Business

17 March

Russian Crypto Miners Pivot to Dogecoin: A New Frontier?

As the cryptocurrency landscape continues to evolve, Russian crypto miners are shifting their focus toward an unexpected player—Dogecoin (DOGE). Known originally as a meme coin, Dogecoin has grown into a serious asset, attracting miners looking for new profit avenues amid tightening regulations and market shifts. Why Dogecoin? Dogecoin, which operates on a proof-of-work (PoW) system similar to Bitcoin but with …

17 March

Debiex Fined $2.5M: CFTC Uncovers Shocking Crypto Romance Scam

The Commodity Futures Trading Commission (CFTC) has ordered crypto platform Debiex to pay $2.5 million in penalties after uncovering its alleged involvement in a romance scam operation. The enforcement action highlights the growing threat of fraud in the digital asset space and the increasing scrutiny from regulators. The Allegations Against Debiex According to the CFTC, Debiex lured unsuspecting victims—many of …

17 March

OKX Suspends DEX Aggregator as EU Probes Bybit Hack Laundering Claims

In a dramatic move, leading crypto exchange OKX has halted its decentralized exchange (DEX) aggregator amid growing scrutiny from European regulators. The suspension comes as authorities investigate allegations that funds from the Bybit hack were laundered through decentralized platforms. Regulatory Scrutiny and the Bybit Hack Connection The Bybit hack, which resulted in the theft of millions in digital assets, has …

17 March

Kevin O’Leary Predicts Crypto’s Future: ‘It Will Infiltrate Every Sector’

Renowned investor and Shark Tank star Kevin O’Leary has once again voiced his strong support for cryptocurrency, predicting that digital assets will eventually become a fundamental part of every industry. In a recent interview, O’Leary emphasized that blockchain technology and crypto adoption are inevitable, despite regulatory hurdles and market volatility. Crypto’s Expanding Influence According to O’Leary, also known as “Mr. …

17 March

Capital.com Offloads Currency.com to CXNEST-Led Investors in Landmark Deal

In a major shake-up in the fintech space, Capital.com has finalized the sale of its crypto trading platform Currency.com to a group of investors led by CXNEST. The deal, which took 18 months to complete, marks a strategic shift for both parties as they look to refine their market focus. A Strategic Move for Capital.com Capital.com, a leading global trading …

17 March

South Korea’s Central Bank Dismisses Bitcoin Reserve Plans Amid Skepticism

The Bank of Korea (BOK) has dismissed the idea of establishing a strategic Bitcoin reserve, signaling its cautious stance on integrating cryptocurrencies into the country’s financial system. The central bank’s negative outlook comes amid a growing global debate on whether nations should hold Bitcoin as a reserve asset, similar to gold. Why Is South Korea Rejecting a Bitcoin Reserve? Despite …

17 March

FalconX & StoneX Make History with First CME Solana Futures Block Trade

In a landmark move for institutional crypto trading, FalconX and StoneX have executed the first-ever block trade for CME Solana (SOL) futures ahead of the product’s official launch. This milestone signals growing institutional interest in Solana’s expanding derivatives market, further cementing its status as a major player in the crypto space. What This Trade Means for the Market A block …

17 March

Peter Schiff Warns: Bitcoin Could Sink Below $65K If Nasdaq Tumbles

Renowned gold advocate and Bitcoin critic Peter Schiff has issued a fresh warning, predicting that Bitcoin (BTC) could drop below $65,000 if the Nasdaq experiences a significant downturn. Schiff, known for his skepticism toward crypto, argues that Bitcoin remains highly correlated with tech stocks and is vulnerable to broader market weakness. Schiff’s Bitcoin-Nasdaq Correlation Argument In a recent social media …

17 March

New Phishing Scam Targets Coinbase & Gemini Users with Fake Self-Custody Alerts

A new phishing scam is making the rounds, targeting users of Coinbase and Gemini by urging them to transition their assets to self-custody wallets—a tactic designed to trick victims into giving up control of their crypto. Security experts warn that this latest scheme highlights the increasing sophistication of cybercriminals exploiting the push for decentralized finance (DeFi) and personal custody. How …

17 March

Bitcoin Stalls Below $85K: Is the Bull Run Losing Steam?

After an explosive rally in 2024, Bitcoin (BTC) is struggling to break past the $85,000 mark, leaving traders questioning whether the bull market is losing momentum. While BTC remains near all-time highs, profit-taking, macroeconomic concerns, and shifting market sentiment have sparked debates about the next phase of the cycle. Why Is Bitcoin Struggling Below $85K? Several key factors are contributing …