On December 9, 2024, Cardano, a leading player in the cryptocurrency realm, faced a crisis fueled by misinformation. While it was announced that trading for its native token, ADA, would cease on all platforms, this communication stemmed from a hack rather than any legitimate decision made by the Cardano Foundation. Incidents like this highlight the
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Bitcoin has recently struggled to maintain its position above the psychologically significant $100,000 mark, inciting a wave of concerns among investors that its prolonged bull run may be nearing its conclusion. However, these apprehensions may be unwarranted, as the cryptocurrency has exhibited resilience despite some fluctuations. Currently, Bitcoin is resting near this critical resistance level,
The upcoming decision by the U.S. Senate Banking Committee regarding the renomination of Caroline Crenshaw as a commissioner of the Securities and Exchange Commission (SEC) elicits significant attention across the financial and crypto communities. With her clear stance against cryptocurrencies, particularly demonstrated through her opposition to spot Bitcoin exchange-traded funds (ETFs), Crenshaw’s future role at
Ethereum, the leading altcoin, continues to grapple with the crucial $4,000 resistance level. Recent trends indicate a decline of about 3%, bringing its value down to approximately $3,850. This downturn, however, comes amidst cautious optimism among analysts who believe that Ethereum could soon reach new heights, largely due to a robust weekly closing performance. The
In the volatile world of cryptocurrency, few figures have garnered as much attention as Bitcoin. As the leading digital asset, Bitcoin’s price movements are closely monitored by investors, analysts, and enthusiasts alike. Recently, crypto analyst Tony Severino has positioned himself at the forefront of this discussion by predicting that the current Bitcoin bull run may
Coinbase, a leading cryptocurrency exchange, has recently found itself at the center of controversy regarding account restrictions imposed on its users. The company attributed these restrictions to a spike in fraudulent activities triggered by an increase in user activity following the US presidential election. In a December 8th post on social media platform X, Coinbase
As the month of December unfolds, many investors are contemplating the potential for Bitcoin (BTC) to shine as the year comes to a close. Traditionally, this period is marked by increased market activity and positive returns in both the cryptocurrency and equity markets. This article examines the factors that suggest December could be a favorable
The NFT (Non-Fungible Token) market has endured a tumultuous journey over the past year, characterized by peaks of exuberance and valleys of uncertainty. Recently, however, signs of a nascent recovery have emerged, prompting a closer examination of the underlying dynamics influencing this digital asset ecosystem. This article explores the current state of the NFT market,
In recent times, the Indian government has intensified its scrutiny of the cryptocurrency trading landscape, particularly focusing on the compliance of major exchanges with the Goods and Services Tax (GST). As India propels itself into the digital currency sphere, the challenge of regulating this burgeoning industry becomes increasingly apparent. The recent allegations of tax evasion
In the world of decentralized finance (DeFi), the term “sandwich attack” has emerged as a significant concern for traders and investors alike. This type of front-running exploit allows malicious actors to manipulate transactions, leading to substantial gains at the expense of unsuspecting traders. A sandwich attack occurs when an adversary identifies a pending order on