Author: Oscar
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FBI Warns Crypto Community Against Laundering Funds from Bybit Hack
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The Federal Bureau of Investigation (FBI) has issued a stark warning to the Crypto Community, urging businesses and individuals to avoid handling funds linked to the recent Bybit exchange hack. The attack, which saw $1.5 billion stolen, has been attributed to the notorious North Korean hacker group Lazarus, also known as TraderTraitor. The FBI’s alert,…
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Crypto Market Bloodbath: $325 Billion Vanishes Amid Selling Pressure
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The cryptocurrency market has witnessed a brutal sell-off, erasing $325 billion in market capitalization since Friday. A major security breach at Bybit and concerns over liquidity have fueled the downturn, sending Bitcoin below $90,000. Meanwhile, Citadel Securities’ potential entry as a crypto liquidity provider and comments from former FTX CEO Sam Bankman-Fried add to the…
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Bitcoin Slumps Below $90K Amid Market Sell-Off
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Bitcoin has plunged below the $90,000 mark, hitting a three-month low as market-wide selling pressure takes hold. The flagship cryptocurrency dropped 7% to $86,915, briefly touching $86,128—its lowest level since November. The decline follows weakness in equity markets, where top-performing stocks have seen sharp pullbacks. Analysts cite increased macroeconomic uncertainty and profit-taking as key factors…
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Rezolve AI Establishes $1B Bitcoin Treasury to Drive Crypto Payments
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Rezolve AI has announced a $1 billion Bitcoin treasury program to fuel the commercialization of its AI-driven crypto payment platform. The initiative, launched with an initial $100 million investment, is being developed in collaboration with Tether. The company aims to integrate artificial intelligence with blockchain technology, enabling both consumers and retailers to transact using Bitcoin,…
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Bybit Suffers $1.4 Billion Hack, Faces $5.5 Billion in Outflows
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Bybit has suffered a devastating security breach, leading to the theft of $1.4 billion in ether from its cold wallet. The attack, allegedly carried out by North Korea’s Lazarus Group, triggered a wave of panic among users, resulting in over $5.5 billion in outflows. According to DeFiLlama, Bybit’s total tracked assets plummeted from $16.9 billion…
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America Reclaims Crypto Leadership with Pro-Growth Reforms
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America is back on track to reclaim its leadership in the crypto industry. With the inauguration of President Trump, the new administration has swiftly introduced pro-crypto initiatives, signaling a drastic shift from the previous regulatory hostility. This shift is set to unlock innovation, attract talent back to the US, and position America as the global…
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Russia Moves to Classify Crypto as Property in Penal Cases
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Russia’s Supreme Court is taking significant steps 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. This initiative marks another step in Russia’s ongoing efforts to integrate cryptocurrency into its legal framework. Crypto’s Role in Criminal Cases Chairperson Irina Podnosova…
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Coinbase Triumphs as SEC Drops Enforcement Case
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In a major win for the crypto sector, the U.S. Securities and Exchange Commission (SEC) has agreed to drop its enforcement case against Coinbase, pending commissioner approval. This marks a significant shift in regulatory stance, aligning with the pro-crypto approach of the new administration under President Donald Trump. Coinbase’s Legal Battle with the SEC The…
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Iran’s Crypto Outflows Surge 70% Amid Sanctions
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Iran’s Crypto Outflows have skyrocketed by 70% in 2024, reaching $4.2 billion, as reported by blockchain analytics firm Chainalysis. This sharp rise underscores the growing reliance on digital assets for capital flight amid escalating sanctions and economic turmoil. Geopolitical Instability Fuels Crypto Surge Sanctions and financial restrictions have made global banking access nearly impossible for…
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Binance.US Restores USD Deposits & Withdrawals, Offering Zero-Fee Bank Transfers
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Binance.US has officially restored United States Dollar (USD) fiat services, allowing customers to deposit and withdraw cash via bank transfer (ACH) with zero fees. This marks a significant milestone since the platform was forced to operate as a crypto-only exchange in July 2023. USD Services Are Back on Binance.US After months of operating without fiat…