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Bybit Offers $140 Million Bounty in Unprecedented Response to Crypto Heist

In a bold move that's reshaping how cryptocurrency exchanges respond to security breaches, Bybit has announced a staggering $140 million bounty to recover stolen funds and identify the perpetrators behind a recent major hack. This record-breaking reward marks a new chapter in crypto security,...

Love Island Winner’s Partner Faces Legal Issues Over Cryptocurrency Tax Evasion

In a striking example of the legal pitfalls surrounding cryptocurrency investments, Iris Au, the girlfriend of Love Island winner Davide Sanclimenti, has pleaded guilty to a federal tax charge related to her cryptocurrency earnings. The case, which has garnered significant media attention, underscores the...

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21Shares to Liquidate Two Bitcoin and Ether Futures ETFs Amid Market Downturn

In a significant development within the cryptocurrency investment space, 21Shares, a prominent issuer of crypto exchange-traded funds (ETFs), has announced its decision to liquidate two of its futures-based ETFs tied to Bitcoin and Ethereum. This move comes as the crypto market continues to grapple with heightened volatility and a broader downturn, raising questions about the sustainability of certain crypto investment products in challenging market...

Cryptocurrencies

IMF’s Stance on El Salvador’s Bitcoin Accumulation

El Salvador's pioneering venture into cryptocurrency adoption has reached a pivotal juncture. The International Monetary Fund (IMF) has approved a 40-month, $1.4 billion Extended Fund...

Bybit Hack Forensics Reveal SafeWallet Compromise

In a significant security breach that has sent shockwaves through the cryptocurrency community, Bybit, a prominent Dubai-based crypto exchange, suffered a theft of approximately $1.5...

China’s Ongoing Struggle to Control Underground Cryptocurrency Trading

Despite China's stringent regulations against cryptocurrency trading, underground brokers continue to facilitate large-scale transactions, enabling individuals to convert yuan into digital assets. This clandestine activity...

Crypto market

U.S. Bitcoin ETFs Witness Record $930 Million Daily Outflow

In a significant shift within the cryptocurrency investment landscape, U.S. Bitcoin exchange-traded funds (ETFs) have experienced an unprecedented daily outflow exceeding $930 million. This massive withdrawal underscores a growing trend among investors favoring traditional assets, particularly the 10-year U.S. Treasury note, as carry trades lose their allure amid current market conditions. On February 25, 2025, U.S. Bitcoin ETFs witnessed a record-setting outflow of over $930...

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