cryptocurrency
Bithumb Signs Sponsorship with FC Seoul as South Korean Firm Turns to Ripple Custody
- The sponsorship includes marketing activities and match-day promotions, starting with the first home game.
- In a separate development, South Korea's BDACS adopts Ripple Custody for institutional clients.
Friday, 28/02/2025 | 10:25 GMT by
Tareq Sikder
Bybit $1.4 Billion Breach Linked to Safe Wallet Vulnerability, Investigation Finds
- A forensic investigation by Sygnia found that malicious JavaScript code was injected into Safe Wallet’s AWS S3 bucket.
- Chrome cache analysis confirmed the compromised JavaScript, with the code removed from Safe Wallet’s resources two minutes after the attack.
Wednesday, 26/02/2025 | 16:32 GMT by
Tareq Sikder
Why Is XRP Crashing Despite SEC Shifts and the Potential US XRP Reserve?
- XRP falls 21.7% in 30 days despite several crypto-friendly developments, including the potential US XRP Reserve.
- The SEC drops its Coinbase lawsuit and clears Robinhood Crypto, signaling a softer crypto stance.
Tuesday, 25/02/2025 | 13:58 GMT by
Tareq Sikder
Pi Network Enters the Room: Disrupting Crypto or Just Another Coin?
- Pi Network's Open Mainnet launch sparks debate: innovation or overhyped speculation?
- Pi Coin faces liquidity concerns and questions about its true value.
- Critics highlight Pi Network's opaque operations and unconventional mining methods.
Friday, 21/02/2025 | 08:42 GMT by
Louis Parks
FTX Begins Payouts to Creditors Under $50K: Recovery Could Reach $16B
- Larger creditors will receive payments from Q2 2025, with FTX distributing $7 billion initially.
- Recovery rates vary by claim type, with overall expected recoveries ranging from 123% to 138%.
Tuesday, 18/02/2025 | 10:13 GMT by
Tareq Sikder
Argentine President Milei Faces Charges by Lawyers in Libra Crypto Collapse
- The Libra token's market value plummeted over 94% after the president deleted a post endorsing it.
- The president faces allegations of violating Public Ethics Law and involvement in pump-and-dump scheme.
Monday, 17/02/2025 | 17:29 GMT by
Tareq Sikder
Zhao Denies Binance Sale amid Asset Moves and Calls It a “Treasury Adjustment”
- Binance is more likely to acquire other exchanges rather than sell itself, a co-founder suggested.
- Earlier, Changpeng Zhao received offers to sell his 90% stake in Binance but has not taken any action.
Monday, 17/02/2025 | 14:54 GMT by
Tareq Sikder
$LIBRE Crypto Crash Triggers Impeachment Threat Against Argentina’s President Milei
- Javier Milei promoted $LIBRE, causing its price to surge before it dropped below $1 within hours.
- Argentina’s fintech chamber suggested a “rug pull,” where developers pump and dump a token.
Sunday, 16/02/2025 | 14:42 GMT by
Tareq Sikder
Two Estonians Plead Guilty to $577M Crypto Ponzi Scheme, May Face 20 Years in Prison
- HashFlare founders agreed to forfeit $400M, with funds potentially used for victim compensation.
- The founders faked mining profits, defrauded customers, and spent funds on luxuries.
Thursday, 13/02/2025 | 18:13 GMT by
Tareq Sikder
XRP Rebound or Drop? Ripple Teams Up with Revolut, Zero Hash for RLUSD
- The partnership aims to challenge USDT and USDC dominance and enhance cross-border transaction efficiency.
- XRPUSD finds intraday support after a bearish move, bouncing off 2.32750.
Wednesday, 12/02/2025 | 15:18 GMT by
Tareq Sikder
Binance and SEC Seek 60-Day Pause in Crypto Case Following Task Force Formation
- This motion marks the first pause in major crypto litigation since Mark Uyeda became SEC chair.
- Industry observers expect Ripple, Coinbase, and Kraken to file similar motions with the SEC.
Tuesday, 11/02/2025 | 10:37 GMT by
Tareq Sikder
CFTC CEO Forum Includes Circle, Coinbase, Crypto.com, Ripple in Pilot Program
- The Acting Chairman's proposed pilot program aims to offer regulatory clarity for digital asset markets.
- The CFTC has a history of using pilot programs to test regulatory frameworks, dating back to the 1990s.
Friday, 07/02/2025 | 17:06 GMT by
Tareq Sikder
Why is XRP Going Up Today: Ripple Whales Accumulate 520 Million Tokens
- Despite subdued trading, Ripple’s crypto has seen significant inflows since the start of the week.
- XRPUSD faces key resistance on intraday charts, with a potential breakout to push the price higher.
Friday, 07/02/2025 | 11:58 GMT by
Tareq Sikder
Kraken Gains MiFID License Through CySEC Approved Cypriot Firm Purchase
- The license allows the firm to offer regulated crypto derivatives to advanced traders in selected EU markets.
- In 2019, the company acquired Crypto Facilities, a UK FCA-regulated crypto futures platform.
Monday, 03/02/2025 | 14:35 GMT by
Tareq Sikder
ECB President Dismisses Bitcoin as EU Reserve amid CNB's $7B Proposal
- Christine Lagarde reaffirms Bitcoin doesn't meet the ECB’s reserve criteria of liquidity, security, and stability.
- The CNB board approved a proposal for reserve diversification, with Bitcoin as an option.
Friday, 31/01/2025 | 15:49 GMT by
Tareq Sikder
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