Recent events within the cryptocurrency world have raised significant alarms regarding security protocols as Stablecoin Bank Infini faced a catastrophic breach, leading to the theft of over $49 million in USDC. This incident stems from a misuse of retained administrative privileges, highlighting vulnerabilities that exist not only in specific platforms but also within the broader
Crypto
Bitcoin has recently faced pressure, slipping below its 100-day moving average of $98,000. This dip raises concerns among investors, especially as it nears the key support level of $95,000. Notably, the cryptocurrency has shown weakened trading activity that does not indicate strong momentum from either buyers or sellers. In an environment where market participation is
Bitcoin’s recent price movements have been far from stable, demonstrating a notable decline that has reignited concerns among investors. After managing to hover around $96,000 over the weekend, the leading cryptocurrency has slipped below this psychological threshold. The beginning of the business week was marked by significant drops, as Bitcoin plummeted to a multi-week low
Recent economic data has raised considerable alarms regarding the strength of the U.S. economy, signaling a possible shift from resilience to fragility. Notably, the service-sector Purchasing Managers’ Index (PMI) registered its lowest reading in over two years, an alarming indication for analysts and investors alike. Such indicators suggest an economic environment where growth is stalling
In a bold move set to reshape the landscape of decentralized finance (DeFi), Reeve Collins, the co-founder of Tether, is gearing up to launch a new stablecoin called USP. Expected to debut in late 2025, USP aims to establish a foothold in the competitive and rapidly evolving stablecoin market, primarily dominated by Tether (USDT) and
In a digital age increasingly dominated by technology, a troubling shift is occurring in the demographic profile of victims targeted by financial fraud. Traditionally, older adults were the primary victims of scams; however, recent evidence suggests that younger, tech-savvy individuals are now in the crosshairs of con artists, particularly in cases involving “Pig Butchering” scams.
In the ever-evolving landscape of investment assets, Bitcoin and gold have recently traversed distinctly different paths. For the past several months, gold has flourished, reaching unprecedented heights and preparing to breach the $3,000 per ounce threshold. In stark contrast, Bitcoin has languished below the $100,000 mark, defying expectations of a bull run in early 2025.
The cryptocurrency market has always been known for its volatility and rapid shifts in investor sentiment. This is particularly true in the context of Bitcoin exchange-traded funds (ETFs) in the United States. Recent data indicates a significant decline in the interest of investors in Bitcoin ETFs throughout February 2025, with the phenomenon of large-scale withdrawals
In the wake of the Bybit hack, where a staggering $1.5 billion in ETH was stolen, the cryptocurrency market has been a study in contrasts. Bitcoin (BTC) managed to stabilize above the $96,000 mark, exhibiting a surprising resilience despite the tumultuous events. However, this stabilization comes on the heels of intense volatility. For context, just
In a significant move to bolster its position in the global digital finance landscape, Standard Chartered Bank Hong Kong (SCBHK) has teamed up with Animoca Brands and Hong Kong Telecommunications (HKT) to create a joint venture aimed at launching a stablecoin backed by the Hong Kong dollar. With an eye on regulatory compliance and market
