The ongoing legal confrontation between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs has become a focal point of discussion within the cryptocurrency community. Recently, the SEC has appealed a 2023 ruling made by Judge Torres, which declared that secondary sales of XRP, Ripple’s digital asset, do not fall under the definition of
Crypto
Taiwan’s Financial Supervisory Commission (FSC) is setting a distinguished precedent as it prepares to launch a pilot program for institutional cryptocurrency custody, a pivotal step that reflects the island’s ambition to embrace digital assets. Scheduled for early 2025, this initiative aims to establish a regulatory framework where three private banks have already indicated their willingness
In a particularly lackluster 24-hour stretch, the cryptocurrency market maintained a steady pace, with total capitalization hovering around $2.26 trillion. The atmosphere has remained strikingly calm, devoid of the volatility that typically characterizes this space. Notably, the financial world was abuzz with the release of the HBO documentary titled *Money Electric: The Bitcoin Mystery*. The
The cryptocurrency landscape is recognized for its inherent volatility, a characteristic that continues to challenge traders, investors, and enthusiasts alike. As the recent oscillation in prices exemplifies, the clash between bullish buyers and bearish sellers is becoming increasingly pronounced. After a brief surge, the market is now experiencing a correction phase, as many leading cryptocurrencies
Bitcoin has faced significant challenges in recent weeks, particularly in terms of its price recovering beyond the critical 200-day moving average. Currently, the cryptocurrency is caught in a precarious position. After attempting to rebound from the support level anchored at $60,000, recent market patterns suggest that Bitcoin could be on the brink of further declines.
In the ever-evolving landscape of digital asset investments, recent metrics indicate a cautious sentiment among investors. Over the past week, investment products in digital assets experienced modest outflows amounting to $147 million. This development comes on the heels of unexpectedly robust economic data, which has tempered earlier speculations regarding substantial interest rate cuts. Such macroeconomic
In a pivotal move, Binance has announced its plans to convert specific delisted cryptocurrency holdings into USDC by a designated deadline of April 28, 2025. This initiative primarily affects users holding assets in several cryptocurrencies that have recently been removed from the platform, including Tornado Cash (TORN) and OMG Network (OMG). The company has also
Over the past week, the landscape surrounding the eleven U.S. spot Bitcoin exchange-traded funds (ETFs) has taken a significant downturn, drawing attention from investors and market observers alike. Following a remarkable trajectory characterized by substantial net inflows, the situation shifted dramatically, possibly influenced by rising geopolitical tensions in the Middle East. Just the previous week
In an unexpected turn of events, the third quarter of 2024 has yielded a notable decrease in cybersecurity breaches, with only 28 incidents reported. This represents the lowest frequency of hacks observed over the past three years. Despite the reduction in the number of attacks, the total financial loss remains staggering, amounting to $463.6 million.
Wrapped Bitcoin (WBTC) has carved a significant niche for itself in the realm of tokenized assets, particularly by enabling Bitcoin holders to engage with decentralized finance (DeFi) on alternative blockchains like Ethereum and Solana. Developed collaboratively by BitGo, Kyber Network, and Ren, WBTC provides a unique proposition by offering a 1:1 representation of Bitcoin, which
