Semilore Faleti stands out as a noteworthy figure in the realm of cryptocurrency journalism. His professional trajectory is marked by an impressive blend of expertise and passion that has enabled him to carve a unique niche within this rapidly evolving sector. While many writers dabble in various topics, Semilore honed in on the intricate universe
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In 2024, a troubling shift has emerged in the cryptocurrency landscape, where access control vulnerabilities have become the predominant factor for the staggering financial losses resulting from hacks across various sectors, including decentralized finance (DeFi), centralized finance (CeFi), and the gaming/metaverse arenas. Remarkably, these vulnerabilities accounted for a striking 75% of the total losses, as
In a significant move to solidify its position in the cryptocurrency landscape, Tether, the issuer of the USDT stablecoin, has enhanced its Bitcoin portfolio by acquiring 7,629 BTC, amounting to approximately $705 million. According to on-chain analysis conducted by Arkham Intelligence, this latest purchase brings Tether’s total Bitcoin holdings to an impressive 82,983 BTC, equivalent
As the calendar turns towards a new year, the infamous figure known as the “Blockchain Bandit” has resurfaced, orchestrating a colossal transfer of 51,000 ETH—amounting to approximately $172 million—into a consolidated multisig wallet. This shocking move occurred on December 30, following a lengthy period of inactivity. Crypto sleuth ZachXBT provided crucial insights by revealing that
In the wake of prolonged conflict and economic instability, Syria finds itself in desperate need of innovative solutions to breathe life into its ailing economy. The Syrian Center for Economic Research (SCER) has put forth an ambitious proposal aimed at legalizing Bitcoin and digitizing the Syrian pound. This transformative approach seeks not only to combat
In recent months, China has introduced a series of stringent regulations aimed at managing foreign exchange activities that carry significant risks, particularly those involving cryptocurrencies. According to the South China Morning Post, these new directives from the State Administration of Foreign Exchange (SAFE) focus on bolstering financial vigilance among banks. They enlist banks to keep
Artificial Intelligence (AI) and blockchain technology are among the most revolutionary advancements in the digital age, each possessing the potential to redefine industries and alter traditional paradigms. As companies strive to meld these two domains, one standout initiative is ai16z, which is considering the launch of a layer-1 (L1) blockchain to create a comprehensive ecosystem
As the landscape of finance evolves, traditional institutions are increasingly looking toward the world of cryptocurrency. A noteworthy example is Morgan Stanley’s subsidiary, E-Trade, which is on the verge of introducing crypto trading services. This strategic decision is fueled by expectations of a more favorable regulatory atmosphere following the recent political transition. Analysts have taken
Recently, the Internal Revenue Service (IRS) announced a temporary reprieve regarding its rules on crypto cost-basis reporting. This move indicates the agency’s recognition of the intricate landscape of cryptocurrency taxation and underscores the necessity for regulatory frameworks to adapt in response to the dynamic nature of the digital asset market. The relief postpones a rule
In a landscape of rapidly evolving cryptocurrency prices, renowned analyst Peter Brandt has issued a stark warning concerning Bitcoin’s future trajectory. His bearish forecast suggests that Bitcoin could plummet to as low as $78,000, primarily due to a head and shoulders pattern he has identified. This technical analysis pattern is often seen as a precursor
