Bybit Bounces Back: Restores Nearly Half of Ether Reserves After $1.5 Billion Hack In a stunning display of resilience, Bybit bounced back from a $1.5 billion hack in just two days, thanks to the crypto community’s solidarity. The exchange has restored nearly half of its Ether (ETH) reserves through OTC purchases and emergency transfers, showcasing […]
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Samson Mow Calls for Ethereum Rollback After $1.4 Billion Bybit Hack Samson Mow, a prominent Bitcoin advocate, has sparked a heated debate in the crypto community by urging a hard fork and blockchain rollback for Ethereum following a massive $1.4 billion hack on Bybit. Orchestrated by North Korean hackers, the theft of ETH and staked […]
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Vitalik Buterin Joins the Fight Against UK Government’s Demand for Apple User Data Vitalik Buterin, the mastermind behind Ethereum, has stepped into the fray to defend Apple users’ privacy in the UK, igniting a broader resistance against government overreach. Apple disables ADP for UK users iCloud data no longer end-to-end encrypted Buterin criticizes centralized data […]
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Indian Businessman Falls Victim to Sophisticated Crypto Scam, Loses $221k An Indian businessman from Ahmedabad lost Rs. 1.92 crore ($221k) to a sophisticated cryptocurrency scam that started with a seemingly innocuous friend request on Facebook. The scammer, posing as a woman, introduced the businessman to a fraudulent investment platform, promising high returns. Initially, small profits […]
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How Web2 Giants Like PayPal, Visa, and Mastercard Are Driving Cryptocurrency Adoption By 2025, the cryptocurrency landscape has transformed dramatically, thanks to major Web2 companies like PayPal, Visa, and Mastercard, who are now at the forefront of integrating crypto into mainstream financial systems. These giants, once viewed as adversaries to the crypto world, are now […]
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Consensys Urges SEC to Rethink DeFi Exchange Rule: A Clash Over Regulation and Innovation Consensys, a leading blockchain software developer, has formally challenged the U.S. Securities and Exchange Commission’s (SEC) proposed amendment that aims to redefine “exchange” to encompass decentralized finance (DeFi) protocols. This move, if implemented, could reshape the regulatory landscape for the crypto […]
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Ethereum Money Laundering Through Exchanges: The Need for Heightened Risk Control The rise of Ethereum as a preferred vehicle for money laundering through cryptocurrency exchanges is a stark reminder of the dark side of blockchain’s potential. While we celebrate the promise of decentralization and privacy, we must also address the growing threat of illegal activities […]
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It’s Not Just Ye: Racist Meme Coins Promoting Extremist Ideologies Proliferate The cryptocurrency world continues to grapple with the surge of racist meme coins, a troubling trend highlighted by Ye’s (formerly Kanye West) proposed “Swasticoin.” This issue underscores the broader challenge of moderating offensive content on decentralized platforms, sparking a debate on the balance between […]
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mETH Protocol and Tether Lead Campaign to Freeze Bybit Hackers’ Bounty Bybit, a major cryptocurrency exchange, was hit with a massive $1.4 billion hack involving Ethereum (ETH) and staked Ethereum (stETH). The crypto community, led by mETH Protocol and Tether, has swiftly mobilized to freeze the stolen assets and support recovery efforts. Bybit, showing resilience, […]
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Binance Pay Transactions Soar to $72.4 Billion Amid Rising Crypto Adoption Binance Pay’s transaction volume reached an impressive $72.4 billion in 2024, highlighting the platform’s crucial role in accelerating cryptocurrency adoption for everyday payments. Transaction volume hits $72.4 billion on Binance Pay. User base expands to 41.7 million. Stablecoins, led by Tether (USDT), dominate transactions. […]
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