-
Why Bitcoin Just Dropped Below $54K: US Job Market Turmoil to Blame
In the dynamic world of digital finance, bitcoin experienced a notable decline, dipping below $54,000 on September 6, 2024, after initially surging to $57,000. This downward shift was triggered by the latest US nonfarm payrolls report, revealing the economy added a mere 142,000 jobs in August—far below what had been anticipated. Such news casts a…
-
Is WazirX Cleared of Blame? Unpacking the Mandiant Report Findings
In the ever-evolving landscape of digital assets and cybersecurity, a report by Mandiant, a leading cybersecurity firm and subsidiary of Google, has recently highlighted that WazirX laptops were not compromised during a significant $230 million cyberattack. This development brings a mix of relief and lingering questions to the platform’s users and the cryptocurrency community at…
-
Gensler Faces Blame for SEC’s Funding Dip to Record Low Since FY’ 23
A Closer Look at the SEC’s Budget Constraints for FY 2025 The United States Securities and Exchange Commission (SEC), a key regulator in the financial and cryptocurrency markets, is poised to experience its lowest budget allocation since FY 2023, approaching FY 2025. This financial adjustment marks a pivotal moment for the agency and its oversight…
-
DraftKings Waves Goodbye to NFT Ventures – Legal Hurdles to Blame?
Exploring the Bold Move into NFTs by a Big Player in the Game Welcome to an exciting tale about innovative moves and strategic thinking in the bustling world of digital collectibles. It’s a story about stepping into the future, understanding the potential of what’s ahead, and making audacious moves that set the stage for monumental…
-
WazirX and Laminal Custody Trade Blame Over $230M Hack Incident
The Digital Heist That Shook the crypto World In a world where digital fortunes can be made and evaporated in the blink of an eye, the recent brawl between WazirX and Liminal Custody has thrown a harsh spotlight on the vulnerabilities present within the bowels of cryptocurrency security. At the heart of this digital drama…