The U.S. House of Representatives has taken a key step to overturn an IRS rule that imposes strict tax reporting on decentralized finance (DeFi) platforms. The House Ways and Means Committee voted 26-16 in favor of a resolution to nullify the IRS policy under the Congressional Review Act.

The FBI has identified North Korea as the culprit behind the massive $1.5 billion cryptocurrency theft from ByBit, a major crypto exchange. The agency attributed the attack to the TraderTraitor hacking group, known for targeting digital asset platforms.

Bybits forensic review of last weeks $1.5 billion hack confirmed that its systems remained secure, attributing the breach to compromised Safe wallet infrastructure. The investigation found that a Safe developers credentials were compromised, allowing the notorious Lazarus Group to infiltrate the wallet and trick Bybit staff into authorizing a malicious transaction.

The U.S. Treasury has appointed Tyler Williams, regulatory counsel at Galaxy Digital, to advise on digital asset and blockchain policy. Williams, who currently leads Regulatory and Legislative Affairs at Galaxy Digital, also teaches part-time at The George Washington University Law School.

Bank of America is prepared to launch its own U.S. dollar-backed stablecoin if lawmakers approve necessary legislation, CEO Brian Moynihan said in an interview at the Economic Club of Washington, D.C. If they make that legal, we will go into that business, Moynihan stated, emphasizing that stablecoins function similarly to money market funds or traditional bank accounts.

A new cybersecurity report warns that hackers are planting malicious code in GitHub projects to steal Bitcoin (BTC) and other cryptocurrencies. Security firm Kaspersky uncovered a campaign called GitVenom, which has been active for at least two years, exploiting unsuspecting developers by hiding malware in seemingly legitimate repositories.

The fallout from the recent $1.5 billion Bybit hack continues to unfold as Safe Wallet confirms that hackers exploited its infrastructure.

Cybercriminals have initiated a sophisticated attack that targets GitHub users. They are utilizing fake repositories to disseminate malware that steals personal data and cryptocurrency.

Federal authorities arrested three individuals in California for allegedly laundering over $13 million from victims of crypto investment scams known as “pig butchering.

In one of the biggest crypto heists ever! North Korean hackers have stolen a staggering $1.5 billion from ByBit, one of the world's largest cryptocurrency exchanges, according to the FBI's official statement. This marks one of the biggest crypto hacks in history, nearly doubling what North Korea stole in digital assets last year.

Bybit is back in India! After overcoming regulatory hurdles and a security breach, the crypto exchange fully restores services, resuming new user onboarding and trading access. Bybit Reinstates Services in India After Regulatory Compliance Cryptocurrency exchange Bybit has officially registered with Indian authorities, allowing the platform to fully restore its services in the country.

The US Securities and Exchange Commission (SEC) has ended its investigation into Gemini without filing any charges. However, Gemini co-founder Cameron Winklevoss has strongly criticized the agency, accusing it of causing financial and operational harm to the crypto industry.

The FBI, while late to the party, has confirmed the $1.4 billion theft of Ethereum from a Bybit cold wallet originated from North Korea.

According to a report uploaded on February 18, last year, Russia's Rosseti Group, a major player in the nation's electricity sector, reported damages of over 1.3 billion rubles (approximately $14.2 million) caused by “unauthorized” cryptocurrency mining operations.

Crypto's recent downturn is a “tactical retreat, not a reversal,” Binance's CEO said, pointing to strong institutional demand, resilient fundamentals, and past market recoveries. Binance CEO Breaks Down Crypto's ‘Tactical Retreat'—Why It's a Bullish Signal Binance CEO Richard Teng addressed recent market turbulence on social media platform X on Feb.

The SEC has ended its probe into Gemini exchange, deciding not to take enforcement action, though it left open the possibility of future actions.

The crypto market is experiencing a significant upheaval, with a staggering $300 billion erased in just 24 hours. This massive sell-off has raised concerns among investors, prompting analysts to explore the underlying causes of this dramatic decline.

Russian law enforcers have confiscated over 200 crypto mining rigs after power outages struck a village in Ingushetia. The post FSB Seizes Hundreds of Crypto Mining Rigs After Power Outages Hit Russian Village appeared first on Cryptonews.

The resolution repealing the IRS law needs to pass through the House, then the Senate, and if successful, it can then be sent to US President Donald Trump to sign into law.

The cryptocurrency market has been rocked by a significant surge in liquidations, with over $1.5 billion wiped out in just 24 hours. This marks the third time in February that liquidations have surpassed the billion-dollar threshold, fueling fears of an impending bear market.

The incident underscores the growing threat of state-sponsored cybercrime in the crypto sector, necessitating enhanced global cybersecurity measures. The post FBI identifies North Korea as responsible for $1.5 billion Bybit crypto heist, labels activity “TraderTraitor” appeared first on Crypto Briefing.

