In a staggering event for the cryptocurrency sector, the stablecoin-focused digital bank Infini has fallen victim to a significant security breach, which has led to the loss of over $49 million in USDC. The incident, traced back to the effective misuse of administrative privileges retained by a former developer, highlights not only the inherent vulnerabilities
Crypto
As Bitcoin finds itself below the pivotal 100-day moving average, currently hovering around $98,000, the cryptocurrency stands at a significant juncture. The downward shift indicates increased selling pressure but, paradoxically, a lack of overwhelming bearish momentum suggests that the market remains tepid. This aspect implies that investors are adopting a wait-and-see approach, potentially leading to
In recent days, the cryptocurrency market has witnessed a notable decline in Bitcoin’s price, which dipped below the critical threshold of $96,000 after a seemingly stable period over the weekend. This downward trajectory has not only impacted Bitcoin (BTC) but has also sent shockwaves through the altcoin market, with various significant assets such as Solana
Recent data from various economic reports have begun to highlight significant vulnerabilities within the US economy. Among these alarming trends is the service-sector Purchasing Managers’ Index (PMI), which has sunk to its lowest point in over two years. This decline raises red flags not only regarding the health of service industries but also suggests broader
As the landscape of digital currencies evolves, the need for innovation within the stablecoin sector becomes increasingly pronounced. With Tether (USDT) and Circle’s USDC currently dominating the market, new competitors are striving to carve out their niche. Among these, Pi Protocol, co-founded by Tether collaborator Reeve Collins, is making waves with its forthcoming decentralized stablecoin,
Historically, older adults have been the primary victims of financial fraud due to their limited technological skills and trustful nature. However, recent trends highlight a dramatic shift in the demographic profile of scam victims, largely influenced by the rise of digital financial systems. Recent studies reveal that individuals aged between 30 to 49 are now
In recent months, Bitcoin (BTC) and gold have charted strikingly different courses in the financial landscape. While gold is soaring ever closer to the $3,000 per ounce milestone, Bitcoin has become ensnared below the $100,000 mark. This divergence raises questions about the future of cryptocurrency as gold solidifies its role as a safe haven asset
The cryptocurrency market is often depicted as a realm of fluctuating fortunes, driven by investors’ sentiments and regulatory landscapes. Recently, however, a stark phenomenon has emerged surrounding Bitcoin exchange-traded funds (ETFs) in the U.S. The once-thriving demand for these financial products has plummeted, particularly evident in February 2025, which has turned into a month marked
The recent turmoil in the cryptocurrency sector, particularly following the Bybit hack, has spotlighted the dramatic nature of digital asset trading. After a roller-coaster of price fluctuations, Bitcoin (BTC) stabilized just above the $96,000 mark after plummeting post-hack. Such volatility highlights the inherent risks and uncertainties in the crypto market, emphasizing the need for traders
In a significant move to enhance the digital finance landscape, Standard Chartered Bank Hong Kong (SCBHK), Animoca Brands, and Hong Kong Telecommunications (HKT) have announced a strategic partnership to establish a joint venture (JV) centered on developing a Hong Kong dollar-backed stablecoin. This collaboration underscores a growing commitment to embrace blockchain technology while positioning Hong
