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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
PumpAgent Ushering in a New Era of AI Agent Tokenization with Multi-Token Payments and Enhanced Functionality
In the era of deep AI and blockchain integration, PumpAgent is pioneering the tokenization of AI Agents, transforming them from mere tools into fully autonomous cryptographic assets with independent market value. This groundbreaking initiative has created an entirely new digital economic ecosystem, setting a precedent in the industry by allowing users to select multiple tokens […]
FTX’s $1.2B Repayments Signal Key Moment in Crypto Industry Recovery
FTX Digital Markets, the Bahamian division of the collapsed crypto exchange FTX, is preparing to distribute its first round of repayments to creditors on Feb. 18. This marks a major milestone for the crypto sector following FTX’s dramatic $9 billion downfall. The exchange’s collapse, along with over 130 affiliated entities, triggered a wave of insolvencies […]
Binance co-founder CZ shuts down exchange sale rumors
Changpeng Zhao, co-founder and former CEO of Binance, has dismissed speculation that the cryptocurrency exchange is up for sale. “Some self-proclaimed competitor in Asia spreading FUD about Binance (CEX) being for sale,” Zhao stated on X on Feb. 17. “As a shareholder, Binance is not for sale.” Binance co-founder Yi He echoed his remarks, suggesting […]