Ethereum (ETH) has caught the attention of traders and investors alike after a period of stagnation. For a week, the cryptocurrency was trapped in a sideways trading pattern, causing a mix of anxiety and skepticism among its followers. However, a recent upturn of 5% has led ETH to retest significant resistance levels, specifically the $3,200
The cryptocurrency world has recently experienced a significant surge, particularly surrounding XRP, following Gary Gensler’s announcement regarding his impending departure from the Securities and Exchange Commission (SEC). Gensler’s tenure has been marred by controversy and skepticism from many in the crypto community due to his aggressive regulatory stance against several digital assets, including XRP. The
In a significant development, FTX and its associated debtors have outlined plans to implement their Chapter 11 Plan of Reorganization by January 2025. This initiative aims to provide a structured framework for distributing funds to creditors and affected customers. The announcement clarified that December will be a pivotal month, during which FTX intends to finalize
In the ever-evolving landscape of cryptocurrency, Bitcoin stands out as the flagship asset, capturing the attention of traders and investors alike. A recent prediction by noted crypto analyst TechDev posits that Bitcoin could potentially surge to an astonishing $139,000 based on historical patterns linked to U.S. election cycles. Observing previous election days provides a compelling
The cryptocurrency realm, particularly in South Korea, has been rocked by significant security breaches, none more notable than the Upbit heist of 2019. Investigators have recently linked this audacious theft, which netted a staggering $50 million worth of Ethereum (ETH), to North Korean hacking groups such as Lazarus and Andariel. These entities are reportedly aligned
In late 2023, Magic Eden, one of the leading NFT marketplaces, unveiled plans for its ME token airdrop—a move many are calling the most significant gesture towards community engagement in 2024. With an impressive prize pool of over $300 million, this initiative not only aims to reward existing users but also to drive engagement and
In the ever-evolving landscape of cryptocurrency and Web3 technology, the narratives we encounter often revolve around rapid success stories or abrupt failures. However, the journey of Samuel Edyme, better known by his moniker HIM-buktu, is neither cliché nor predictable. His story unfolds like a gripping plot twist—one that begins with deception but transcends into a
In a significant legal development, a federal court has invalidated the Securities and Exchange Commission’s (SEC) dealer rule, marking a pivotal moment in the ongoing debates about regulatory practices within the cryptocurrency ecosystem. The U.S. District Court for the Northern District of Texas determined that the SEC had overstepped its bounds, contravening the Exchange Act
As the digital asset market explodes, with its valuation reaching approximately $3 trillion, a significant shift in regulatory oversight appears imminent. Former Commodity Futures Trading Commission (CFTC) Chair Chris Giancarlo, widely recognized as “Crypto Dad,” is being positioned as the leading candidate to assume a new and pivotal role: the White House “crypto czar.” Announced
On November 21st, Sui Network, a prominent Layer 1 blockchain platform, faced a significant operational setback when it encountered an unprecedented failure in block production. The incident, which caused the network to halt completely for approximately two hours, sparked concerns among users and investors alike. Once the system was restored, transactions resumed, but the disturbance
