On February 1st, 2024, the cryptocurrency world was shaken by news of a major theft targeting Chris Larsen, co-founder of Ripple Labs. Hackers managed to siphon off a staggering 213 million XRP tokens, worth approximately $120 million at the time, from his personal wallet. However, in a swift and decisive move, leading crypto exchange Binance […]
Will Ethereum Finally Shine in 2024? Upgrade Delay Clouds the Merge, But Hope Flickers
After years of anticipation, the much-awaited Ethereum 2.0 upgrade, nicknamed “The Merge,” may face another roadblock. Developers are currently immersed in technical discussions about potential changes, raising concerns about a possible delay. This news sends a shiver down the spines of Ethereum enthusiasts, who have longingly awaited the promised improvements in scalability and energy efficiency. […]
Bitcoin Dances Around $44K: Hopeful Inching or False Dawn Amid Market Jitters?
The king of crypto, Bitcoin, embarked on a cautious climb today, December 23rd, 2023, edging closer to the psychologically significant $44,000 mark. This tentative rally mirrors the broader stock market’s own choppy movement, leaving analysts cautiously optimistic, yet uncertain about the sustainability of this upward trajectory. Despite Bitcoin’s recent gains, the air remains thick with […]
Bitcoin Crosses $43,000 Mark, Signaling Potential Bull Run
After weeks of consolidating around the $40,000 mark, Bitcoin has finally broken through a key resistance level, reaching a high of $43,245. This is the highest price for Bitcoin since April 2022 and represents a significant milestone for the cryptocurrency. Analysts attribute this price jump to a number of factors, including: Short liquidations: As Bitcoin price […]
Changpeng Zhao Steps Down as Binance CEO Amid Regulatory Scrutiny
In a significant development, Changpeng Zhao (CZ), the founder and CEO of the world’s largest cryptocurrency exchange, Binance, has stepped down from his position effective immediately. The move comes amid mounting regulatory scrutiny of the exchange and its operations. CZ’s resignation follows a series of legal and regulatory challenges faced by Binance in recent months. […]