This Friday, February 28, marks a notable date for cryptocurrency traders as approximately 58,000 Bitcoin options contracts are set to expire, representing a staggering notional value of around $4.7 billion. The expiration of options contracts typically serves as a pivotal moment in the cryptocurrency market, especially when coinciding with the end of the month. This
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In a troubling revelation for the cryptocurrency sector, the FBI has linked a massive $1.5 billion cyberattack on the Bybit exchange to North Korea’s Lazarus Group. This breach, which occurred on February 21, resulted in the theft of over 41,000 ETH directly from Bybit’s cold wallet. As cyberattacks become alarmingly frequent in the digital finance
In a significant declaration that could reshape the landscape of cryptocurrency, the U.S. Securities and Exchange Commission (SEC) has positioned memecoins outside the domain of federal securities law. This announcement, made by the SEC’s Division of Corporation Finance, presented a critical examination of a market segment primarily driven by social dynamics and speculative interest. Released
Bitcoin, a digital currency that has become synonymous with volatility and financial speculation, is currently experiencing turbulent times. Over the past few months, traders and investors have witnessed a drastic decline in its value, leading many to suggest that the cryptocurrency is entrenched in a bear market. Skepticism looms large as contrasting forecasts from industry
On a significant note in the timeline of cryptocurrency regulation, Cameron Winklevoss, co-founder of the digital asset exchange Gemini, announced that the U.S. Securities and Exchange Commission (SEC) has officially concluded its investigation into the firm without pursuing any enforcement action. This announcement comes almost two years after the SEC’s inquiry was initiated, and notably,
Cryptocurrency exchanges and wallets often preach security as their foremost priority, but the recent hack at Bybit has thrown a wrench into this narrative. With former Binance CEO Changpeng Zhao (often referred to as CZ) taking a critical stance towards Safe Wallet’s post-hack update, the incident has not only sparked discussions about the vulnerabilities within
The recent announcement that the U.S. Securities and Exchange Commission (SEC) plans to dismiss its enforcement case against blockchain company Consensys marks a significant milestone in the evolving landscape of cryptocurrency regulation. Set forth in a statement on February 27, this decision hints at a more favorable regulatory environment for innovative tech companies operating within
In a surprising turn of events, Bitcoin’s price tumbled below $90,000 following U.S. President Donald Trump’s announcement of a 25% tariff on imports from Canada and Mexico. This immediate reaction illustrates how intertwined Bitcoin, and cryptocurrency in general, are with global economic policies. When faced with such news, investors tend to mitigate their financial exposure
The Bitcoin market is currently experiencing a significant shift in investor sentiment, reflected starkly in the Bitcoin Fear & Greed Index, which has plummeted to an alarming low of 10, the most severe reading since June 2022. This drastic dip signifies extreme fear among investors, raising questions about the underlying reasons and potential consequences of
The cryptocurrency landscape has found itself increasingly under the microscope of regulatory bodies, most notably the U.S. Securities and Exchange Commission (SEC). Recently, Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, publicly criticized the SEC’s handling of its investigations into crypto firms, following the news that the agency had dropped its inquiry into Gemini without