The recent announcement from DMM Bitcoin regarding its impending closure is an unsettling reflection of the volatility within the cryptocurrency exchange landscape. Set to halt operations by March 2025, this decision came on the heels of a catastrophic hack that saw the exchange lose over $300 million in digital assets. The incident not only exposed
Crypto
In an impressive display of market resilience, XRP has surged dramatically, marking its highest levels in nearly seven years. With gains surpassing 100% since the previous week, the digital asset successfully breached the $2 resistance barrier, climbing to an eye-catching $2.5. This surge reflects a strong bullish sentiment among traders and investors, highlighting a significant
The emergence of platforms like SecondLane signifies a new chapter in private market investments. Recently, SecondLane highlighted the listing of a 1% equity stake in Pump.fun, valuing the platform at a staggering $1.5 billion. This valuation reflects the growing appetite for investments in blockchain technologies, particularly those leveraging the quirky yet profitable realm of meme
Despite a sluggish performance for several weeks, Shiba Inu (SHIB) has bounced back, showcasing a remarkable surge that saw it reach a multi-month high of over $0.000033. This uptrend enabled the meme coin to briefly re-enter the coveted top 10 altcoins by market capitalization, although a subsequent pullback relegated it to the 11th position, just
Ethereum has demonstrated notable resilience in recent months, particularly after its recent rebounding from the crucial support level around $3,500. Following a period of robust growth that prompted the price to surpass this significant threshold, there now appears to be a need for market participants to cautiously evaluate further movements. As Ethereum approaches the key
In recent years, cryptocurrency has transitioned from a niche investment vehicle to a mainstream asset class, marked by a surge in ownership reported on tax filings across the United States. According to a report from economists at the U.S. Treasury, the period between 2020 and 2021 saw the number of households declaring cryptocurrency holdings nearly
Since its mainnet launch on August 9, 2023, Base, an Ethereum Layer 2 solution developed by Coinbase, has emerged as a remarkable case in the rapidly evolving blockchain landscape. By the end of 2024, the network has demonstrated exponential growth, especially in daily transaction volumes. Reports from Delphi Digital indicate an astronomical increase of 1,600%
Cardano (ADA) has firmly established itself as a prominent player among the top ten cryptocurrencies by market capitalization. Despite encountering minor fluctuations recently, it has shown remarkable resilience, reflecting the broader optimism in the crypto market. Over the past day, Cardano experienced a notable price increase of more than 7%, suggesting a potential return to
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
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