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
Crypto
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 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
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
In a landmark move for the cryptocurrency landscape, Brazil has distinguished itself as the first nation to greenlight a spot XRP exchange-traded fund (ETF). This development, managed by the innovative financial firm Hashdex, positions Brazil as a pivotal player in the global crypto market. Scheduled for trading on the B3 stock exchange, this newly approved
Bitcoin is currently entrenched in a phase of indecision, where the forces of supply and demand appear to be offsetting one another. This delicate balance has led to a lack of significant price movement, with the cryptocurrency exhibiting only minor fluctuations. Traders are left anxious, as the absence of decisive shifts suggests a critical need
In the unpredictable world of cryptocurrency, two tokens, Dogecoin (DOGE) and XRP, have captured analyst attention due to their potential for substantial price movement. Recently, crypto analyst Ali Martinez provided insights indicating that both tokens could increase by approximately 25%. However, this potential rally is not assured given the complexities underlying the current market conditions,
As of the end of 2024, the world of Bitcoin is witnessing a significant yet cautious entry by institutional investors. According to a thorough analysis by Bitcoin educator and analyst Sam Callahan, there are currently 1,573 institutions with long-term exposure to Bitcoin. These findings, derived from a critical examination of 13F filings submitted to the
In recent months, Solana has emerged as a prominent player in the blockchain ecosystem, attracting both admirers and detractors. Amidst concerns about rampant speculation and the proliferation of meme coins, figures like Mert Mumtaz, CEO of Helius Labs, have stepped forward to advocate for the platform. The ongoing debate surrounding Solana compels us to critically