The cryptocurrency industry has long been plagued by the issue of hacking, with billions of dollars in digital assets being stolen annually. However, a recent research study conducted by TRM Labs has revealed a significant downturn in hack volumes in 2023. Compared to the previous year, there was a more than 50% reduction in the
Crypto
Cryptocurrency exchange-traded funds (ETFs) are gaining significant attention this season as traditional finance companies are seeking regulatory approval to introduce more of these investment vehicles to the market. The latest player in this space is First Trust, an asset management firm looking to create a unique Bitcoin ETF. Unlike traditional spot products, First Trust aims
Tether, the company behind the largest stablecoin, has taken the initiative to address concerns raised by Senator Cynthia Lummis and Rep. French Hill regarding the alleged use of stablecoins in illicit activities such as funding terrorism and money laundering. The company has released two letters sent to the US Senate Committee on Banking, Housing, and
The price of Bitcoin has once again lost its momentum, retracing back down to around $42,000 over the past 24 hours. This comes after a week of highs and lows for the leading cryptocurrency. Just a week ago, Bitcoin experienced a surge in price to $44,700, marking its highest price tag in over a year
Bitcoin (BTC) adoption is gaining traction in developing countries, and according to investment management firm Franklin Templeton, this trend is set to continue. Sandy Kaul, the Head of Digital Asset & Investor Advisory Services at Franklin Templeton, highlighted the role of Bitcoin in leveling the playing field for smaller economies. Kaul believes that the digital
After consistently denying approval for a spot Bitcoin ETF for American investors over the years, there are indications that SEC chair Gary Gensler might be reconsidering his position in light of Grayscale’s recent legal triumph. This article will explore Gensler’s potential shift in stance and the implications it may have for the cryptocurrency industry. While
Bitcoin experienced a turbulent journey recently, influenced by the vulnerability issues uncovered by leading wallet company Ledger. However, the cryptocurrency has now settled at just under $43,000. While most altcoins have seen minor fluctuations, SOL has continued to rise, driven by the hype surrounding the new meme coin sensation known as BONK. Bitcoin reached a
Bitcoin block space has been a topic of debate among critics, particularly regarding the efficiency of inscriptions such as BRC-20 tokens and their impact on regular BTC transfers. However, a closer analysis of on-chain data suggests that these inscriptions are not a denial of service attack but rather a way to optimize block space utilization.
Cryptocurrency users are facing a new scam tactic known as “Approval Phishing” which has gained prominence in recent years. This deceptive approach initially targeted victims through the distribution of fraudulent crypto apps. However, it appears that romance fraudsters, commonly referred to as “pig butchering scammers,” have now adopted this method as part of their strategies.
Bitcoin, the leading cryptocurrency, has experienced a tumultuous few days. After briefly reaching a high of $44,700, it quickly retraced to $44,000 before plummeting even further to under $41,000. The downtrend continued on Tuesday when Bitcoin slipped to $40,200. However, the bulls managed to defend this level and once again pushed BTC north, reaching the
