news 
Top Crypto News of 2024: SBF’s Fall, Bitcoin’s Rise, and WazirX’s $235M Hack
As the curtain closes on an eventful year in the crypto space, it’s essential to reflect on the significant events that shaped the market. In this article, we’ll delve into the top crypto news of 2024, covering topics such as Sam Bankman-Fried’s (SBF) downfall, Bitcoin’s remarkable rise, and a catastrophic hack at WazirX.
Ripple’s Ongoing Conflict with the SEC
In August, Ripple secured a significant victory when the court ruled that it should only pay $125 million in fines, a stark contrast to the original $2 billion sought by the Securities and Exchange Commission (SEC). However, the conflict didn’t come to an end there; in October, the SEC announced its intention to appeal the ruling, ensuring that the legal battle would continue into 2025.
Binance CEO Sentenced: CZ’s Legal Troubles
In a surprising turn of events, Changpeng Zhao (CZ), the former CEO of Binance, was sentenced to four months in prison after pleading guilty to violating US money-laundering laws. This development served as a stark reminder that even top executives are not immune to legal repercussions.
WazirX Hack: $235 Million Stolen
In a shocking incident, Indian crypto exchange WazirX suffered a major hack, resulting in the theft of $235 million worth of various cryptocurrencies. In response, the exchange froze transactions and collaborated with forensic experts and law enforcement agencies to track down the stolen funds.
Trump’s Win Boosts Crypto Prices
The crypto market experienced a significant surge following Donald Trump’s re-election as US President. This unexpected outcome brought renewed optimism, causing many cryptocurrencies to rise in value. The news that SEC Chairman Gary Gensler would step down added to this sense of regulatory change and potential relief for the crypto industry.
Bitcoin Breaks $100,000: A New All-Time High
2024 concluded on a high note as Bitcoin surpassed the $100,000 mark, achieving a new all-time high. This remarkable achievement was largely attributed to Trump’s victory, which has sparked hope for regulatory clarity and reduced uncertainty in the space.
Stay Tuned for More Insights!
At Coinpedia, we remain committed to providing our audience with timely insights on the latest crypto news, trends, and market analysis. Follow us for more updates and expert insights that will help you stay ahead of the game in this rapidly evolving space.
Source: coinpedia.org
