In July, a significant breach at WazirX resulted in the theft of a staggering $230 million, marking one of the most substantial heists in the cryptocurrency landscape. A recent analysis by Arkham Intelligence has revealed that the hacker, who has been methodically laundering these funds, is now left with only $6 million in Ethereum. The
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Bitcoin has long been a topic of excitement and intrigue, particularly among financial analysts, investors, and cryptocurrency enthusiasts alike. The prevailing sentiment surrounding Bitcoin’s future remains overwhelmingly optimistic. Recent forecasts suggest the price of Bitcoin could surge dramatically, with some predicting it may even reach the landmark of $100,000 by the year 2025. Such evaluations
The cryptocurrency market illustrates a mosaic of growth patterns worldwide, yet the United Arab Emirates (UAE) stands apart as a notable exception. Recent findings from Chainalysis, a leading blockchain analysis firm, reveal that the UAE is experiencing an unprecedented surge in crypto transactions across diverse sizes and types, marking it as a keystone example of
The cryptocurrency world has been experiencing tumultuous conditions, with Cardano (ADA) emerging as a stark example of the prevailing bearish sentiment. Analysts predict a staggering potential decline of 33% for ADA, painting a grim picture for investors already disheartened by its performance. While other altcoins manage to retain some momentum in these challenging times, Cardano’s
In an era where blockchain technology continues to dominate discussions in both investment and technology sectors, Polymarket, a prominent prediction platform based in New York, is making headlines with its recent funding endeavors. According to a report by The Information, Polymarket is engaged in conversations to secure $50 million in investment capital. This funding drive
The fluctuating nature of cryptocurrencies presents both opportunities and challenges for investors. As the digital asset space continues to expand, the absence of a comprehensive regulatory framework in Australia has raised alarm bells among policymakers. The Australian Securities and Investments Commission (ASIC) is preparing to introduce a licensing regime specifically for crypto service providers, following
Recent trends in Ethereum’s price have sparked extensive discussions among investors and analysts alike. On September 6, Ethereum faced a significant decline, hitting a low of $2,150. This drop raised alarms about the potential for an even steeper decline toward the psychologically important $2,000 mark. Yet, just a week later, Ethereum rebounded to $2,460, rejuvenating
Ethereum, one of the leading cryptocurrencies, seems to have hit a challenging period recently. The digital asset’s price movement has failed to inspire confidence among its holders, leading to a sentiment of uncertainty in the market. Many factors have contributed to this predicament, particularly with spot Ethereum exchange-traded funds (ETFs) launched in the U.S. that
The Securities and Exchange Commission (SEC) recently found itself in the eye of a political storm, driven by a faction of Republican lawmakers spearheaded by Rep. Patrick McHenry and Sen. Cynthia Lummis. Their pointed criticisms of the SEC’s Staff Accounting Bulletin No. 121 (SAB 121) have raised significant concerns regarding its implications for the cryptocurrency
BNY Mellon, one of the world’s oldest and largest banks, is making noteworthy strides in the realm of cryptocurrency. A recent report from Bloomberg News revealed that BNY Mellon has successfully obtained an exemption from the Securities and Exchange Commission (SEC) regarding their handling of customer crypto holdings, specifically under the SEC’s Staff Accounting Bulletin