In the world of cryptocurrencies, stablecoins serve a pivotal role in facilitating value transfers and trading activities. Within the Tron network, Tether’s USDT has emerged as the clear frontrunner among these digital assets. Current data from CryptoQuant highlights the stark imbalance in stablecoin market share, revealing that USDT commands a staggering 98.5% of the total
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Thorchain, a decentralized exchange protocol known for its emphasis on interoperability, finds itself in a precarious position as internal disputes intensify. Central to the discord is the protocol’s handling of illicit funds, particularly spotlighted by the involvement of North Korea’s Lazarus Group in laundering stolen Ethereum (ETH) from the Bybit hack. The connection between Thorchain
Recently, the U.S. Securities and Exchange Commission (SEC) issued a noteworthy statement regarding meme coins, a subset of the burgeoning cryptocurrency market often characterized by their whimsical nature and lack of intrinsic value. In this declaration, the SEC’s Division of Corporation Finance articulated its position that meme coins do not classify as securities under the
The cryptocurrency market has faced substantial challenges in recent days, with the total capitalization falling beneath the $2.8 trillion mark. Bitcoin (BTC) has experienced a notable decline of nearly 19% over the past week, representing one of the steepest downturns in recent memory. Ethereum (ETH), often seen as Bitcoin’s primary competitor, has suffered even greater
On February 28, 2024, a significant event is set to unfold in the cryptocurrency market: approximately 58,000 Bitcoin options contracts will expire, collectively valued at around $4.7 billion. The volume of options about to lapse is notable, particularly at the month’s end, suggesting that the repercussions could be felt across various market segments. This expiry
In a striking development in the cyber realm, the FBI has formally linked the February 21 breach of cryptocurrency exchange Bybit, which resulted in a staggering loss of $1.5 billion, to the infamous Lazarus Group, a state-backed hacking operation from North Korea. This incident is not an isolated event but part of a disturbing trend
In the ever-evolving landscape of cryptocurrency, security breaches remain a significant threat, underscoring vulnerabilities within digital infrastructure. The recent hacking incident involving Bybit, which resulted in a staggering loss nearing $1.5 billion, has ignited a firestorm of criticism and scrutiny towards the entities involved, particularly Safe Wallet. This situation exemplifies the complexities and challenges faced
Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, recently shared a significant development in the ongoing struggle between cryptocurrency firms and regulatory bodies. The U.S. Securities and Exchange Commission (SEC) has officially concluded its investigation into Gemini, opting not to pursue any enforcement actions. This announcement marks a pivotal moment after nearly two years of
The cryptocurrency markets have once again found themselves in turbulent waters, largely influenced by geopolitical events. Recently, Bitcoin’s price experienced a dramatic dip below the $90,000 mark following the announcement of a proposed 25% tariff on imports from Canada and Mexico by then-US President Donald Trump. Such tariffs signal potential trade tensions, which inherently raise
Recent developments in the cryptocurrency market have sent shockwaves through investor circles, as reflected by the Bitcoin Fear & Greed Index plummeting to an alarming score of 10. This marks the lowest reading since June 2022, signaling overwhelming fear among traders and investors alike. Just a week prior, the index was at a neutral level
