The financial markets have often been characterized by their unpredictable behavior, but the last six months have highlighted a particularly stark contrast between Bitcoin and gold. As Bitcoin (BTC) struggles to maintain momentum below the $100,000 mark, gold has defied expectations with a remarkable rally, nearing $3,000 per ounce, a milestone that could reshape investor
Crypto
The cryptocurrency landscape is notoriously volatile, and recent developments have cast a shadow over Bitcoin exchange-traded funds (ETFs) in the United States. Once viewed as a promising investment vehicle for mainstream investors, the enthusiasm surrounding Bitcoin ETFs appears to have waned significantly. Data indicates that February 2025 has been a particularly bleak month for these
The cryptocurrency market has been characterized by intense fluctuations, particularly following the unprecedented hack at Bybit that occurred last Friday. The price of Bitcoin (BTC) has experienced significant swings, but as of now, it rests just above the $96,000 mark. This stability comes after a tumultuous few days where market sentiment was heavily influenced by
In a significant move toward integrating digital assets into mainstream finance, Standard Chartered Bank Hong Kong (SCBHK), Animoca Brands, and Hong Kong Telecommunications (HKT) have announced a joint venture aimed at developing a stablecoin backed by the Hong Kong dollar. This collaboration marks a pivotal moment for Hong Kong as it asserts its ambition to
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
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