In a trailblazing move, Bybit, a prominent cryptocurrency exchange, recently unveiled an Islamic crypto account designed specifically for Muslim investors. Announced on September 24, this initiative aims to provide a compliant and accessible trading environment for the Islamic community. Bybit’s CEO, Ben Zhou, made this significant announcement through a post on social media platform X,
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.
In the rapidly evolving landscape of cryptocurrency, where both excitement and confusion thrive, Semilore Faleti has emerged as a crucial figure in the field of digital asset journalism. With a passion for breaking down complex information into digestible insights, Faleti has established himself as a knowledgeable and trustworthy source. His transition from general topics to
In a pivotal move within the cryptocurrency landscape, TrustToken and TrueCoin, the developers behind the TrueUSD (TUSD) stablecoin, recently reached a settlement with the U.S. Securities and Exchange Commission (SEC). This comes in response to allegations involving fraudulent and unregistered securities transactions associated with TUSD. The two companies collectively agreed to disburse $700,000 in penalties
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
In the ever-changing landscape of the cryptocurrency market, the last 24 hours have been particularly eventful, spotlighting Bitcoin’s notable recovery. After fluctuating around $61,000, Bitcoin managed to break through a crucial psychological barrier, climbing to approximately $62,250. This shift comes on the heels of a minor dip that saw its price plummet to nearly $60,800,
The world of cryptocurrency, often shrouded in innovation and potential, has recently witnessed a disconcerting rise in security breaches. According to a report from the blockchain security firm PeckShield, September 2024 was particularly alarming, with over 20 hacking incidents recorded and losses exceeding $120 million. The gravity of this situation is underscored by the notable
Semilore Faleti stands out as a prominent voice in the world of cryptocurrency journalism. Emerging from a diverse background of writing, Faleti honed his expertise by diving deep into the complexities of blockchain technology and digital currencies. His commitment to understanding the nuanced mechanics of these assets has allowed him to develop a unique perspective
In the fast-paced and often enigmatic world of cryptocurrency, few have succeeded in translating its complexities into accessible content as effectively as Semilore Faleti. With a background in diverse writing subjects, Semilore honed his craft by focusing specifically on cryptocurrencies and blockchain technology, where he found his true passion. His contributions continue to shape a
The cryptocurrency world is notoriously volatile, and Ethereum (ETH) has recently demonstrated this truth all too vividly. After an impressive surge of optimism earlier in the month, ETH has plummeted by 10.3% from its highs earlier last week. This sudden downturn has sparked considerable concern among analysts and investors, many of whom now speculate that
