Author: finance
In the world of cryptocurrency and blockchain technology, Do Kwon, co-founder of Terraform Labs, remains embroiled in significant legal challenges. Recently, a US Federal Judge rescheduled Kwon’s court hearing initially programmed for March 6. This decision comes in light of the discovery of a vast array of new evidence that could significantly affect the proceedings. With an impressive four terabytes of fresh data now part of the trial, the complexity and scope of accusations against Kwon are increasing. An Unexpected Delay Triggered by Enormous Evidence The prosecution has currently handed over roughly 600 gigabytes of information, including data from Kwon’s…
Delving into recent trends in the world of cryptocurrency trading, there has been a stark decline in Bitcoin trader sentiment. This fall into the ‘extreme fear’ zone correlates with the price of the asset diminishing its recent gains. It’s a tumultuous time in the crypto environment, and this article aims to provide insights into the market’s evolving dynamics. A Brief Respite: The Crypto Reserve Hype Rally The cryptocurrency market, led by Bitcoin, kicked off the week in high spirits. A significant uptick in prices across the board echoed the positivity created by the announcement of the Crypto Strategic Reserve by…
The escalating trade war between the US and Canada could pose a significant threat to Bitcoin, due to potential disruptions in mining operations. Ontario’s Premier, Doug Ford, has expressed the possibility of imposing retaliatory tariffs on electricity exports to the northern states of US or even halting the power supply in response to tariffs imposed by the US President, Donald Trump. This eventuality introduces an element of uncertainty to the Bitcoin mining industry, which could have far-reaching implications for the digital currency’s stability and value. How The Trade Disagreement Could Affect Bitcoin’s Hashrate Ford’s remarks have brought to light the…
In a recent development, the United States Securities and Exchange Commission (SEC), a prominent regulatory body monitoring cryptocurrencies, is reportedly making considerable adjustments to its workforce. The organization is apparently offering a substantial incentive for early retirements or resignations to its employees, an action in line with overall governmental cost-cutting measures. It is implied that this broad move might be a part of a larger strategy, speculated to be driven by the Trump administration and the Department of Government Efficiency (DOGE), which focuses on minimizing government expenditure by reducing workforce numbers. A Look at the SEC’s Move Various reports suggest…
In the ever-volatile world of cryptocurrency, Bybit exchange suffered a colossal setback on February 21st due to an egregious hack valued at around $1.4 billion, placing it among the most devastating hacks in the history of centralized cryptocurrency exchange. The hack, believed to be the brainchild of the infamous Lazarus Group, resulted in the disappearance of 400,000 ETH-related tokens along with other assets. Bybit CEO, Ben Zhou, has revealed that about 20% of these purloined funds have evaporated, with 77% still capable of being traced, and 3% successfully frozen. The Exploitation of Decentralized Protocols- A Rising Concern Zhou sounded a…
As we delve into the competitive world of digital currencies, we cannot overlook the future potential of OKB. If you’re keen on understanding its market presence and predictive trends, a trusted cryptocurrency application like Finances Zippy can be your go-to source of comprehensive insights. With the boom in digital assets, U.S. President Donald Trump has initiated plans for a White House Crypto Summit. Slated for this coming Friday, March 7, the event is set to include an exclusive and select attendee list of 20-25 participants. As per the information shared by FOX Business correspondent Eleanor Terrett, the final details are…
The world of cryptocurrency is known for its unpredictability and volatility. Bitcoin (BTC), the leading cryptocurrency, recently demonstrated this by recovering from a significant drop only to create a substantial new Chicago Mercantile Exchange (CME) gap. This has led to concerns that Bitcoin might experience another dip to the low $80,000 range. Is Bitcoin’s Stability in Question? Crypto analyst Rekt Capital reported that BTC managed to fill two crucial CME gaps over the weekend, one between $78,000 and $80,700 and the other between $92,800 and $94,000. The fluctuation in price indicates the intense volatility experienced by the premier cryptocurrency over…
Setting the scene with an unfolding drama of justice, numerous victims of the infamous “wrong number” scam in the United States, including Ohio residents, are beginning to see the wheels of justice turn in their favor thanks to the proactive efforts of US authorities. The Federal Bureau of Investigation (FBI) has thus far identified 33 individuals who fell prey to cryptocurrency fraud schemes. And that’s not all – the investigative pursuit continues, with the FBI setting their sights on another five accounts and their potential owners who have possibly been victimized. Documents from the court reveal the staggering amount of…
In the picturesque landscape of Europe, where the Amalfi coast meets the Alps, an unexpected paradigm is unfurling. European stocks are consistently outperforming their US competitors. With a significant growth of 3.3% in February, the STOXX Europe 600 Index, which evaluates the performance of 600 securities across 17 European nations, has demonstrated robust performance. In contrast, the US S&P 500 dipped by 1.4% in the same month. Further, indices like the Nasdaq Composite and the Dow Jones Industrial Average experienced a slump, losing 4% and 1.6% respectively. In the backdrop of this promising financial climate, the EURO STOXX Technology, a…
Diving into the historical trends of Bitcoin (BTC), we can observe a predictable pattern. Each bull run is typically followed by a bear market, and the speculation is that the current cycle won’t be an exception. Crypto experts are anticipating the oncoming bear market to drive the BTC price as low as $25,000. This plummet would represent a significant 77% crash, bringing BTC to a possible market low. Projection of Bitcoin Slumping to $25,000 Bitcoin’s recent price surge has ignited fresh speculations and forecasts within the cryptocurrency community. A detailed prediction from renowned crypto analyst Tony Severino suggests a drawdown…