In the evolving landscape of cryptocurrency, the Tron network has carved out a significant niche for itself, particularly in the realm of stablecoins. At the forefront of this evolution is Tether’s USDT, which has emerged as the undisputed leader within the Tron ecosystem. An analysis provided by CryptoQuant reveals that a staggering 98.5% of the
Crypto
In a week defined by drastic fluctuations, Bitcoin has captured the market’s attention once again. After its plunge to a striking low of $78,200, the leading cryptocurrency managed to rebound, gaining approximately $7,000 shortly thereafter. This upward shift was a refreshing change amidst the chaos that enveloped the crypto market, particularly following Bitcoin’s challenge of
Thorchain, a decentralized exchange (DEX) that emphasizes interoperability, is at a crossroads as key developers depart due to escalating tensions regarding its handling of potentially illicit funds. The urgency surrounding this issue has been magnified by findings related to North Korea’s Lazarus Group—alleged perpetrators of hacking—utilizing the platform to launder stolen Ethereum from the Bybit
In a significant shift in regulatory perspective, the US Securities and Exchange Commission (SEC) has issued a statement through its Division of Corporation Finance regarding the classification of meme coins within the framework of federal securities laws. Traditionally viewed as potentially falling under strict securities regulations, meme coins are now being distinguished as distinct from
Over the last week, the cryptocurrency market has experienced a pronounced downturn, causing the total market capitalization to dip below the critical figure of $2.8 trillion. Bitcoin (BTC) bears the brunt of this decline, showing a staggering 19% decline over the past seven days. Ethereum (ETH), its closest competitor, has fared even worse, with prices
On Friday, February 28, a significant expiration of Bitcoin options contracts is set to occur, with approximately 58,000 contracts valued at a staggering $4.7 billion. This expiry is particularly noteworthy, as it aligns with the end of the month, a predictable phenomenon that often leads to heightened market activity. However, despite the large volume of
The cryptocurrency sector has long been a playground for hackers, but the recent attack on Bybit—attributed to the notorious Lazarus Group—highlights an alarming escalation in cyber threats. With over $1.5 billion siphoned off from its cold wallets, the incident that transpired on February 21, 2023, not only represents a staggering loss but also showcases a
In a notable turn of events for the cryptocurrency market, Cameron Winklevoss, co-founder of the Gemini cryptocurrency exchange, announced that the U.S. Securities and Exchange Commission (SEC) had concluded its investigation into the platform without pursuing enforcement actions. This decision arrives almost two years after the investigation was initiated and comes in the wake of
The recent Bybit hack has put the crypto community on high alert, especially after significant figures, including former Binance CEO Changpeng Zhao, voiced their concerns regarding the adequacy of the post-mortem update released by Safe Wallet. This incident highlights not only the vulnerabilities within digital wallet infrastructures but also raises questions about operational integrity among
The cryptocurrency market, particularly Bitcoin, is known for its extreme volatility, which can be significantly affected by external political and economic factors. A recent instance was marked by an abrupt drop in Bitcoin’s price below the $90,000 threshold, triggered by U.S. President Donald Trump’s announcement of proposed tariffs on Canada and Mexico. Tariff announcements are