Crypto Navigates a Year of Scandals to Emerge Stronger with Record-Breaking Bitcoin Performance

Crypto Navigates a Year of Scandals to Emerge Stronger with Record-Breaking Bitcoin Performance

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…

OpenAI CEO’s New Cryptocurrency Worldcoin Launched

OpenAI CEO’s New Cryptocurrency Worldcoin Launched

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…

Over $600m Stolen From FTX as Crypto Market Loses $201bn
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Over $600m Stolen From FTX as Crypto Market Loses $201bn

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…

Crypto’s White Knight Lost 94% of His Wealth in a Single Day

Crypto’s White Knight Lost 94% of His Wealth in a Single Day

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…

The World’s Second Biggest Cryptocurrency Just Got a Lot Greener
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The World’s Second Biggest Cryptocurrency Just Got a Lot Greener

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…