In recent years, the landscape of employer-sponsored retirement plans has undergone a significant transformation, with some plans now allowing employees to invest in cryptocurrency through their 401(k) accounts. This shift has drawn attention from federal regulators and industry experts, who express concerns regarding the risks associated with such investments. The Appeal and Risks of Crypto…
In 2024, the world of cryptocurrency faced a staggering challenge, with a total of $2.2 billion reported stolen from various crypto platforms. This marks a significant 21.07% increase compared to the previous year, underscoring the persistent threat of hacking within the digital finance landscape. The number of hacking incidents also rose, climbing from 282 in…
The landscape of cryptocurrency crime has evolved significantly over recent years, with hacking incidents continuing to pose a serious threat. According to the latest findings from the Chainalysis 2024 Crypto Crime Report, while the total amount of funds stolen from crypto platforms fell sharply by more than 50% in 2023, the number of hacking incidents…
The NFT market experienced a notable resurgence in 2024, achieving a total sales volume of $8.8 billion, surpassing the previous year’s figures by $100 million. Although the growth was gradual, it reaffirmed the ongoing relevance of NFTs within the blockchain ecosystem. NFT Market Highlights of 2024 Throughout the year, Ethereum and Bitcoin dominated the NFT…
According to H.C. Wainwright, the future of Bitcoin appears optimistic, with projections suggesting it could soar to $225,000 by the end of 2025. This forecast is based on a combination of factors, including anticipated regulatory clarity and growing institutional interest in the cryptocurrency market. Price Target Adjustment The investment firm recently revised its price target…
As the new year begins, the cryptocurrency market is experiencing a resurgence, with Bitcoin leading the charge. On January 2, 2025, Bitcoin’s price surged by 3%, reaching $97,234.80, marking a nearly 4% increase since the start of the year. This positive momentum is reflected across the broader cryptocurrency landscape, as the CoinDesk 20 index, a…
Elon Musk, the CEO of Tesla and X, is once again making headlines with his unconventional social media antics that often send shockwaves through the cryptocurrency market. Recently, a playful stunt involving a change to his X profile has led to a significant surge in the value of certain meme coins. Profile Changes Ignite Market…
The tumultuous landscape of the cryptocurrency market continues to shift as FTX, the once-prominent exchange, has initiated legal action against Binance and its former CEO, Changpeng Zhao, seeking to recover approximately $1.76 billion. This lawsuit, filed in a Delaware court, centers around a controversial share transaction that took place in 2021. Details of the Lawsuit…
Bitcoin surged to new heights on Monday, reaching a remarkable price of $89,174, marking a significant increase of over 12% in response to the recent election victory of Donald Trump. This rally has been characterized by a wave of enthusiasm in the cryptocurrency market, as investors react to the promises made by the president-elect regarding…
Bitcoin’s recent surge has captivated the attention of investors and crypto enthusiasts alike. On Tuesday, the digital currency resumed its upward trajectory, showing a notable increase of 2% and reaching a price of $89,338.20. Just before the stock market closed, it even touched a peak of $90,036.17, following a remarkable climb that saw it breach…
