Crypto Hacks and Scams Soar to $3B in 2024, Up 15% from 2023
The crypto industry endured a challenging 2024 as Crypto Hacks and Scams capitalized on vulnerabilities, resulting in a staggering $3.01 billion in losses, according to blockchain forensic firm PeckShield. This represents a 15% increase from the $2.61 billion recorded in 2023, further underscoring the persistent security challenges plaguing the digital
Dogecoin Faces Pullback Amid Market Uncertainty
Dogecoin, the leading meme coin, has seen a significant drop in price recently, raising concerns among investors. After hitting a high of $0.4830 in December, the cryptocurrency fell to a low of $0.3415 on January 8, triggering a wave of liquidations. While the bearish sentiment is palpable, some analysts remain
Crypto Market Dips Amid Inflation Concerns and Policy Uncertainty
The cryptocurrency market faced significant declines on Wednesday, with Bitcoin, Ether, and other major tokens retreating sharply. Escalating fears of prolonged inflation and tighter monetary policy weighed heavily on investor sentiment. Bitcoin and Ether Lead the Decline Bitcoin fell 5% to $96,527 on Wednesday in Asia, retreating from its peak
Backpack Exchange Acquires FTX EU, Eyes Regulated Crypto Derivatives Market
In a strategic move set to reshape Europe’s crypto trading landscape, Backpack Exchange has acquired the European arm of the bankrupt FTX empire, FTX EU, for $32.7 million. This acquisition positions Backpack as a leading player in the burgeoning regulated cryptocurrency derivatives market across Europe. A MiFID II-License and New
Ripple Surpasses Ethereum in South Korea’s Crypto Rankings
A recent survey reveals Ripple (XRP) has surpassed Ethereum (ETH) as the second-most popular cryptocurrency among South Korean investors, while Bitcoin (BTC) continues to hold its long-standing position as the top choice. Bitcoin Reigns Supreme From 24 to 26 December 2024, a survey conducted by Korean news outlet News1 gathered
Shiba Inu Rallies as Binance Witnesses Record Trading Volume
Shiba Inu (SHIB), the second-largest meme coin, has captured attention with a notable price surge and a staggering trading volume on Binance, the world’s largest cryptocurrency exchange. The recent activity signals optimism among investors as SHIB defies bearish trends to inch closer to key resistance levels. Binance Facilitates Massive SHIB
FDIC Crypto Pause Letters Spark Outcry Over Regulatory Overreach
The Federal Deposit Insurance Corporation (FDIC) has come under fire following the release of previously redacted documents that detail its controversial stance on cryptocurrency services within the banking sector. The revelations, unveiled through a court-ordered Freedom of Information Act (FOIA) request, highlight what some see as excessive regulatory intervention aimed
XRP Surges to Third Place with $141 Billion Market Cap
XRP has made a significant leap in the cryptocurrency rankings, surpassing Tether (USDT) to claim the third spot. With a market cap of $141.1 billion, XRP’s meteoric rise highlights its growing influence and potential in the crypto market. Factors Driving XRP’s Momentum XRP’s ascent can be attributed to multiple factors,
Binance Secures 21st Regulatory Approval: Expands Reach in Latin America
Binance, the world’s largest cryptocurrency exchange, has achieved its 21st regulatory approval by acquiring a broker-dealer license in Brazil. This significant milestone highlights Binance’s growing influence in Latin America and its commitment to compliance on a global scale. Brazilian License: A Gateway to Latin America Binance has gained approval from
Ethereum ETFs Surge to Record $2.08 Billion in December Inflows
Ethereum ETFs saw a record-breaking $2.08 billion in net inflows during December, nearly doubling the previous month’s total of just over $1 billion. The surge in investor interest highlights the growing demand for ether-backed financial products and reflects a broader trend of increasing crypto ETF popularity. December Inflows: A Strong
