On February 4, 2024, Ripple encountered a significant network disruption when the XRP Ledger (XRPL) experienced an unexpected one-hour outage affecting block production. The incident took place at ledger height 93927173, and the Ripple chief technology officer, David Schwartz, provided insight into the event. He indicated that the root cause of the incident is still
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The Thailand Securities and Exchange Commission (SEC) is on the brink of a transformative development in its financial landscape with the introduction of a Distributed Ledger Technology (DLT)-based trading system for debt instruments. This initiative aims not only to modernize the debt market but also to encourage innovation within securities firms by facilitating the trading
The cryptocurrency market has been nothing short of tumultuous in recent weeks, with Bitcoin, the flagship digital asset, experiencing a sharp decline in its value. As Bitcoin’s price dipped below the significant $100,000 mark—falling as low as $92,800—many investors found themselves rattled by the market’s volatility. This downturn has instigated a wave of panic selling
The landscape of cryptocurrency exchanges has become increasingly treacherous, with WazirX emerging as a notable case study in resilience and recovery mechanisms. Following a catastrophic hacking incident that resulted in the loss of over $230 million, WazirX now finds itself at a pivotal juncture. Creditors must make a significant decision soon: either accept a proposed
In a rapidly evolving digital landscape, the intersection of technology and finance has sparked a complex conversation about cryptocurrency regulation. The recent establishment of a crypto working group under the leadership of White House official David Sacks signals a pointed move toward formalizing a regulatory framework. This initiative emerges from an executive order signed by
In the rapidly evolving world of cryptocurrency, few assets have garnered as much attention as Cardano (ADA). Recently, analysts have been closely monitoring its price movements, especially after a notable breakdown from an Ascending Channel pattern. This article delves deeper into the implications of this breakdown, identifying critical support and resistance levels while outlining potential
The cryptocurrency sphere has been rocked by dramatic shifts and high-stakes developments over the past year, particularly spotlighted by the fallout from the FTX exchange collapse. On February 18, 2024, FTX is set to initiate a distribution of funds to its smaller creditors, an action that signals important milestones in its ongoing bankruptcy proceedings. This
In recent years, the burgeoning cryptocurrency space has introduced a range of innovative financial products, including event contracts. These contracts allow traders to speculate on the outcomes of various events, from sports competitions to political elections. Notably, companies like Crypto.com and Kalshi are at the forefront of this market, offering contracts that capture the public’s
In the ever-dynamic world of cryptocurrency, price fluctuations are as common as the rising and setting sun. Recently, Bitcoin experienced a dramatic drop to $91,000, which many analysts, including Merlijn, have characterized as a “bear trap.” This terminology alludes to a strategic play within the market where pessimism lures traders into selling off their assets,
In the evolving world of decentralized finance (DeFi), the boundaries between innovation and exploitation have become increasingly blurred. In a notable case, Canadian national Andean Medjedovic has been charged with orchestrating a scheme that allegedly siphoned off approximately $65 million from two prominent DeFi protocols: Indexed Finance and KyberSwap. This indictment, unveiled by the U.S.