Crypto liquidations rise over $1.5 billion in 24 hours, pushing fears of a bear market. This is the third time in February that market liquidations have exceeded the billion mark in a 24-hour period.
Critics have hit out at South Korean regulators' Upbit sanctions verdict, calling the punishment dished out to the crypto exchange “ineffective.” The post Critics Rage at South Korean Regulators' Upbit Sanctions Verdict appeared first on Cryptonews.
Following the recent theft of $1.4B from Bybit's reserves, the exchange has launched “Lazarus Bounty.” The bounty tracking platform aims to recruit the global crypto community to aid in the recovery of the stolen funds.
Robinhood CEO shrugs off stock dip with big wins
A proposed Ohio Blockchain Basic was introduced in that state's House of Representatives. House Bill 116 is a grab bag of provisions that would affect taxation of digital assets, protect crypto mining and other things.
Robinhood insists that the SEC would have failed if it pursued enforcement action against its crypto business because the firm had taken measures to stay compliant.
Linera and Walrus collaborate to enhance Web3 applications with scalable storage, real-time processing, and improved decentralized data management.
The overall cryptocurrency market capitalization has dropped to around $2.86 trillion, near its lowest level in over three years.
A confidential crisis management document drafted by OKX offers a fascinating insight into how one exchange choreographs its response when news breaks about regulatory failures.
Crypto transfers are being restricted in Europe through heavy know-your-customer (KYC) procedures and blocks, potentially linked to the Travel Rule, according to several local reports. Hasu, the strategy lead at Flashbots, reported that Coinbase is blocking transfers in Europe to recipients other than the user.
Senator Dick Durbin proposes the Crypto ATM Fraud Prevention Act, introducing spending limits, mandatory refunds, and regulatory oversight to combat rising cases of crypto ATM fraud targeting vulnerable users. The post Senator Dick Durbin Launches New Bill to Fight Crypto ATM Fraud appeared first on Cryptonews.
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Binance's CEO Richard Teng believes the current market slide is a temporary correction and not a trend reversal. Despite this, some riskier assets and memes may never return to previous all-time highs.
The Trump crypto rally is fading, as digital currencies weather macro pressures and industry setbacks. Bloomberg's Emily Nicolle speaks with Caroline Hyde and Jackie Davalos on "Bloomberg Technology".
Bybit has resumed trading services in India after registering with the Financial Intelligence Unit (FIU-IND) and paying a $1.06 million fine, marking a significant regulatory milestone for the exchange. The post Bybit Resumes Full Trading Services in India After FIU Registration appeared first on Cryptonews.
Scammers are getting smarter with better technology, tricking people—especially older individuals—into putting their money in Bitcoin ATMs under false promises.
Dick Durbin told the story of one of his constituents being scammed on the Senator floor before introducing the Crypto ATM Fraud Prevention Act.
Prince will work closely with the firm's president, Chris Ferraro, to expand Galaxy's crypto offering.
A new report from Taraxa claims that many leading blockchain projects have dramatically overestimated their throughput. The study shows that major blockchain networks like Sonic, Solana, and Aptos have a significant gap between theoretical TPS (transaction per second) and the actual max TPS on the mainnet.
In a recent interview on Bloomberg TV, Ledger CEO Pascal Gauthier, stressed the importance of robust security measures in the world of cryptocurrency.
Chainalysis investigated the recent Bybit hack involving $1.5B ETH hack. North Korean hackers seem to be involved in the hack.
Bybit announced a bounty platform designed to combat crypto-related crime titled LazarusBounty.com following. The initiative employs a structured, four-pronged approach to identifying illicit activity, holding hackers accountable, and enhancing crypto security.
Changpeng Zhao, the former chief executive of cryptocurrency exchange behemoth Binance, has clarified that he did not sell any crypto during the devastating crash that took place earlier this Tuesday.
Authorities claim OKX actively circumvented US laws by instructing customers on falsifying information to bypass trading restrictions.
Bitdeer stock falls 28% after Q4 2024 loss
“The exchange has facilitated transactions linked to cybercriminals, darknet markets, and ransomware groups like Conti,” an expert told Decrypt.
Crypto markets need liquidity to thrive, but right now, liquidity is vanishing fast.
