In recent days, Bitcoin has experienced a significant rebound, marking a noteworthy high of over $66,500, a level not seen in nearly two months. The catalyst for this impressive surge can be attributed to the latest US inflation data released on Friday, which painted a more favorable picture for digital assets. While Bitcoin had been
Crypto
In recent years, the surge in cryptocurrency usage has opened unregulated avenues for criminal activity, particularly with regard to money laundering and ransomware. The ease of transferring digital assets across borders without stringent oversight has made cryptocurrencies a popular tool for cybercriminals. These developments have alarmed authorities worldwide, prompting a concerted effort to rein in
The digital asset arena has been notorious for its volatility, but recently, a different kind of turbulence emerged from a political endorsement gone awry. The stand taken by the lobby group Stand With Crypto, which receives backing from prominent platforms like Coinbase, illustrates the pitfalls of rapidly assigning support ratings to politicians based on minimal
Ethereum has emerged as a pivotal player in the cryptocurrency domain, significantly influencing how digital assets are traded and utilized. A recent report from CoinShares sheds light on two crucial components shaping Ethereum’s trajectory: marketplaces and stablecoins. Together, these elements constitute just over half of Ethereum’s utilization, showcasing its strength as a foundational layer for
In recent weeks, Shiba Inu (SHIB) has been making waves in the cryptocurrency sphere, showcasing a remarkable price increase of 35%. As the market capitalization climbed to over $11.5 billion, SHIB has secured its position as the 14th-largest cryptocurrency, while maintaining its rank as the second-most popular meme coin, following in the footsteps of Dogecoin.
In a significant development in the cryptocurrency world, Roman Storm, one of the co-founders of Tornado Cash, is set to stand trial on December 2 in New York facing multiple charges, including money laundering. This case captures not only the challenges faced by individual developers in the rapidly evolving space of decentralized finance (DeFi) but
The Indian cryptocurrency exchange WazirX finds itself in a precarious legal and financial situation after being granted a four-month moratorium by a Singapore court. This decision comes on the heels of a devastating hack that stripped the exchange of approximately $234 million and compromised the assets of nearly 45% of its customers. The court’s ruling
Recent events have cast a long shadow over New York City Mayor Eric Adams. Once hailed as a forward-thinking leader and crypto champion, the mayor is now facing the consequences of federal investigations into corruption allegations that have resulted in the resignation of key officials in his administration. This turmoil not only threatens Adams’s career
Chainlink (LINK), a prominent player in the decentralized oracle network space, has recently captured the attention of investors due to a notable price breakout. This momentum can be attributed to heightened on-chain activity and an increasing sense of optimism among investors. The insights provided by Santiment, a renowned blockchain analysis firm, indicate positive technical indicators
Bitcoin has reached a crucial juncture in its price trajectory, serving as an important barometer not just for itself, but also for the entire cryptocurrency market. Following a rebound from the pivotal $52,000 support level, Bitcoin has gained traction, breaking past significant resistance points at $56,000 and $60,000. This upward momentum has incited optimism among
