Key Takeaways Leading crypto exchange, Bybit is still dealing with the fallout from a $1.4 billion exploit that has become the biggest crypto heist in history. The attack, which took place on February 21, resulted in the theft of liquid-staked…
Key Takeaways Leading Cross-chain trading protocol Chainflip is rolling out an emergency software upgrade to prevent the movement of funds linked to the $1.4 billion Bybit exploit. The upgrade, version 1.7.10, is designed to block illicit transactions within the protocol,…
Key Takeaways Florida State Senator Joe Gruters has introduced a bill that would authorize the state’s chief financial officer (CFO) to invest public funds in Bitcoin, positioning the cryptocurrency as a hedge against inflation and a store of value. The…
Key Takeaways The Canadian Investment Regulatory Organization (CIRO) has announced that cryptocurrency funds will not be eligible for reduced margin rates due to concerns about volatility, liquidity risks, and regulatory uncertainty. This decision, released on February 5 as part of…
Key Takeaways Leading crypto exchange Coinbase is intensifying its lobbying efforts to U.S. regulators in a bid to facilitate greater involvement from banks in the crypto market. The exchange has formally called on banking authorities to clarify and amend rules…
Key Takeaways Indian crypto exchange WazirX has informed creditors that repayments following its $235 million hack could be delayed until 2030 if they do not approve its proposed restructuring plan. The exchange, which was hacked in July 2024, has been…
Key Takeaways Leading Swiss Bank, UBS, is testing blockchain tech to streamline gold investments. In collaboration with ZKsync, UBS has conducted a proof-of-concept (PoC) to explore how zero-knowledge rollups can improve scalability, privacy, and interoperability in gold transactions. The focus…
Key Takeaways Leading crypto firm, Kraken reported a huge surge in revenue for 2024, reaching $1.5 billion—up 128% from the previous year. The exchange also recorded an EBITDA(earnings before interest, taxes, depreciation, and amortization) of $380 million and processed $665…
Key Takeaways Leading Crypto exchange Kraken has announced plans to remove support for several stablecoins, including Tether (USDT), across the European Economic Area (EEA) as the European Union’s Markets in Crypto-Assets Regulation (MiCA) takes full effect. The decision aligns with…
Key Takeaways Seven individuals involved in a violent cryptocurrency extortion scheme have been sentenced to prison in the UK, following a harrowing case that underscores the risks faced by digital asset investors. The gang targeted a crypto holder over nearly…
