In a notable development within the cryptocurrency landscape, Bitwise Asset Management has filed for an XRP exchange-traded fund (ETF) in Delaware, signaling an increasing inclination toward institutional investment in Ripple’s digital currency. This filing underscores a growing trend among asset managers to explore innovative financial products that incorporate digital assets. The announcement, first reported by
Crypto
In an alarming incident that underscores the vulnerabilities of the digital age, a 21-year-old resident of Lebanon, Indiana, has confessed to orchestrating a sophisticated cryptocurrency heist. Evan Frederick Light’s fraudulent activities led to the theft of over $37 million from nearly 600 victims around the globe. This case sheds light on the growing prevalence of
In a significant development within the cryptocurrency sector, the U.S. Securities and Exchange Commission (SEC) filed a notice of appeal concerning the Ripple lawsuit on October 2, 2023. This appeal seeks to overturn a ruling made earlier in the year by Judge Analisa Torres, which determined that secondary sales of Ripple’s XRP token do not
Bitcoin, the leading cryptocurrency, has once again demonstrated its volatility in the face of global events, suffering a dramatic plunge of nearly $4,000 within a single day. This sharp decline was triggered by an Iranian missile strike on Israel on October 1, which sent shockwaves through markets already on edge. Following the strike, Bitcoin’s price
In an alarming turn of events, WalletConnect, a well-regarded protocol designed for secure interactions between cryptocurrency wallets and decentralized applications (dApps), has recently issued a significant warning to its user base. A fraudulent application masquerading as a legitimate WalletConnect tool was discovered on the Google Play Store and managed to evade detection for several months,
On September 27, Bitcoin (BTC) experienced an exhilarating price surge, reaching $66,500 for the first time since late July. This spike ignited a wave of optimistic sentiment among investors, which was reflected in various online discussions. However, the thrill was short-lived as Bitcoin’s value plummeted below $64,000 shortly after, leaving many investors unsettled and questioning
At the recent Tsinghua PBC Chief Economist Forum, the discourse surrounding the cryptocurrency landscape in China underwent a notable transformation. Former Vice Minister of Finance Zhu Guangyao’s remarks highlighted a pivotal moment, urging Chinese authorities to revisit their stringent stance towards digital currencies. The undercurrents of this discussion point to a larger trend shaping the
On September 30, the cryptocurrency landscape was painted in red as many prominent tokens, including Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB), experienced notable declines. The downturn was particularly pronounced for meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB), which saw significant price drops. This prevailing negativity serves as a reminder of the
In a significant move to enhance financial market integrity and protect investors, Taiwan’s Financial Supervisory Commission (FSC) has unveiled regulations that allow only professional investors to invest in foreign cryptocurrency exchange-traded funds (ETFs) through local brokerage channels. This policy marks Taiwan’s proactive stance in addressing the complexities and inherent risks associated with digital assets, particularly
In a shocking revelation, the Indian Enforcement Directorate (ED), with crucial assistance from Binance, the globe’s leading cryptocurrency exchange, recently dismantled what was purportedly a legitimate online gaming platform. Fiewin, which claimed to offer users an opportunity to earn money through a variety of mini-games, was exposed as a sophisticated scam that defrauded participants out
