The cryptocurrency landscape has been rocked by what is now considered one of the most significant hacks in the industry’s history, propelling Bitcoin (BTC) into a sharp downward spiral. The incident gained momentum when alarming reports surfaced, revealing suspicious withdrawals from Bybit’s hot wallets. By the time the dust settled, BTC’s value had plunged by
In an era where the lines between work and leisure blur, Christian exemplifies the notion that a journalist’s life is one of continual engagement. With a finger on the pulse of the cryptocurrency market by day and a passion for the mechanical world by night, he encapsulates what it means to be a modern storyteller.
In a groundbreaking move, Altvest Capital Limited has emerged as the first publicly traded company on the African continent to adopt Bitcoin as a strategic treasury asset. This bold decision marks a significant shift in how companies perceive digital currencies, especially within the context of traditional treasury management. By embracing Bitcoin (BTC), Altvest aims to
In a landmark turn of events, Coinbase, a leading cryptocurrency exchange platform, has managed to strike a deal with the Securities and Exchange Commission (SEC) staff that may lead to the dismissal of a contentious enforcement case. This pivotal development has significant ramifications for the cryptocurrency market, reflected by Bitcoin’s surge above $99,000. This settlement
In the wake of the FTX bankruptcy, a troubling reality has emerged for creditors worldwide. Sunil Kavuri, a representative for the FTX Creditors’ group, recently addressed the situation, indicating that there is a significant effort underway to explore repayment options for creditors belonging to various nations, including Russia, China, Egypt, Nigeria, and Ukraine. However, many
In a dramatic turn of events, ByBit, a prominent player in the cryptocurrency exchange sector, has fallen victim to a significant hack, resulting in the loss of approximately $1.5 billion worth of assets, particularly Ethereum (ETH). This incident ranks among the most substantial breaches in digital finance history. On February 21, ByBit took to social
In recent months, the financial landscape has witnessed a remarkable surge in interest surrounding XRP exchange-traded funds (ETFs). A number of prominent financial entities, including Grayscale, Bitwise, and 21Shares, have submitted applications to establish the first spot XRP ETF in the United States. The U.S. Securities and Exchange Commission (SEC) has acknowledged these applications, a
Ethereum, the second-largest cryptocurrency by market capitalization, has been grappling with resistance at the $2,800 level for several days. Despite persistent efforts by buyers, bearish sentiment has overwhelmed the market, maintaining pressure on ETH and preventing it from breaking this key threshold. However, amidst this struggle, the demand for Ethereum remains resilient, as indicated by
In the often tumultuous world of cryptocurrency, few disputes are as charged as the ongoing clash between Bybit’s CEO Ben Zhou and the Pi Network. Zhou’s strong condemnation of Pi Network as a purported scam has garnered significant attention within the crypto community, particularly as the controversies surrounding the project intensify. This public discord exemplifies
Metaplanet, a Japanese investment firm, has made headlines with its aggressive acquisition of Bitcoin, boasting a current holding of 2,100 BTC valued at approximately $196 million. This substantial increase in their cryptocurrency investments underscores a strategic shift within the firm, emphasizing the growing importance of Bitcoin in their overall portfolio. Recently, Metaplanet acquired an additional