The recent announcement from the FTX Recovery Trust regarding the distribution of over $5 billion to creditors marks a significant yet contentious chapter in the saga of the failed crypto exchange. Amidst the chaos of cryptocurrency’s volatility and the damaging fallout of mismanagement, the efforts to reimburse creditors are, undeniably, a step in the right
Crypto
In an age where digital currencies and decentralized finance are altering the economic landscape, the involvement of political figures in this world raises profound moral and ethical questions. President Donald Trump’s foray into cryptocurrency and fundraising exemplifies this modern phenomenon of political capitalism—a term that captures the commodification of influence and power. The recent inquiry
Binance, the preeminent player in the cryptocurrency exchange landscape, has achieved an impressive feat by maintaining a reserve ratio exceeding 100% for an unbroken 30 months. This statistic has become pivotal in sustaining user trust in the wake of tumultuous events in the crypto space, most notably the fallout from the FTX collapse. At a
In recent days, Ethereum (ETH)—the second-largest cryptocurrency—has undeniably stolen the spotlight, recording an astounding 40% increase in value over a mere week. This remarkable spike saw Ethereum’s price traverse the $2,600 mark, a high it hadn’t reached since late February. However, the euphoria was accompanied by some market adjustments, as ETH currently adjusts to hover
In what can only be described as a seismic shift, Bitcoin has surged past the remarkable threshold of $106,000—an extraordinary feat not witnessed in the last four months. This impressive rally comes on the heels of the US and China lifting substantial tariffs, suggesting that global trade tensions may be easing. While some may attribute
In early March, an unexpected digital uproar echoed through the corridors of Washington, D.C., stemming from a bold post on Truth Social by none other than former President Donald Trump. Aiming to bolster support for a nascent initiative branded as the “Crypto Strategic Reserve,” the post was intended to cement Trump’s association with the booming
In a recently released analysis, Standard Chartered’s Geoff Kendrick has highlighted a compelling correlation between Binance Coin (BNB) and a basket of prominent cryptocurrencies, notably Bitcoin and Ethereum. This observation is crucial considering that since May 2021, BNB has showcased returns and volatility that mirror those of Bitcoin and Ethereum. This discovery not only underscores
In an unprecedented swing, Ethereum (ETH) has surged a staggering 23% in just 24 hours, reaching over $2,400. This resounding uptick has ignited waves of optimism among investors, many of whom are heralding the emergence of a bull market. Enthusiasts on social platforms buzz with excitement, hatching wild predictions: targets of $4,000, $12,000, and even
In the unpredictable world of cryptocurrency, the recent resurgence of meme coins has stunned even the most seasoned investors. Just in the last day, the jump in value for these quirky tokens has added approximately $4 billion to the market. Amid a broader crypto rally, popular names like Dogecoin and Shiba Inu soar as crypto
Crypto.com’s decision to establish a regional office in Washington, D.C., is not merely an expansion; it’s a calculated maneuver that highlights the growing importance of regulatory frameworks in the cryptocurrency sector. Located near the White House, the timing couldn’t be more opportune. The current U.S. Administration is pursuing what many in the crypto community see