The recent analysis conducted by Bybit has brought to light a concerning issue in the world of cryptocurrency – a potential shortage of Bitcoin on exchanges by the end of 2024. The report indicates that if demand continues at its current pace, reserves could be completely depleted within the next nine months, with withdrawal rates
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In the recent surge of meme coins, Peshi Cat (PESHI) has seen a massive 120x increase in value. However, upon closer inspection, it becomes clear that PESHI’s price movements are primarily driven by speculative trading and viral hype within the crypto community. With a current market price of $0.00000066 and a 24-hour change of -47.9%,
2024 has seen a significant rise in blockchain hacks, with Ethereum emerging as the most prominent victim. According to recent data, Ethereum has suffered 33 reported hacking incidents, making it the most targeted blockchain platform this year. Following closely behind is BNB Chain, with 14 reported incidents, highlighting the growing vulnerability of blockchain systems to
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Bitcoin Depot, the largest Bitcoin ATM operator in the United States, has shown remarkable resilience in terms of its revenue generation despite the highly volatile nature of cryptocurrency prices. The company reported revenues of $689 million in 2023 and $647 million in 2022, showing a consistent upward trend. The interesting aspect is that these revenues
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The provincial government of Buenos Aires has recently made formal accusations against Worldcoin, claiming that the company has violated consumer laws through the inclusion of what they deem to be “abusive clauses” in their user agreement. Specifically, the government alleges that Worldcoin’s agreement allows for the interruption of services without providing any form of repair
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Recently, US Senators Elizabeth Warren and Charles Grassley have raised concerns regarding potential regulatory failures in the aftermath of Sam Bankman-Fried’s sentencing for defrauding investors of $8 billion through his collapsed crypto exchange, FTX. In an April 12 letter to Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam, the senators requested a detailed account of