The recent legal proceedings against Do Kwon, co-founder of Terraform Labs, have brought a spotlight on the extensive repercussions of the collapse of the TerraUSD and Luna cryptocurrencies. U.S. prosecutors estimate that the fallout from this event extends to over one million individuals and entities, marking it one of the most significant financial scandals in
Crypto
Bitcoin, the flagship cryptocurrency, recently experienced a fleeting moment of glory as it crossed the $100,000 threshold for the first time since its previous stagnation. With expectations running high, the ascent was hailed as momentous, especially following MicroStrategy’s latest acquisition. However, this euphoria was short-lived. Just 24 hours after briefly peaking at approximately $103,000, Bitcoin
The cryptosphere is nothing if not dynamic, and Shiba Inu (SHIB) exemplifies this volatility through its various phases of growth and decline. As of early 2025, SHIB is consulting an intriguing set of circumstances that could set the stage for a significant price augmentation. Recent markers indicate not just a healthy uptick from its economic
In a significant development for the cryptocurrency market, Gemini Trust Co. has agreed to a $5 million settlement with the Commodity Futures Trading Commission (CFTC) regarding allegations of misleading regulatory authorities during its bid to launch the first U.S.-regulated Bitcoin futures contract. This case highlights the ongoing tensions between cryptocurrency companies and regulatory bodies, as
As we embark on 2025, the cryptocurrency landscape has experienced a significant revival, with Bitcoin re-establishing itself above the $100,000 mark. The digital asset has surged by nearly 8% in just one week. However, despite this positive trajectory, Bitcoin has not yet reached its previous all-time high of over $108,000. The question looms—will it achieve
The tide is turning as cryptocurrencies, particularly Bitcoin, garner attention from governments and central banks around the world. From the high-rises of Wall Street to the serene financial landscapes of Switzerland, Bitcoin is being reconsidered as a viable alternative to conventional reserve assets. Notably, the Czech Republic’s central bank, helmed by Governor Aleš Michl, has
The cryptocurrency landscape has experienced a significant downturn in the past week, leaving many investors anxious and disillusioned. With the much-anticipated Santa Claus rally nowhere in sight, the market has not only stalled but also appears to be struggling with a notable drop in trading volume. This situation raises questions about future performance and whether
Recent investigations reveal an alarming trend in cybercrime, particularly within the cryptocurrency ecosystem. Cybercriminals have taken to leveraging widely trusted tools, such as Zoom, to carry out sophisticated phishing scams. This method of deception is not only alarming but underscores the vulnerability of even the most reputable digital platforms to malicious exploitation. A recent phishing
December 2023 has emerged as a defining period for MakerDAO, demonstrating exceptional growth amidst a dynamic cryptocurrency landscape. As outlined by insights from the decentralized finance (DeFi) analytics platform DeFiLlama, the protocol not only recorded impressive fee revenues but also shattered its own historical performance metrics. MakerDAO realized an astonishing $40.86 million in fees throughout
The cryptocurrency landscape has undergone significant transformations in recent months, marked by a stark contrast in the performance of various sectors. As 2024 comes to an end, AI-driven projects have surged in popularity while traditional favorites like meme coins and modular projects have faced substantial setbacks. The emergence of artificial intelligence (AI) as a central
