In August 2016, the cryptocurrency exchange Bitfinex experienced one of the most significant hacks in the history of digital asset exchanges, resulting in the theft of around 120,000 Bitcoins (BTC). This cyberattack not only sent shockwaves through the cryptocurrency market but also raised pressing questions about the security protocols of exchanges and the protection of
Cash
In a significant move that underscores the rapidly evolving landscape of cryptocurrency trading, Binance has announced plans to phase out support for certain underperforming digital assets. Effective immediately, Binance will begin converting specific delisted cryptocurrencies into USDC—one of the most widely used stablecoins—by April 28, 2025. This change impacts both individual investors and the broader
The digital asset investment landscape has recently experienced modest fluctuations, with total outflows amounting to $147 million over the past week. This shift seems to stem from unexpectedly robust economic data that tempered the expectation of aggressive interest rate cuts. While trading volumes for exchange-traded products (ETPs) saw a slight uptick, rising 15% to hit
The landscape of cryptocurrency is shifting dramatically as privacy tokens face unprecedented challenges in the form of delistings from centralized exchanges. A recent report by Kaiko highlights that nearly 60 privacy tokens have been delisted this year, marking the highest rate since 2021. This surge in delistings serves as a wake-up call for stakeholders in
In July 2023, the Indian cryptocurrency exchange WazirX suffered a staggering $230 million hack that sent shockwaves through the crypto community. Given the size of the breach, users were understandably concerned about the safety and recoverability of their assets. The aftermath of the incident forced WazirX to confront an immediate crisis management scenario. In a
The impending trial of Roman Storm, co-founder of Tornado Cash, is poised to highlight the complex intersection of cryptocurrency, software development, and regulatory frameworks. Scheduled to commence on December 2, 2023, in New York, Storm faces serious money laundering charges. These charges stem from the U.S. Department of Justice’s (DOJ) assertion that Tornado Cash, a
The landscape of cryptocurrency and blockchain technology has undergone dramatic changes in recent years, with debates surrounding the definition of money, the role of decentralization, and the responsibilities of developers. The recent ruling by Judge Katherine Polk Failla in the Southern District of New York, declaring that software code used in crypto protocols such as
The business landscape has been dramatically transformed over the past few years, particularly with the rise of cryptocurrency as a viable investment avenue. One company that has particularly captured the public’s attention is MicroStrategy. Initially operating as a business intelligence firm, MicroStrategy has reinvented itself by aggressively acquiring Bitcoin since 2020. This article explores the
The Indian cryptocurrency exchange WazirX, once regarded as a leader in the digital currency landscape of India, has recently encountered a significant challenge. Following a devastating hack in July that resulted in a staggering $234 million loss—affecting nearly half of its customer base—WazirX found itself at a crossroads. The company’s request for a temporary respite
Bitcoin’s journey through the market has been nothing short of tumultuous, but as it approaches a significant price threshold, it’s imperative to analyze the potential ramifications for the broader cryptocurrency landscape. With current valuations hovering around the pivotal $64,000 mark, these levels of support and resistance will largely dictate Bitcoin’s next moves, which could have