In a decisive move to strengthen its response to Russia’s ongoing aggression in Ukraine, the European Union (EU) has expanded its sanctions framework with a particular focus on cryptocurrency. The EU’s 16th sanctions package, announced on February 24, targets Garantex, a cryptocurrency exchange based in Russia. This action signifies the first instance of the EU
In an increasingly competitive blockchain landscape, Berachain has made an impressive debut since its Mainnet launch. Within just three weeks, this EVM-identical Layer 1 blockchain has outpaced established players such as SUI, Avalanche, and Arbitrum in terms of Total Value Locked (TVL), peaking at an impressive $3.27 billion. Although it experienced a slight dip thereafter,
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
Citadel Securities, a leading entity in financial trading, is reportedly gearing up for a significant dive into the cryptocurrency market, as revealed by Bloomberg News on February 24. This strategic initiative aims to enhance liquidity on prominent cryptocurrency exchanges like Coinbase, Binance, and Crypto.com. While discussions surrounding this expansion are generating buzz, it remains to
In the ever-fluctuating world of cryptocurrency, Bitcoin, the leading digital currency, finds itself grappling with increasing market volatility. Analysts and traders alike are meticulously observing the cryptocurrency market landscape, with many suggesting that a substantial price decrease seems imminent. Recent commentary from crypto strategist Hamed_AZ on TradingView offers insight into potential future price movements for
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 the often-volatile landscape of cryptocurrency, exchanges frequently walk a tightrope between trust and turmoil. OX.FUN, a derivatives exchange linked to the infamous Three Arrows Capital founders Su Zhu and Kyle Davies, presently finds itself at the nexus of controversy. Emerging allegations of financial misconduct have not only sparked debates within the crypto community but
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,
