As Bitcoin nears the transformational milestone of hitting six figures, its historic journey underscores a pivotal moment in the cryptocurrency landscape. This launch pad for Bitcoin, which has recently soared to approximately $98,362, not only marks a significant achievement for the asset but also indicates shifting tides within the wider crypto market. The current crypto
In a surprising turn of events, XRP has experienced a significant price surge, soaring above $1.4 following the announcement of SEC Chair Gary Gensler’s impending resignation. Scheduled to step down on January 20, 2025, the day Donald Trump is set to be inaugurated for his second term, Gensler’s exit is viewed by many within the
In an ever-changing landscape of cryptocurrency, Bitcoin remains the flagship digital asset with a storied history of dramatic price fluctuations. According to crypto analyst TechDev, Bitcoin’s upcoming price cycle could propel it to unprecedented heights, potentially reaching $139,000. This projection is grounded in historical trends observed during past U.S. presidential election cycles, which have consistently
The cryptocurrency exchange FTX, which imploded under a veil of mismanagement and financial misconduct in late 2022, is working diligently to restore order and distribute funds to its millions of affected customers and creditors. With a Chapter 11 Plan of Reorganization on the horizon, FTX aims to streamline this daunting process and ensure a fair
In a significant development for the cryptocurrency sector, a federal court has overturned the Securities and Exchange Commission’s (SEC) contentious dealer rule, marking a pivotal moment in the ongoing struggle between regulators and digital asset innovators. On November 21, the U.S. District Court for the Northern District of Texas ruled that the SEC had exceeded
The NFT ecosystem is witnessing a transformative moment as Magic Eden gears up for the launch of its highly anticipated ME token. This an unprecedented event in the realm of digital assets, with over $300 million set aside for what is expected to be one of the most significant community airdrops of 2024. For thousands
In a groundbreaking decision, a Southern District of New York Bankruptcy Judge has sanctioned Celsius Network’s proposal to utilize non-fungible tokens (NFTs) for serving legal notices amid its ongoing bankruptcy proceedings. This innovative approach is particularly significant given the complexities associated with cryptocurrency transactions and the anonymity they often afford to users. Celsius is in
In the rapidly evolving landscape of cryptocurrencies and blockchain technology, few individuals stand out as vividly as Samuel Edyme, known in the digital world as HIM-buktu. His story is one of resilience and self-discovery amidst the chaos that often characterizes the crypto realm. From an initial encounter with a Ponzi scheme to a solid footing
In November 2019, the cryptocurrency sector was rocked by a significant incident—the theft of $50 million worth of Ethereum (ETH) from Upbit, one of South Korea’s leading cryptocurrency exchanges. As investigations unfolded, it became evident that this attack was not an isolated event but rather orchestrated by notorious North Korean hacking groups. The Lazarus and
Gary Gensler’s upcoming departure from the role of Chairman of the U.S. Securities and Exchange Commission (SEC) on January 20, 2025, marks a significant juncture for the agency as it coincides with the inauguration of President-elect Donald Trump. Gensler, who has been at the helm since April 2021, described his time with the SEC as