S Korean crypto firm mistakenly pays out $40bn in bitcoin

A group of concerned investors gathers outside the headquarters of a South Korean cryptocurrency firm, discussing the recent accidental payout of  billion in Bitcoin.

The payout mistake happened during a routine transaction process where a software glitch caused the firm to issue an excessive amount of Bitcoin to its customers. Initial reports suggest that the error was linked to a miscalculation in the platform’s transaction algorithms, leading to an avalanche of unintended payouts. This incident has not only affected … Read more

Bitcoin Hits Lowest Price Since Trump’s Election Amid Crypto Slump

A trader anxiously monitors Bitcoin's plummeting price on multiple screens in a bustling financial office filled with charts and graphs.

Several factors have contributed to this downturn, including tightening monetary policies from central banks around the world. In response to rising inflation, the Federal Reserve has increased interest rates, which tends to reduce liquidity in riskier assets like cryptocurrencies. Additionally, the ongoing debate over regulatory frameworks in major economies has created a climate of uncertainty, … Read more