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
Crypto
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
Bitcoin, the pioneering cryptocurrency, showcased significant price movement last week in response to US inflation figures, climbing to a pivotal position above $66,500 — a level not seen since the beginning of August. This surge can be attributed to a recovering sentiment in the market after the Federal Reserve’s significant rate cut implementation on September
In a significant escalation of international efforts to combat cybercrime, U.S. authorities have leveled serious accusations against two Russian citizens, Sergey Sergeevich Ivanov and Timur Shakhmametov. They are alleged to have operated a cryptocurrency money laundering service that facilitated a slew of cybercriminal activities emanating from Russia. This case exemplifies the ongoing struggle between law
Bitcoin has recently shattered a significant price milestone, aiming for unprecedented heights. The cryptocurrency, long characterized by its volatility, is displaying a renewed uptrend as it bursts past the crucial $64,000 mark. This movement is not merely a fleeting moment but rather a foundational shift, highlighted by Bitcoin’s position above its 200-day moving average, which
In an environment increasingly shaped by technological advancements, the emergence of digital currencies has become a significant theme in contemporary political discourse. Following the recent developments concerning Kamala Harris’s classification by Stand With Crypto, a digital asset advocacy group linked to Coinbase, it is evident that the intersection of politics and cryptocurrency is fraught with
Ethereum, a groundbreaking blockchain platform, currently stands at a pivotal junction, where its capabilities and utility are increasingly defined by two primary elements: marketplaces and stablecoins. A recent report by CoinShares highlights this phenomenon, indicating that these components collectively represent just over half of Ethereum’s active use cases. The dominance of decentralized finance (DeFi) protocols
