In the ever-evolving landscape of cryptocurrency, Bitcoin remains the most talked-about asset, especially during significant market cycles. Recently, renowned crypto analyst TechDev has made a bold prediction: Bitcoin could soar to $139,000 in the current market cycle. This forecast is rooted in the observation of Bitcoin’s price movements during previous U.S. presidential election cycles, which
In a landmark decision, the US District Court for the Northern District of Texas has invalidated a controversial rule proposed by the Securities and Exchange Commission (SEC), deeming it as exceeding statutory authority. The ruling, delivered on November 21, stands as a crucial moment for the burgeoning digital asset sector, which has long wrestled with
FTX, along with its associated debtors, has revealed a timeline indicating their aim to fulfill their Chapter 11 Plan of Reorganization by January 2025. This comprehensive plan primarily focuses on distributing assets to creditors and former customers who suffered losses during the company’s turbulent decline. As part of this reorganization, specialized distribution agents will finalize
Magic Eden has set the stage for a groundbreaking opportunity in the NFT marketplace with the announcement of the ME token airdrop expected to distribute over $300 million. This initiative is hailed as one of the largest community-driven airdrops of 2024. For individuals interested in the evolving landscape of NFTs and decentralized finance, the ME
The emergence of the cryptocurrency market, currently valued at around $3 trillion, has prompted calls for dedicated leadership to navigate its complex landscape. Former Commodity Futures Trading Commission (CFTC) Chair Chris Giancarlo, affectionately dubbed “Crypto Dad,” has been positioned as the frontrunner for the newly proposed role of White House “crypto czar.” This initiative, reportedly
In November 2019, South Korea’s Upbit cryptocurrency exchange endured a monumental cybercrime, marking one of the largest heists in the digital currency space. Investigators have since linked the operation to North Korean hacking groups, specifically Lazarus and Andariel, known for their sophisticated and brazen cyber attacks. Understanding the intricacies of this heist not only illustrates
In the ever-evolving world of cryptocurrency, few stories are as captivating as that of Samuel Edyme, affectionately known as HIM-buktu. His entry into the crypto landscape wasn’t paved with golden coins but rather marred by an experience that many would consider a setback: falling victim to a Ponzi scheme that exploited the allure of cryptocurrency.
In a groundbreaking decision, a bankruptcy judge for the Southern District of New York has permitted Celsius Network to issue legal notices via non-fungible token (NFT) airdrops, a move that signals a significant shift in how legal processes can adapt to the complexities of the digital age. Celsius Network, currently embroiled in insolvency proceedings, finds
Gary Gensler’s upcoming departure as the Chairman of the U.S. Securities and Exchange Commission (SEC) marks a pivotal moment not only for the agency but also for the broader financial regulatory landscape as the nation braces for a new administration. Announced to coincide with President-elect Donald Trump’s inauguration on January 20, 2025, Gensler will conclude
On November 21st, the Sui Network experienced a significant setback when it failed to generate blocks on its mainnet, leading to a temporary halt in blockchain operations. This disruption lasted for two hours, raising concerns among users and investors alike. Following this downtime, the network successfully resumed transaction processing, thanks largely to the quick actions