Cryptocurrency, particularly Bitcoin, has demonstrated remarkable volatility and growth since its inception. A notable observation by analysts indicates that Bitcoin’s price movements often coincide with significant events, such as United States presidential elections. Recently, crypto analyst TechDev suggested that Bitcoin could reach an astonishing price of $139,000 in the current market cycle. What drives such
The collapse of FTX in November 2022 sent shockwaves through the cryptocurrency community and broader financial markets. Once a leading platform for digital asset trading, FTX fell victim to serious mismanagement orchestrated by its founder, Sam Bankman-Fried, and his executive team. This mismanagement primarily involved the misuse of customer funds, leading to catastrophic losses for
In an era defined by rapid technological advancements and the evolution of digital currencies, few stories illustrate the resilience and adaptability of individuals better than that of Samuel Edyme, affectionately known by his pen name, HIM-buktu. A multidisciplinary content creator, journalist, and aspiring trader, Edyme has carved a unique niche for himself amid the complexities
Magic Eden has recently unveiled the ME token airdrop, which is set to be one of the most significant community-focused distributions in 2024, boasting a remarkable prize pool of over $300 million. This move signals not just a financial incentive but also a strategic shift towards amplifying community participation within the evolving NFT landscape. As
In November 2019, the financial realm was rattled when Upbit, one of South Korea’s foremost cryptocurrency exchanges, reported a staggering theft of 342,000 ETH, valued at around $50 million at the time. In a recent investigation, South Korean authorities have tied this high-profile heist to North Korean hacking groups, notably Lazarus and Andariel, which possess
The intersecting worlds of blockchain technology and bankruptcy law are creating unprecedented challenges and opportunities. A recent ruling from the Southern District of New York exemplifies this development as Celsius Network, now in the throes of insolvency proceedings, received judicial approval to serve legal notices using non-fungible tokens (NFTs). In an era where traditional legal
Gary Gensler, who has been steering the US Securities and Exchange Commission (SEC) since April 2021, announced his resignation will take effect on January 20, 2025. This date marks a significant transition as it coincides with the inauguration of President-elect Donald Trump. Gensler describes his experience as chairman as an “honor,” expressing his admiration for
In a landmark ruling on November 21, a federal court in Texas invalidated the Securities and Exchange Commission’s (SEC) controversial dealer rule, which aimed to extend the agency’s regulatory reach within the cryptocurrency sector. The U.S. District Court for the Northern District of Texas concluded that the SEC had overstepped its statutory boundaries, rendering the
The potential appointment of Chris Giancarlo, the former Chair of the Commodity Futures Trading Commission (CFTC), as the inaugural “crypto czar” reflects a significant pivot in U.S. cryptocurrency governance. Reportedly emerging as the top candidate for this newly proposed position, Giancarlo’s background in regulatory oversight combined with his advocacy for technological innovation positions him uniquely
On November 21st, Sui Network confronted a significant setback when its mainnet unexpectedly halted block production, leading to a prolonged two-hour disruption. This incident underscores the vulnerabilities that can arise within burgeoning blockchain systems, particularly as they aspire to compete with established players like Solana. The Sui team, which includes engineers with deep ties to
