After hitting record highs last year, bitcoin has lost a bit of its luster. The world’s most popular cryptocurrency saw its largest one-day drop in months on Tuesday (Feb. 25) amid a range of factors, including concerns about tariffs in the U.S. and the recent, record-breaking theft of...
Cryptocurrency exchange Bybit says it has replenished its reserve following a record-breaking $1.5 billion hack. The company announced Monday (Feb. 24) that it had conducted a fresh audit and restored its reserve to a 1:1 ratio within 72 hours of last week’s incident. “Bybit fully backs all customer assets...
Cryptocurrency companies have reportedly reentered the sporting world amid a new resurgence in their industry. As the Financial Times (FT) reported Sunday (Feb. 23), crypto firms are increasing their investments and sponsorships of sporting teams, in hopes of tapping into enthusiasm for the sector brought...
Cryptocurrency exchange Bybit said Friday (Feb. 21) that a cyberattacker stole some of its holdings. In its posts on X about the incident, the company did not say how much was taken. Bloomberg reported Friday that analysts estimate the loss to total nearly $1.5 billion worth of tokens. Rob...
Digital asset legislation is needed in the U.S. to “unleash innovation” while protecting consumers and national security, two members of the House Financial Services Committee (HFSC) wrote in an op-ed posted Wednesday (Feb. 19) on the HFSC’s website. Reps. French Hill, R-Ark., who is chairman of the HFSC,...
Binance.US says it has resumed accepting U.S. dollar deposits and withdrawals. Customers on the cryptocurrency platform can now withdraw and deposit USD via ACH bank transfers, Binance.US announced Wednesday (Feb. 20), a little more than 19 months after the company suspended dollar transactions. “We are thrilled to restore...
Cryptocurrency exchange Coinbase is calling on lawmakers to establish regulations for the digital asset industry. “Blockchain technology and digital assets are reshaping the global economy, bringing opportunities for innovation, financial inclusion, and economic growth,” the company wrote on its blog Wednesday (Feb. 19). “Yet, the...
Cryptocurrency has been synonymous with a lack of regulation and a Wild West ethos. This has led to speculative and non-core products like meme coins, blockchain games and yesteryear’s NFTs and ICOs. But all that is beginning to change as regulated economies across the world...
Tether Co-Founder Reeve Collins is reportedly backing a new stablecoin project called Pi Protocol that will be backed by yield-bearing real-world assets like bonds. The new stablecoin is expected to debut on the Ethereum and Solana blockchains in the second half of the year, Bloomberg...
