Bitcoin’s journey leading up to Christmas Eve showcased just how volatile the cryptocurrency market can be. The lead-up to this spike was not without its turmoil; beginning with a significant downturn that saw Bitcoin plummet from over $108,000 to around $92,000 in just a few days. This dramatic drop followed the last Federal Open Market
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The recent ruling by the Constitutional Court of Montenegro has brought significant legal challenges upon Do Kwon, the infamous South Korean co-founder of Terraform Labs. His appeal against extradition has been unanimously denied, adding pressure to his complicated legal saga. Kwon has been in the spotlight since the dramatic collapse of TerraUSD (UST) and its
Richard Schueler, more commonly recognized by his pseudonym Richard Heart, has become a prominent yet controversial figure in the cryptocurrency space. As the founder of Hex, a cryptocurrency that promised high returns, Heart’s ventures have not been without turmoil. Recently, he has gained notoriety for being placed on Interpol’s global wanted list due to serious
MicroStrategy, a prominent corporate player in Bitcoin investment, is taking significant steps to further solidify its commitment to digital assets. The company has convened a Special Meeting of Shareholders aimed at discussing various proposals designed to bolster its Bitcoin-centric 21/21 Plan. This strategic initiative is not only intended to enhance its capital-raising mechanisms but to
Ripple’s native cryptocurrency, XRP, has witnessed a turbulent yet fascinating trajectory in the wake of recent market corrections. Originally priced at over $2.50 on December 17, XRP faced a sharp decline, plunging to below $2 within a mere three days. Such a swift downturn may often trigger panic among casual investors; however, XRP has shown
In the world of cryptocurrency, volatility is a constant companion, as evidenced by Bitcoin’s recent 9.8% decline in value within a single week. This downturn has generated a palpable sense of unease among investors, who are rightfully cautious about the potential for further drops in the digital currency’s price. Such fluctuations can trigger a schadenfreude
The recent establishment of the Presidential Council of Advisers for Digital Assets marks a significant milestone in U.S. policymaking regarding cryptocurrency. Appointed by President-elect Donald Trump, Bo Hines, a former college football player, will take on the role of executive director. His selection sends a clear message about the incoming administration’s commitment to fostering a
The world of cryptocurrency has proven to be a double-edged sword: while it offers unprecedented opportunities for wealth creation, it also invites scrutiny, controversy, and legal complications. Recently, Kim Nam-guk, a former lawmaker from South Korea’s Democratic Party, has emerged at the center of a major legal storm. Accusations have surfaced that he failed to
As we approach the conclusion of 2024, the crypto landscape remains fraught with adversity due to escalating cybercrime activities. The Security, Fraud, and Compliance Report released by the web3 security firm Cyvers highlights a shocking reality: over $2.361 billion was siphoned off from the crypto industry, a staggering rise of 40% compared to the previous
Recent insights from a comprehensive survey conducted by blockchain infrastructure provider P2P.org have shed light on the complexities facing institutions as they adopt cryptocurrency strategies. With input from over 15 diverse institutional players, the survey revealed critical insights into the challenges and opportunities in the rapidly evolving crypto landscape. Among the respondents, intermediaries, investment funds,
