The past month proved to be a challenging period for meme coins, with the sector shedding close to $40 billion in value since Feb. 1, 2025. Dogecoin (DOGE), the oldest and the leading meme token, boasting a market capitalization of $30.25 billion, experienced a 37.61% decline against the U.S. dollar. DOGE’s value tumbled from $0.3278 …
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$81 trillion was erroneously credited by Citigroup, as the customer was only meant to receive $280. The payment bypassed all Citigroup controls and had to be reversed several hours after its execution, which the bank refers to as a “near miss.” Citigroup Payment Fumble: Erroneous $81 Trillion Transfer Bypasses Controls Citigroup, one of the most …
Continue reading “Fat Fingers: Citigroup Mistakenly Deposits $81 Trillion to Customer”
Crypto investor Arthur Cheong says he will be holding on to his Solana (SOL) tokens in anticipation of its price being much higher in the coming months. Cheong, the founder of the crypto investment firm DeFiance Capital, says in a post on the social media platform X that he participated in an over-the-counter (OTC) SOL …
A billion-dollar bank says sensitive data belonging to thousands of customers is at risk of exposure following a major data breach. In a new filing with the Office of the Maine Attorney General, the Massachusetts-based lender Reading Cooperative Bank (RCB) says a phishing-related cyberattack is impacting 24,041 customers. The incident is believed to have occurred …
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A veteran crypto trader who has a history of nailing Bitcoin’s market tops and bottoms says that BTC is likely nearing the end of its current correction. Pseudonymous trader and analyst Dave the Wave tells his 148,000 followers on the social media platform X that Bitcoin appears to be strongly reacting to the 365-day simple …
The future of DeFi is at risk as outdated data infrastructure struggles to keep pace with high-performance blockchains. Without a fundamental overhaul, innovation and adoption will falter. Opinion by: Maxim Legg, founder and CEO of Pangea The blockchain industry faces a crisis of its own making. While we celebrate theoretical transaction speeds and tout decentralization, …
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Solana (SOL) creator Anatoly Yakovenko believes Bitcoin’s (BTC) main use case is as insurance for the collapse of a superpower. In a new thread on the social media platform X, Yakovenko says Bitcoin is an expense and not an investment – something to protect against the possible collapse of a country touting economic and military …
The Pectra upgrade aims to significantly reduce Ether selling pressure, potentially contributing to long-term price appreciation. Ethereum’s highly anticipated Pectra upgrade could set the stage for the next phase of the 2025 crypto market cycle, according to analysts, even as Ether continues to underperform Bitcoin. The Ether (ETH) price fell over 32% during February, finding …
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Bitcoin’s growing active addresses may signal an incoming turning point for the crypto market after the latest correction. Bitcoin active addresses are nearing a three-month high, signaling a potential crypto market capitulation that may stage a price reversal from the latest correction. Active addresses on the Bitcoin network surged to over 912,300 on Feb. 28, …
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Bithumb, one of the largest cryptocurrency exchanges in Korea by trading volume, has signed a sponsorship deal with FC Seoul. This initiative, which marks the exchange’s eighth project aimed at contributing to various cultural fields, will see Bithumb serve as an official sponsor for the 2025 season. FC Seoul, one of Korea’s most popular professional …
While gold recently experienced a pullback that brought it to sub-$2,900 levels, analysts still believe it can bounce back to reach $3,000. In February, gold broke key record levels several times, as investors sought refuge in hard assets. Gold Still Pointing High, Analysts Believe $3,000 Attainable Gold is becoming a key asset in international markets, …
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Dymension CEO Yishay Harel believes lowering barriers to entry in the cryptocurrency space will drive innovation and growth. He argues that democratizing token creation will lead to more value-creating instances, despite potential risks from “unserious” players. Network Effects Thrive on Inclusion According to Yishay Harel, co-founder and CEO of Dymension, “lowering the barrier of entrance …
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Elon Musk has likened the memecoin market to a casino, warning investors about the risks of speculative trading during an appearance on The Joe Rogan Experience. While acknowledging Dogecoin’s origins, Musk cautioned against the broader memecoin frenzy, especially as recent Solana-based token crashes raise concerns about market manipulation. Musk Warns Against Memecoin Mania, Calls Market …
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President of Swiss National Bank (SNB), Martin Schlegel has dismissed a proposal for the central bank to hold bitcoin in its reserves, citing volatility, liquidity concerns, and security risks. Swiss National Bank Pushes Back Against Bitcoin Reserve Proposal Swiss National Bank (SNB) President Martin Schlegel has rejected the idea of holding bitcoin as part of …
South Korea is preparing for a surge in institutional cryptocurrency adoption, with Ripple expanding its footprint through a partnership with BDACS. “South Korea is gearing up for a wave of institutional crypto adoption,” said Monica Long, Ripple’s president, emphasizing the growing need for secure, enterprise-grade custody solutions. BDACS will implement Ripple Custody to provide a …
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