Animoca Brands Reports 12% Revenue Growth as AI Cuts Costs
Bookings Rise to $314 Million in 2024 Animoca Brands has reported a 12% year-on-year increase in bookings, reaching $314 million in 2024. The growth has been attributed to continued innovation, expansion into new sectors, and a shifting regulatory landscape in the United States. Bookings, a key financial metric in the
Bybit Hacker Launders $1.4 Billion in Record Time, But Some Funds May Be Recoverable
A hacker responsible for the largest crypto heist in history has successfully laundered over $1.04 billion worth of stolen funds in just ten days. Despite this, blockchain security experts remain optimistic that a small portion of the assets may still be traced and recovered. Bybit Suffers Historic $1.4 Billion Hack
Coinbase Files FOIA to Uncover SEC’s Crypto Enforcement Costs
Crypto Exchange Seeks Transparency Over Regulatory Spending Coinbase has filed a Freedom of Information Act (FOIA) request to determine how much the US Securities and Exchange Commission (SEC) spent on enforcement actions against cryptocurrency firms. Paul Grewal, Coinbase’s chief legal officer, announced the move on 3 March via X, stating
Bitcoin’s Rising Activity Signals Potential Market Reversal
Bitcoin’s Surge in Active Addresses Hints at Market Bottom Bitcoin’s increasing on-chain activity suggests the crypto market could be nearing a turning point following its recent correction. Active addresses on the Bitcoin network have surged to a three-month high, indicating a potential shift in market sentiment. On 28 February, the
Bybit Hackers Resume Laundering, Moving 62,200 ETH Amid US Crackdown
Lazarus Group Accelerates Fund Transfers Following Bybit Hack Hackers responsible for the $1.4 billion Bybit exploit have resumed laundering operations, moving another 62,200 Ether (ETH) on 1 March. The transfer, valued at approximately $138 million, brings the total amount moved to 343,000 ETH, leaving 156,500 ETH still to be laundered,
Bitcoin Faces Potential Correction to $72K as Investor Sentiment Plummets
Market Weakness Signals Possible Retracement Bitcoin may see a brief pullback to the $72,000 support level as investor sentiment weakens, limiting the chances of an immediate market recovery. The drop in confidence has reached levels last seen in 2022, raising concerns over further downside movement. The leading cryptocurrency hit a
Ondo Becomes First RWA Provider on Mastercard’s Multi-Token Network
Ondo Finance Brings Tokenised Treasuries to Mastercard’s Blockchain Network Ondo Finance has announced that it will be the first provider to bring real-world assets (RWAs) to Mastercard’s Multi-Token Network (MTN). The partnership, revealed on Wednesday (26 February), will see Ondo’s short-term U.S. government treasury fund (OUSG) become the first tokenised
Solana TVL Drops 40% as SOL Price Faces Further Decline to $110
Solana’s native cryptocurrency, SOL, has witnessed a significant downturn over the past month, dropping 41% amid declining memecoin activity and a sharp decrease in its total value locked (TVL). The technical outlook suggests further potential losses, with SOL price at risk of falling to $110. Solana’s TVL Plummets by $5
Ethereum Foundation Donates $1.25 Million to Tornado Cash Developer’s Legal Defence
The Ethereum Foundation (EF) has pledged $1.25 million to support Tornado Cash developer Alexey Pertsev as he prepares to appeal his money laundering conviction in the Netherlands. Foundation Stands by Privacy Rights Announcing the donation on social media platform X on 26 February, the EF reaffirmed its stance on digital
XRP Surges 7% Amid Market Recovery and Ledger Upgrade Proposal
XRP Rebounds After Market Crash XRP has experienced a strong rebound, gaining 7% in the last 24 hours to trade at $2.30 on February 26. The cryptocurrency has recovered 12% from its 24-hour low of $2.06 as the overall market sentiment improves. The surge in XRP’s price comes amid renewed
