Thorchain, a decentralized exchange protocol that emphasizes interoperability, currently finds itself in a crisis that raises significant questions about its governance and long-term viability. This situation intensified after revelations emerged that North Korea’s infamous Lazarus Group has exploited the protocol to launder funds. With key developers resigning amidst accusations of insufficient action against illicit activities,
Crypto
Recently, the U.S. Securities and Exchange Commission (SEC) has issued a statement from its Division of Corporation Finance that delineates its perspective on meme coins, a new class of digital assets that has gained popularity alongside the rise of social media and meme culture. The exponential growth of these cryptocurrencies demands a closer examination of
In recent days, the cryptocurrency landscape has been shaken by a significant downturn, with the total market capitalization of digital assets dropping below the $2.8 trillion mark. Bitcoin (BTC), the flagship cryptocurrency, has seen a staggering decline of about 19% over the previous week. Ethereum (ETH), its closest competitor, has fared even worse, witnessing a
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
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
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
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
In recent days, the cryptocurrency landscape has been severely shaken, particularly highlighted by Bitcoin’s significant downturn, which saw its price drop to approximately $82,000, marking the lowest level in three months. This steep decline has raised eyebrows and sparked discussions among investors and analysts alike, pointing to a potential shift in market dynamics. The hints
