The cryptocurrency market has experienced a significant downturn recently, marked by a sharp decrease in total market capitalization, which has now fallen beneath the $2.8 trillion mark. Leading the charge of this decline, Bitcoin (BTC) has suffered a notable weekly loss of approximately 19%. In comparison, Ethereum (ETH) has faced an even harsher reality, with
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In a notable move that highlights tensions within the cryptocurrency sector, South Korean firm Dunamu, which oversees Upbit—one of the nation’s foremost crypto exchanges—has initiated legal proceedings against the Financial Intelligence Unit (FIU). This legal development emerges amidst a broader crackdown on crypto-related infractions within South Korea, where regulatory bodies are becoming increasingly vigilant in
On February 28, a significant event in the cryptocurrency market is set to unfold with the expiration of approximately 58,000 Bitcoin options contracts, carrying a staggering notional value of around $4.7 billion. This expiry is notably larger than regular occurrences, primarily due to its alignment with the end of the month. However, despite the high
In recent times, the cryptocurrency landscape has witnessed tumultuous shifts, with Bitcoin at the forefront of this instability. The price of Bitcoin has plunged dramatically, igniting speculation that a bear market has commenced. Various analysts are divided on the future trajectory of Bitcoin; some cling to hopes of a price resurgence, while others anticipate a
The landscape of cybersecurity is constantly evolving, particularly within the realm of cryptocurrency exchanges. The recent infiltration of Bybit, a significant player in the digital asset space, represents not only a staggering loss of $1.5 billion but also epitomizes the sophisticated tactics employed by state-sponsored hacking groups like North Korea’s Lazarus Group. This incident is
In a significant development for the cryptocurrency landscape, the US Securities and Exchange Commission’s (SEC) Division of Corporation Finance has taken a clear position on memecoins, declaring they do not qualify as securities under federal law. This declaration was laid out in a staff statement released on February 27, shedding light on a sector of
Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, recently announced that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into the platform without pursuing any enforcement actions. This announcement marks the end of a protracted inquiry that began nearly two years ago and follows months of uncertainty that had been symbolized by
The recent hack of Bybit, one of the leading cryptocurrency exchanges, has sent shockwaves through the crypto community, raising important questions about security infrastructure within blockchain-based platforms. Former CEO of Binance, Changpeng Zhao, commonly referred to as CZ, has criticized Safe Wallet’s post-mortem report regarding the attack, highlighting key concerns about the effectiveness of the
The turbulent relationship between blockchain companies and regulatory bodies has been a focal point in the evolution of the cryptocurrency landscape. One of the most recent examples is the case involving Consensys, the decentralized software company best known for its offerings related to Ethereum. In late February, the U.S. Securities and Exchange Commission (SEC) announced
In a pivotal move towards tightening regulations around cryptocurrencies, UK legislators are currently deliberating on the Crime and Policing Bill. This proposed legislation represents a significant evolution in the legal landscape surrounding criminal activities related to digital currencies, providing law enforcement agencies with enhanced powers to confiscate crypto assets associated with illegal acts. Entering the