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
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 the ever-evolving landscape of cryptocurrency, where volatility reigns and innovation is around every corner, individuals like Opeyemi stand out. This writer has intertwined his passion for cryptocurrency with his skills in writing, providing unique insights and analyses aimed at demystifying the complexities inherent in this digital frontier. Though not an initial aspiration, his engagement
The recent changes in the American political landscape, particularly surrounding cryptocurrency, signal a significant turning point. Under a new administration that clearly champions crypto innovation, the United States stands at the precipice of regaining its position as a leader in the rapidly evolving crypto sector. The shift from a previous regulatory regime marked by stifling
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
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
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