The Japanese cryptocurrency exchange DMM Bitcoin is set to shutter its operations by March 2025, a significant event underscoring the vulnerabilities inherent in the digital asset sector. This decision is largely prompted by a catastrophic hacking incident that bled the platform of over $300 million. As the crypto landscape grows in complexity and volume, this
Crypto
In a bold move, SecondLane—a burgeoning private markets trading platform—has made headlines by listing a 1% equity stake in the popular platform Pump.fun for an impressive $15 million. This substantial investment places Pump.fun’s fully diluted valuation at an eye-catching $1.5 billion. Users can easily purchase this stake through SecondLane’s mobile-friendly web app or via their
Ethereum Layer 2 solutions have been a topic of great interest, especially in the context of scaling Ethereum’s capabilities. Among them, Base, an initiative incubated by Coinbase, has carved a remarkable path since its mainnet launch on August 9, 2023. The platform’s meteoric rise in both user engagement and transaction volume underscores its potential to
Cardano (ADA), one of the prominent players in the cryptocurrency domain, continues to solidify its position within the top 10 cryptocurrencies by market capitalization. Following a minor setback earlier this week, ADA has shown vigorous recovery, surging over 7% in the past 24 hours. This impressive uptick signals not only a revival of interest but
In recent weeks, Shiba Inu (SHIB), the second-largest meme coin by market capitalization, has shown a relatively lackluster performance. However, a remarkable upward movement has taken place, leading to a significant breakthrough, where SHIB’s price climbed to over $0.000033—a peak not seen in several months. This surge briefly returned it to a top ten ranking
Ethereum has recently exhibited a notable rebound after approaching the critical $3,500 support level. This price point has become a focal point for traders, as it has repeatedly demonstrated its role as a strong buying zone. Following a significant surge that pushed Ethereum’s price above the $3,500 mark, the digital asset found itself in a
The rapid rise of cryptocurrency has transformed the financial landscape over recent years, particularly following its surge in popularity and adoption. As investors, young and old, increasingly turn to digital assets as part of their portfolios, recent analyses shed light on the implications of this trend on various demographics, especially within low-income households. A report
Stablecoins have increasingly captured attention within the financial landscape, currently valued at under $200 billion. This amount represents a mere 1% of the U.S. money supply and foreign exchange transactions. Despite their modest footprint today, a recent study published by Standard Chartered and Zodia Markets paints an optimistic picture. Experts involved in the research anticipate
The cryptocurrency landscape continues to evolve, particularly in the realms of decentralized finance (DeFi) and centralized finance (CeFi). November 2024 saw an alarming resurgence of hacks, which constituted an astonishing 99.96% of all reported losses. During this month, the total losses in the cryptocurrency sector amounted to $71 million, in stark contrast to the overwhelming
The landscape of cryptocurrency mining in the United States has recently faced significant turbulence due to the ongoing restrictions imposed on Antminer ASIC shipments. Key players in the bitcoin mining industry have reported substantial delays attributed to actions taken by the U.S. Customs and Border Protection (CBP). According to anonymous reports from several U.S.-based bitcoin