In the wake of significant market turbulence triggered by the Bybit hack, Bitcoin (BTC) has displayed remarkable resilience, currently hovering just above the $96,000 mark. Following a turbulent Friday when the hack resulted in a staggering loss of $1.5 billion in Ethereum (ETH), Bitcoin’s price suffered a sharp decline, dropping from an attempted peak of
Crypto
The evolving landscape of digital assets in Hong Kong is witnessing a significant transformation with a powerful partnership between Standard Chartered Bank Hong Kong (SCBHK), Animoca Brands, and Hong Kong Telecommunications (HKT). Together, they are forming a joint venture (JV) aimed at innovating the financial sector through the introduction of a Hong Kong dollar-backed stablecoin.
In a significant breach of trust that has sent shockwaves through the financial community, Ho Kai Xin, formerly a payroll processing employee at WeChain Fintech Singapore, has been sentenced to nearly ten years in prison for embezzling over $5.7 million. The case highlights not only the potential vulnerabilities in financial systems that rely on employee
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
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 recent months, the cryptocurrency landscape has been abuzz with anticipation as a wave of financial institutions vie to launch the first spot XRP exchange-traded fund (ETF) in the United States. Companies like Grayscale, Bitwise, and 21Shares have taken significant steps to submit their applications, which have been officially recognized by the US Securities and
In an ambitious display of strategic foresight, Metaplanet has made headlines with its recent announcement regarding a substantial increase in its Bitcoin holdings. As of now, the company boasts a total of 2,100 BTC, valued at approximately $196 million. This shift marks a significant milestone in the company’s investment strategy, underscoring its commitment to cryptocurrency
The crypto landscape is notorious for its contentious debates, and the ongoing feud between Bybit CEO Ben Zhou and Pi Network is a testament to this reality. Zhou has taken an unwavering stance against Pi Network, labeling it a scam and asserting that Bybit will not be listing its token. This confrontation has escalated recently,
In a groundbreaking move, Brazil has emerged as the first nation to sanction a spot XRP exchange-traded fund (ETF). This significant step reflects not only Brazil’s evolving regulatory framework for digital assets but also its wider ambitions within the cryptocurrency industry. The new ETF, which is managed by Hashdex and under the administration of Genial
In the dynamic realm of cryptocurrency, distinct narratives often unfold concurrently, encapsulated by the popular digital assets, Dogecoin (DOGE) and XRP. Recently, crypto analyst Ali Martinez highlighted potential bullish forecasts for these two tokens, suggesting that they might rise by approximately 25%. However, an intricate evaluation of their performance indicates a mixed landscape, particularly for