As of now, the cryptocurrency landscape remains tumultuous, with Ethereum (ETH) grappling below the crucial $2,800 mark. Despite being the second-largest cryptocurrency by market capitalization, ETH has not followed Bitcoin’s bullish trends in recent months. The asset’s depreciation of 24% over the past 30 days has left investors perplexed and concerned about its future trajectory.
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On February 4, 2025, Ripple’s XRP Ledger (XRPL) experienced a significant yet brief outage that disrupted block production for approximately one hour at the ledger height of 93,927,173. As Ripple’s Chief Technology Officer David Schwartz later observed, the root cause of this disruption remained unclear, but the system managed to recover autonomously without necessitating substantial
Thailand’s financial landscape is undergoing a transformation as the Securities and Exchange Commission (SEC) gears up to implement a Distributed Ledger Technology (DLT)-based trading system for debt instruments. This innovative initiative aims to empower securities firms to engage more actively in digital token trading, thereby enhancing the overall efficiency and accessibility of the capital market.
The recent indictment of 22-year-old Andean Medjedovic has sent shockwaves through the cryptocurrency community, drawing significant attention to the vulnerabilities within decentralized finance (DeFi) protocols. U.S. authorities allege that Medjedovic illegally siphoned off around $65 million from two prominent DeFi platforms—Indexed Finance and KyberSwap—between 2021 and 2023. This hefty sum, which could have supported legitimate
In a notable turn of events, both Crypto.com and Kalshi find themselves at the center of a regulatory examination by the Commodity Futures Trading Commission (CFTC). The agency’s inquiry seeks clarification on how the recent event contracts related to the Super Bowl comply with existing derivatives regulations. This scrutiny is crucial as it highlights the
In its nearly six-year existence, Pi Network has continuously turned heads within the cryptocurrency space, primarily due to its unique approach to mining and community engagement. Despite the significant anticipation, users are still waiting for the much-lauded launch of its native token and an open mainnet. A critical factor in this delay has been the
In a surprising series of twists, Bitcoin’s valuation recently took investors on an emotional rollercoaster. The primary cryptocurrency experienced an astonishing decline of over $10,000, dropping from a high of $102,000 to a shocking low near $91,300 within just 24 hours. Such volatility serves as a stark reminder of the unpredictable nature of the cryptocurrency
In a bold move to navigate through its financial challenges, THORChain’s governance body has successfully passed Proposal 6. This significant decision aims to address a staggering debt crisis estimated at nearly $200 million. Rather than pursuing traditional funding routes, the proposal revolves around a unique strategy that converts defaulted debt into TCY (Thorchain Yield) equity
Elon Musk, a figure renowned for his provocative opinions and entrepreneurial exploits, has turned his attention to the U.S. Department of the Treasury. As the prominent head of President Trump’s Department of Government Efficiency (D.O.G.E.), Musk recent remarks have raised eyebrows and sparked heated debates regarding government efficiency, accountability, and the integration of technological solutions.
The cryptocurrency landscape has recently encountered significant turbulence, with Ripple’s XRP experiencing one of the more dramatic price fluctuations. Following a notable rise in the previous months, many investors might have anticipated a continuation of that upward trajectory. Instead, on February 3, the market plunged, pushing XRP’s price down to below $2 for the first
