In a striking example of the evolving landscape of cybercrime, a young man from Lebanon, Indiana, is facing serious repercussions for his role in a significant cryptocurrency theft totaling over $37 million. Evan Frederick Light, just 21 years old, recently pleaded guilty to charges of conspiracy related to wire fraud and money laundering in a
Crypto
In the unpredictable realm of cryptocurrency, Bitcoin has once again demonstrated its sensitivity to global events. Following the Iranian missile strike on Israel on October 1, Bitcoin’s price experienced a dramatic decline, plummeting nearly $4,000 within a 24-hour timeframe. Initially trading just above $64,000, it fell to just above $60,000, before making a slight recovery
In recent years, the cryptocurrency landscape has experienced significant transformations, both globally and within China. The 2024 Tsinghua PBC Chief Economist Forum saw former Vice Minister of Finance Zhu Guangyao calling for a critical reevaluation of China’s stance on digital currencies. Notably, Zhu highlighted the shifting dynamics of international policies toward cryptocurrencies, particularly in the
September 30 marked a challenging day for the cryptocurrency market, with major players like Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) all experiencing notable declines. Dogecoin (DOGE) and Shiba Inu (SHIB) faced even harsher losses, demonstrating the pervasive bearish sentiment that has gripped the market. Despite this widespread downturn, Ripple’s XRP managed to stand
In a significant move reflecting its cautious approach towards cryptocurrency investments, Taiwan’s Financial Supervisory Commission (FSC) has rolled out a new policy permitting professional investors to engage with foreign cryptocurrency exchange-traded funds (ETFs) via local brokerages. This decision reinforces the government’s commitment to fostering an investment environment that balances innovation with investor protection. The new
Cryptocurrency is a rapidly evolving sector rife with opportunities as well as pitfalls. Recently, WalletConnect issued an alarming warning about a fraudulent app that masqueraded as a legitimate crypto tool—and the consequences were severe. With over $70,000 worth of digital assets reportedly siphoned off from unsuspecting victims, this incident serves as a powerful reminder of
On September 27, Bitcoin (BTC) managed to bounce back to a price of $66,500—the highest it had reached since late July. This temporary surge invigorated investors, leading to increased optimism within the cryptocurrency community. However, this excitement was short-lived; shortly after climbing to this notable figure, Bitcoin’s value plummeted below $64,000. At the time of
In a striking example of collaboration between public authorities and private entities, Binance, the world’s largest cryptocurrency exchange, has reportedly played an instrumental role in a significant crackdown on a fraudulent online gaming platform in India. The scheme, related to an app named Fiewin, is alleged to have defrauded users out of over ₹400 crore
The cryptocurrency market is constantly evolving, defined by various metrics that gauge user engagement and operational activity. One of the most telling statistics is the number of daily active addresses, a measurement that reflects how many unique wallets are interacting on a blockchain. Recent insights from IntoTheBlock, a prominent market intelligence platform, have shed light
In recent weeks, the cryptocurrency market, particularly the segment focused on spot Bitcoin exchange-traded funds (ETFs), has demonstrated a remarkable upswing. US investors have seemingly shifted gears, exhibiting a fervent appetite for spot Bitcoin ETFs, with an astounding $1 billion injected into 11 US-based funds over the course of just one trading week. This surge
