In one of the most significant exploits in the crypto space, the now-defunct FTX exchange fell victim to a hack a few hours after declaring bankruptcy, leading to a loss of more than $600 million. The aftermath of this incident is still being felt, as evidenced by recent developments regarding the FTX exploiter. According to
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Since its inception in 2009, the cryptocurrency industry has undergone tremendous growth and development. With over 22,932 active cryptocurrencies in the market today, it is evident that the sector has expanded exponentially. While most users focus on the top cryptocurrencies, trading and investing enthusiasts often have to deal with more obscure currencies. This poses a
Hong Kong, known as a global financial hub and a gateway to China, has been hit hard by a massive crypto scandal involving JPEX. This Dubai-based cryptocurrency exchange stands accused of defrauding thousands of investors of over $160 million. The case has not only revealed regulatory loopholes and the lack of investor protection in Hong
The asset management firm Valkyrie, which has been at the forefront of the race to launch the first Ethereum Exchange-Traded Fund (ETF) in the United States, has made the decision to pause its purchase of Ether futures contracts. This change in strategy comes shortly after Valkyrie reportedly obtained approval to offer investors exposure to Ether
Google Cloud has announced its participation in Polygon’s Proof-of-Stake (PoS) network as one of its decentralized validators. This move aims to enhance the security and governance of the blockchain, leveraging Google’s reputation for providing top-notch security services in various areas. Google Cloud, known for powering platforms like Gmail and YouTube, will bring its infrastructure to
In a recent filing by the Securities and Exchange Commission (SEC), shocking allegations have been made against the co-founders of the now-defunct Terra blockchain project. The SEC claims that the leaders of Terraform Labs, the company behind the project, planned to create fraudulent transactions during the development of the blockchain. This revelation has raised serious
Gemini, the popular crypto exchange, has officially confirmed that it withdrew $282 million of its Earn users’ funds from the bankrupt crypto lender Genesis in August of last year. This statement was released on September 28th in response to a report by the New York Post, which alleged that Gemini’s co-founders, Tyler and Cameron Winklevoss,
After a turbulent September, HarryPotterObamaSonic10Inu (BITCOIN) has experienced a significant rebound with a +20.51% increase in trading volumes. This strong rally trend comes as a welcome relief to traders who had witnessed BITCOIN suffer a nearly -80% loss in value within a month after a +200% rally. With the current buy-pressure taking hold, bag-holders are
The future of XRP, the cryptocurrency associated with Ripple, has been a subject of much speculation and uncertainty. While some analysts remain skeptical about its potential for growth, there are several macro and micro factors that could significantly impact the token’s price. In this article, we will delve into these factors and explore the possibilities
The World Federation of Exchanges (WFE) has recently provided insights and recommendations for the digital asset sector, as user adoption and regulatory concerns continue to rise. With an increasing number of traditional financial institutions embracing blockchain technology and offering digital assets, the WFE emphasizes the importance of implementing regulatory standards to address user fears and
