The demise of TerraUSD (UST) and its associated token Luna has sparked widespread scrutiny and legal ramifications, particularly for Do Kwon, the co-founder of Terraform Labs. Kwon’s association with this monumental cryptocurrency collapse, which wiped out around $40 billion in market value, has garnered global attention. His role has raised pressing questions regarding accountability and
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The cryptocurrency market is ever-evolving, and Ethereum, the second-largest cryptocurrency by market capitalization, has recently captured the attention of investors and analysts alike. Emerging signs of a potential bullish trend have been highlighted, with a key analyst identifying an inverse head and shoulder pattern on Ethereum’s price chart spanning the last six months. This pattern
As the year draws to a close, the cryptocurrency market has been nothing short of a roller coaster, particularly for Bitcoin. Just days after experiencing a volatile trading session influenced by Federal Reserve activities, Bitcoin made headlines by soaring over the $99,000 mark on Christmas Eve. This remarkable surge came after an intensely turbulent period
The world of cryptocurrency is filled with success stories that quickly turn into cautionary tales. Richard Schueler, more commonly known as Richard Heart, epitomizes this tumultuous dichotomy. As the founder of the Hex cryptocurrency, Heart garnered attention for both his innovative vision and his controversial actions. Recently, he was added to Interpol’s wanted list following
In the volatile world of cryptocurrency, Bitcoin remains a consistent focal point for investors, analysts, and enthusiasts alike. Recently, however, the price of Bitcoin has experienced a considerable downturn, dipping below its previous all-time high of over $104,000. This significant drop reflects the inherent instability that accompanies the cryptocurrency markets. Despite these fluctuations, some analysts
The digital asset investment landscape experienced a juxtaposition of inflows and significant outflows last week. A total of $308 million was funneled into investment products; however, this surge was notably eclipsed by a staggering outflow of $576 million on December 19. This pattern culminated in two days of severe withdrawals totaling a staggering $1 billion,
The recent discussions surrounding the future of cryptocurrency in the United States have ignited considerable interest and debate among investors, tech enthusiasts, and policymakers alike. Former President Donald Trump’s remarks about the cryptocurrency sector underscore the administration’s intentions to take a unique stance on digital currencies, likening it to the strategic petroleum reserve. This analogy
MicroStrategy, a leading corporate investor in Bitcoin, has called for a Special Meeting of Shareholders aimed at furthering its ambitious 21/21 Plan, which emphasizes the company’s commitment to integrating Bitcoin into its business model. This meeting, to be held online, invites shareholders to take part in critical decisions that could shape the future of the
In recent days, the cryptocurrency market has witnessed significant turbulence, particularly impacting XRP, which saw its price plummet from $2.60 to precariously close to the $2 mark. This downturn in value has ignited a flurry of debates among market observers regarding the future trajectory of XRP. As of late December, however, XRP has managed to
Ripple’s cryptocurrency, XRP, has recently experienced notable volatility, showcasing the dynamic nature of the digital asset market. Following a sharp decline, where XRP’s value plummeted from $2.50 to below $2.00 within a matter of days, it has since rebounded slightly to around $2.25. Despite a week-to-week decrease of about 10%, this recovery highlights the potential
The landscape of Bitcoin ownership is shifting dramatically, with institutional investors now representing 31% of all identified Bitcoin holders. This marks a significant increase from just 14% in 2023. Driving this remarkable ascension are key factors such as the introduction of spot Bitcoin exchange-traded funds (ETFs), large-scale government purchases, and the aggressive accumulation strategies employed
In the rapidly evolving landscape of cryptocurrencies and beyond, few narratives resonate as profoundly as that of Samuel Edyme, affectionately known as HIM-buktu. With his multi-faceted expertise as a web3 content writer, journalist, and burgeoning trader, Edyme represents a fresh breed of professionals who not only observe trends but also actively engage with them. While
In the ever-volatile cryptocurrency market, Bitcoin continues to be a focal point for traders and analysts alike. Recent developments showcased by crypto analyst Ali Martinez raise intriguing possibilities about Bitcoin’s price trajectory. A recent examination of Bitcoin’s 4-hour TD Sequential chart unveiled a significant buy signal, potentially suggesting a pivotal moment for investment. Such insights
The collapse of Terra USD (UST) in May 2021 marked a watershed moment in the cryptocurrency landscape, shaking investor confidence and prompting regulatory scrutiny. Following this notable debacle, the U.S. Securities and Exchange Commission (SEC) has launched a formidable legal challenge against Tai Mo Shan Limited, a subsidiary of Jump Crypto, for allegedly deceiving investors