IMF Moves to Block El Salvador’s Public Sector from Accumulating Bitcoin
The International Monetary Fund (IMF) is seeking to limit Bitcoin purchases by El Salvador as part of an expanded $1.4 billion financial agreement with the country. On March 3, the IMF formally requested an extension of its funding arrangement with El Salvador, submitting several new documents, including updates to the staff statement and a new […]
Bybit Hack: $1.4B Stolen Crypto Laundered in 10 Days
The individual behind the Bybit hack, one of the most significant thefts in crypto history, has successfully laundered the entire $1.4 billion worth of assets taken. However, there is hope that blockchain security experts may still manage to recover some of the stolen funds. On February 21, Bybit fell victim to a major hack, resulting […]
Market Mayhem Triggers $1 Billion in Crypto Liquidations
Crypto derivatives traders faced over $1 billion in liquidations within 24 hours as escalating trade tensions rattled markets, according to CoinGlass data. A staggering 87% of liquidations came from long positions, as the volatility of early March erased double-digit gains from the previous days, the data revealed. On March 4, US President Donald Trump announced […]