After a tumultuous week, Bitcoin found some respite as its price, which had plummeted to a startling low of $78,200, notably rebounded to approximately $85,000. This sudden resurgence came after significant struggles over the previous weekend, when the cryptocurrency market was plagued by volatility. The price struggles stemmed primarily from events surrounding a hack at
Crypto
In the ever-evolving world of cryptocurrencies, the Tron network has emerged as a notable player, particularly in the realm of stablecoins. At the forefront of this financial ecosystem is Tether’s USDT, which has solidified its position as the predominant stablecoin on the Tron blockchain. Recent data from CryptoQuant indicates that USDT comprises a staggering 98.5%
The decentralized exchange protocol, Thorchain, has become embroiled in a controversy that highlights the tension between regulatory compliance and the foundational principles of decentralization. Internal strife has led to the resignation of key developers, raising important questions about the project’s governance dynamics and long-term viability. Recently, allegations that North Korea’s notorious Lazarus Group has exploited
The U.S. Securities and Exchange Commission (SEC) has recently articulated its position on meme coins, revealing insights that underscore a significant shift in regulatory thought. In a comprehensive statement, the SEC’s Division of Corporation Finance sought to delineate meme coins from traditional securities, categorizing them instead as collectibles. This pivotal clarification indicates that transactions involving
The cryptocurrency market has experienced a staggering downturn recently, with total valuations plummeting below the $2.8 trillion mark. The decline is characterized by significant losses across major assets, including Bitcoin (BTC) and Ethereum (ETH). Over a single week, Bitcoin has seen a dip of approximately 19%, while Ethereum’s situation is even more precarious, as its
On February 28, a significant wave of Bitcoin options contracts is set to expire, totaling about 58,000 contracts with a collective notional value estimated at $4.7 billion. This particular expiry is noteworthy not just for the volume but also because it coincides with the end of the month, often a period when trading volumes and
In a stark reminder of the growing dangers in the digital financial landscape, the FBI has linked a significant cyber heist on cryptocurrency exchange Bybit to North Korea’s notorious Lazarus Group. This incident, which saw hackers pilfer more than $1.5 billion worth of assets—specifically over 41,000 ETH—has stirred concerns among regulators and industry experts alike.
In the rapidly evolving landscape of cryptocurrency exchanges, security remains an ever-pressing concern. The recent hack of Bybit, which resulted in the compromise of approximately $1.5 billion, brought the spotlight onto Safe Wallet, the custodian of the digital assets in question. Following a forensic examination that revealed failures in Safe Wallet’s infrastructure rather than flaws
In a significant turn of events for the cryptocurrency market, Cameron Winklevoss, co-founder of the Gemini exchange, revealed that the United States Securities and Exchange Commission (SEC) has officially concluded its investigation into the platform. This announcement comes nearly two years after the probe began and follows the issuance of a Wells Notice to Gemini
Bitcoin has proven to be an unpredictable asset, and recent developments underscore this volatility. Following the announcement of a 25% tariff from former US President Donald Trump targeting imports from Canada and Mexico, Bitcoin’s price tumbled below the crucial $90,000 threshold. This incident highlights how external economic policies can dramatically influence cryptocurrency markets. Investors often
