In an effort to navigate the overwhelming economic challenges that have burdened Syria for over a decade, the Syrian Center for Economic Research (SCER) has put forth a transformative proposal aimed at legalizing Bitcoin and digitalizing the Syrian pound. This approach reflects a significant departure from traditional monetary practices and is designed to lay the
Crypto
As the year draws to a close, the infamous figure known as the “Blockchain Bandit” has resurfaced, signaling alarming developments in the world of cryptocurrency. On December 30, this enigmatic entity consolidated a staggering 51,000 ETH—valued at roughly $172 million—into a singular multisig wallet. This latest move was unveiled by blockchain investigator ZachXBT, who discovered
On December 31, a notable initiative took root in Switzerland, proposing an audacious adjustment to the Swiss National Bank’s (SNB) reserve strategy by including Bitcoin as part of its asset portfolio. Spearheaded by a coalition of ten Bitcoin proponents, including influential figures such as Giw Zanganeh of Tether and Yves Bennaïm from the think tank
The Bitcoin market has long been influenced by cyclical patterns, notably showing a tendency toward positive seasonality during the latter parts of halving years. However, recent developments indicate a notable shift in this trend, as reflected in Bitcoin’s price trajectory and market activity in the last fortnight. This downturn can be attributed to a deceleration
The cryptocurrency market is continually shifting, with various factors influencing the rise and fall of different coins. Shiba Inu (SHIB), originally launched with an astronomical supply of one quadrillion tokens, is a quintessential example of how a meme coin can capture the interest of investors and enthusiasts alike. A significant element contributing to SHIB’s recent
Ethereum’s journey throughout 2024 has been marked by underwhelming growth, with the cryptocurrency experiencing only a 47% increase. In stark contrast, Bitcoin has outperformed expectations, soaring over 120% to attain a record high in mid-December. This evident discrepancy raises questions about Ethereum’s market positioning and investor sentiment. Many in the crypto sphere anticipated a resurgence
The cryptocurrency landscape is rife with challenges, especially as regulatory scrutiny increases. Among those caught in the crosshairs are the developers of Tornado Cash, a crypto mixing protocol embroiled in allegations of facilitating illicit activities. In a remarkable show of support, Ethereum co-founder Vitalik Buterin has significantly contributed to the legal defense of the Tornado
As the cryptocurrency market ebbed and flowed throughout 2024, Ripple’s native token, XRP, seemed to lead a rather mundane existence. The year started without any significant volatility, with the asset languishing within a narrow trading range, oscillating between $0.4 and $0.6. From the onset, it appeared that XRP was set to continue its lackluster trajectory,
The cryptocurrency market remains notorious for its volatility, and recent trends have exemplified this characteristic. Following a dramatic surge that saw Bitcoin reach an impressive peak of $96,000, it became evident that the momentum was unsustainable. Within just hours, the digital asset suffered a sharp decline, erasing several thousand dollars from its value. This scenario
The cryptocurrency landscape continues to evolve, frequently marked by fluctuations and notable shifts in market dynamics. Recently, Binance, one of the leading cryptocurrency exchanges, achieved a remarkable milestone—its stablecoin reserves soared to an unprecedented $31 billion. This spike is not merely a numerical achievement but signifies a broader resurgence in investor confidence and market activity,
