In a dramatic turn of events within the cryptocurrency sector, Bybit recently repaid a substantial loan of 40,000 Ethereum (ETH), valued at approximately $99.98 million, to Bitget. This transaction was executed in the wake of a significant security breach that resulted in a loss of $1.4 billion. The loan, which was granted as a gesture
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In a notable movement within the cryptocurrency landscape, Grayscale Investments, a leading digital asset manager, has made headlines with its recent application for a spot Cardano (ADA) exchange-traded fund (ETF) in the United States. Officially submitted on February 10, this request has garnered the attention of the Securities and Exchange Commission (SEC), which has now
In recent days, Bitcoin (BTC) has witnessed a dramatic decline, shedding nearly 13% of its value and plunging to its lowest price point in over three months. As the primary cryptocurrency, Bitcoin’s price movements often reflect broader economic conditions and investor sentiment, making this downward trend particularly noteworthy. From an impressive near-record high of $99,400
In a significant turn of events for the cryptocurrency trading platform OKX, the company recently settled with US authorities for over $500 million. This settlement underscores the importance of regulatory compliance in the rapidly evolving digital currency landscape. OKX’s CEO, Star Xu, has openly acknowledged the organization’s previous failures in adhering to regulatory standards, yet
Bitcoin has experienced a tumultuous 24 hours, leading to a price plunge that marks its lowest point since mid-January, settling just above $90,000. This decline represents a staggering drop of over $9,000 since it peaked at $99,500 on Friday, igniting concerns among investors and analysts alike. As a significant force in the cryptocurrency market, Bitcoin’s
As the cryptocurrency landscape evolves, Bitcoin (BTC) finds itself navigating through turbulent waters once again. Recently, Bitcoin dipped below the $95,000 mark, raising concerns about its fragility in the current market environment. February’s end signals a pivotal moment for analysts and traders alike, with many emphasizing the cryptocurrency’s need to reclaim fundamental price levels to
The lightning-paced evolution of the cryptocurrency sector has unveiled both opportunities and challenges for financial institutions involved in digital assets. A significant recent development is that the U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into Robinhood Crypto, as evidenced on February 21. This decision culminates an inquiry that began after an
The burgeoning domain of digital assets has seen an exponential rise over the past few years, capturing the attention of financial institutions and regulatory agencies alike. However, as the digital asset market evolves, so too does the regulatory environment, which has become increasingly scrutinized for its impact on innovation. Following a critical appeal to the
Berachain, a layer 1 blockchain that mirrors the Ethereum Virtual Machine (EVM), has made headlines recently by achieving significant milestones in a remarkably short period. Just 20 days following its Mainnet launch, Berachain has not only established itself as a contender but has also overtaken high-profile blockchains like SUI, Avalanche, and Arbitrum by amassing a
In a landmark decision aligning with its 16th sanctions package, the European Union has targeted Garantex, a cryptocurrency exchange based in Russia. This move underscores the EU’s commitment to curtailing financial avenues that facilitate Russia’s evasion of sanctions amid the ongoing Ukraine conflict. The European Council’s announcement on February 24 highlights Garantex’s involvement in helping