Crypto

The official Twitter account of Trezor, a well-known hardware wallet manufacturer, recently suffered a devastating compromise. It is suspected that the breach was a result of a SIM swap attack, which led to fraudulent messages being posted on the platform. These messages promoted fake token sales and wallet scams, tricking users into sending funds to
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Bitcoin, the leading cryptocurrency, has witnessed a significant drop in its price, losing roughly ten thousand dollars since its peak last Thursday at almost $74,000. This sudden downfall has also impacted other alternative coins, causing the total crypto market cap to plummet to under $2.5 trillion from exceeding $2.9 trillion just last week. After a
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Cardano’s development and utility have been scrutinized within the community, particularly concerning the Hydra project. This layer 2 scalability solution aims to enhance transactions, reduce costs, and optimize Cardano’s functionality. While rumors of the project’s demise circulated, co-founder Charles Hoskinson vehemently denied these claims, labeling them as “pure FUD.” He emphasized the team’s increased productivity
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The cryptocurrency market has experienced a weekend of extreme volatility, with Bitcoin plummeting to a ten-day low of under $65,000. This sharp decline comes after a period of bullish momentum that saw Bitcoin reach a new all-time high of $73,800 earlier in the week. However, the bulls’ reign was short-lived as the bears took control
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Paul Grewal, the Chief Legal Officer at Coinbase, has taken issue with a letter penned by two U.S. senators that urges the Securities and Exchange Commission (SEC) to impose stricter regulations on Bitcoin exchange-traded funds (ETFs) and refrain from approving any further cryptocurrency ETF applications. In a recent statement, Grewal argues that expanding the ETF
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Recently, Binance, the world’s leading crypto exchange, made a significant move by spinning off its venture capital and incubation arm, Binance Labs. This decision, which took place earlier this year, marks a new chapter in the company’s evolution under the leadership of CEO Richard Teng. The website of Binance Labs now clearly states its independence
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Amidst the recent market correction, Ripple’s XRP has experienced a significant dip in its price, currently hovering around the $0.63 mark according to CoinGecko’s data. This represents a 5.5% decrease over a 24-hour period. Despite this downturn, analysts are remaining optimistic about XRP’s potential for recovery and future growth. Analyst EGRAG CRYPTO has expressed confidence
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The price of Bitcoin surged to a new all-time high, nearing $74,000 after a slight dip below $72,000 just a day before. This milestone comes after a strong performance towards the end of last week when Bitcoin surpassed $70,000 for the first time on Friday. Despite a minor retracement following this peak, BTC continued to
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MakerDAO, a prominent DeFi lending protocol, has recently announced its ambitious plan for the future with the introduction of the highly anticipated ‘Endgame’. This multi-phase project is set to revolutionize the ecosystem and drive exponential growth in Dai adoption. With the first phase scheduled for a summer 2024 launch, MakerDAO aims to establish a fully
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Bitcoin mining earnings have recently reached an all-time high, reflecting the ongoing surge in the value of the leading cryptocurrency. According to data compiled by CryptoQuant, miners raked in a daily revenue of $78.6 million on March 7, surpassing the previous record set during the peak of the crypto boom in April 2021. This surge
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Thailand’s Securities and Exchange Commission (SEC) recently made a significant change to its regulations, allowing for the creation of private funds that can invest in spot Bitcoin exchange-traded funds (ETFs) traded on U.S. exchanges. This new opportunity is, however, limited to institutional investors and high-net-worth individuals. The decision to permit asset management firms to oversee
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Bitcoin’s recent surge past $70,000 has left many experts analyzing its potential future growth. According to Rekt Capital, historical patterns indicate that Bitcoin tends to reach its peak around 518-546 days after a halving event. However, the current cycle seems to be accelerating, with a potential deviation of around 260 days. This suggests that the
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Bitcoin experienced a rollercoaster ride over the past week, starting with a sharp increase over the weekend that led to a new all-time high of nearly $73,000. This surge was a result of several factors, including a positive start on Monday and renewed investor interest in the cryptocurrency market. However, this record-breaking high was short-lived
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The recent listing of Metis (METIS) on Binance has had a positive impact on the price of the cryptocurrency. This development comes at a time when the overall cryptocurrency market is experiencing a resurgence, with major cryptocurrencies like Bitcoin (BTC) reaching record highs. Binance’s continuous efforts to enhance its platform in response to market trends
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Since the approval of spot Bitcoin ETFs in mid-January, the cryptocurrency markets have experienced a significant surge of 60%. This surge has added a trillion dollars to the total capitalization of crypto assets. While Bitcoin reached a new all-time high during this period, Ethereum struggled to overcome the $4,000 level decisively. Fox Business correspondent Eleanor
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Russia, a member of the BRICS alliance, has made a groundbreaking announcement regarding the development of a new blockchain-based payment system. This system aims to transform trade settlements among BRICS member nations by providing an independent mechanism for conducting transactions. The alliance, comprised of Brazil, Russia, India, China, and South Africa, is collaborating to pioneer
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In a bold move, the Stanford Blyth Fund, a student-run investment organization at Stanford University, made a significant investment in Bitcoin (BTC) at the price of $45,000 in February. This decision came after a compelling presentation by Kole Lee, a computer science major and leader at the Stanford Blockchain Club. Following Lee’s pitch, the Blyth
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