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The cryptocurrency market has been booming over the past couple of years. Bitcoin (BTC) in particular has surged by 153596028.94% since its origin. While the community has heard stories about investors losing BTC after hacks or scams, a new case has stunned the cryptocurrency market. A Welsh man has lost a staggering $710 million in BTC due to his ex-partner’s mistake. Also Read: How High Can XRP Rise In December 2024? A Sad Mistake James Howells reportedly mined about 8,000 Bitcoin back in 2009. The price of BTC during this year was close to nothing. After this, the Welsh man went on to store the BTC in a hard drive. Sadly, Howells’ ex-girlfriend Halfina Eddy-Evans possessed this device and accidentally tossed it away. The hard drive was thrown in a black sack. This was along with all the other items that he owned. While she acknowledged throwing it away along with Howells’ other belongings, Eddy-Evans added, “Yes, I threw away his rubbish.” Despite their ...

Binance CEO Changpeng Zhao’s industry recovery initiative (IRI), which boasted over $1 billion in its fund, has dwindled to a mere $32 million balance despite less than $30 million deployed. Zhao held the mantle of industry savior following the FTX collapse last November. Amid the escalating effects of the implosion on several crypto-focused ventures, he unveiled the ambitious Industry Recovery Initiative (IRI), a plan to raise a staggering billion dollars for rescuing struggling startups.  However, the story that unfolds is a far cry from the glorious promise, according to an article from Bloomberg, which provided an update on the balance of the fund and the amount deployed to meet its goal. You might also like: Crypto might fluctuate due to Israel-Palestine war, analyst says Bloomberg data suggests that Binance’s billion-dollar lifeline has declined to $32.4 million, with less than $30 million deployed. The assurance of a swift crypto industry rescue has...