The Crypto Wealth Report 2024 by Henley & Partners has revealed some astounding numbers in the world of digital assets. The report states that the number of individuals holding over $1 million in digital assets has increased by a staggering 95% to 172,300. This growth comes alongside a significant surge in the total value of
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The US Securities and Exchange Commission (SEC) recently expressed concerns regarding the proposed repayment strategy in the ongoing FTX bankruptcy case. The plan, which involves repaying creditors through stablecoins or other digital assets, has led the SEC to reserve the right to challenge these transactions under federal securities laws. This move has raised eyebrows and
In the past month alone, the cryptocurrency space has been rocked by a series of devastating hacks, resulting in a total loss of $313 million. Two major phishing attacks accounted for a staggering 93.5% of the stolen funds, highlighting the vulnerability of crypto holders to social engineering tactics. In one incident, a whale lost over
Recent data from bitcoin (BTC) on-chain analysis platform Bitbo paints a dismal picture for miners of the largest cryptocurrency. In August, miners suffered their worst month in nearly a year in terms of revenue generation. According to Bitbo’s dashboard, BTC mining activities only secured $827 million, marking a significant 10% decrease from July’s earnings of
The latest data on digital asset investment products reveals that the sector experienced a total of $305 million in outflows in the past week. This negative sentiment was largely driven by stronger-than-expected economic data coming out of the United States, influencing the likelihood of a significant interest rate reduction. According to CoinShares’ Digital Asset Fund
Cryptocurrency exchange OKX’s Singaporean entity, OKX SG, recently announced that it has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license is highly coveted in Singapore as it grants businesses the ability to operate without daily or monthly transaction limits. In order to qualify for this license, companies
Over the past 24 hours, Bitcoin’s price has taken a turn for the worse, dropping to a 2-week low of $57,100. This downward trend comes after a week of fluctuating prices, with Bitcoin initially surging to over $65,100 before gradually losing value. Despite a brief recovery on Thursday that pushed BTC to $61,000, it has
Yuga Labs, the creators behind the Bored Ape Yacht Club, have recently announced a new initiative that could potentially shape the future of the company. This new division, known as “The Workshop,” is designed to foster rapid innovation and the creation of emerging products. Co-founder and current CEO Greg Solano envisions The Workshop as a
Cardano recently completed its highly anticipated Chang upgrade, signaling a monumental shift towards a decentralized governance system that empowers ADA holders to shape the network’s future. Named after the Chinese mathematician Ch’ang Shou, this upgrade introduces a variety of key changes aimed at enhancing Cardano’s governance structure and functionality. The upgrade paves the way for
Recent news from the UK has highlighted the legal consequences for operating a Bitcoin ATM without the proper registration. This article analyzes the case of Habibur Rahman, the first person in the UK to face charges for unauthorized operation of a crypto ATM. Habibur Rahman, a London resident, was arrested by Kent Police on April
One of the most intriguing questions posed by Peter Diamandis, the founder of X Prize and Singularity University, revolves around the future of Bitcoin. With an impeccable track record of never failing to execute transactions every ten minutes for 15 years and no breaches in its base blockchain layer, Bitcoin has proven its reliability. Many
The payments industry has experienced significant growth over the last five decades, becoming one of the largest and fastest-growing sectors globally. Despite this success, a critical issue remains – the industry continues to operate on outdated technology that hampers efficiency. According to a report by Binance Research, leveraging blockchains, distributed ledger technology (DLT), and their
When delving into the realm of cryptocurrency journalism, one name that stands out is Semilore Faleti. With a background in journalism and content creation, Semilore has dedicated his career to unraveling the complexities of the blockchain and cryptocurrency space. Over the course of two years, he has covered a wide range of topics including blockchains,
Opeyemi is a well-versed writer with a strong passion for the world of cryptocurrency. His journey into the digital asset industry may not have been his initial choice, but it has captivated him for over two years now. Delving deep into the complexities of blockchain technology and staying updated on the latest trends in the