Bitcoin (BTC-USD) has retreated to its lowest levels since November 2024, hovering just below $87,000. While this decline coincides with a massive security breach that saw North Korean hackers extract $1.5 billion in digital assets from the Bybit exchange, Crypto is Macro Now founder Noelle Acheson suggests deeper market forces are at work.
Illinois Senator Dick Durbin has introduced new legislation aimed at reducing fraud at cryptocurrency ATMs, a growing concern for law enforcement agencies.
Cryptocurrency-focused asset manager Bitwise completed a $70 million equity raise. The funding round, led by Electric Capital, will help Bitwise bolster its balance sheet and develop new investment capabilities and investor solutions, according to a Tuesday (Feb. 25) news release.
Crypto trading in India is booming, particularly in smaller cities, as investors look for new opportunities amid slow job growth and tightening financial regulations, Reuters reported on Feb. 25, citing local industry participants. Trading volumes on the country's top four exchanges more than doubled last quarter, reaching $1.9 billion, according to data from CoinGecko.
The asset management firm has announced a $70 million funding round led by Electric Capital, MIT Investment Management Company, and other investors.
Two days prior, the Bybit exploiter retained custody of 449,395.23 ethereum (ETH), yet within a 48-hour window, the actor relocated 71,862.63 ETH—valued at $173 million—across decentralized ledgers. Bybit Launches Lazarusbounty.com Amidst a climate of crypto volatility, the assailant has orchestrated a whirlwind of high-volume ether transactions. For instance, during the drafting of this analysis, 91.
Joe Weisenthal, co-host of the "Odd Lots" podcast on Bloomberg Podcasts, has opined that the performance of the cryptocurrency market is actually "impressive."
Binance CEO Richard Teng said the recent 8% decrease in crypto's total market cap represents a tactical retreat rather than a structural trend reversal. In a Feb. 25 social media post, Teng noted that historical data suggests that crypto markets, like traditional financial assets, react to macroeconomic shifts but demonstrate strong resilience over time.
The European Union has targeted Russia's largest sanctioned crypto exchange, though analysts note it has operated successfully under sanctions for years. On Monday, Feb.
According to a Friday report by The Wall Street Journal, the U.S. Securities and Exchange Commission has dropped its investigation into Uniswap, the leading automated market maker (AMM).
In an announcement this week, Mavryk Dynamics revealed it has secured over $5 million in funding for its brainchild, Mavryk Network, a Layer-1 blockchain designed to revolutionize and democratize asset ownership
Finding high-growth opportunities in the crypto market often means identifying promising projects before they take off. One altcoin that has been gaining traction among early investors is Mutuum Finance (MUTM), a decentralized lending protocol with real-world financial applications.
The cryptocurrency saw a sharp drop on Tuesday that pushed the total crypto market cap to a 4-month low as liquidations surpassed $1.5 billion. This massive decline has stirred interest among investors looking to buy the dip and capitalize on long-term profits.
The Web3-native creative design startup Sogni.ai has become one of the latest projects to join CoinMarketCap's prestigious accelerator program, CMC Labs.
A massive $268 million liquidation wiped out overleveraged traders, with Ethereum and Solana hit hardest.
Citadel Securities, one of the world's largest hedge funds, with assets under management (AUM) totaling $65 billion, is reportedly exploring the world of cryptocurrency trading. According to a recent Bloomberg report, the Miami-based firm, which is a major player in traditional finance, is looking to establish itself as a market maker for some leading cryptocurrency exchanges, including Coinbase.
Sam Bankman-Fried, the convicted founder of FTX , has posted on social media for the first time in nearly two years, commenting on government layoffs while reflecting on his own experiences with corporate downsizing. What Happened: In a series of tweets on Tuesday, Bankman-Fried, who is currently serving time for fraud, drew comparisons between unemployment and his own situation.
Cryptocurrency exchange Bybit has established a $140 million bounty program to combat North Korea's Lazarus Group, with rewards for tracking stolen funds while hackers have already laundered $94.1M.
The exchange is offering a 5% bounty for submissions that could lead to stolen funds being frozen.
"It's pretty clear there's going to be a stablecoin, which is going to be a fully dollar-backed