Bitcoin has recently experienced a notable dip, falling below the critical 100-day moving average, which currently sits at $98,000. This movement suggests a concerning shift in market dynamics, as the cryptocurrency approaches the significant support level of $95,000. The contraction in trading activity signals a potential lack of enthusiasm among market participants, implying that Bitcoin
admin
The crypto landscape is often fraught with risks, not only due to market volatility but also concerns over exchange integrity. OX.FUN, a derivatives exchange tied to the founders of the controversial Three Arrows Capital, Su Zhu and Kyle Davies, now finds itself at the center of a storm. Allegations of financial misconduct have surfaced, primarily
In recent weeks, the U.S. economy has shown signs of strain as various economic indicators paint a picture of uncertainty. Notably, the service-sector Purchasing Managers’ Index (PMI) has recorded its lowest level in over two years, suggesting that businesses are facing headwinds that could affect overall economic performance. Upcoming reports on Gross Domestic Product (GDP)
The cryptocurrency market is in a state of disarray as Bitcoin (BTC) has recently faced significant turbulence. After briefly sustaining price levels above $96,000 over the weekend, BTC fell below this vital threshold, marking a bearish sentiment that resonates throughout the crypto landscape. The volatility became apparent as BTC struggled to retain its value, experiencing
The cryptocurrency landscape is in a phase of constant evolution, and the introduction of a new decentralized stablecoin, known as USP, spearheaded by Reeve Collins, is a significant development. Scheduled for launch in the latter half of 2025, this endeavor aims to carve out a competitive edge against the established dominance of Tether (USDT). As
In recent years, a disconcerting shift has emerged in the landscape of financial fraud, particularly with the malicious phenomenon known as “Pig Butchering.” Traditionally, older adults were viewed as the primary victims of such scams, primarily due to their vulnerability and potentially limited understanding of technology. However, recent studies indicate that the demographic profile of
In the world of finance, few themes are as captivating as the contrasting fates of Bitcoin and gold over recent months. Traditionally viewed as a hedge against inflation and economic instability, gold has soared to unprecedented levels, nearing the $3,000 per ounce mark for the first time in history. In stark contrast, Bitcoin, the flagship
Cardano (ADA), a prominent player in the cryptocurrency landscape, finds itself at a significant crossroads. Trading recently at around $0.80, it faces a decline of over 40% from its peak in December. This bearish trend emphasizes the turbulence faced by Cardano, especially in the wake of its founder, Charles Hoskinson’s recent remarks regarding competition in
In the fast-paced world of cryptocurrency, trends can shift dramatically, and investor sentiment is notoriously fickle. The landscape for Bitcoin exchange-traded funds (ETFs) in the United States has recently taken a downward turn. February 2025 is shaping up to be a particularly challenging month for Bitcoin ETFs, as evidenced by significant withdrawals and a striking
The cryptocurrency market is notorious for its volatility, and Cardano (ADA) is no exception. Recently, the token faced significant trading turbulence sparked by a massive hack that hit the Bybit exchange, valued at $1.4 billion. This shocking incident sent ripples through the crypto community, triggering a wave of panic selling that affected not only Cardano
The cryptocurrency market experienced significant turmoil last Friday, triggered by a staggering hack on Bybit that resulted in the loss of approximately $1.5 billion worth of Ethereum from one of its hot wallets. This incident led to a sharp decline in Bitcoin’s (BTC) price, which initially began the week hovering around $97,000. However, the fluctuations
In a noteworthy development, Standard Chartered Bank Hong Kong (SCBHK), Animoca Brands, and Hong Kong Telecommunications (HKT) have entered into a joint venture aimed at creating a stablecoin backed by the Hong Kong dollar. This collaboration reflects a crucial step towards integrating stablecoins into the region’s financial ecosystem, showcasing how diverse sectors can unite to
Meet Opeyemi, a passionate writer who has carved a unique niche for himself within the vibrant universe of cryptocurrency. Initially hesitant to dive into this complex ecosystem, it was two years ago that he took the leap into the digital asset domain. This decision transformed his career path and piqued his fascination with the intricacies
In a striking case of corporate embezzlement that shook the foundations of WeChain Fintech Singapore, former payroll staff member Ho Kai Xin was sentenced to an astonishing nine years and 11 months in prison. With her actions resulting in the theft of over $5.7 million, this case highlights the vulnerabilities in corporate financial systems, the
