The cryptocurrency market is notoriously volatile, often swayed by regulatory developments and the actions of industry figures. The recent announcement by Gary Gensler, the current Chair of the Securities and Exchange Commission (SEC), has sent Ripple’s XRP token soaring to new heights, exceeding $1.40 for the first time in years. On January 20, 2025, the
Crypto
In 2019, South Korea’s cryptocurrency landscape faced a significant blow with the Upbit incident, where hackers absconded with an astounding $50 million worth of Ethereum (ETH). Recent investigations have illuminated the perpetrators as members of North Korean hacking groups, Lazarus and Andariel, which are associated with the country’s intelligence agency, the Reconnaissance General Bureau. This
On November 21st, the Sui Network, a noteworthy Layer 1 blockchain, faced significant operational challenges when it encountered a failure to produce blocks on its mainnet. This led to a disruptive two-hour downtime, effectively stalling the entire blockchain operation. The roots of the issue were traced back to a bug within the transaction scheduling logic,
Celsius Network, a cryptocurrency platform that once attracted considerable attention for its ambitious financial products, is now grappling with significant insolvency challenges. The company has found itself ensnared in complex legal battles aimed at recouping funds linked to what it describes as fraudulent transfers to undisclosed digital wallets. These proceedings hint at broader concerns regarding
In the ever-evolving world of cryptocurrency, scams remain a critical issue affecting many investors and community members. The Shiba Inu (SHIB) community, known for its enthusiastic and vast following, has recently become a prime target for fraudsters looking to exploit the popularity of this meme coin. As the cryptocurrency market experiences periodic rallies, these fraudsters
Binance has recently introduced a new token, BFUSD, which has already started to generate buzz in the cryptocurrency community even before its official launch. Marketed as an alternative to traditional stablecoins, BFUSD promises an impressive annual percentage yield (APY) of 19.55%. Unlike many assets that require users to stake or lock funds to earn rewards,
In a striking case that has captured public attention, Heather Morgan, infamously known as “Razzlekhan,” has been sentenced to 18 months in prison for her involvement in laundering funds associated with the notorious 2016 Bitfinex cryptocurrency hack. Pleading guilty to conspiracy charges earlier this year demonstrates how even the most creative individuals can fall into
In a landscape shaped by rapid technological advancements and evolving regulatory frameworks, the interaction between key figures in the cryptocurrency realm and political leaders can have monumental effects. Recently, Coinbase’s CEO, Brian Armstrong, was reported to be preparing for a pivotal meeting with President-elect Donald Trump. This gathering is set to focus on essential appointments
In the world of cryptocurrency, the landscape is constantly evolving, with leaders of prominent projects often at odds due to competition. However, recent dialogues between Charles Hoskinson, the founder of Cardano, and Brad Garlinghouse, the CEO of Ripple, have sparked excitement and speculation about potential collaboration. This shift is particularly notable given Hoskinson’s previous criticisms
In the rapidly evolving world of cryptocurrency, few assets have captured the imagination quite like Bonk (BONK). After a rollercoaster ride that saw its price surge from $0.000041 to an all-time high of $0.000055, Bonk has transitioned from a once-niche memecoin to a significant player with substantial market relevance. As of Monday, the price settled