Crypto

Source: Coin Tegraph “With this level of unity in this space, we know we’ll come back even stronger,” CEO Ben Zhou said following the outpouring of support. Read Full Article

Source: Bitcoinist After spending more than two weeks trading in the mid-$90,000 range, Bitcoin (BTC) is starting to climb toward the psychologically significant $100,000 mark. The flagship cryptocurrency surged past $99,000 following dovish remarks from Atlanta Federal Reserve Bank (Fed) President Raphael Bostic. Bostic’s Dovish Remarks Propel Bitcoin Beyond $99,000 Recently, Federal Reserve Chair Jerome…

Source: Coin Tegraph The record-breaking $1.4 billion Bybit hack displays the “increasingly creative exploits” seen in the crypto industry, Halborn’s co-founder told Cointelegraph. Read Full Article

Source: Coin Tegraph The $1.4 billion hack represents the single biggest crypto heist in history as the North Korean Lazarus hacking group strikes again. Read Full Article

Source: Bitcoinist In a positive development for the crypto industry, the US Securities and Exchange Commission (SEC) plans to end its 20-month-long legal battle against crypto exchange platform Coinbase and withdraw the enforcement case, a shift from the agency’s previous “regulation by enforcement” approach. SEC To Dismiss Coinbase Lawsuit On Friday, Coinbase announced that the…

Source: Coin Tegraph The post-Bitcoin halving period brings new opportunities and challenges that will shape the future of decentralized technology and its influence on global markets. Read Full Article

Source: Bitcoinist Societe Generale-Forge, the digital assets subsidiary of French banking giant Societe Generale, has launched a EUR-backed stablecoin ($EURCV CoinVertible) on the Stellar network.  The move has the potential to reshape the landscape of stablecoins, offering enhanced compliance, cost-effectiveness, and scalability.  The $EURCV stablecoin is set to serve as a key tool for financial…

Source: Coin Tegraph From rapid withdrawals to social media’s real-time breakdown, here’s how Bybit’s record-breaking $1.4 billion hack took shape. Read Full Article

Source: Bitcoinist A former payroll processing staff member at Bybit, Ho Kai Xin, has recently been sentenced to nine years and 11 months in jail on February 20. The charges stemmed from her fraudulent activities that involved defrauding ByBit Fintech, a Seychelles-based cryptocurrency exchange, of over $5.7 million. The Charges And How The Fraud Happened…

Source: Coin Tegraph Bybit’s assets fell by more than $5B after its $1.4 billion hack on Feb. 21, but independent audits confirm its reserves still exceed liabilities, ensuring full backing for user funds. Read Full Article