The recent security breach at Ledger, a provider of hardware wallets for digital assets, has raised serious concerns about the safety of using decentralized applications (dApps). The company’s ‘Ledger dApp Connect Kit’ was compromised in a supply chain attack, resulting in the theft of over $484,000. This incident serves as a reminder of the vulnerabilities
The recent unlock of $195 million worth of Aptos tokens has caused a significant decline in the price of APT. Many investors are now questioning whether APT is on the verge of becoming worthless. The token unlock occurred on December 12 as part of a planned release of 24.8 million tokens into the market. This
The world of decentralized finance (DeFi) has been buzzing with excitement lately as spin-off tokens from the decentralized exchange (DEX) platforms continue to experience astonishing rallies. One of the latest tokens to skyrocket is DONK, which has seen a remarkable 4.5x price pump. This surge in price follows a trend of explosive DEX-traded token movements
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
Recent reports have revealed that the United States Securities and Exchange Commission (SEC) has implemented a “new regulatory standard” for all Bitcoin Spot Exchange-Traded Fund (ETF) applicants while awaiting approval from the regulatory body. The SEC’s latest “Cash Redemption Model” came amid the spot Bitcoin ETF issuers ironing their filings with the US regulator. It
Coinbase recently made headlines when it announced its decision to add Bonk (BONK), a Solana network token, to its list of tradable assets. This move marked a significant addition to Coinbase’s offerings, which already include memecoins like Shiba Inu and Dogecoin. Despite being a memecoin, BONK has managed to secure a position among the top
Cryptocurrency exchange Gemini has unveiled a reorganization plan that estimates users of its Gemini Earn platform will only recover between 61% and 100% of the value of their pending Earn balance as of January 19, 2023. The plan, disclosed in an update on Gemini’s website, has sparked widespread outrage among users who label it as
The Financial Accounting Standards Board (FASB) has recently adopted revised accounting rules for Bitcoin. This decision has brought significant changes to the financial landscape for corporations as it introduces fair value accounting for Bitcoin. This move aligns the treatment of Bitcoin with other financial assets. A Watershed Moment in Corporate Finance The adoption of fair
As the cryptocurrency market continues to evolve, JPMorgan analysts have taken a cautious stance. However, they are predicting that Ethereum (ETH) will surpass Bitcoin (BTC) and other digital currencies in terms of market price performance by 2024. This unique perspective within the institution highlights the analysts’ optimism for Ethereum and its potential compared to other
The crypto industry is abuzz with discussions about Tether and its potential to become the de facto central bank digital currency (CBDC) of the world. This speculation was triggered by the remarks of Howard Lutnick, CEO of Cantor Fitzgerald, a global investment bank and financial services firm. Lutnick expressed his fondness for Tether, stating that
