In November 2023, South Korean authorities made significant strides in the ongoing battle against cybercrime, successfully recovering 4.8 Bitcoin (BTC) that had been hijacked during the infamous Upbit exchange hack of 2019. This incident was particularly alarming, as North Korean hackers, who have been increasingly active in the cryptocurrency space, stole a staggering 342,000 Ethereum
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Ethereum, recognized as the second most significant cryptocurrency after Bitcoin, recently experienced price consolidation, hovering around $3,107. This stabilization follows a notable surge that peaked at $3,420, marking its highest value in four months. Unlike Bitcoin, which has garnered substantial investor interest and reached new all-time highs, Ethereum appears to have lagged behind in this
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The rapid rise of cryptocurrencies has brought with it significant opportunities for innovation and investment. However, it has also paved the way for opportunistic fraudsters who exploit unsuspecting individuals, particularly within vibrant communities like that of Shiba Inu (SHIB). With a sweeping landscape of misinformation and false promises, it is essential for investors and enthusiasts
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Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has entered a phase of notable consolidation since it reached a local peak of $4,446 on November 12. In contrast to Bitcoin’s vigorous growth, which has dominated recent headlines, Ethereum has shown a less enthusiastic performance. This stagnation underscores the challenges faced by ETH as it grapples
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Jesse Powell, the founder of the well-known cryptocurrency exchange Kraken, has publicly endorsed Brian Brooks, the ex-acting US Comptroller of the Currency, as a prime candidate for the position of Chair of the Securities and Exchange Commission (SEC). Through a post shared on X, Powell articulated a compelling narrative, emphasizing Brooks’ versatile expertise in financial
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Samuel Edyme, humorously nicknamed “HIM-buktu,” is not your typical content creator in the rapidly evolving world of Web3 and cryptocurrencies. His multifaceted talents encompass web3 content writing, journalism, and a budding interest in trading. His writings have graced renowned platforms like AMBCrypto, Blockchain.News, and Blockchain Reporter. But what truly sets Edyme apart from others in
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In a landscape frequently plagued by market volatility, Cardano (ADA) has emerged as a surprising beacon of resilience. The cryptocurrency recently surged to an impressive 18-month high, ultimately reaching $0.80 early on a Wednesday morning. This spike occurred despite broader downturns in the cryptocurrency market, which saw the total market capitalization dwindle by 1.2% to
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In a notable move within the cryptocurrency landscape, Binance has introduced its new token, BFUSD, which has already generated substantial buzz among investors and cryptocurrency enthusiasts. Launched with an impressive annual percentage yield (APY) of 19.55%, BFUSD aims to offer a lucrative alternative to traditional stablecoins. Unlike other assets that require staking or locking of
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