The cryptocurrency landscape is notoriously fluid, often swayed by external factors ranging from political events to economic trends. Recent discussions have emerged regarding the potential turning points in the market that could signal a cycle’s end or a new beginning. Particularly, the ambiguity surrounding events like Donald Trump’s inauguration raises questions about whether it serves
Crypto
In the realm of cryptocurrency investments, especially with Bitcoin Exchange-Traded Funds (ETFs), the recent market performance presents a striking narrative. After experiencing a significant and distressing eight-day period marked by net outflows, Bitcoin ETFs finally encountered a slight uptick in net inflows. This brief glimmer of hope appeared on a Friday when they managed to
The world of cryptocurrency recently experienced a rollercoaster week, marked by extreme volatility particularly surrounding Bitcoin, the leading digital asset. Following an alarming decline that saw Bitcoin plummet to a staggering low of $78,000, the market seems to be stabilizing as it gained approximately $7,000. This shift is taking place amidst broader market trends as
The Tron network’s landscape has crystallized around a single stablecoin: Tether’s USDT. With breathtaking efficiency and market presence, USDT commands an overwhelming 98.5% share of the stablecoin supply on the Tron blockchain. Current figures suggest that USDT’s circulating supply has soared to approximately $62.76 billion, reflecting a staggering majority compared to the overall stablecoin market
In an alarming turn of events, Thorchain, a decentralized exchange protocol that emphasizes interoperability, is witnessing the exodus of its key developers. This upheaval stems from deep-seated disagreements about the protocol’s approach to handling illicit funds, particularly in light of alarming developments involving the notorious Lazarus Group from North Korea. This group has reportedly exploited
In a significant development, the U.S. Securities and Exchange Commission (SEC) has taken a clear stance on meme coins, distinguishing them from traditional securities. This recent announcement by the SEC’s Division of Corporation Finance sheds light on how federal securities laws apply to these increasingly popular digital currencies characterized by their cultural and internet-based origins.
The cryptocurrency market has recently faced a tumultuous decline, with a staggering drop in total capitalization that has fallen below the $2.8 trillion mark. Prominently, Bitcoin (BTC) has encountered a significant downturn, recording a near 19% decrease over the past week. Meanwhile, Ethereum (ETH), its closest competitor, has experienced even steeper losses, dipping below the
The financial landscape for cryptocurrencies is evolving at a rapid pace, with specific events such as Bitcoin options expirations playing a crucial role in determining market sentiment and price fluctuations. On February 28, approximately 58,000 Bitcoin options contracts, possessing a notional value of about $4.7 billion, are set to expire. This significant number of contracts
In a concerning development for the cryptocurrency sphere, the Federal Bureau of Investigation (FBI) has unequivocally attributed the staggering $1.5 billion cyberattack on cryptocurrency exchange Bybit to the notorious Lazarus Group, an entity linked to North Korean state-sponsored cybercriminal activities. The incident, which took place on February 21, saw hackers penetrate one of Bybit’s cold
In the world of cryptocurrency, security breaches are a constant concern as hackers devise increasingly sophisticated methods to exploit vulnerabilities. A recent incident involving the Bybit exchange has brought these concerns to the forefront, especially after the once-celebrated Safe Wallet suffered a massive compromise, leading to the theft of nearly $1.5 billion worth of assets.