Ethereum, the prominent player in the blockchain arena, finds itself at a pivotal juncture, grappling with the $4,000 resistance barrier. Recently, the cryptocurrency faced a downturn of approximately 3%, dropping its price to around $3,850 on Monday. This pullback raises questions among investors and analysts about Ethereum’s ability to sustain upward momentum. Nevertheless, some industry
Crypto
The world of cryptocurrency continues to grapple with regulatory scrutiny as industry leaders begin to take significant stances against the U.S. Securities and Exchange Commission (SEC). Recently, Tyler Winklevoss, co-founder of the Gemini crypto exchange, echoed the sentiments of Brian Armstrong, CEO of Coinbase, by instituting a policy that severs ties with any law firms
As the year draws to a close, many investors find themselves contemplating the potential benefits of investing in cryptocurrencies like Bitcoin. December has historically been seen as a fruitful time for both traditional equities and digital assets, often attributed to the so-called “Santa Claus rally.” But what does this mean for Bitcoin investors as they
Recent revelations regarding tax evasion in India’s burgeoning cryptocurrency market have sent shockwaves through the financial community, highlighting the controversial dynamics of crypto trading and regulation in the country. The GST authorities have uncovered a staggering ₹99.1 million (approximately $99 million) in tax evasion involving 17 cryptocurrency exchanges operating in India, signaling an urgent need
November saw alarming statistics in the world of decentralized finance (DeFi), particularly concerning the BNB Chain, where a staggering 35.5% of its blocks were reported to be affected by Sandwich attacks. This aggressive form of front-running, a tactic where malicious actors anticipate and exploit upcoming transactions, has become increasingly prevalent. Within just one week, a
Semler Scientific, the healthcare technology provider, has made significant waves in the cryptocurrency landscape by recently acquiring an additional $30 million in Bitcoin. This purchase has bolstered their total holdings to 1,873 BTC, marking a notable strategic commitment to Bitcoin. According to the company’s formal statement, the acquisition comprised 303 BTC, which was executed between
In the volatile world of cryptocurrency, security remains a paramount concern for users. A recent incident highlighted this issue when an individual known as “LeftsideEmiri” on X disclosed a staggering loss of $300,000 due to a targeted social engineering scam. This case serves as a stark reminder of the sophisticated tactics employed by cybercriminals to
The U.S. Securities and Exchange Commission (SEC) has intensified its legal actions against Binance, one of the largest cryptocurrency exchanges globally, along with its American subsidiary Binance.US and its former CEO, Changpeng Zhao. This confrontation highlights the SEC’s efforts to assert its authority over digital asset trading platforms, particularly those deemed to operate as unregistered
In an exciting development for the Pudgy Penguins NFT project, the creators have announced their forthcoming cryptocurrency, Pengu, which is set to launch later this year. This pivotal move was made public via a post on X, marking a significant expansion for the Pudgy Penguins brand that has seen meteoric rise in fortune and stature
The world of cryptocurrency has always been synonymous with volatility, and recent developments in Bitcoin exemplify this reality. Following a remarkable surge that saw Bitcoin reach a staggering high of $102,000, the digital asset faced immediate resistance, leading to a downward adjustment. Such price fluctuations, while typical in the crypto market, underscore the inherent uncertainties