BingX hacked: Losses surge to over $52M after cyberattack
Despite the growing loss, BingX has tried to calm users, claiming that the damage is "minor".
Federal Reserve rate cut triggers Bitcoin surge to over $62K
Bitcoin’s recent rise above $62,000 is an important breakthrough, as the cryptocurrency has been consolidating near the $60,000 mark for a while.
Bitcoin’s market share hits 58%, cementing its crypto dominance
One major factor behind this rise is the decline of altcoins. Ethereum, the second-largest cryptocurrency, has seen its market share fall sharply.
Protecting investors: CFTC’s new initiative targets sophisticated ‘pig butchering’ scams
Pig butchering scams typically start on social media, where fraudsters make contact and create fake romantic relationships to gain the victim’s trust.
Venmo and PayPal introduce simplified crypto transfers with ENS names
The use of ENS names makes cryptocurrency transfers much easier. Traditionally, transferring crypto requires users to input lengthy addresses made up of random letters and numbers.