DMM Bitcoin, a crypto exchange based in Japan, reported a significant loss of $305 million following a recent hack. The security breach led to the theft of 4,502.9 Bitcoin (BTC) from the exchange. As a result, BTC price witnessed a…
Ben Zhou, CEO of cryptocurrency exchange Bybit, has addressed circulating rumors about the platform’s hacking and insolvency. He denied all insolvency rumors and shared evidence of Bybit’s financial holdings and crypto assets. Bybit CEO Shares Proof-of-Reserves In a May 23…
In a significant move to bolster network security and refine the incentives for validators, Solana validators have overwhelmingly voted in favor of Solana Improvement Documents (SIMD)-0096. This proposal redirects all transaction priority fees exclusively to validators, a shift from the…
As the cryptocurrency market continues its volatile dance, recent developments have stirred up excitement and speculation among investors. A series of seemingly coordinated actions by major players in the crypto space has sparked rumors of imminent approval for an Ethereum…
Over 80% of the newly listed cryptocurrencies on Binance, the world’s largest digital asset exchange by trading volume, have declined in value. In the past six months, these tokens have plunged in value since listing on the exchange, raising concerns…
Coinbase Global Inc., one of the prominent crypto exchanges, is targeting the self-managed pensions sector in Australia. The exchange aims to tap into the growing demand for crypto investments within this segment, which forms a substantial portion of the country’s…
A developer from Solana’s Cypher project has confessed to embezzling $300,000 in cryptocurrencies. Hoak’s illicit activities were exposed by Cypher’s founder Barrett, who traced the outflow of funds from the project’s redemption wallet. While admitting to the theft, Hoak has…
Bitcoin Layer 2s gain momentum with new solutions and increased security. Bitcoin (BTC) layer-2 (L2) blockchains will continue to grow as BTC continues to outperform other major crypto in 2024, according to a report by crypto exchange Bybit. Bitcoin’s market…
After a massive dump in April of 15%, the Bitcoin price is struggling to kick off the next bull run. As the market anticipates a massive jump after the fourth Bitcoin halving, the BTC price struggles near the $60,000 level.…
Binance Holdings Ltd was fined C$6 million ($4.4 million) by Canada’s financial watchdog for breaching money-laundering protections. The world’s largest crypto exchange received the financial penalty on Tuesday from Canada’s FINTRAC agency for failing to register as a foreign money…