The cryptocurrency sector has long been a playground for hackers, but the recent attack on Bybit—attributed to the notorious Lazarus Group—highlights an alarming escalation in cyber threats. With over $1.5 billion siphoned off from its cold wallets, the incident that transpired on February 21, 2023, not only represents a staggering loss but also showcases a
Crypto
In a notable turn of events for the cryptocurrency market, Cameron Winklevoss, co-founder of the Gemini cryptocurrency exchange, announced that the U.S. Securities and Exchange Commission (SEC) had concluded its investigation into the platform without pursuing enforcement actions. This decision arrives almost two years after the investigation was initiated and comes in the wake of
The recent Bybit hack has put the crypto community on high alert, especially after significant figures, including former Binance CEO Changpeng Zhao, voiced their concerns regarding the adequacy of the post-mortem update released by Safe Wallet. This incident highlights not only the vulnerabilities within digital wallet infrastructures but also raises questions about operational integrity among
The cryptocurrency market, particularly Bitcoin, is known for its extreme volatility, which can be significantly affected by external political and economic factors. A recent instance was marked by an abrupt drop in Bitcoin’s price below the $90,000 threshold, triggered by U.S. President Donald Trump’s announcement of proposed tariffs on Canada and Mexico. Tariff announcements are
Recently, the Bitcoin Fear & Greed Index has hit an alarming low of 10, a stark indicator of extreme fear among investors and reminiscent of market sentiments seen in June 2022. This dramatic drop from a neutral reading of 49 points last week signals widespread panic, making many wonder if this is the right moment
The cryptocurrency landscape has recently witnessed a significant upheaval as bears have emerged victorious, leading to a notable decline in Bitcoin’s price. This past week, Bitcoin (BTC) plummeted to a staggering low of $82,000, marking one of the steepest drops in recent months. Such a drastic descent is a clear indication of the volatility inherent
In the rapidly evolving world of decentralized finance (DeFi), Jupiter Exchange has emerged as a formidable player, recently claiming the title of the second-highest daily fee earner in the space. Impressively, the exchange generated a staggering $2.73 million in just 24 hours, showcasing not only its innovative strategies but also the growing demand for decentralized
The protracted legal battle between Ripple Labs and the United States Securities and Exchange Commission (SEC) has drawn attention from not only blockchain enthusiasts but also legal experts, financial analysts, and regulators. For over four years, this lawsuit has held the potential to define the regulatory landscape for cryptocurrency, especially concerning the classification of digital
In an alarming turn of events, the U.S. spot Bitcoin exchange-traded fund (ETF) market has experienced an unprecedented exodus of capital, recording its largest single-day outflow of nearly $938 million. This staggering figure occurred on February 25, coinciding with a significant drop in Bitcoin’s price, which fell below the critical threshold of $87,000, marking its
On February 25, Aya Miyaguchi officially transitioned from her role as Executive Director to the President of the Ethereum Foundation (EF)—a shift she had contemplated for a whole year. The announcement comes at a pivotal moment for Ethereum, a platform challenged by market tension and performance debates that have recently ignited discussions among its global