Fortress Trust’s recent disclosure of a cryptocurrency theft has brought attention to a complex situation involving a third-party vendor and a phishing attack. The vendor responsible for constructing the portal that allowed several Fortress clients to manage their cryptocurrency funds has now been identified as ReTool, a reputable San Francisco-based company serving Fortune 500 clients.
Genesis, a leading digital asset trading company, has recently announced its decision to close all of its services. According to a spokesperson from Genesis, this includes the termination of digital asset spot and derivatives trading through GGC International, Ltd. (GGCI). This surprising move comes after Genesis had already announced the shutdown of its over-the-counter (OTC)
Amidst the flurry of bullish predictions surrounding the XRP price, one forecast stands out and captures the attention of many. The pseudonymous crypto analyst and XRP maxi known as Lord XRP has presented a scenario that could potentially elevate the altcoin’s value to $10,000. This bold prediction, if it were to materialize, would position XRP
Bitcoin SV (BSV), a prominent Bitcoin hard-fork project, is currently facing a challenging battle with the 20-day moving average (20DMA) as the price experiences a downward trend. Following a death cross and rejection, concerns arise about BSV’s potential to reach zero. Despite recent efforts by BSV bulls to drive up the price, a strong rejection
The cryptocurrency market has experienced a significant jump in market capitalization over the past 24 hours, as traders eagerly await the release of the latest U.S. inflation data. With a valuation of $1.035 trillion and intraday gains of 1.58%, major cryptocurrencies like Bitcoin (BTC), Ether (ETH), and Solana (SOL) have all seen positive movements. This
The recent early dismissal of BlackRock’s planned spot Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC) has raised questions about the potential success of the product. However, according to statements made by Nasdaq executive Giang Bui, these rejections should not be a cause for concern. While the SEC’s decision relates to regulatory procedural
The European Parliament has recently made a significant decision by approving DAC8, a measure that aims to introduce tax reporting requirements for cryptocurrency transactions across the European Union (EU). This groundbreaking ruling marks a pivotal moment in the regulation of the crypto market and will have far-reaching implications for both individuals and businesses operating within
Binance US, the embattled cryptocurrency exchange, has recently been hit with yet another blow as its CEO, Brian Shroder, has stepped down from his position. This development comes in the midst of a significant reduction in the company’s workforce, with approximately one-third of its employees being laid off. These latest events have prompted speculation that
EmotiCoin (EMOTI) has taken the crypto market by storm, establishing itself as the break-out on-chain token of the week. What sets EmotiCoin apart is its innovative Reverse Split protocol, a deflationary mechanism that reduces the total supply of tokens every 4 hours over a span of 14 days, decreasing it by 20% each time. This
The head of Binance.US, the US offshoot of the largest cryptocurrency exchange Binance, has recently parted ways with the company as part of a significant workforce reduction. In a statement, a company spokesperson confirmed that Binance.US is planning to eliminate 100 positions, signaling a major shift within the organization. This decision comes at a time