Recent investigations led by on-chain expert ZachXBT have uncovered a staggering reality: Coinbase users lose over $300 million annually due to rampant social engineering scams. As cryptocurrency adoption increases, so too do the tactics employed by cybercriminals. The increasing number of reports on social media, where users detail unexpected account restrictions, has drawn a direct
The cryptocurrency market is notoriously volatile, often governed by the whims of market sentiment, economic indicators, and geopolitical events. Recently, Bitcoin, the leading cryptocurrency, experienced a sharp decline in its open interest, plummeting by a notable $4.5 billion over one weekend. This significant drop, moving from $65 billion down to $61.5 billion, signals a concerning
Elon Musk, an influential figure in the tech and finance realms, recently stirred the pot concerning the U.S. Treasury’s approach to managing public funds. His critiques, aimed at fraud and mismanagement within the Department of Government Efficiency (D.O.G.E.), have reignited discussions about the role of technology in governance. On February 2, Musk expressed his discontent
In a significant move for the cryptocurrency landscape, Kraken, a prominent crypto exchange, has successfully obtained a Markets in Financial Instruments Directive (MiFID) license in the European Union. This achievement, announced on February 3, opens up an array of regulated derivatives offerings tailored to meet the needs of sophisticated investors across key EU markets. The
The cryptocurrency landscape is notorious for its wild fluctuations, and recent events have only underscored this reputation. In early February 2023, XRP, once a shining beacon of optimism with significant gains leading into the new year, found itself amidst a dramatic downturn. As market data indicated, XRP’s price plummeted beneath the $2 threshold—an alarming drop
The cryptocurrency market has recently become a battleground, with Ethereum taking center stage amid a wave of panic selling. Over the course of one tumultuous Sunday, Ethereum (ETH) saw its value plummet by over 30%, marking an alarming descent that has left many investors and analysts reeling. This drastic sell-off was not an isolated incident
In a recent statement, Bybit CEO Ben Zhou raised eyebrows by contesting the widely accepted figures surrounding crypto market liquidations, which were reported to be around $2 billion. Zhou’s assertion that the true figure may actually fall between $8 billion and $10 billion has ignited discussions about the integrity of liquidation data in the cryptocurrency
In a tumultuous cryptocurrency market characterized by steep declines following geopolitical tensions and economic policies, one token has managed to stand out dramatically. DeXe Protocol’s native token, DEXE, has demonstrated remarkable resilience, defying the prevailing bearish trends that have plagued major cryptocurrencies. This article delves into the reasons behind DEXE’s impressive performance and explores its
India is at a crossroads when it comes to its regulatory landscape for cryptocurrencies. Recent reports suggest that the Indian government is reevaluating its position on digital assets, which reflects a broader trend emerging globally. As attitudes toward cryptocurrencies become increasingly favorable, especially in jurisdictions like the United States where pro-crypto regulations are gaining traction,
In the midst of turbulent economic exchanges, the recent imposition of tariffs by the United States government has ignited discussions regarding the impacts of trade policies on various financial instruments, particularly cryptocurrencies. One voice in this debate is Jeff Park, Head of Strategy at Bitwise, who sees tariffs as a significant catalyst for Bitcoin’s ascendance.