Binance founder Changpeng Zhao (CZ) has recommended that Bybit should halt withdrawals as a security precaution following Friday’s $1.5 billion hack. “Not an easy situation to deal with. Might suggest to halt all withdrawals for a bit as a standard security precaution. Will provide any assistance if needed. Good luck,” he wrote in an X … Read more
Cryptocurrency exchange Bybit has experienced $1.46 billion worth of “suspicious outflows,” according to blockchain sleuth ZachXBT. The wallet in question appears to have sent 401,346 ETH ($1.1 billion) as well as several other iterations of staked ether (stETH) to a fresh wallet, which is now liquidating mETH and stETH on decentralized exchanges, etherscan shows. The … Read more
State-owned Banco Nacional (BN), the largest commercial bank in Costa Rica and one of the biggest in Central America with over $7 billion in assets, is launching a spot bitcoin exchange-traded fund through its investment management arm, BN Fondos, according to local reports. This marks the first time that Costa Ricans will have access to … Read more
Cryptocurrency prices dropped on Friday, reversing early gains on reports that crypto exchange Bybit was seeing $1.4 billion worth of crypto outflows in a potential security incident. Bitcoin (BTC) slid to near $97,000 from challenging the $100,000 earlier during the day, while ether (ETH) slipped nearly 4%, dipping below $2,700. The move happened after well-followed … Read more
Major cryptocurrency exchange Bybit said all of its liquidation data is now publicly available through an upgrade to its application programming interface (API). With the upgrade, the API delivers liquidation data updates every 500 milliseconds, twice as fast as the previous version, which provided just one update per second per trading pair, it said. The … Read more
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3321.84, up 1.4% (+45.53) since 4 p.m. ET on Thursday. 18 of 20 assets are trading higher. Leaders: LTC (+6.8%) and DOT (+4.9%). Laggards: XRP (-0.5%) and XLM (-0.1%). … Read more
Coinbase (COIN) shares jumped 5% ahead of Friday market opening on news that the U.S. Securities and Exchange Commission (SEC) is poised to drop charges against the crypto exchange. The broader crypto market was also climbing higher with bitcoin (BTC) nearing $100,000 for the first time since early February. The Coindesk 20 Index, a broad-market … Read more
The U.S. Securities and Exchange Commission will vote soon on a deal negotiated with Coinbase to entirely drop the agency’s legal pursuit of the crypto exchange, according to the company’s top lawyer. While the SEC has been making moves almost daily to reverse past positions on digital assets, the pending vote would mark a watershed … Read more
The Securities and Exchange Commission (SEC) potentially dropping its Coinbase lawsuit could help boost sentiment for not only crypto tokens that were alleged as securities under the last presidential administration but also popular exchange Robinhood’s (HOOD) shares. Read more: SEC Poised to Drop Coinbase Lawsuit, Marking Big Moment for U.S. Crypto While the SEC hasn’t … Read more
By Francisco Rodrigues (All times ET unless indicated otherwise) Cryptocurrency prices are rising after the U.S. Securities and Exchange Commission’s former crypto enforcement unit transitioned into the Cyber and Emerging Technologies Unit and amid dovish comments from Atlanta Fed President Raphael Bostic. Renaming the Crypto Assets and Cyber Unit is significant because it shows the … Read more