In the world of cryptocurrency, the ideal is to decentralize financial systems and return power to users, away from traditional banking institutions. However, recent events have shown that users of centralized exchanges like Coinbase can often fall into the very pitfalls they sought to escape. One notable incident occurred when Ethereum developer Eric Connor found
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As of now, Bitcoin (BTC) is trading in a narrow band between $94,000 and $96,000. However, recent data suggests that significant movement is imminent. Insights from blockchain analysis firm CryptoQuant have highlighted a potential for a bullish breakout in the coming weeks. Market participants are currently eager to assess whether these analytics will translate into
In a surprising turn of events, RTFKT, the innovative creator behind futuristic non-fungible token (NFT) sneakers and avatars, has declared its impending closure slated for early January 2025. Announced on December 2 via their official post on X, the firm reflected on its achievements while outlining plans to finalize operations. RTFKT’s inception in 2020 positioned
In recent times, the XRP Ledger (XRPL) has gained significant attention in the cryptocurrency landscape, particularly through the emergence of various meme tokens. Notable examples of these tokens include ARMY, 589, XPILL, PHNIX, and RIPPIE. These assets have experienced meteoric rises in value, fueled largely by a renewed interest in Ripple’s XRP token, which has
In a notable shift within the cryptocurrency market, Bitcoin has experienced significant outflows amounting to $457 million over the past week. This development is particularly striking as it marks the first substantial withdrawal since early September. Analysts at CoinShares attribute this trend to profit-taking behavior, especially following Bitcoin’s approach to the psychologically significant $100,000 threshold.
Recently, XRP has erupted in value, marking one of the most significant rallies in its history. Having surged over 100% in just a week, the cryptocurrency broke through well-established resistance levels. It accomplished a remarkable feat by crossing the $2 barrier and reaching $2.5, a price point that victims of the market have not seen
In a surprising turn of events, XRP has ascended to become the third-largest cryptocurrency by market capitalization, surpassing the well-established stablecoin Tether (USDT) and the highly publicized “Ethereum Killer,” Solana (SOL). Recent data indicates that XRP’s market cap has exceeded $1.35 trillion, positioning it firmly behind only Bitcoin (BTC) and Ethereum (ETH). This rapid rise
The cryptocurrency landscape has never been more volatile, and the recent announcement from DMM Bitcoin marks another dark chapter in its tumultuous history. This Japanese exchange, which once held considerable promise, is set to cease operations by March 2025. The decision comes on the heels of a catastrophic hack that resulted in the loss of
On December 1, 2023, Clipper, a decentralized exchange (DEX), faced a significant security breach at approximately 4 AM UTC, resulting in substantial financial losses. Targeting its liquidity pools on the Optimism and Base networks, the incident has raised questions about the security protocols inherent in decentralized finance models. The initial response from Chaofan Shou, co-founder
In recent discussions surrounding cryptocurrency and blockchain technology, few narratives have been as illuminating as that of Libra, the ambitious project initiated by Facebook, which later pivoted to become Diem. David Marcus, who spearheaded the effort, has provided a critical retrospective on why the project ultimately fell short. His reflections shed light on the interplay