Bitcoin soared to an all-time high above $80,000 on Sunday, with the cryptocurrency rallying in the days following Donald Trump’s projected victory in the U.S. presidential election. Bitcoin’s remarkable rise, which saw it gain 80% so far this year, has sharply outpaced the S&P 500’s 25.7% gain, marking a significant leap for digital currency enthusiasts…
Rapper and entrepreneur 50 Cent has firmly denied any involvement with cryptocurrency, despite recent activity on his social media channels suggesting otherwise. The G-Unit leader took to Instagram to address the situation, revealing that his website and X (formerly Twitter) account had been compromised. In his post, 50 Cent wrote, “My Twitter & Thisis50.com was…
Two former Massachusetts Institute of Technology students have been arrested on charges of orchestrating a sophisticated scheme that exploited the Ethereum blockchain to steal $25 million in cryptocurrency within 12 seconds. Federal prosecutors in Manhattan announced the arrest of brothers Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28, describing their method as “novel” and marking the…
In its 14th year, the cryptocurrency industry faced a series of challenges, including scandals, fraud, bankruptcy, and regulatory disputes. Despite these hurdles, 2023 is being hailed as one of the best years for the crypto space, marked by resilience, notable wins, and the anticipation of positive developments. Bitcoin, the leading cryptocurrency, demonstrated its robust performance…
Worldcoin (WLD), a revolutionary cryptocurrency project founded by Sam Altman, CEO of OpenAI, officially launched on Tuesday, introducing a unique concept that aims to transform the digital identification process. At the heart of the project is the World ID, a digital identity verification system that ensures the ID owner is a genuine human. The launch…
The market capitalisation of all cryptocurrencies plummeted to $841 billion which was a fall of $201 billion in just seven days. This was caused by the disappearance of more than $600 million in cryptocurrency from the wallets of the defunct cryptocurrency corporation FTX, with no apparent cause stated. According to reports, FTX announced on Friday…
Sam Bankman-Fried, the crypto entrepreneur known for providing a financial lifeline to struggling firms in the industry, is now in need of a bailout himself. As reported on CNN, Bankman-Fried, widely known as SBF, started this week firmly in the realm of billionaires, with an estimated fortune of more than $15 billion, according the Bloomberg…
Ethereum, the world’s second most valuable cryptocurrency, has completed a massive software upgrade that its backers claim will slash its carbon footprint. The long-awaited revamp, which is known as “The Merge,” will reduce ethereum’s energy consumption by nearly 99.95%, according to the Ethereum Foundation, a nonprofit organization dedicated to supporting the cryptocurrency and its related…
Barely a year after Tesla announced a major investment in Bitcoin, the company has now sold off most of its holdings of the cryptocurrency. At the end of 2021, Tesla offloaded 75% of its Bitcoin, which was worth about $2bn (£1.7bn) at the time. This saw the electric car company backing away as the value…
