Semilore Faleti stands out in the fast-paced realm of cryptocurrency journalism, distinguished not just by his keen insights into digital assets but also by his commitment to promoting social justice and systemic equity. As a writer for NewsBTC, he has carved a niche for himself, immersing readers in the complexities of blockchain technology and decentralized
admin
Cardano (ADA) has recently found itself amidst significant market fluctuations, accentuated by a noteworthy incident involving Bybit—a prominent cryptocurrency exchange that experienced a hack exceeding $1.5 billion. This development triggered considerable turbulence in the crypto world, with market participants reacting swiftly and often irrationally to news. As news of the breach spread, the overall sentiment
The landscape of cryptocurrency exchanges is undergoing a significant transformation as major players like Kraken and Crypto.com pivot to developing their own stablecoins. This shift is principally driven by the European Union’s (EU) implementation of its Markets in Crypto-Assets (MiCA) regulation, aimed at tightening the oversight of stablecoin issuers. Observations from recent developments suggest that
In a startling turn of events, the cryptocurrency market has witnessed an unexpected and catastrophic downturn following what is being described as one of the most significant hacks in the industry’s history. Just when Bitcoin seemed poised to breach a massive psychological barrier, reaching towards the $100,000 mark, news broke regarding suspicious activities linked to
Ethereum, the second-largest cryptocurrency by market capitalization, has found itself in a challenging position in the cryptocurrency market. For over three years, it has struggled to reignite the momentum that once led it to its all-time high of $4,878. Compared to Bitcoin, which has consistently surpassed its previous price ceilings during recent market cycles, Ethereum’s
The recent developments surrounding FTX, the once-prominent cryptocurrency exchange, have shed light on the complexities of compensating creditors after its devastating downfall. Sunil Kavuri, a spokesperson representing the FTX Creditors’ group, has disclosed that the company is actively assessing various strategies to provide restitution to creditors from several countries, including Russia, China, Egypt, Nigeria, and
The recent hacking incident at ByBit, a prominent cryptocurrency exchange, raises significant concerns about the security protocols in place within the crypto trading ecosystem. With an astounding theft of approximately $1.5 billion in Ethereum and other assets, this event marks one of the largest breaches in the history of cryptocurrency exchanges. Such a monumental theft
In a significant milestone for the African financial landscape, Altvest Capital Limited has emerged as the first publicly traded company on the continent to incorporate Bitcoin into its treasury strategy. This groundbreaking approach reflects a forward-thinking mindset, positioning Altvest at the forefront of a growing trend in cryptocurrency adoption among corporate entities worldwide. By opting
In a significant development for the cryptocurrency landscape, Coinbase, one of the leading cryptocurrency exchanges, has come to a preliminary settlement with the staff of the U.S. Securities and Exchange Commission (SEC) regarding a contentious enforcement action against it. This momentous turn has not only sent Bitcoin prices soaring past $99,000 but also reignited discussions
Ethereum, one of the leading cryptocurrencies, is at a crucial juncture as it strives to reclaim the significant price point of $2,800. Over several days, the market dynamics have been notably tense, with bearish forces applying relentless pressure that keeps ETH prices fluctuating beneath this critical resistance level. Despite such challenges, a robust demand persists,