On February 25, Aya Miyaguchi made a significant announcement that marks a pivotal moment for the Ethereum Foundation (EF): she will be stepping up from the role of Executive Director to President. This decision, which Miyaguchi reflects was made a year prior, brings to light her vision for Ethereum amidst a landscape fraught with challenges
Bitcoin recently experienced one of its most dramatic downturns, shedding over 10% of its value in a mere 24-hour period, equating to an eye-watering $10,000 drop. The repercussions of this sudden decline rippled across the entire cryptocurrency landscape, leading to unprecedented liquidation figures that soared to approximately $1.6 billion. This surge in volatility not only
Bitcoin (BTC), the leading cryptocurrency known for its volatility, has recently faced significant downward pressure. With a decline of nearly 13% in just a few days, the asset has dropped from a remarkable high of $99,400 to around $86,300. This article dissects the various factors contributing to Bitcoin’s recent decline, the implications of these events,
In a striking move towards financial stability within the cryptocurrency sector, Bybit has successfully repaid a substantial loan of 40,000 Ethereum, valued at approximately $99.98 million, which it borrowed from Bitget amid a significant security breach. This incident, which resulted in a staggering $1.4 billion loss, shook the trust in digital asset exchanges, prompting wider
Recent actions taken by Grayscale Investments signal a significant shift in the U.S. cryptocurrency landscape. The Securities and Exchange Commission (SEC) has officially acknowledged Grayscale’s application to launch a spot Cardano (ADA) exchange-traded fund (ETF). This marks an essential step in the regulatory approval process, which can often be lengthy and complex. The acceptance of
In a significant move that underscores the complexities of cryptocurrency regulation, OKX, a major cryptocurrency exchange, recently resolved a $500 million settlement with U.S. authorities. This decision was made public on February 24, following an admission by the company’s CEO, Star Xu, regarding prior compliance failures. Acknowledging these missteps, Xu emphasized the relatively minor representation
In the ever-evolving landscape of cryptocurrency, Bitcoin has experienced a rollercoaster ride over the past week, plunging to a shocking low not seen since mid-January. As of now, Bitcoin’s price fell to just above $90,000, marking a significant decline of over $9,000 from its recent peak of $99,500. This price drop has triggered an avalanche
Bitcoin, which has become synonymous with cryptocurrency, recently fell below the critical price mark of $95,000, hinting at possible further declines. As February winds down, many analysts emphasize the importance of Bitcoin reclaiming certain thresholds to maintain its longer-term bullish trajectory. This article delves into the most recent trends and sentiments surrounding Bitcoin, examining the
In a significant development for the cryptocurrency sector, Robinhood Crypto has officially cleared itself of scrutiny by the Securities and Exchange Commission (SEC). The SEC’s decision, announced on February 21, 2024, to close its investigation marks a pivotal moment for Robinhood, especially following the issuance of a Wells Notice in May 2024. This change signifies
The European Union has escalated its response to the ongoing conflict in Ukraine with a series of sanctions designed to impede Russia’s financial operations. Among the notable actions taken is the sanctioning of Garantex, a cryptocurrency exchange based in Russia. Officially announced on February 24, this marks a significant moment in the EU’s strategy, as