Stablecoins, the cryptocurrencies pegged to fiat currencies like the U.S. dollar to keep their value steady, can still face failures. Several well-known examples demonstrate that maintaining stability is more challenging than it appears.
Authorities have also targeted two crypto exchanges for allegedly facilitating cybercriminals and ransomware actors based in Russia.
Tokyo-listed company Remixpoint invested 750 million yen in crypto as part of its broader plan to invest 1.5 billion yen in cryptocurrencies.
A select group of Russian companies, including electronics producers and financial institutions, has received approval to use cryptocurrencies for Chinese imports under a pilot legal framework. Overseen by Russia's central bank and the Ministry of Finance, this initiative targets firms handling dual-use products and facing challenges with international payments, particularly with China.
According to the latest research by Coinbase, the relationship between cryptocurrencies and stock markets has become remarkable. This interplay is about 50% as of September 2024, mostly due to global monetary easing initiatives carried out by major countries such the United States and China.
Base has been taking full advantage of growth opportunities as the crypto market embraces bullish sentiment.
Cryptoquant's chief executive has expressed optimism about the return of former Binance CEO Changpeng Zhao (CZ), believing it could lead to major market movements. “Bullish vibes everywhere,” he said, emphasizing that CZ “just needs to post ‘I'm back' and the market will skyrocket.
One indicator suggests that rallies are on the horizon for one Telegram-based gaming token, according to a popular crypto analyst. Ali Martinez tells his 72,600 followers on the social media platform X that Notcoin (NOT) flashed a bullish signal on its Supertrend Indicator, which provides buy and sell signals based on price action and volatility.
A prominent crypto whale has lost more than $32 million worth of tokens after signing a malicious transaction, according to blockchain security service ScamSniffer. The breach targeted the victim's wallet through Spark's decentralized finance (DeFi) platform and resulted in the theft of 12.083 wrapped ether (spWETH) tokens.
Binance co-founder Changpeng Zhao, fondly known in the crypto space as CZ, was slated to be released from custody on Friday evening, two days ahead of his scheduled release date, following his four-month stint in prison.
Stand With Crypto drops Kamala Harris' 'B' crypto grade, now marking her stance as 'Needs more information' after community pushback.
The US is in danger of being left behind by more progressive jurisdictions in Asia, Europe and elsewhere.
Mark Cuban once thought he'd retire by 35. Now he's 66 and shows no sign of slowing down.
Binance, the largest cryptocurrency exchange in the world, revealed it will stop offering support for the Turkish language on its platform. This decision is driven by new legal requirements imposed by local authorities in Turkey, highlighting the challenges that cryptocurrency exchanges face when navigating various regulatory environments.
FTX repayments start next week. Most don't understand what this means.
John Deaton is dead set against a federal central bank digital currency (CBDC) by the U.S. Federal Reserve. The pro-crypto attorney is currently running for the Senate in Massachusetts and has vowed to oppose any move that gives the government power to control people's spending habits.
FTX creditors are waiting for a possible 10-25% crypto recovery, according to Sunil Kavuri, an activist representing their interests.
Following the collapse of the FTX exchange, the FTT token collapsed by more than 80% and wiped away over $2 billion in customer value.
The upcoming week could mark an important juncture for the cryptocurrency market, as the bankrupt derivatives exchange FTX repayments process begins – probably one of the most highly anticipated repayment processes. But, with nearly $16 billion set to be returned to crypto traders, analysts think buying pressure for Bitcoin, and especially altcoins is set to
According to blockchain security firm ScamSniffer in a post on X, a crypto whale reportedly lost more than $32 million in tokens after falling victim to a malicious transaction that allegedly led to Inferno Drainer. The loss involved wrapped Ether (spWETH) tokens from the decentralized finance DeFi platform Spark, with 12,083 tokens being drained from
Changpeng Zhao, the charismatic founder of Binance, has recently regained his freedom after four months of incarceration. While his release from prison marks the end of a tumultuous chapter, it also raises questions about his future within the crypto empire he has built.
Crypto sleuth ZachXBT has noted an uptick in crypto robberies, precisely, physical robberies where people in the digital currency space are being held and threatened at gunpoint. Armed robbers have started targeting cryptocurrency traders in Western Europe, including some of the top names in the industry.
On September 28, the Web3 anti-scam platform ScamSniffer reported that a wallet holding 12,083 spWETH, worth $32.43 million, got drained.
