Ho Kai Xin, a former employee at WeChain Fintech Singapore, has become a case study in corporate fraud following her sentencing to nearly ten years in prison for embezzling an astonishing $5.7 million. Her role was ostensibly that of a payroll processor, managing the salaries of around 900 employees at Bybit Fintech. However, the tools
Crypto
The cryptocurrency community is reeling from what is potentially the most significant hack in its history, which has sent ripples across the market and implications for investors worldwide. Recent events surrounding Bybit, one of the largest cryptocurrency exchanges, reveal a staggering breach that saw approximately $1.4 billion in Ethereum (ETH) siphoned away through a nefarious
In a pioneering development, Altvest Capital Limited has emerged as the first publicly traded company in Africa to integrate Bitcoin into its treasury management practices. This strategic maneuver marks a significant shift in the financial landscape of the continent, showcasing the growing acceptance and legitimacy of cryptocurrencies in institutional investment circles. By embracing Bitcoin, Altvest
In recent months, there has been a notable surge in the number of companies vying to launch the first spot XRP exchange-traded fund (ETF) in the United States. Industry players such as Grayscale, Bitwise, and 21Shares have emerged as significant contenders in this market. This development has not gone unnoticed by the U.S. Securities and
Metaplanet has made headlines by announcing that its Bitcoin holdings have soared to 2,100 BTC, translating to a staggering $196 million in value. Just recently, the firm made a notable strategic move by purchasing an additional 68.59 BTC at a hefty price tag of $6.6 million, which averages out to a striking $96,335 per Bitcoin.
In a bold statement, Bybit CEO Ben Zhou has reiterated his strong opposition to Pi Network, explicitly labeling it a scam. This assertion is grounded in a series of controversial actions and claims that have emerged around Pi Network, stirring significant debate within the cryptocurrency community. Zhou’s refusal to list Pi Network’s token on Bybit
Brazil has etched its name into the annals of cryptocurrency history by becoming the first nation to approve a spot XRP exchange-traded fund (ETF). This momentous decision represents more than just a financial product; it signifies Brazil’s burgeoning stature in the global crypto landscape. The ETF, spearheaded by fund management company Hashdex, is set to
In the tumultuous realm of cryptocurrency, two assets have been gaining considerable attention: Dogecoin (DOGE) and XRP. Renowned crypto analyst Ali Martinez has projected optimistic developments for these digital currencies, suggesting that they could soar by approximately 25%. Martinez observes that DOGE is on the brink of a significant breakout from a symmetrical triangle pattern
Bitcoin, the pioneering cryptocurrency, finds itself in a precarious balance between buying and selling pressures as it traverses the market landscape. This state of equilibrium has engendered a notable degree of uncertainty regarding its future price trajectory. Unlike the highly volatile price movements that characterized earlier phases, Bitcoin is currently engulfed in a period of
As institutional interest in Bitcoin strengthens, recent analyses reveal a growing but measured involvement among large investment firms. As of late 2024, 1,573 entities have been identified as holding Bitcoin, according to insights from Sam Callahan, a Bitcoin analyst. These institutions, inclusive of hedge funds, family offices, and pensions, have submitted 13F filings to the