Recently, Monero, a popular cryptocurrency, experienced a major setback when its community crowdfunding wallet was compromised. The attack resulted in the loss of the entire balance, which amounted to 2,675.73 Monero (XMR), equivalent to approximately $460,000. The incident occurred on September 1, but it was not publicly disclosed until November 2 by Luigi, one of
Ethereum (ETH) has been making waves in the investment world, with its price inching towards the $1900 mark. As part of the broader market rally fueled by Bitcoin, ETH has seen a 5.85% increase in the last seven days, contributing to a total price surge of 15.17% in the last four weeks. However, it is
Bitcoin, often referred to as “digital gold,” has emerged as a store of value currency and an inflation hedge, according to Jurrien Timmer, Head of Global Macro at Fidelity. In an insightful post, Timmer highlighted the striking similarities between Bitcoin and gold and suggested that both assets could be part of the same investment strategy.
The Bitcoin price performance in October has undoubtedly been one of the most promising and encouraging stories in the cryptocurrency market. Despite some bearish projections for the premier cryptocurrency, analysts like Mags have remained optimistic about Bitcoin’s performance in November and beyond. In this article, we will delve into the insights offered by Mags and
The U.S. Supreme Court has taken on a significant case involving popular cryptocurrency exchange Coinbase and a dispute with its users over a Dogecoin sweepstakes. The court’s decision to review the matter will have far-reaching implications for the use of arbitration in resolving conflicts between businesses and their customers. This article analyzes the ongoing legal
The U.S. Department of the Treasury and its Office of Foreign Assets Control (OFAC) recently imposed sanctions on Russian businesswoman Ekaterina Zhdanova for her involvement in money laundering and fund movement using virtual currency and other methods. These sanctions highlight the increasing use of cryptocurrencies in illicit activities and the need for stronger regulatory controls
Unibot, a decentralized trading platform, has taken immediate action to address the recent hacking incident that occurred on October 31. The company has confirmed that it will fully compensate users who were negatively impacted by the attack. Despite a decrease in the value of Unibot tokens following the hack, the company remains optimistic about a
The meme coin markets have recently experienced a resurgence, with a 4.53% rise in volume. One of the standout performers in this space is Sponge token ($SPONGE), which has gained significant traction due to its new staking mechanism. This innovative feature has sparked renewed interest in the undervalued proposition of Sponge token, enticing investors with
In a bold and forward-looking move, Bluzelle, a leading player in Layer 1 Blockchain technology, has recently announced its strategic pivot towards the flourishing Creator Economy. This decision comes as no surprise considering the rapid growth of this market, projected to reach a staggering $480 billion by 2027. Propelled by the surge in digital media
In a recent court filing on October 27, the United States Securities and Exchange Commission (SEC) expressed its disagreement with the jury’s conclusion regarding Terraform Labs’ alleged violations. The SEC has demanded a summary judgment, challenging the jury’s leniency towards Do Kwon and his involvement in the fraudulent activities that led to the collapse of