The onset of a new political administration in the United States has sparked conversations about the future of the cryptocurrency industry—a sector that has long awaited supportive governance to foster innovation and growth. The stark contrast between the current leadership’s crypto-friendly stance and previous regulatory hostilities is pivotal in shaping the landscape for American developers
In the rapidly changing world of cryptocurrency, where innovation and volatility dominate, the demand for insightful analysis and clear communication has never been higher. Semilore Faleti represents a new generation of cryptocurrency journalists who not only understand the complexities of blockchain technology but are also committed to making this knowledge accessible. From his early stages
In the rapidly changing landscape of cryptocurrency, one of the standout narratives is that of Cardano (ADA). As of late, Cardano has been navigating turbulent waters, particularly following the significant security breach at the Bybit exchange, which resulted in a staggering loss exceeding $1.5 billion. This incident triggered a wave of panic across the cryptocurrency
The evolving landscape of cryptocurrency regulation in Europe is undergoing a significant transformation, particularly with the emergence of the Markets in Crypto-Assets (MiCA) regulation. This framework, which came into effect in January 2023, aims to implement a robust oversight mechanism for stablecoin issuers operating within the European Union (EU). As traditional financial firms and cryptocurrency
In an alarming development for the cryptocurrency sector, Bybit—the exchange known for its significant trading volumes—has fallen victim to what is being called one of the largest hacks in the industry. Initial reports highlighted suspicious transfers from Bybit’s hot wallets, which rapidly escalated into a crisis when it was confirmed that approximately $1.4 billion worth
In today’s fast-paced world, journalism has evolved beyond the simple act of reporting facts. It embodies a lifestyle where professionals like Christian don’t just clock out after a day’s work. Instead, they continue to seek out stories, uncover truths, and engage with global conversations. Christian exemplifies this dedication, immersing himself in the volatility and excitement
The cryptocurrency market has always been characterized by its volatility and rapid price movements. Among the prominent players, Ethereum has not yet managed to reclaim its all-time high, which it last reached over three years ago. In stark contrast, Bitcoin has not only surpassed previous high price points but has also set a new precedent
In a noteworthy development for the African financial landscape, Altvest Capital Limited has taken a groundbreaking step by becoming the continent’s first publicly traded company to embrace Bitcoin (BTC) as a strategic asset within its treasury. This decision signifies a major shift not only in Altvest’s investment strategy but also reflects a broader acceptance of
The crypto landscape has recently been shaken by a staggering security breach involving the prominent exchange, ByBit. On February 21, the platform announced a serious incident involving its Ethereum cold wallet, where roughly 401,346.76 ETH—valued at approximately $1 billion—was siphoned away, culminating in an eye-popping total that may reach $1.5 billion when considering the assorted
Coinbase, one of the leading cryptocurrency exchanges, recently reached an agreement to dismiss an enforcement case initiated by the Securities and Exchange Commission (SEC). This resolution, pending approval from the SEC, has brought Bitcoin prices back up over $99,000, marking a significant moment in the ongoing dialogue between cryptocurrency companies and regulatory bodies. The case
The downfall of FTX, once a titan in the cryptocurrency exchange landscape, has left thousands of creditors in limbo, grappling with the aftermath of its bankruptcy declaration in November 2022. As the affected creditor demographics become increasingly evident, a representative from the FTX Creditors’ group, Sunil Kavuri, has stepped up to shed light on figures
In recent months, the ripple has grown louder around the potential launch of a spot XRP exchange-traded fund (ETF) in the United States, drawing significant attention from financial institutions and investors alike. With leading companies such as Grayscale, Bitwise, and 21Shares putting forth their applications, the case for an XRP ETF has gained momentum. This
Ethereum (ETH) has been experiencing a pivotal phase in its trading landscape, grappling with the significant challenge of reclaiming the $2,800 resistance level. Despite persistent efforts from bullish traders, selling pressure from bears has kept the cryptocurrency below this critical threshold for several days. This ongoing tussle between buyers and sellers highlights the current volatility