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
Crypto
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
The case of Ho Kai Xin, a former employee at WeChain Fintech Singapore, serves as a stark reminder of how trust and responsibility can be exploited in corporate environments. Employed to manage payroll for Bybit Fintech, Ho was tasked with processing the salaries of around 900 employees. However, her position provided an opportunity that she
In a startling development within the cryptocurrency landscape, a significant security breach has occurred at Bybit, leading to a staggering exodus of funds. The hack, which is being described as one of the most extensive in cryptocurrency history, has shaken investor confidence and resulted in a violent downturn in market values. Bitcoin, which was flirting
In an unprecedented move, Altvest Capital Limited has positioned itself as the first publicly traded company in Africa to embrace Bitcoin as a strategic treasury asset. This significant investment marks a shift in financial strategy, signaling a growing acceptance of digital currencies within traditional markets. Altvest’s decision to include Bitcoin in its treasury management framework
In recent months, a notable surge in interest surrounding the creation of the first spot XRP exchange-traded fund (ETF) in the United States has captured the attention of both investors and regulators alike. Several prominent entities, including Grayscale, Bitwise, and 21Shares, are vying to pioneer this investment vehicle. These firms have submitted their ETF applications
Ben Zhou, the CEO of Bybit, has come forward with a forceful stance against Pi Network, labeling it a scam and making it clear that his exchange will not be listing its token. This declaration is not just a casual remark; it reflects a broader concern regarding the methodology and legitimacy of Pi Network itself,
Metaplanet, a Japanese investment firm, has made headlines recently with the announcement of its robust Bitcoin portfolio, now totaling 2,100 BTC valued at approximately $196 million. This marks a significant financial milestone, demonstrating a strategic commitment to cryptocurrency as a key asset. The firm’s latest acquisition of 68.59 BTC for $6.6 million at an average
Brazil has recently etched its name into the annals of cryptocurrency history by becoming the first nation to approve a spot XRP exchange-traded fund (ETF). This groundbreaking decision, facilitated by the Brazilian Securities and Exchange Commission (CVM), marks a significant step towards mainstream adoption of digital assets. The fund, managed by the investment firm Hashdex,
