September 2024 marked a troubling phase for the cryptocurrency sector, as a disturbing trend of increased cyber attacks unfolded. According to a recent report from blockchain security provider PeckShield, the crypto industry endured more than 20 hacking incidents throughout the month, leading to substantial financial losses estimated at over $120 million. This figure does not
Crypto
In the dynamic realm of cryptocurrency, the past day has showcased a vivid illustration of volatility and resilience, with Bitcoin leading the charge. After struggling around $61,000, where it briefly dipped to $60,800 amid bearish pressure, the king of cryptocurrencies has seemingly regained its footing, climbing to approximately $62,250. This surge signals not only a
Recent survey results from ConsenSys and HarrisX shed light on the shifting landscape of voter priorities, particularly relating to cryptocurrency as a determining factor in political choice. A striking 49% of U.S. voters indicate that a candidate’s pro-crypto position holds significant weight in their decision-making process. This finding showcases the growing acceptance and relevance of
The recent partnership between the Cryptocurrency Open Patent Alliance (COPA) and Unified Patents signals a pivotal moment in the fight against patent trolls—entities that wield patents without actively engaging in product development to pressure companies into costly settlements. The launch of the Blockchain Zone, aimed specifically at protecting blockchain developers, is not just a tactical
In recent weeks, the cryptocurrency market has shown signs of volatility primarily driven by escalating geopolitical tensions, notably following Iran’s missile strikes on Israel. This incident has sent shockwaves throughout the market, leading to significant price fluctuations for various cryptocurrencies, with Bitcoin dropping below the critical threshold of $60,500. However, in the face of this
In a surprising move that has sent ripples through the regulatory landscape, Gurbir Grewal, the Director of Enforcement at the U.S. Securities and Exchange Commission (SEC), has announced his resignation effective October 11, 2024. This decision, communicated in a press release on October 2, comes at a critical juncture for the SEC, especially as it
In recent days, a wave of uncertainty has swept through the cryptocurrency market, causing various altcoins to retract their gains. This phenomenon has not spared Polkadot (DOT), which has seen its price plunge to $4.04, marking a downturn of over 14% in just 72 hours. Such drastic shifts often prompt traders and investors to reassess
This week marked a significant advance for cryptocurrency asset management as Bitwise Asset Management registered a trust entity named “XRP ETF” in Delaware. Following this development, the firm subsequently submitted an S-1 form to the U.S. Securities and Exchange Commission (SEC). This filing is a crucial step for companies looking to introduce a new security
In a notable development within the cryptocurrency sector, Bitwise Asset Management has filed for an Exchange-Traded Fund (ETF) focused on XRP, the native cryptocurrency of Ripple. This filing, registered in Delaware, signifies a potential breakthrough for institutional investors keen on cryptocurrency investments. While XRP has often battled perceptions related to regulatory uncertainty, this filing embodies
In a striking legal development, a 21-year-old man named Evan Frederick Light from Lebanon, Indiana, has confessed to orchestrating one of the largest cryptocurrency thefts recorded, amounting to over $37 million from nearly 600 victims globally. This case spotlights the significant vulnerabilities within the cryptocurrency ecosystem as cybercriminals continue to exploit technological advancements for malicious
