In a seismic event that has rocked the cryptocurrency world, Bybit, one of the leading exchanges, reported a significant hack that has drastically impacted the market. Initially, the cryptocurrency world was caught off guard with sudden reports of suspicious withdrawals from Bybit’s hot wallets. However, the gravity of this situation became clearer when CEO Ben
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In the ever-evolving landscape of cryptocurrency, Ethereum (ETH) has experienced a tumultuous journey since it last peaked above $4,878 over three years ago. For many investors and enthusiasts, this sustained underperformance draws a clear distinction between it and Bitcoin (BTC), which has consistently achieved new heights during various market cycles. Despite Ethereum’s second-place position in
The world of journalism is often described as a profession that never truly allows for downtime, and for individuals like Christian, this sentiment resonates deeply. His life intertwines with the rapid and turbulent developments in the cryptocurrency sector, where he spends his days interpreting market trends and financial jargon, transforming complex information into digestible articles
The recent cyberattack on the cryptocurrency exchange ByBit marks one of the largest hacks in the history of digital finance, with an estimated $1.5 billion worth of Ethereum (ETH) stolen. On February 21, the trading platform informed its users via social media that it had detected suspicious activities linked to one of its cold storage
In a strategic and transformative move, Altvest Capital Limited has positioned itself as a pioneer within the African financial landscape by becoming the first publicly traded company on the continent to incorporate Bitcoin (BTC) into its treasury. This bold step is part of a broader initiative to enhance financial resilience and safeguard shareholder interests against
Ethereum has found itself in a challenging phase, trying to regain its footing above the significant $2,800 mark. For several days, the cryptocurrency has struggled to break this crucial resistance level, resulting in an ongoing battle between buying and selling pressures. Market participants are actively watching this situation, as the potential for a future breakout
The ongoing reverberations of the FTX bankruptcy are starkly felt among the global creditor community. Over a year after the sudden demise of one of the most high-profile cryptocurrency exchanges, many individuals in countries like Russia, China, Egypt, Nigeria, and Ukraine still find themselves in limbo. Sunil Kavuri, representing the FTX Creditors’ group, has brought
In a significant development for the cryptocurrency sector, Coinbase has reached an agreement with the Securities and Exchange Commission (SEC) that may pave the way for a more stable regulatory environment. This settlement, which awaits final approval from the Commission, has resulted in Bitcoin prices surging back above $99,000, marking a moment of optimism for
In recent months, the financial ecosystem has witnessed burgeoning interest in the creation of a spot XRP exchange-traded fund (ETF) in the United States. This effort has attracted notable firms like Grayscale, Bitwise, and 21Shares, all eager to carve their names into the annals of financial history. The significance of these applications cannot be overstated;
In a bold move that underscores its commitment to cryptocurrency, Metaplanet has declared that its total Bitcoin holdings have surged to 2,100 BTC, equating to roughly $196 million. This increase follows the firm’s recent purchase of an additional 68.59 BTC for $6.6 million, completed at an average price point of $96,335. This pronouncement highlights the
