The bitcoin bulls are making a strong comeback, pushing the world’s leading cryptocurrency to surge past the $52,000 mark. This rally comes after a brief dip below $50,000 triggered by hotter-than-expected US inflation data, but investors shrugged off the uncertainty, demonstrating their resilient confidence in the future of digital assets. This surge not only marks
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The cryptocurrency industry has become increasingly vulnerable to cyber criminals, and the recent attack by the Angel Drainer phishing group is a testament to this alarming trend. This article will delve into the details of their latest attack, highlighting their modus operandi, the extent of the damage they have caused, and the implications for cybersecurity
The role of cryptocurrency in funding terrorist activities has been a subject of concern and speculation in recent years. However, Brian Nelson, Undersecretary for Terrorism and Financial Intelligence at the US Department of the Treasury, challenged the widely held beliefs about this issue during his testimony to Congress on Feb. 14. In this article, we
In a recent turn of events, a suspected scam coin operator was arrested in Gimpo, Gyeonggi Province, South Korea. This arrest seems to be related to the ongoing controversy surrounding the blockchain firm Winnerz. This article will delve into the details of the case and shed light on the fraudulent activities that have taken place
Bitcoin, the flagship cryptocurrency, continues to be a subject of debate among experts in the financial market. A recent interview on CNBC’s “Squawk Box” featuring Joe Kernen, a news anchor, and SEC Chair Gary Gensler shed light on differing perspectives about Bitcoin’s decentralized nature and its role in investor protection. In this article, we delve
Bitcoin, the leading cryptocurrency in the market, has once again come under scrutiny from the United States Securities and Exchange Commission (SEC) Chair Gary Gensler. Despite the recent approval of 11 Spot Bitcoin Exchange-Traded Funds (ETFs) by the agency, Gensler has remained critical of Bitcoin and the broader cryptocurrency industry as a whole. In a
The US Treasury Department’s Office of Terrorism & Financial Intelligence (TFI) has raised serious concerns about the use of cryptocurrencies in illicit financial activities. TFI Under Secretary Brian Nelson recently presented a statement to the House Financial Services Committee, expressing the urgent need for enhanced tools and authorities to combat illicit fund movements facilitated by
Ripple, the popular cryptocurrency company, recently made major headlines with its announcement of the acquisition of Standard Custody & Trust Company, a digital asset custodian. This move signifies Ripple’s intention to expand into new sectors beyond its core payments network business. While this development may have a significant impact on the price of XRP, Ripple’s
Bitcoin, the undoubted leader of the cryptocurrency market, has once again captured the spotlight with its recent surge in price, surpassing the highly anticipated $50,000 milestone. This upward price movement, combined with the “extreme greed” reading on the Crypto Fear and Greed Index, suggests a market overflowing with optimism. However, such exuberance also raises concerns
XRP price is currently facing hurdles as it struggles to break through the $0.5350 and $0.5380 resistance levels. Despite trading above $0.520 and the 100 simple moving average (4 hours), the bears have managed to keep the price in check, unlike Bitcoin and Ethereum. However, there is still potential for a fresh rally if XRP