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
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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
In recent years, the United Kingdom has witnessed a remarkable surge in interest and participation in digital assets. With approximately 6 million individuals and 32% of UK institutions venturing into this dynamic domain, the rationale for a regulated digital currency solution has become increasingly evident. Amidst this backdrop, Agant’s initiative to launch GBPA, a stablecoin
As of recent observations, Ethereum (ETH) has encountered a significant period of consolidation since reaching a local peak of $4,446 on November 12. This period of stagnation comes at a time when Bitcoin’s remarkable rally has garnered much of the market’s attention, leaving Ethereum in a somewhat precarious position. The fluctuations in Ethereum’s price reveal
In a notable display of support within the cryptocurrency realm, Jesse Powell, the CEO and founder of the Kraken crypto exchange, has publicly backed Brian Brooks as a strong candidate for the role of Chair of the Securities and Exchange Commission (SEC). This endorsement, articulated through a recent post on social media platform X, underscores
In the ever-evolving landscape of cryptocurrency, where fortunes can be made or lost in the blink of an eye, few stories are as compelling as that of Samuel Edyme, known by his moniker HIM-buktu. His journey began not with a serendipitous investment or prudent trading strategy, but as a cautionary tale—the unfortunate victim of a
The cryptocurrency market has always been rife with new innovations and speculative ventures, and Binance’s newly introduced token, BFUSD, is no exception. Announced recently, BFUSD promises an aggressive 19.55% annual percentage yield (APY), enticing users to consider it as a lucrative alternative to traditional stablecoins. As users look for high-yield investments, the introduction of BFUSD