Bybit Hackers Potentially Tied to Solana Memecoin Scams
The infamous Lazarus Group, suspected of orchestrating the massive $1.4 billion Bybit hack, may also be linked to fraudulent Solana memecoin projects, including rug pulls on Pump.fun, according to blockchain investigator ZachXBT. On February 21, Bybit suffered the largest crypto heist in history, losing over $1.4 billion in liquid-staked Ether (stETH), Mantle Staked ETH (mETH), […]
The Altcoin Season Has Begun: CryptoQuant CEO
The next altcoin season has begun, according to Ki Young Ju, the CEO of CryptoQuant. He notes that the increased trading volume of altcoins, which is now about 2.7 times higher than Bitcoin’s, signals the start of this cycle. In a February 20 post on X, Young Ju pointed out that “BTC Dominance no longer […]
Pi Network’s Token Drops 65% After Mainnet Launch
The PI token from Pi Network saw a dramatic drop of over 65% after the project’s much-anticipated mainnet went live. On February 20, Pi Network revealed the official launch of its “Open Network,” marking the beginning of a phase where users can access centralized exchanges and interact with businesses outside its original ecosystem. Alongside this, […]
Bybit Exchange Hacked for $1.4B – Withdrawals Still Active but Facing Delays!
Cryptocurrency exchange Bybit has suffered a massive security breach, losing over $1.4 billion in liquid-staked Ether (stETH), Mantle Staked ETH (mETH), and other ERC-20 tokens. The hack was first identified by onchain security analyst ZachXBT, who urged users to blacklist addresses associated with the exploit. Bybit’s co-founder and CEO, Ben Zhou, confirmed the breach, explaining […]
SEC Launches New Unit to Tackle Crypto Fraud!
The U.S. Securities and Exchange Commission (SEC) unveiled the establishment of a new division on February 20, aimed at tackling cybercrime and fraudulent activities tied to blockchain and cryptocurrencies. Named the “Cyber and Emerging Technologies Unit” (CETU), this group will work to safeguard retail investors from malicious actors in the rapidly advancing tech sector. The […]
Brazil Approves First Spot XRP ETF
Brazil’s securities regulator has given the green light to the country’s first spot XRP exchange-traded fund (ETF) following an 8% surge in the asset’s value over the past 24 hours. The Hashdex Nasdaq XRP Index Fund has received approval from the Comissão de Valores Mobiliários (CVM) and is set to be listed for trading in […]
Strategy to Issue $2B in Convertible Notes for Bitcoin Purchases
Strategy, formerly MicroStrategy, has announced a $2-billion senior convertible note offering to acquire more Bitcoin and support operational expenses. These notes will carry a 0% interest rate and mature on March 1, 2030. Investors will have the option to convert each $1,000 note into 2.3072 shares of Strategy’s Class A common stock at a price […]
Saylor’s Company Plans $2B Convertible Note Offering to Expand Bitcoin Holdings
The firm known for its business intelligence services and Bitcoin investments, previously referred to as MicroStrategy, is aiming to raise an additional $2 billion through 0% senior convertible notes, with the goal of purchasing more Bitcoin. The initial note purchasers will have the opportunity to buy up to $300 million more in notes, which can […]
Czech Central Bank Governor: Bitcoin Should Be Studied, Not Feared
Rather than fearing Bitcoin, central banks should examine its underlying technology and economic implications, says Aleš Michl, governor of the Czech National Bank (CNB). Despite concerns about its volatility, he believes understanding Bitcoin could actually strengthen financial institutions. In a Feb. 19 post on X, Michl emphasized that Bitcoin should not be grouped together with […]
10 Stablecoin Issuers Gain Approval Under EU’s MiCA – Tether Excluded
A total of ten companies have received authorization to issue stablecoins in the European Union under the Markets in Crypto-Assets (MiCA) regulatory framework. Patrick Hansen, who serves as senior director of EU strategy and policy at Circle, shared that the approved entities include Banking Circle, stablecoin issuer Circle, Crypto.com, Fiat Republic, Membrane Finance, Quantoz Payments, […]