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
Crypto
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
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
The year 2024 marked a significant turning point for the European cryptocurrency landscape, particularly with the emergence of euro-backed stablecoins as pivotal players in market dynamics. This transformation was catalyzed by the introduction of the Markets in Crypto-Assets Regulation (MiCA), which provided essential guidelines and regulatory clarity. The benefits of MiCA were immediate and profound,
The rise of digital currencies has undoubtedly transformed the financial landscape, facilitating a new era of transactions and innovative funding mechanisms. However, this evolution has also opened the door for illicit activities, with terrorist organizations finding ways to exploit the technology to their advantage. The case of Mohammed Azharuddin Chhipa, a 35-year-old resident of Springfield,
Kim Nam-guk, a former lawmaker affiliated with South Korea’s Democratic Party, is at the center of a burgeoning controversy regarding the transparency of asset declarations among lawmakers. Following allegations that he concealed significant cryptocurrency investments, Kim now faces legal repercussions that could have implications for both his career and the broader discourse on cryptocurrency regulations
The rapidly evolving landscape of cryptocurrency is both an opportunity and a challenge for institutions looking to adopt digital assets into their portfolios. A recent survey conducted by P2P.org has illuminated some of the primary obstacles and trends influencing how institutions engage with cryptocurrencies. The study engaged with over 15 institutional players, including intermediaries, investment
As the year 2024 comes to a close, the latest report from Cyvers, a renowned web3 security firm, lays bare the mounting cybersecurity challenges facing the cryptocurrency sector. The alarming statistic that the crypto industry suffered losses exceeding $2.361 billion due to cybercrime across 165 incidents underscores an escalating trend that requires urgent attention. This
