What are multisig cold wallets? Multisignature (multisig) cold wallets are often considered one of the safest ways to store digital assets, providing an extra layer of protection against theft. However, even these advanced security measures are not infallible, as demonstrated by the February 2025 Bybit hack. Before diving into their security, let’s break down what … Read more
By Omkar Godbole (All times ET unless indicated otherwise) The crypto market has stabilized somewhat following comments from Commerce Minister Howard Lutnick, who said President Donald Trump could announce on Wednesday a pathway for tariff relief on Canadian and Mexican imports covered by NAFTA. That has helped BTC bounce to nearly $90K, with the total … Read more
A multi-day ‘extreme fear’ reading in a widely-followed sentiment index could be indicative of bitcoin prices setting a bottom before moving higher in the coming weeks — with a previously similar setup preceding a 200% rise in BTC. The Fear and Greed Index, which measures investor emotions in markets like bitcoin, ranging from 0 (lowest … Read more
Bitcoin (BTC) open interest (OI) has fallen to its lowest level since August, currently standing at 413,000 BTC ($36 billion), according to Glassnode data. OI represents the total funds allocated in outstanding futures contracts, effectively measuring the amount of leverage in the bitcoin system. Since these contracts are denominated in dollars, their value fluctuates with … Read more
An anonymous cryptocurrency trader has accumulated almost $68 million in unrealized profit by shorting Ether amid its recent price decline. According to blockchain data from Hypurrscan, the trader opened a 50x leveraged short position when Ether (ETH) was trading at $3,176, on Feb. 1. As of 9:06 am UTC on March 5, the position had … Read more
Animoca Brands reported $314 million in bookings for 2024, marking a 12% year-over-year increase. Bookings is a term commonly used in the gaming sector to represent the sum of revenue and deferred revenue. It includes all payments received and potential sales based on contracts not yet fulfilled. According to Animoca Brands, its Digital Asset Advisory … Read more
Bybit onfirmed it was behind a proposal requesting that decentralized finance (DeFi) protocol ParaSwap return fees earned from swaps conducted by the Lazarus Group using digital assets stolen from the exchange. On March 4, a proposal was posted on ParaSwap’s decentralized autonomous organization (DAO) forum asking to freeze and return 44.67 Wrapped Ether (wETH), worth … Read more
Bitcoin (BTC) has a 95% chance of staying above $69,000 forever, a classic BTC price forecasting tool says. In a post to X on March 4, network economist Timothy Peterson revealed a new floor level from the “Lowest Price Forward” metric. Peterson: $69,000 BTC price has 95% chance of holding Bitcoin remains highly sensitive to … Read more
Cryptocurrency banking firm Sygnum is partnering with crypto derivatives exchange Deribit to provide its off-exchange custody platform, Sygnum Protect. On March 5, Sygnum officially announced the expansion of Sygnum Protect, its off-exchange custody platform, to include Deribit, one of the world’s largest derivatives exchanges in crypto. This new integration enables institutional Deribit traders to hold … Read more
Crypto bank Sygnum has expanded its custody platform to include the world’s leading options exchange Deribit. Sygnum and Deribit are now leveraging crypto custodian Fireblocks’ “Off Exchange” service, which allows traders to essentially “mirror” their assets held in custody on a trading platform. This will allow traders to hold their assets in a regulated bank … Read more