In recent weeks, Bitcoin has faced substantial volatility, with its value plunging by 9.8% in just one week. This decline has instilled a sense of apprehension among investors, many of whom are bracing for potential further declines in cryptocurrency prices. With Bitcoin’s notorious ups and downs, cautious approaches are becoming increasingly evident across the investment
Crypto
With the appointment of Bo Hines, a former college football player, as the executive director of the Presidential Council of Advisers for Digital Assets, the United States is stepping into a new era concerning the regulation and promotion of cryptocurrencies and digital assets. This council, recently revealed by President-elect Donald Trump, aims to align itself
The landscape of the European cryptocurrency market saw a significant transformation in 2024, particularly influenced by the ascent of euro-backed stablecoins. These digital tokens have become pivotal in reshaping the investment landscape, primarily due to the enactment of the Markets in Crypto-Assets Regulation (MiCA). As institutional investors flocked to this burgeoning sector, the stability offered
The conviction of Mohammed Azharuddin Chhipa has shed light on the increasingly complex and troubling intersection of cryptocurrency and terrorism financing. On December 13, 2024, Chhipa was found guilty of providing material support to the infamous terrorist organization, ISIS, a designation made by international entities including the United Nations. His actions, spanning three years from
The South Korean political landscape has been rocked by the legal troubles of Kim Nam-guk, a former lawmaker of the Democratic Party. Emerging allegations suggest that Kim failed to disclose significant cryptocurrency assets in his financial declarations for the years 2021 and 2022. Reports indicate that he concealed an estimated 9.9 billion won—approximately $6.8 million—in
As 2024 comes to a close, the implications of cyber threats on the cryptocurrency sector have never been more glaring. Cyvers, a notable player in web3 security, has unveiled a detailed report outlining the extensive financial ramifications of cybercrime over the year. Shocking statistics reveal that the industry sustained losses exceeding $2.36 billion in connection
As the cryptocurrency landscape continues to evolve, so too do the strategies employed by institutions looking to embrace this innovative technology. A recent survey conducted by P2P.org—a prominent blockchain infrastructure provider—illuminates the complexities and hurdles that organizations are encountering on their journey to adopt cryptocurrency. With insights gathered from over 15 institutional players, including intermediaries,
Ripple’s XRP has found itself at the mercy of a turbulent cryptocurrency market, experiencing a substantial downturn recently. The token initially surged impressively, climbing from below $2.4 to over $2.7 thanks to the positive news surrounding the launch of its long-awaited stablecoin. This initial enthusiasm was swiftly undermined by a broader market collapse, leading to
Cango Inc., a car dealership based in Shanghai, has made headlines with its surprising pivot into Bitcoin (BTC) mining. With a hefty investment of $256 million, the company acquired an impressive hashrate of 32 exahashes per second (EH/s) from Bitmain Technologies. This transition not only underscores the dynamic nature of the cryptocurrency market but also
CyberKongz is a prominent player within the realm of gaming-based non-fungible tokens (NFTs), and its recent encounter with the U.S. Securities and Exchange Commission (SEC) raises significant questions about the regulatory landscape for digital assets. Originally launched with the intent to revolutionize how players engage with gaming and NFTs together, CyberKongz’s innovative approach has captured