According to Bloomberg, lawyers representing Justin Sun and the US Securities and Exchange Commission (SEC) are requesting a stay in the ongoing regulatory proceedings against him. Justin Sun And SEC Seek Case Pause This joint filing, submitted on Wednesday, indicates that both parties believe it is in their mutual interest to pause the case while they explore a potential resolution.

Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, announced that the US Securities and Exchange Commission (SEC) has officially closed its investigation into the company without pursuing any enforcement action.

Legislators convened a panel to discuss what stablecoin and market structure bills need to address.

The US House of Representatives has now proposed a bill that would bar the IRS from regulating taxes in decentralized finance or DeFi platforms.

A popular market analyst known for his timely crypto calls says that the astronomical altcoin gains of the last cycle are probably never going to happen again.

In a Wednesday X post, the co-founder and president of Gemini suggested the SEC publicly fire all staff members involved in the investigation.

During a Wednesday meeting, lawmakers and industry experts expressed less urgency to speed-run new crypto reforms.

The Federal Bureau of Investigation said on Wednesday that North Korea was responsible for the theft of approximately $1.5 billion in virtual assets from cryptocurrency exchange ByBit.

Safe{Wallet} has released a statement on Bybit's targeted. The forensic report has left former Binance CEO Changpeng Zhao with more questions than answers and he heavily criticized them claiming the report is written in vague language to brush over the issues.

The crypto market is bleeding, with most coins losing over 15% this week. But these 3 altcoins defied the crash, soaring over 20%!

The exchange's volume metrics will likely continue to serve as a barometer for institutional crypto adoption going forward.

Patrick McHenry, a longtime crypto advocate in Congress, has joined Andreessen Horowitz (a16z) as a senior advisor. His transition from policymaker to industry consultant underscores the private sector's growing role in shaping regulatory discussions around digital assets and emerging technology. The post Former Crypto-Friendly Congressman Patrick McHenry Joins a16z as Senior Advisor appeared first on Cryptonews.

The apparent stand-off mirrors that of WazirX and Liminal Custody, which blamed each other following a $230 million exploit last July.

The SEC is retreating from cases against Tron's Justin Sun and crypto exchange Gemini, signaling a softer stance on the industry.

After consistent bearish signals, President Trump's surprise announcement of EU tariffs has devastated Bitcoin and the broader crypto market. Crypto-related traditional stocks are feeling the heat as the contagion spreads.

In recent days, the SEC has withdrawn cases against Coinbase, OpenSea, Robinhood and UniSwap and entered talks with Justin Sun.

Circle co-founder Jeremy Allaire has called for US dollar-pegged stablecoin issuers to be registered in the United States, emphasizing the need for regulatory clarity as lawmakers introduce new legislation on digital assets. Allaire made the statement during a Bloomberg interview on Feb.

The crypto market has experienced an unprecedented surge in volatility, with established coins like Bitcoin and Ethereum facing extreme price swings. Since January, the frequency of flash crashes has risen sharply, erasing billions from the market.

Hacked accounts are increasingly used to promote scam tokens, as seen in Pump.fun's breach. Binance founder CZ warns users about fraudsters leveraging compromised accounts to deceive investors. Experts urge stronger security measures to protect against rising crypto scams on social media platforms. The post CZ Warns of Hacked Accounts Promoting Scam Tokens Amid Pump.fun Breach appeared first on Cryptonews.

Cryptocurrency exchange Bybit has awarded a collective bounty of $4.2 million to five bounty hunters that have helped trace and freeze funds that were stolen from the exchange in a hack. Bybit is offering a total bounty of $140 million, which is equal to 10% of the $1.

Gemini co-founder and president Cameron Winklevoss said the decision marks another milestone to end the war on crypto but thinks the damage might have already been done.

The 2022 collapse of FTX has become one of the most expensive Chapter 11 cases in U.S. history. According to a Bloomberg report, the fees associated with FTX's bankruptcy proceedings have nearly reached $1 billion.

The meme coin revolution is unstoppable, with digital assets like Dogecoin (DOGE), Shiba Inu (SHIB), and Floki Inu (FLOKI) captivating traders with their wild price swings and viral appeal. From community-driven growth to unexpected utility, these tokens have rewritten the rules of crypto.

Senator Cynthia Lummis convened the first hearing of the U.S. Senate Banking Committee Subcommittee on Digital Assets on Feb. 26. The hearing was titled “Exploring Bipartisan Legislative Frameworks for Digital Assets.

Lawmakers are starting to get cracking on crypto legislation with hopes that bills can soon get signed by Trump by the end of the year.

The SEC and crypto entrepreneur Justin Sun are looking into potentially resolving its case involving fraud.