The cryptocurrency market is notoriously volatile, and recent trading patterns highlight this characteristic yet again. As of Monday, certain prominent cryptocurrencies such as Ethereum, Dogecoin, and Avalanche experienced downward movements, primarily attributed to a couple of hourly red candles that flashed during the trading day. However, none suffered as severe a decline as XRP, which
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The ongoing conflict between decentralized finance (DeFi) advocates and government regulators has reached a critical juncture, particularly in the context of regulatory frameworks that threaten to hinder innovation within the space. Michele Korver, the head of regulation at A16z Crypto, has articulated a staunch opposition to new broker reporting rules issued by the US Treasury
MicroStrategy, the world’s leading corporate holder of Bitcoin, continues to make significant strides in the crypto space by recently investing an astonishing $209 million to procure an additional 2,136 BTC. This transaction marks the eighth consecutive week of purchases made on Mondays, solidifying the company’s position as a major player in Bitcoin investment. To date,
The anticipated Santa Claus rally, characterized by price surges in the cryptocurrency market during the holiday season, seems to be a mere illusion this year. Bitcoin, the leading digital asset, has witnessed a significant downturn, plunging below the $94,000 mark. This sharp decline has come in tandem with a widespread downturn among altcoins, further amplifying
The realm of Real-World Assets (RWA) within decentralized finance (DeFi) has witnessed an unprecedented expansion over the last three years, marked by a staggering 58-fold increase in valuation. As of recent reports from DeFiLlama, the total value locked (TVL) in this sector has reached a historic high of approximately $8.2 billion, showcasing an astonishing surge
South Korea stands at a pivotal juncture in the world of cryptocurrency, experiencing an unprecedented wave of adoption among its citizens. A recent report indicates that over 15.5 million South Koreans, accounting for approximately 30% of the nation’s population, are now engaged in holding digital assets. This represents an increase of 610,000 individuals since last
The heart-wrenching story of a young girl diagnosed with a rare brain tumor has become a beacon of hope for both her family and the broader community working to combat rare diseases. Siqi Chen, the girl’s father and CEO of the startup finance platform Runway, has made an extraordinary commitment of $1 million toward funding
The cryptocurrency market is currently experiencing a significant decline in trading volumes, particularly over the weekend. This stagnation signifies a period of minimal price fluctuations. While Bitcoin (BTC) appears to be trapped within a particular range, many altcoins have shown resilience, bouncing back from the sharp corrections observed earlier. For instance, Ethereum (ETH) has reclaimed
As 2024 comes to a close, XRP has experienced notable volatility and investor sentiment shifts. Initially, following the significant political changes in the United States, particularly with the Republican victory under Donald Trump, we observed a surge in various cryptocurrencies. During this period, XRP, which had been languishing around $0.60, saw a remarkable rally that
In a troubling incident that raises significant concerns over online security in the cryptocurrency space, Animoca Brands, a leader in the blockchain gaming industry, found itself at the center of a hack involving its co-founder and chair, Yat Siu. His X account was compromised, leading to an elaborate phishing scheme where attackers promoted a fraudulent