In November 2024, the world of decentralized and centralized finance showcased an alarming pattern—hacks and security breaches dominated the landscape, accounting for an astounding 99.96% of total losses across the sector. This presents a stark contrast to the previous year’s figures, indicating that while decentralized finance (DeFi) showed signs of resilience, hackers are increasingly honing
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The introduction of the Markets in Crypto-Assets (MiCA) regulation in Europe marks a significant turning point for the cryptocurrency industry, particularly for stablecoins. As regulatory frameworks become more robust, companies operating within the European Economic Area (EEA) are facing new challenges that demand immediate compliance. One striking example of this is Coinbase’s decision to terminate
Ethereum, one of the leading cryptocurrencies, is currently facing a crucial resistance point at $3,659. Following an impressive upward trajectory, the digital asset now seems to have hit a consolidation phase where buyers are struggling to maintain momentum. As the market does not exhibit a clear bullish sentiment, several questions arise: Is this simplistic stall
Bitcoin (BTC), the digital currency that sparked a global phenomenon, has been making headlines once again as it hovers around critical price levels. A recent surge brought its value close to the monumental $100,000 mark, yet the cryptocurrency market remains a volatile arena where gains can quickly turn into losses. This article will dissect the
In a recent communication to its clients, Coinbase, one of the leading cryptocurrency exchanges in the United States, announced a significant change for users in the European Economic Area (EEA). Beginning November 1, the platform will cease providing rewards for holders of the USD Coin (USDC) stablecoin in the EEA. This strategic move arises from
Recent analyses on Cardano (ADA) have stirred excitement among investors, positioning the cryptocurrency as a strong candidate for a significant price jump. Notably, the crypto analyst CoreCrypto has identified a bullish flag pattern that suggests ADA could experience a dramatic 50% surge in value soon. This potential breakout is underpinned by a robust bullish momentum,
Recent developments in U.S. customs regulations have created significant challenges for importers of cryptocurrency mining hardware. The U.S. Customs and Border Protection (CBP) agency has reportedly detained shipments of Antminer ASIC miners at multiple ports across the nation, stirring concerns among domestic miners. Seven bitcoin mining companies, wishing to remain anonymous, indicated that the Federal
As of now, the stablecoin market caps are below $200 billion, representing a mere 1% of the United States’ money supply (M2) and foreign exchange (FX) operations. Despite this modest share, emerging research indicates a strong potential for growth, predicting that stablecoins could capture up to 10% of M2 and FX transactions in the future.
The ongoing tension between the Solana blockchain community and cryptocurrency exchange Coinbase has recently risen to the forefront, primarily due to significant delays in transaction processing on the Solana network. Various users took to social media platforms like X (formerly Twitter) to share their frustrations after observing that some transactions took as long as 45
The cryptocurrency market is at a pivotal juncture as a blend of new altcoins is starting to challenge Bitcoin’s long-standing reign. With Bitcoin currently holding steady around the $97,000 mark, the total market valuation has climbed to approximately $3.56 trillion. The market’s ebb and flow is marked by intense fluctuations; Bitcoin’s price recently dipped to