Blockchain investigator ZachXBT has linked the recent $1.46 billion Bybit hack to North Korea’s Lazarus Group, according to a submission made to Arkham Intelligence at 19:09 UTC. Notably, the finding, which includes an extensive forensic analysis of wallet movements and test transactions, has been shared with Bybit’s security team to support its o
Slow Start for US Crypto Index ETFs on Debut: What Investors Need to Know
The debut of US Crypto Index ETFs has been met with a modest beginning, as they are taking their first steps towards listing. Despite the slow start, investors are showing interest in these new investment opportunities. This cautious optimism is a sign of the potential growth and evolution of the cryptocurrency market. The US Crypto […]
Bitcoin Enters Costa Rica’s Banking System with New ETF
Costa Rica is taking its first official step into the world of crypto investing. Banco Nacional, the country’s largest commercial bank, is set to launch a spot Bitcoin exchange-traded fund (ETF) through its investment arm, BN Fondos. This move marks the first time Costa Ricans will have access to a crypto investment product through the […]
Dogecoin Bull Market Run To Resume? Analyst Says DOGE Is Headed Toward New All-Time Highs
With the bull market still in play, there is strong optimism that Dogecoin will experience a major upward move in the near term. Many crypto analysts believe the impending move could push the dog-themed meme coin toward a new yearly high or new all-time high before the bull market concludes. New DOGE All-Time Highs On […]
Bybit Exploit Marks Biggest Crypto Hack Ever, Dealing a Major Blow to Industry Security
The recent security breach on Bybit is considered the largest crypto hack in history. This exploit has raised concerns about the safety of digital assets and highlights the importance of robust security measures in the cryptocurrency space. Bybit, a popular cryptocurrency exchange platform, fell victim to a sophisticated hack that resulted in the l
Discover My Top 3 Insights from Fidelity and Voltage’s Latest Lightning Report
Follow Frank on X. This Wednesday, a report co-produced by Fidelity Digital Assets and the Lightning payment service provider Voltage unveiled insights into the current status of the Lightning Network. The findings highlight the remarkable progress of the Lightning Network since its inception in 2018. The analysis indicates that in 2024, a greater
North Korean Lazarus Group Identified As Culprit In Bybit’s Historic $1.5 Billion Hack
In a significant blow to the cryptocurrency industry, Bybit, one of the leading crypto exchanges, has confirmed a major security breach involving its Ethereum cold wallet. The incident, reported on Friday by Bitcoinist, marks one of the largest cryptocurrency hacks in history, with losses estimated at over $1.5 billion. Bybit Hack Linked To North
Société Générale Forge Selects Stellar for MiCA-Compliant Stablecoin Expansion
Societe Generale-FORGE (SG-FORGE), a subsidiary of Societe Generale [a top commercial bank in France], has announced the expansion of its euro-backed stablecoin (EURCV) to the Stellar blockchain. Notably, the move aims to enhance accessibility, speed, and efficiency for financial institutions and businesses leveraging digital assets. The decision
Coinbase CEO’s Hot Take: Bitcoin Is Basically A ‘Meme Coin’
Brian Armstrong, the CEO of Coinbase, has recently made an audacious statement regarding Bitcoin that has caused quite a stir in the crypto industry. He recently proposed that Bitcoin could be regarded as “somewhat of a meme coin,” which sparked a debate among enthusiasts, analysts, and investors. The Power Of Collective Belief Like meme currencies
My Top 3 Takeaways From Fidelity And Voltage’s Recent Lightning Report
Follow Frank on X. In a report released this Wednesday, Fidelity Digital Assets in collaboration with Lightning payment provider Voltage released a report on the state of the Lightning Network. The report details the many ways in which the Lightning Network has grown since its launch in 2018. It also illustrates how more businesses have […]