In recent days, Bitcoin has demonstrated remarkable volatility, recently peaking at around $63,400 before settling slightly lower at approximately $62,700. Despite this minor retracement, the cryptocurrency has still shown an impressive 4% increase over the last 24 hours. What’s particularly striking is that Bitcoin’s rally has eclipsed the performance of other major cryptocurrencies, which have
Crypto
At 86 years old, David Kagel, a former attorney, found himself at the center of a damaging cryptocurrency Ponzi scheme that ensnared numerous unsuspecting investors. Sentenced to five years of probation on October 8, 2023, Kagel was also ordered to repay $14 million to his victims. This case illustrates the potential for deceit in the
Fidelity Investments, a major player in the global asset management industry, experienced a significant data breach in August 2024 that has raised concerns about customer data security. The breach, which took place over a span of three days from August 17 to August 19, has apparently compromised sensitive information belonging to over 77,000 customers. During
The ongoing case against Binance, the world’s largest cryptocurrency exchange, highlights the complexities and uncertainties surrounding regulatory frameworks in emerging markets like Nigeria. For months, Tigran Gambaryan, Binance’s head of financial crime compliance, has found himself ensnared in a legal battle fraught with allegations of serious financial misconduct. The fact that he has remained in
As we approach Friday, October 11, the cryptocurrency market braces for the expiration of approximately 18,800 Bitcoin options contracts, which collectively hold a staggering nominal value of around $1.1 billion. The implications of such an event on market dynamics are intriguing but can also lead to market speculation and volatility. This expiry mirrors last week’s
In a significant move to enhance its trading services, Binance, one of the world’s leading cryptocurrency exchanges, has introduced trading bot services for three pairs: PEPE/FDUSD, SUI/FDUSD, and EIGEN/TRY, while also removing several existing pairs with low liquidity. This dual approach reflects the exchange’s strategy of optimizing its trading ecosystem while expanding customer options, albeit
In a tumultuous two-week period, Shiba Inu (SHIB) has witnessed a 13% decline in its market value, reflecting a growing unease among investors. Despite an upward push following a brief uptick, the coin is still struggling to maintain its footing. This downturn is compounded by a confluence of negative indicators, including tepid network expansion and
The cryptocurrency market is known for its unpredictable fluctuations, and Bitcoin (BTC) is no exception. As we approach the end of October, often referred to as “Uptober,” traders and investors are watching the charts closely. Historically, this month has been favorable for BTC, but the current scenario tells a different story. Trading just below $61,000,
In a significant leap toward modernizing the management of digital assets, Ripple has unveiled several important updates to its custody platform—Ripple Custody. As the demand for secure and reliable cryptocurrency management continues to surge across global markets, Ripple is positioning itself at the forefront of this burgeoning sector. The enhancements are designed not just to
Bitcoin, the most prominent cryptocurrency, is experiencing significant fluctuations that have implications for investors and traders alike. Recently, the digital asset faced a notable rejection at the $66,000 mark which has resulted in a shift in market sentiment towards the bearish end of the spectrum. Understanding the nuances of these developments is vital for stakeholders