Articles for author: Market News

December 24, 2024

Why Cryptocurrency Will Never Replace Real Money: Unveiling the Untold Truths Behind Digital Currency Limitations

Donald Trump’s recent victory has stirred excitement in the cryptocurrency Market, with his pledge to make the U.S. a leader in digital currencies. This optimism has led to temporary price surges, but significant volatility raises concerns about the stability and regulatory status of cryptocurrencies. Many investors see digital assets as possible alternatives to traditional money, ...

December 24, 2024

Market News

Crypto

North Korean Hacker Group Linked to DMM Bitcoin Asset Theft: What You Need to Know

A hacker group linked to North Korea, called TraderTraitor, stole approximately 48.2 billion yen, or about $307 million, from the Tokyo-based cryptocurrency exchange DMM Bitcoin Co. in May. Japanese police, along with the U.S. Department of Defense and FBI, identified the group and traced the stolen bitcoin to them. An investigation revealed that a DMM ...

December 24, 2024

Market News

Crypto

North Korean Hackers Linked to DMM Bitcoin Asset Theft: What You Need to Know

A hacker group linked to North Korea, known as TraderTraitor, stole 48.2 billion yen (about $307 million) from the Tokyo-based cryptocurrency exchange DMM Bitcoin Co. in May. The investigation, involving the Japanese police and the U.S. Department of Defense, revealed that the hackers used malware to breach the exchange’s wallet management system. DMM Bitcoin has ...

December 24, 2024

Market News

Crypto

Solana Outperforms Bitcoin and Ethereum: Insights on Price Performance and Trading Volume from Glassnode

Solana (SOL) has seen an impressive surge of over 2,000% since its lows in 2022 after the FTX collapse, outperforming both Bitcoin and Ethereum in trading volumes for over a year. Recently, SOL gained 6%, driven by a report confirming that it has attracted more daily capital inflows—around $776 million—than its competitors. This increase in ...

December 24, 2024

Market News

Crypto

Hyderabad Police Arrest 21 for Converting Stolen Money into Cryptocurrency in Major Money Laundering Crackdown

In Hyderabad, the Telangana Cyber Security Bureau has arrested 21 individuals involved in a major cybercrime scheme. These suspects are accused of withdrawing over 8.20 crore INR from victims and converting the stolen funds into cryptocurrency. Out of the 21 arrested, 13 used their bank accounts to facilitate the withdrawals, while the other eight acted ...

December 24, 2024

Market News

Crypto

Hyderabad Police Arrest 21 for Converting Stolen Money into Cryptocurrency in Major Money Laundering Crackdown

In Hyderabad, the Telangana Cyber Security Bureau has arrested 21 individuals involved in a cybercrime scheme that aimed to convert stolen money into cryptocurrency. The suspects were part of a network that withdrew around 8.2 crore rupees from victims’ accounts using fraudulent methods before transferring the funds into cryptocurrency wallets linked to Dubai. Out of ...

December 24, 2024

Market News

Crypto

Cryptocurrency Market Update: Why Bitcoin, Dogecoin, and XRP Prices Are Falling Today

This weekend, cryptocurrencies dropped as investors reacted to a more cautious Federal Reserve, which indicated it might cut interest rates less than previously expected in 2025. Bitcoin fell about 4% to around $93,260, after reaching over $102,000 last Thursday. Other cryptocurrencies like Dogecoin and XRP also saw declines. The Market was surprised by the Fed’s ...

December 24, 2024

Market News

Crypto

Cryptocurrency Market Update: Why Bitcoin, Dogecoin, and XRP Prices Are Falling Today

Cryptocurrencies experienced a decline this weekend as investors reacted to the Federal Reserve’s more hawkish stance, anticipating fewer interest rate cuts than expected for 2025. Bitcoin, the largest cryptocurrency, fell about 4%, trading around $93,260 after previously peaking over $102,000. Other cryptocurrencies, including Dogecoin and XRP, also saw significant drops. Despite some positive news regarding ...

December 24, 2024

Market News

Crypto

Trump’s New Pro-Crypto Appointments: A Boost for Cryptocurrency Adoption and Innovation in the U.S.

The Protocol newsletter by CoinDesk provides a weekly summary of significant cryptocurrency tech developments. This week’s highlights include Donald Trump’s new crypto-friendly appointments aimed at integrating blockchain into the U.S. economy, a leadership change at Aptos Labs with co-founder Avery Ching stepping in as CEO, and Sonic’s plan to distribute its tokens to TikTok users, ...

December 24, 2024

Market News

Crypto

David’s Bridal Launches New Media Network Partnering with Love Stories TV to Celebrate Wedding Journeys and Bridal Inspiration

David’s Bridal has announced its acquisition of Love Stories TV, a wedding media brand, marking a significant shift in its business strategy. This purchase coincides with the launch of the Pearl Media Network, aimed at providing comprehensive wedding inspiration and planning content. David’s Bridal intends to leverage Love Stories TV’s impressive reach of 20 million ...