The cryptocurrency landscape has experienced a significant downturn recently, with the overall market capitalization falling beneath the $2.8 trillion mark. Bitcoin (BTC) has taken a considerable hit, observing a dramatic 19% decrease over the past week. Ethereum (ETH), a primary competitor in the market, has encountered even steeper losses, with prices briefly falling below the
Crypto
On February 28, the cryptocurrency market is set to witness the expiry of around 58,000 Bitcoin options contracts, which carry a staggering notional value of approximately $4.7 billion. This particular expiry is noteworthy as it aligns with the end of the month, typically a period characterized by heightened market activities. However, analysts predict that the
In the realm of digital finance, a formidable adversary has emerged that poses a significant threat to cryptocurrency exchanges and users alike: North Korea’s Lazarus Group. This state-sponsored hacking collective has once again made headlines following the audacious $1.5 billion cyberattack on the cryptocurrency exchange Bybit. This incident, which unfolded on February 21, involved a
The recent announcement from Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, marks a pivotal moment for the crypto industry. The U.S. Securities and Exchange Commission (SEC) has closed its extensive investigation into the exchange, leading to the decision not to pursue any enforcement actions. While this should be welcomed as a relief for Gemini,
The recent hack involving Bybit and Safe Wallet has sent shockwaves through the cryptocurrency community, not only because of the staggering loss estimated at nearly $1.5 billion but also due to the revelation of fundamental flaws in security protocols. Former Binance CEO Changpeng Zhao (CZ) has voiced his concerns regarding Safe Wallet’s analysis of the
The cryptocurrency market, particularly Bitcoin, has been experiencing tumultuous price swings, a reflection of broader economic concerns. Recently, Bitcoin’s value fell beneath the $90,000 mark following President Donald Trump’s announcement regarding a substantial 25% tariff on goods from Canada and Mexico. This event triggered a wave of uncertainty across financial markets, prompting investors to reassess
The Bitcoin Fear & Greed Index has recently reached an alarming low of 10, marking a significant downturn in investor sentiment. This measurement, which evaluates the emotional state of the cryptocurrency market, has plunged from a neutral position of 49 in just a week, illustrating a drastic shift towards extreme fear. Such a sentiment can
Recent trends in the cryptocurrency market have painted a stark picture, as Bitcoin (BTC) plunged to a troubling new low of $82,000. This drastic decrease has caught the attention of both seasoned investors and newcomers alike, indicating a potential shift in market dynamics. The volatility surrounding Bitcoin is not merely a passing phase; rather, it
In a remarkable twist amid the turmoil within the decentralized finance (DeFi) sector, Jupiter Exchange has made headlines by achieving second place in daily fee rankings, only behind the mammoth stablecoin issuer, Tether. Generating an impressive $2.73 million in just 24 hours, Jupiter has outperformed notable competitors like Pump.fun and even established brands like Uniswap
The legal confrontation between Ripple Labs and the United States Securities and Exchange Commission (SEC) has persisted for over four years, captivating the attention of the cryptocurrency community and legal analysts alike. This lawsuit, which stems from the SEC’s allegation that Ripple illegally sold unregistered securities through its XRP token, has become emblematic of the