The US Securities and Exchange Commission (SEC) is speculated to approve a spot Bitcoin ETF, causing a surge in the digital asset market. Bitcoin experienced a 6% increase on the second day of 2024, surpassing $45,000 for the first time since April 2022. The anticipation surrounding the ETF approval suggests that Bitcoin will gain institutional […]
Orbit Chain, a cryptocurrency platform, has confirmed that it was hacked, resulting in an estimated loss of $81 million. The attack is believed to be linked to North Korea, according to one expert.The hack was discovered recently and is considered to be a significant breach in the security of the platform. The stolen funds amount […]
A relatively unknown altcoin called Tellor (TRB) experienced a significant surge in price, reaching an all-time high of $619 before quickly dropping back down to $136 within a span of 13 hours on December 31st. This unusual trading activity raised suspicions when it was discovered that the Tellor team had transferred a large amount of […]
The recent attack on Orbit Chain’s cross-chain bridge has resulted in nearly $100 million worth of cryptocurrency being stolen in December, making it the fifth-highest month for hacks in 2023. The exploit targeted the bridging service of Orbit Chain, a cross-chain protocol launched in South Korea in 2018. The breach occurred on December 31st, leading […]
The Securities and Exchange Commission (SEC) is taking action on the numerous applications for Bitcoin exchange-traded funds (ETFs) that have been submitted. Crypto firms have been given a deadline to make any necessary changes to their applications, indicating that the SEC is preparing to make a decision.In the world of Bitcoin, Indonesian police have shut […]
A new mechanism for handling temporary or transient storage during smart contract execution is being proposed as part of Dencun. This proposal, known as EIP-1153, aims to introduce an opcode that would allow smart contracts to use transient storage, which would be wiped clean at the end of transaction execution.Currently, storage operations on Ethereum are […]
The XRP community is closely watching the ongoing legal case between Ripple and the SEC, especially after a recent ruling that declared Terra Luna as a security. XRP lawyer John Deaton has provided some insights into the differences between the two cases. While the Terra case had a significant impact on the crypto landscape, the […]
In a high-stakes legal battle, bankrupt cryptocurrency exchange FTX has filed a lawsuit against four former employees of its Hong Kong-based affiliate, Salameda. The lawsuit alleges that these individuals exploited their personal connections to withdraw their assets from FTX before the exchange filed for bankruptcy. FTX, along with two affiliated companies, claims that the defendants […]
In 2023, the cryptocurrency industry experienced a mix of challenges and opportunities. Regulatory crackdowns and financial collapses shook the market, while new trends emerged.Several major banks, including Silicon Valley Bank, Signature Bank, and Silvergate, faced collapse, causing panic among customers and impacting crypto companies. Silvergate Bank’s closure led to the shutdown of its instant settlement […]
Artificial intelligence (AI) could potentially play a role in Bitcoin’s price reaching $100,000 in 2024, according to GPT-4, the latest version of AI chatbot ChatGPT. While this remains highly speculative, the AI chatbot suggests that a series of favorable conditions would need to align for this scenario to occur.Some factors that could contribute to Bitcoin […]
