cryptocurrency
The Latest
-
Bitcoin's Retreat Triggers $400 Billion Crypto Market Loss Amid Volatility
The cryptocurrency market experienced a significant contraction, shedding approximately $400 billion in value following Bitcoin's slide from its recent all-time high. This marked downturn has rippled through the sector, impacting a broad range of digital assets, including Ethereum and Solana, which have also seen sharp declines. The cryptocurrency market experienced a significant contraction, shedding approximately $400 billion in value following Bitcoin's slide from its recent all-time high. This marked downturn has rippled through the sector, impacting a broad range of digital assets, including Ethereum and Solana, which have also seen sharp declines. -
U.S. Treasury Downplays Role of Crypto in Financing Palestinian Militant Groups
In a recent disclosure by the U.S. Treasury Department, officials have minimized the significance of cryptocurrencies in the financial operations of Palestinian militant factions Hamas and the Palestinian Islamic Jihad (PIJ), challenging prevailing narratives about digital assets' role in global terrorism financing. In a recent disclosure by the U.S. Treasury Department, officials have minimized the significance of cryptocurrencies in the financial operations of Palestinian militant factions Hamas and the Palestinian Islamic Jihad (PIJ), challenging prevailing narratives about digital assets' role in global terrorism financing. -
Treasury Department Highlights Emerging Crypto Laundering Risks in 2024 Report
The U.S. Treasury Department underscored the burgeoning challenges posed by advanced technologies employed in virtual asset transactions to conceal illicit financial flows. The U.S. Treasury Department underscored the burgeoning challenges posed by advanced technologies employed in virtual asset transactions to conceal illicit financial flows. -
A Crypto Revolution Unfolding: Pullix (PLX) Set to Outshine Stellar (XLM) and Bitcoin (BTC) in 2024
Dive into the dynamic landscape of the 2024 crypto revolution, where Pullix (PLX) takes center stage, poised to outshine industry stalwarts Stellar (XLM) and Bitcoin (BTC). Dive into the dynamic landscape of the 2024 crypto revolution, where Pullix (PLX) takes center stage, poised to outshine industry stalwarts Stellar (XLM) and Bitcoin (BTC). -
Cryptocurrencies Plunge on Wednesday, Analysts Doubt Bitcoin ETF Approval
On January 3, Bitcoin experienced a sudden plunge, with its value dropping over 10% in 24 hours, falling below $41,000 per coin. Just a day prior, Bitcoin had surpassed $45,000 per coin, reaching a 21-month high, with an annual gain of 160% in 2023. On January 3, Bitcoin experienced a sudden plunge, with its value dropping over 10% in 24 hours, falling below $41,000 per coin. Just a day prior, Bitcoin had surpassed $45,000 per coin, reaching a 21-month high, with an annual gain of 160% in 2023. -
FTX Authorized to Liquidate $900M in Trust Assets for Creditor Repayment
FTX, the once-celebrated cryptocurrency exchange that faced a dramatic collapse in 2022, has received court approval to liquidate nearly $900 million in trust assets. This significant move, authorized by a Delaware bankruptcy court, aims to reimburse creditors affected by the downfall of the crypto giant. The approval marks a crucial step in unraveling the complex financial web that led to the exchange's implosion. FTX, the once-celebrated cryptocurrency exchange that faced a dramatic collapse in 2022, has received court approval to liquidate nearly $900 million in trust assets. This significant move, authorized by a Delaware bankruptcy court, aims to reimburse creditors affected by the downfall of the crypto giant. The approval marks a crucial step in unraveling the complex financial web that led to the exchange's implosion. -
Ether Breaks $1,900 Barrier, Analysts Eye Potential $3,000 Surge
Ether, the cryptocurrency that powers the Ethereum network, recently vaulted over the pivotal $1,900 mark, ushering in a wave of optimism among traders and analysts who now see the possibility of the digital asset hitting the $3,000 milestone. This bullish trajectory has added a splash of green across trading screens, with Ether maintaining its momentum above this significant level. Ether, the cryptocurrency that powers the Ethereum network, recently vaulted over the pivotal $1,900 mark, ushering in a wave of optimism among traders and analysts who now see the possibility of the digital asset hitting the $3,000 milestone. This bullish trajectory has added a splash of green across trading screens, with Ether maintaining its momentum above this significant level. -
UK Takes Steps to Regulate Thriving Crypto Sector
The United Kingdom is making moves to establish itself as a regulatory leader in the burgeoning world of cryptocurrencies, with plans to roll out comprehensive regulations for the sector by 2024. This comes as the European Union has already taken steps toward clarifying its stance on digital assets, and as the importance of creating secure, clear frameworks for crypto businesses grows worldwide. The United Kingdom is making moves to establish itself as a regulatory leader in the burgeoning world of cryptocurrencies, with plans to roll out comprehensive regulations for the sector by 2024. This comes as the European Union has already taken steps toward clarifying its stance on digital assets, and as the importance of creating secure, clear frameworks for crypto businesses grows worldwide. -
Crypto Betting Platform Stake Resumes After Alleged $40M Hack
In a recent turn of events, the Ethereum-based crypto betting platform, Stake, temporarily halted its operations following reports of a significant hack that allegedly drained $40 million from its accounts. The platform, which allows users to place wagers on games or sports, did not directly confirm the hack but referred to the incident as "unauthorized transactions." Stake assured its users that their funds were safe. In a recent turn of events, the Ethereum-based crypto betting platform, Stake, temporarily halted its operations following reports of a significant hack that allegedly drained $40 million from its accounts. The platform, which allows users to place wagers on games or sports, did not directly confirm the hack but referred to the incident as "unauthorized transactions." Stake assured its users that their funds were safe. -
EDX Markets Emerges as a Game-Changer Amid Regulatory Pressure on Binance and Coinbase
At a time when the two major cryptocurrency exchanges Binance and Coinbase are under heavy pressure from U.S. regulators, the new exchange EDX Markets could reshape the landscape of the digital asset industry. At a time when the two major cryptocurrency exchanges Binance and Coinbase are under heavy pressure from U.S. regulators, the new exchange EDX Markets could reshape the landscape of the digital asset industry.