Cryptocurrency markets have witnessed a recent surge, and this momentum has spilled over into the realm of decentralized finance (DeFi). Historically, decentralized exchanges (DEX) have lagged behind their centralized counterparts (CEX) in terms of trading volume. However, the market rally has breathed new life into DEXs, although at a slightly slower pace. Platforms like Uniswap,
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In a recent press release, the United States Department of Justice (DOJ) has unveiled the shocking details of a sophisticated crypto Ponzi scheme that defrauded unsuspecting investors of approximately $25 million. This audacious fraud involved two individuals, David Gilbert Saffron of Australia and Vincent Anthony Mazzotta Jr. of California, who shamelessly marketed their fraudulent crypto
In the year 2023, Ethereum’s native cryptocurrency, Ether (ETH), has made an impressive recovery after the devastating losses experienced in 2022. According to data from CoinGecko, ETH has reached a price point of around $2,400, although it still trails behind its all-time high of over $4,800 achieved in November 2021. The recent uptrend in ETH
Bitcoin made an attempt to break the $43,000 level over the weekend, but its efforts were short-lived as the cryptocurrency failed to sustain its momentum. After reaching a new 19-month peak on Saturday, bitcoin started retracing slowly on Sunday. However, Monday saw a significant drop of $3,000, bringing its price to just under $41,000. The
The cryptocurrency industry experienced a significant reduction in hack volumes in 2023, according to a research conducted by TRM Labs. The study reveals a more than 50% decrease in the total value stolen compared to the previous year. In this article, we will analyze the key findings of the research and explore the factors contributing
Tether, the company responsible for the largest stablecoin, has recently released two letters that were sent to the US Senate Committee on Banking, Housing, and Urban Affairs and House Financial Services Committee. These letters were specifically addressed to Senator Cynthia Lummis and Representative French Hill, both of whom have raised concerns about the alleged use
The rise of cryptocurrency exchange-traded funds (ETFs) has become a trend this season, with numerous traditional finance companies seeking regulatory approval to introduce more options to the market. First Trust, an asset management firm, is joining the fray by applying to create a Bitcoin Buffer ETF. This unique product aims to help investors protect themselves
The cryptocurrency market experienced a loss of momentum recently, with Bitcoin’s price retracing back down to around $42,000. Alongside Bitcoin, most altcoins also dipped in value, with Solana (SOL) and Cardano (ADA) experiencing significant drops of over 5%. However, amidst this red sea of price declines, Internet Computer (ICP) stood out by surging an impressive
As the world of digital currencies continues to evolve, the adoption and use of Bitcoin (BTC) by developing countries are becoming increasingly prominent. This trend has caught the attention of investment giant Franklin Templeton, with its Head of Digital Asset & Investor Advisory Services, Sandy Kaul, expressing her views on the future role of Bitcoin
The Securities and Exchange Commission (SEC) Chair, Gary Gensler, has shown indications of a potential change in his stance on spot Bitcoin exchange-traded funds (ETFs) for American investors. This shift comes after Grayscale’s recent legal triumph and the court’s ruling that the SEC made an incorrect decision in denying approval for Grayscale’s proposed Bitcoin ETF.