In recent months, the dynamics of stablecoins have shown a remarkable upward trajectory, significantly enhancing liquidity within the cryptocurrency sector. This surge can be interpreted as a positive signal for key digital assets, particularly Bitcoin (BTC), where increased liquidity generally coincides with price appreciation. Recent reports have revealed that the market capitalization of prominent USD-backed
Crypto
In a striking revelation from Las Vegas, an 86-year-old ex-attorney, David Kagel, orchestrated a fraudulent cryptocurrency Ponzi scheme that siphoned nearly $15 million from unsuspecting investors. The United States District Court delivered its verdict on October 8, confirming that Kagel will serve five years of probation while being mandated to repay a staggering $14 million
The legal challenges faced by Binance in Nigeria are far from resolved, as demonstrated by the recent court ruling against one of its high-ranking officials. Tigran Gambaryan, the firm’s head of financial crime compliance, has been held in detention since February, a situation that has now escalated into a prolonged battle of legal motions and
As the cryptocurrency market finds itself at a critical juncture, approximately 18,800 Bitcoin options contracts are set to expire on Friday, October 11. This batch of contracts possesses a notional value nearing $1.1 billion, making it a significant event for traders and market analysts alike. Comparatively, this expiry mirrors the previous week’s, suggesting that implied
The cryptocurrency exchange landscape is incredibly dynamic, with coins and trading pairs varying in popularity and availability on a frequent basis. Recently, Binance expanded its services by introducing trading bot capabilities for specific trading pairs: PEPE/FDUSD, SUI/FDUSD, and EIGEN/TRY. However, this move comes amidst significant changes to its existing offerings, as several trading pairs have
In August 2024, Fidelity Investments, a leading asset management firm, experienced a significant data breach that raised alarms over customer privacy. Between the 17th and 19th of the month, unauthorized access to two customer accounts led to the exposure of sensitive personal information affecting over 77,000 individuals. This event has prompted scrutiny not only regarding
Shiba Inu (SHIB), the popular meme-driven cryptocurrency, has experienced a noticeable downturn recently, with a substantial 13% decline over the past two weeks, according to CoinGecko. The asset has struggled to maintain momentum, even as it attempted to recover from a local peak seen just yesterday. This current valuation suggests that SHIB remains in a
Bitcoin, the leading cryptocurrency, recently faced significant selling pressure as it approached the $66K mark. This failure to breach such a pivotal resistance level has sparked discussions among market analysts regarding the prevailing sentiment. Traditionally, the $66K region has acted as a strong barrier, and the price’s inability to maintain momentum above this threshold suggests
In an era where financial technology is continuously evolving, Ripple enthusiasts and crypto investors alike are witnessing significant developments from the company. Ripple Labs, the firm behind the cryptocurrency XRP, recently unveiled a series of advanced features within its Ripple Custody service. This move signifies not just a technological upgrade but also reflects a strategic
In the world of cryptocurrency, market sentiment can shift dramatically, influencing investor behavior and asset values. Currently, there is an increasing sense of uncertainty surrounding major players like Ethereum (ETH), Bitcoin (BTC), and Ripple (XRP). As we navigate through October, the market shows signs of fatigue after a rally that began in September. During the
