Thorchain, a decentralized exchange (DEX) platform renowned for its commitment to cross-chain interoperability, now finds itself at a critical juncture. Recent internal conflicts regarding the protocol’s response to illicit financial activities have triggered the departure of vital developers. This discord became particularly pronounced following revelations that the notorious North Korean hacking group, Lazarus Group, has
Crypto
In the rapidly evolving landscape of cryptocurrency, meme coins have emerged as a distinctive niche, often celebrated for their community-driven nature and meme-inspired branding. However, their status under federal law has sparked debates among regulators, investors, and commentators. Recently, the U.S. Securities and Exchange Commission (SEC) released an important statement clarifying its stance on the
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
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
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
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 cryptocurrency market is notoriously volatile, and Bitcoin, the leading cryptocurrency by market capitalization, is often at the forefront of significant price fluctuations. Recently, Bitcoin’s value plummeted below the $90,000 mark, primarily influenced by macroeconomic news such as US President Donald Trump’s announcement of a 25% tariff on imports from Canada and Mexico. Such geopolitical
The cryptocurrency market is experiencing a tumultuous phase as evidenced by the Bitcoin Fear & Greed Index, which has plunged to a worrying 10. This stark decline marks the lowest sentiment recorded since June 2022 and signals an atmosphere of extreme fear among investors. A notable drop from last week’s neutral stance of 49 to
In the chaotic realm of decentralized finance (DeFi), Jupiter Exchange has carved an impressive niche for itself, transcending some of the more established platforms in the field. Reporting a remarkable daily revenue of $2.73 million, Jupiter has positioned itself as a formidable competitor against the likes of major industry players, including Tether and Uniswap. With