In a significant cybersecurity incident, an unknown actor performed a SIM swap attack on the U.S. Securities and Exchange Commission’s (SEC) X account. This breach resulted in the publication of a false message claiming the SEC’s approval of spot Bitcoin ETFs. Chair Gary Gensler addressed House members, reassuring them of the SEC’s commitment to cybersecurity
The cryptocurrency space has witnessed exponential growth in recent years, with various projects striving to make their mark. Among these projects is Cardano, a blockchain platform co-founded by Charles Hoskinson. In a recent interview with Discovery Crypto, Hoskinson discussed the current state of the crypto industry and the unique features that set Cardano apart. However,
FTX, once a prominent cryptocurrency exchange, has reached a disheartening conclusion to its bankruptcy process. The company’s lawyers recently announced that FTX will not be restarting its operations but instead will dissolve entirely after settling all outstanding debts. This decision comes as a disappointment to investors who had hoped for a potential revival of the
The Korea Financial Intelligence Unit (KoFIU) recently unveiled a comprehensive plan to strengthen its supervision of the cryptocurrency industry. This move comes as part of South Korea’s ongoing efforts to bolster financial oversight and protect consumers within the rapidly evolving digital asset space. By implementing stricter operational standards and expelling non-compliant exchanges, the KoFIU aims
The price of the legendary Solana meme coin, BONK, has recently experienced a minor localized price drop, leading many holders to question its future. This article aims to provide a comprehensive analysis of BONK’s current price trends and explore whether another meme coin, Meme Kombat, offers a more promising investment opportunity. Despite the volatile nature
Elon Musk, the renowned entrepreneur and CEO of various companies such as Tesla and SpaceX, has been compelled to testify in a US Securities and Exchange Commission (SEC) inquiry regarding his acquisition of social media platform Twitter, now rebranded as X. This comes as a result of a court filing, stating that Judge Laurel Beeler
In a recent development, Ethereum [ETH] co-founder Jeffrey Wilcke’s wallet has made a notable deposit of 4,300 ETH to a cryptocurrency exchange. This deposit, which amounts to 22,000 ETH, valued at approximately $41.1 million at the time, has injected renewed interest and excitement into the market. Despite this substantial deposit, the overall trend of Ethereum’s
After a tumultuous 2022, Bitcoin (BTC) is poised for a remarkable resurgence in 2024, according to a consensus of industry experts. This comprehensive analysis delves into the key factors driving this positive sentiment, including the highly anticipated Bitcoin halving event, surging institutional adoption, and the introduction of spot Bitcoin exchange-traded funds (ETFs). The Bitcoin halving
In the world of cryptocurrency, predictions and forecasts are always a topic of great interest. Crypto analyst Adam Back has recently made an optimistic prediction, suggesting that Bitcoin (BTC) has the potential to reach the $100,000 price mark before the highly anticipated halving event in April. Bitcoin has been on a recovery path after a
Bitcoin continues to surge forward, reaching new heights in the crypto market. Just hours ago, it jumped to a new monthly peak at $48,600. This significant milestone demonstrates the growing strength and popularity of the primary cryptocurrency. Not only is Bitcoin on the rise, but altcoins are also experiencing positive price movements. The total market
Chinese Bitcoin miners have recently turned their attention towards Ethiopia as a strategic move to capitalize on cheap energy and favorable climates. Following regulatory restrictions in China, local Bitcoin miners have been actively seeking locations that offer affordable electricity and friendly regulations. Ethiopia, with its low electricity costs and an increasingly receptive government, presents a
Cardano, a popular cryptocurrency, has witnessed a modest gain of 3.76% in the past seven days. This surge in price has sparked optimism among investors, who are now eyeing the $0.55 level as a defining point for its short-term trajectory. With an increasing number of buy orders and a shortage of sellers, Cardano seems poised
Over the past 24 hours, Bitcoin has continued its positive price performance by surging above $48,000 and reaching a new monthly peak. This is a significant milestone for the cryptocurrency, and it indicates a potential uptrend in the market. However, it is important to analyze the factors that led to this increase and understand the
Bitcoin (BTC) has continued its upward trajectory, experiencing a 4.04% gain and briefly surpassing the $48,000 mark, according to data from CoinMarketCap. However, analysts and investors remain speculative about the future of Bitcoin as it currently hovers around the $47,100 price zone. Notably, renowned analyst Ali Martinez has made a significant prediction that could lead