Coinscribble by Coinbound / Empire has introduced a social media platform catering to crypto traders and enthusiasts, regardless of their experience level or the size of their portfolios.
A liquid staking protocol says that bad actors made away with millions of dollars worth of crypto assets after hacking into the decentralized finance (DeFi) platform.
According to a Bloomberg report, Changpeng Zhao (CZ), co-founder and former CEO of Binance, was released from a US correctional facility on Friday, September 27th. CZ, who was sentenced to four months in prison in April 2024, was originally supposed to regain his freedom on Sunday, 29th of September.
Changpeng Zhao, the famous founder of the crypto exchange platform Binance, has just regained his freedom after a shortened prison sentence. This release marks a new chapter in the tumultuous history of the crypto entrepreneur, whose empire has been shaken by legal troubles in the United States.
The United States Federal Reserve's recent decision to cut interest rates for the first time since March 2020 is expected to impact the income streams of the top five centralized stablecoins.
The prominent crypto researcher, Qiao Wang of Alliance through a latest X post has brought a sigh of relief to the community.
The attack was powered by the Inferno Drainer, a powerful and popular scam-as-a-service which has affected over 200,000 victims.
Arthur Hayes, the co-founder of the BitMEX crypto exchange, has been accumulating meme coins this past week. The crypto founder revealed that he is trying to create a meme coin portfolio ahead of ‘Uptober,' while asking his followers to recommend coins for him to buy.
Yemen, under the control of Houthi rebels, has not only become a focal point for geopolitical tensions but also a surprising hub for cryptocurrency adoption. This comes at a time when the Houthis launched a significant missile attack targeting key Israeli cities, including Tel Aviv and Rishon LeZion, on the afternoon of September 28, 2024.
The complainants assert that the DOJ's diversion of funds violates the terms of the U.S. Victims of State Sponsored Terrorism Act.
Hezbollah leader Hassan Nasrallah has been reported dead in what sources are describing as a targeted operation by Israeli forces. This incident, which has yet to be officially confirmed by Hezbollah or the Israeli government, is already reverberating across the Middle East, with Iran's response being closely watched by international observers.
In a recent article, the Canadian Securities Administrators (CSA) stated that crypto exchanges have more time to follow the new rules and regulations of stablecoins.
The U.S. Department of Justice, in collaboration with various federal and international law enforcement agencies, has filed charges against two Russian individuals for a series of cybercrimes, including operating unauthorized cryptocurrency exchanges.
In September 2023, Binance proudly announced the end of its operations in Russia, a market that had become too complex to manage due to international sanctions. A year later, the reality seems more nuanced.
The crypto world is full of technical terms, some of which are so difficult that almost no one understands them.
Memecoins have attracted massive volume in the past few days, which has soared from levels around $4 billion to close to $8 billion at the moment. The sudden rise in the levels does suggest a potential shift of focus of the traders back to over the memecoins.
With two world's largest economies — the United States and China — both being close to the start of the next easing cycles, the macro conditions for a cryptocurrency rally look potentially strong, analyst Qiao Wang of Alliance says.
FTX creditors continue to hope they will be made whole following the exchange's collapse in November 2022. As the decision regarding the platform's restructuring looms, it remains to be seen what form the payments will take.
Binance founder and former CEO Changpeng Zhao (CZ) has been released from U.S. custody after serving a four-month sentence for his role in compliance failures at Binance. His sentence followed a plea deal that included a $50 million fine and stepping down as Binance's CEO.
Go to the Website: Once on the homepage, click the “Sign Up” button. Create an account with your basic information, such as email address, and set a secure password.
Someone lost (yet another) millions of dollars worth of funds to a phishing attack while using decentralized finance (DeFi). This is a common mistake among users, affecting even investors with advanced knowledge if using cryptocurrencies that facilitate these attacks.
A savvy crypto trader recently executed a highly profitable cryptocurrency trade, making a significant gain within a few hours. By purchasing 3AC tokens at a strategic time, the trader demonstrated sharp market instincts, ultimately yielding substantial returns.
The crypto universe is set to witness a shift in market sentiments surrounding 13 coins, primarily due to massive token unlocks ahead. Traders and investors remain cautious as a colossal supply surge for these tokens looms over the horizon.
Binance is currently valued at $64 billion in 2024, taking top spot among crypto fintechs.