Ethereum, recognized as the second-largest cryptocurrency by market capitalization, finds itself in a challenging position as it struggles to maintain a price above $2,800. Over the past month, Ethereum (ETH) has experienced a notable decline of around 24%, trailing behind its larger counterpart, Bitcoin (BTC), and many other digital assets during this recent bull cycle.
The advent of decentralized finance (DeFi) has disrupted traditional financial systems, empowering individuals with direct control over their assets and transactions. However, with this newfound freedom has come a myriad of legal challenges. One such issue is the liability of developers of DeFi protocols for the actions of users interacting with their software. The DeFi
On February 4, the XRP Ledger (XRPL) encountered a one-hour outage that disrupted the normal functioning of the network at block height 93927173. This disruption was significant enough to halt block production, raising questions among users and stakeholders regarding the network’s stability. David Schwartz, the Chief Technology Officer of Ripple, described the incident as perplexing,
The fate of WazirX, once India’s leading cryptocurrency exchange, hangs in the balance as its creditors weigh a crucial decision. In the coming weeks, they will vote on a restructuring plan that could allow for compensation by April 2025, or choose a path fraught with risks of protracted losses extending into 2030. This pivotal moment
The cryptocurrency realm is infamous for its unpredictability, and Bitcoin, as the flagship digital currency, often embodies this volatility. Recently, it has faced a tumultuous drop in value that has rattled the confidence of many investors. Achieving record highs only months ago, Bitcoin’s price has struggled to maintain its status, with market dynamics causing concern
The realm of cryptocurrency and digital assets has experienced tremendous growth in recent years, prompting governments worldwide to reevaluate their regulatory frameworks. In the United States, the emergence of digital currencies like Bitcoin (BTC) has sparked significant discussions about appropriate oversight and management, especially under the current administration led by President Donald Trump. The designation
In the ever-evolving landscape of cryptocurrency trading, Cardano (ADA) has recently experienced a notable price shift that has caught the attention of analysts and investors alike. Cardano, a prominent player in the blockchain space, has navigated through an Ascending Channel—a chart pattern characterized by rising price levels bounded by two upward-sloping parallel lines. This pattern
The Thailand Securities and Exchange Commission (SEC) is poised for a transformative leap into the future of finance with its plans to pioneer a blockchain-based trading system for debt instruments. This strategic shift is aimed at revitalizing the domestic securities market, fostering digital token usage, and ultimately enhancing the trading experience for both investors and
The recent announcement regarding the disbursement of funds to small creditors by the failed cryptocurrency exchange FTX represents a pivotal moment in an ongoing saga of financial turmoil and mismanagement. Set to commence on February 18, this distribution will provide much-needed relief to those who had their funds trapped in the exchange following its spectacular
The world of decentralized finance (DeFi) has flourished over recent years, presenting both opportunities for innovation and vulnerabilities to exploitation. One such case that has recently captured the attention of regulators and investors alike is that of Andean Medjedovic, a 22-year-old Canadian accused of orchestrating a massive $65 million heist from two DeFi protocols, Indexed