The hackers behind the Bybit hack have managed to cash out approximately $300 million of the stolen $1.4 billion in digital assets, despite industry efforts to prevent them.The hack has sparked debate about how Web3 firms can prevent similar attacks in the future. Bybit Hack: 20% of Stolen Funds ‘Gone Dark’ Reports suggest cybercriminals behind …
Continue reading “Blind Signing Vulnerabilities: ZKPs Offer Potential Fix After Bybit Hack”
A federal court in Puerto Rico has held Juan Carlos Reynoso in contempt for refusing to surrender 119.65 BTC worth approximately $9.7 million, imposing a $10,000 daily fine until he complies with a seizure order. Defendant Faces Mounting Fines After Transferring Seized Bitcoin to Other Wallets Senior U.S. District Judge Francisco A. Besosa ruled on …
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The price of ether has been on a downward spiral since December, and this new non-profit was launched to solve that problem. Ether Guild Launches: New Initiative Aims to Boost the Cryptocurrency’s Value The Ethereum community has launched a new non-profit organization dubbed Ether Guild to help bolster the value of ether (ETH) whose underperformance …
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Franklin Templeton filed a Form S-1 with the U.S. Securities and Exchange Commission (SEC) on March 11, 2025, to launch the Franklin XRP ETF, a spot exchange-traded fund designed to track the price of the cryptocurrency XRP. Franklin Templeton Files to Launch XRP ETF, Leveraging Coinbase Custody and Cboe Listing The proposed Franklin XRP ETF, …
Continue reading “Franklin Templeton Seeks SEC Approval for Spot XRP ETF in Latest Crypto Push”
This week, markets have been thrown into turmoil by Trump’s trade skirmishes and his refusal to dismiss the possibility of an impending U.S. recession. At the moment, participants on Polymarket are wagering a 39% probability that the U.S. will slip into an economic downturn before the year concludes, while the likelihood of a Federal Reserve …
Bitcoin’s price rebounded late Tuesday afternoon (4 p.m. ET), climbing to the $83,568 range after dipping below $80,000 earlier in the day. This movement coincided with Canada’s decision to halt electricity tariffs on the United States and Ukraine’s agreement to a 30-day ceasefire with Russia following U.S.-led negotiations in Saudi Arabia. Crypto Market Improves as …
Continue reading “Bitcoin Jumps 5.75% as US Trade Tensions Ease and Ukraine Reaches Ceasefire Deal”
Spain’s second-largest bank is planning to roll out trading services for Bitcoin (BTC) and Ethereum (ETH). In a new announcement, Banco Bilbao Vizcaya Argentaria (BBVA) says it has obtained the necessary approvals from the country’s securities regulator, the National Securities Market Commission (CNMV), to offer its customers trading services for the top two digital assets …
Real Vision CEO and former Goldman Sachs executive Raoul Pal believes increasing global liquidity will soon send Bitcoin (BTC) and other digital assets soaring on a new leg up. Pal tells his 1.1 million followers on the social media platform X that a historical relationship between Bitcoin and the global money supply (M2) metric suggests …
The U.S. Department of Housing and Urban Development (HUD) is reportedly mulling over the use of blockchain technology and stablecoins. ProPublica, citing a meeting recording, “three officials familiar with the matter” and other reviewed materials, reports that the executive department is considering using blockchain technology to track HUD grants. Irving Dennis, HUD’s principal deputy chief …
The filing is the latest effort by a US exchange to integrate staking into Ether ETFs. Securities exchange Cboe BZX is seeking permission from US regulators to incorporate staking into Fidelity’s Ether exchange-traded fund (ETF), according to a March 11 filing. The filing marks Cboe’s latest attempt to support staking for the Ether (ETH) funds …
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A House bill filed by a Texas Democrat proposed the state’s comptroller wouldn’t be able to invest more than $250 million in crypto. A member of the Texas legislature has proposed a bill that could limit the amount local and state authorities invest in cryptocurrency as a reserve asset. In a bill filed on March …
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Crypto exchange OKX has denied ongoing investigations by the European Union on its social media channels. European Union regulators are reportedly looking into a service offered by crypto exchange OKX that may have played a role in the laundering of $100 million in funds from the Bybit hack, according to Bloomberg. A March 11 Bloomberg …
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Its largest holding is Strategy’s stock, MSTR, and it also holds shares in several Bitcoin miners. Bitwise has launched an exchange-traded fund (ETF) holding stocks of companies with large Bitcoin (BTC) treasuries, the asset manager said on March 11. The Bitwise Bitcoin Standard Corporations ETF (OWNB) “seeks to track the Bitwise Bitcoin Standard Corporations Index, …
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Top US-based crypto exchange Coinbase has received approval from India’s Financial Intelligence Unit (FIU) to resume operations in the country after ceasing activities in early 2023 due to regulatory issues. According to a Coinbase press release, the approval enables the leading US exchange to offer crypto trading services in one of the world’s fastest-growing digital …
BlackRock CEO Larry Fink is reportedly warning that President Trump’s new shift into nationalist-style economic policy may stoke a new wave of inflation. Speaking at the CERAWeek conference – and energy markets conference run by S&P Global – Fink says markets are currently discounting inflation, and that US industries will likely experience higher costs in …
