Bitcoin’s Decline Persists Despite Texas Reserve Proposal
Bitcoin’s price has taken another hit, falling 5% today and extending a month-long downward trend. Currently priced at $87,234, the cryptocurrency has dropped 16% in the past 30 days, marking a significant fall from its December peak of $106,490. While this downturn is far from the devastating Crypto Winter of
FBI Urges Crypto Community to Help Contain $1.5B Bybit Hack
The FBI has issued a stark warning to the Crypto Community, urging exchanges, wallet services, and blockchain operators to prevent the laundering of funds stolen in the recent Bybit hack. The attack, attributed to North Korean threat actor TraderTraitor (also known as Lazarus), resulted in a massive $1.5 billion theft.
Crypto Bloodbath: $325 Billion Wiped Out Amid Market Turmoil
The crypto market has suffered a severe downturn, with $325 billion in market capitalization wiped out since Friday. According to The Kobeissi Letter, a staggering $100 billion was lost within just one hour on Tuesday morning, despite no major headlines triggering the sell-off. Bybit Hack Shakes Confidence The recent crash
Bitcoin Slips Below $90K Amid Market Uncertainty
Bitcoin has dropped to a three-month low, breaking below the $90,000 mark as selling pressure from equities spills into the crypto market. The leading cryptocurrency slid as low as $86,128.21, its lowest since November, before recovering slightly. Equities Sell-Off Weighs on Bitcoin The decline in Bitcoin’s price comes as stock
America’s Crypto Comeback: A New Era of Crypto Innovation
The United States is reclaiming its position as a global leader in crypto innovation. With the inauguration of President Trump, a wave of pro-crypto policies has swiftly emerged, marking a stark departure from the previous administration’s regulatory hostility. These reforms aim to restore confidence among blockchain innovators and stem the
Russia’s Supreme Court Moves to Classify Crypto as Property
Russia’s Supreme Court is advancing efforts to classify cryptocurrency as property in penal cases, a move aimed at enhancing law enforcement’s ability to track, freeze, and confiscate illicit digital assets. Recognizing Crypto as Property The Russian Supreme Court is working on a legislative initiative to define digital currencies as property
Bybit Faces Major Security Breach: Over $1.1 Billion in ETH Stolen
In a shocking turn of events, crypto exchange Bybit has suffered a massive security breach, resulting in the loss of 401,346 ETH (worth approximately $1.13 billion) from its cold wallet. The attack was carried out through a deceptive transaction that tricked wallet signers into approving a change in smart contract
Coinbase Case Dropped: SEC Ends ‘Bogus’ Battle Against Crypto Giant
In a landmark decision for the crypto industry, the U.S. Securities and Exchange Commission (SEC) has agreed to drop its enforcement case against Coinbase. The move, pending approval from SEC commissioners, marks a major victory for the crypto exchange and its supporters. The case, initiated in 2023 under former SEC
Iranian Crypto Outflows Surge 70% Amid Sanctions
Iranian crypto outflows have surged 70% year-over-year, reaching $4.2 billion in 2024, according to blockchain analytics firm Chainalysis. This increase highlights a growing reliance on digital assets as economic instability and geopolitical tensions push individuals and businesses to seek alternative financial channels. Bitcoin and Stablecoins Drive Capital Flight The rise
Binance.US Restores USD Services, Enabling Seamless Fiat Transactions
Binance.US, a leading cryptocurrency exchange in the U.S., has officially restored USD deposit and withdrawal services. Customers can now seamlessly transfer funds using bank transfers (ACH) with zero fees. This marks a major milestone for the platform, which had been operating as a crypto-only exchange since July 2023. A New
