In an unexpected turn of events, current SEC Chair Gary Gensler’s announcement to step down from his position has ignited a surge in the price of Ripple’s native cryptocurrency, XRP. As the news broke, XRP catapulted to unprecedented local peaks, surpassing the $1.4 mark. This development has not only buoyed investors but has also triggered
The buzz surrounding Bitcoin’s potential price surge has reached fever pitch, fueled by recent predictions from analysts closely monitoring market trends. Among these voices, TechDev stands out, confidently projecting that Bitcoin could soar to an astonishing $139,000 in this market cycle. This forecast draws heavily from an intriguing historical analysis, particularly related to election cycles
In a significant development for the beleaguered cryptocurrency exchange FTX, the company and its associated debtors have announced a structured plan to implement their Chapter 11 Plan of Reorganization by January 2025. This plan aims to facilitate the distribution of funds to satisfied creditors and customers who have patiently awaited a resolution since FTX’s collapse.
In the ever-evolving landscape of cryptocurrency, the anticipation for the Magic Eden (ME) token airdrop has reached a fever pitch. With an impressive $300 million worth of tokens to be distributed among its community, this upcoming event is set to be one of the largest symbolizing community engagement within the digital asset realm for 2024.
A significant legal hurdle has been placed in the path of the U.S. Securities and Exchange Commission (SEC) following a recent federal court ruling that invalidated its controversial dealer rule aimed at the cryptocurrency sector. On November 21, this decision from the U.S. District Court for the Northern District of Texas marked a critical victory
The cryptocurrency landscape in the United States is poised for an intriguing transformation, with former Commodity Futures Trading Commission (CFTC) chair Chris Giancarlo—a figure fondly dubbed “Crypto Dad”—emerging as a strong contender for the role of the first White House “crypto czar”. This potential position, which is reportedly being established under the Trump administration, seeks
Samuel Edyme, known in the digital world as HIM-buktu, stands out as a distinguished figure within the Web3 and cryptocurrency landscapes. As a content writer, journalist, and an aspiring trader, his versatility positions him uniquely in a rapidly evolving industry. Edyme’s narrative resembles a cinematic journey marked by both triumphs and tribulations, fueling his passion
Ethereum, the second-largest cryptocurrency by market capitalization, has been experiencing a modest consolidation phase for about a week, following a peak of $3,420, which marks a four-month high. This stabilizing trend signals a wait-and-see approach among investors, particularly amid a broader cryptocurrency market that remains dominated by Bitcoin’s performance. As traders and analysts closely monitor
Gary Gensler’s announcement to step down from his position as Chairman of the U.S. Securities and Exchange Commission (SEC) on January 20, 2025, coinciding with the inauguration of President-elect Donald Trump, marks a significant transition in the landscape of financial regulation. Since his appointment in April 2021, Gensler has been a polarizing figure, embodying the
In 2019, the cryptocurrency landscape in South Korea was shaken by the colossal heist at Upbit, one of the country’s leading cryptocurrency exchanges. Investigators revealed that this audacious crime resulted in the theft of approximately $50 million worth of Ethereum (ETH). As the investigation unfolded, the puppet masters behind the operation were identified as hacking
