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Crypto exchange Bybit loses $1.5 billion in record hack
Dubai-based cryptocurrency exchange Bybit reported on Friday that hackers stole $1.5 billion worth of digital assets in what marks the largest crypto theft in industry history, reports BSS. Bybit CEO and founder Ben Zhou addressed the hack during an online chat, assuring users that your funds...
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Argentina’s Milei faces impeachment threat over crypto controversy
Argentinas opposition lawmakers are considering impeachment proceedings against President Javier Milei after his endorsement of a controversial cryptocurrency led to accusations of misconduct. On Friday, Milei promoted the LIBRA crypto token on X (formerly Twitter), triggering a surge in its...
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Man who lost $800 million in Bitcoin in landfill wants to buy dump
Buried deep in a Welsh landfill, beneath layers of years-old trash, lies a hard drive that could unlock almost $800 million worth of bitcoin or so James Howells believes, after accidentally discarding the drive in 2013, CNNs Lianne Kolirin reported this on Friday. Now, after years of legal...
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Crypto giant Binance faces investigation in France for money laundering, tax fraud
French authorities have launched a judicial investigation into Binance, the worlds largest cryptocurrency exchange, citing allegations of money laundering, tax fraud, and illegal operations, some linked to drug trafficking. The probe spans offences from 2019 to 2024, including violations in France...
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The rise of Donald Trump’s meme coin in the crypto market
The cryptocurrency world is buzzing with the rise of the Donald Trump meme coin ($TRUMP), a digital token that blends political identity with speculative trading. Its dramatic price movements and political affiliations have turned it into one of the most talked-about crypto assets. But why are...
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Trump's new meme crypto token soars ahead of inauguration
Donald Trumps newly launched cryptocurrency surged on Monday, reaching a market value of over $9 billion and attracting billions in trading volume just hours before the U.S. President-elects return to the White House, reports Reuters. The meme coin, $TRUMP saw a 73% increase, rising to $46.06...
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US, Japan, South Korea issue joint warning on North Korea cryptocurrency theft
The United States, Japan, and South Korea released a joint statement highlighting the threat posed by Democratic Peoples Republic of Korea (DPRK) cyber actors targeting the global cryptocurrency industry. The statement underscores ongoing concerns about DPRKs use of cyber thefts to fund its...
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Text messaging scammers stole $2M in cryptocurrency from victims
Scammers stole millions of dollars in cryptocurrency from people seeking remote work opportunities as part of an elaborate scheme, according to New Yorks attorney general. Attorney General Letitia James said Thursday that shes filed a lawsuit in order to recover more than $2 million that she...
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Musk's new X avatar ‘Kekius Maximus’ causes memecoin to soar 900%
Elon Musk adopted the moniker Kekius Maximus on X Tuesday, sparking speculation among his 210 million followers about his mysterious new handle that is a mash-up of an alt-right symbol, a memecoin, and the lead character of the movie Gladiator. Musk, the CEO of Tesla and SpaceX and a confidant...
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Bitcoin more than doubles in 2024 on spot ETF approval, Trump euphoria
Bitcoin more than doubled in 2024 driven by the U.S. markets regulators approval for exchange-traded funds tied to its spot price, and optimism over easing regulatory hurdles with Donald Trump set to return to the White House. The worlds largest and most well-known cryptocurrency hit $1,00,000...
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Australia sues Binance unit over consumer protection failures
Australias corporate watchdog, the Australian Securities and Investments Commission (ASIC), announced on Wednesday that it has taken legal action against the local derivatives business of cryptocurrency exchange Binance. The lawsuit alleges that Binances Australian unit failed to provide consumer...
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Bitcoin’s landmark year sparks anticipation for crypto policy expansion in 2025
The incoming administration of President-elect Donald Trump and an intensified lobbying effort may drive U.S. states toward adopting more crypto-friendly policies in 2025. Proposals could include allowing public pension funds and state treasuries to invest in bitcoin. Supporters of...
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Bitcoin could be ‘most Islamic form of money’ experts claim at Abu Dhabi
Bitcoin has the potential to be the most Islamic form of money ever invented, according to experts at the Bitcoin Mena conference in Abu Dhabi, challenging the widely held belief that the cryptocurrency is haram (forbidden) under Islamic law, reads a KT report. Speakers at the recent conference...
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Trump family and allies set to celebrate crypto boom at Gulf bitcoin gathering
Key figures in President-elect Donald Trumps cryptocurrency venture will head to Abu Dhabi on Monday for the largest bitcoin gathering in the Gulf region, as the digital currency hits record highs, reports Reuters. Speakers include Trumps son Eric and billionaire Steve Witkoff, the new White...
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Bitcoin hits $1,00,000 for first time
Bitcoin broke the $1,00,000 mark for the first time Thursday on hopes US president-elect Donald Trump will push through measures to deregulate cryptocurrencies when he takes office next month. The cryptocurrency hit $1,00,010 in early Asian trade, having enjoyed a blistering rally since the...