Bybit, a popular crypto exchange, is reeling from the massive hack worth $1.5 billion in digital assets. According to reports, the hackers targeted the crypto exchange’s cold wallet, an offline storage system, to steal the exchange’s assets, primarily Ether. On-chain data reveals that the stolen funds were quickly transferred into different wallets and liquidated on […]

Following a brief ascent above $99,000 on Friday, the Bitcoin market experienced a negative end to the past trading week as prices crashed below $96,000 in a sharp descent. Based on these happenings, the premier cryptocurrency remains in consolidation with little indication of its long-term price movement. Notably, blockchain analytics firm Glassnode has shared a […]

Ethereum is trading below the $2,700 mark after days of struggling to reclaim it and push above $2,800. Bulls have been unable to gain momentum, and selling pressure has kept ETH below key resistance levels. On Friday, the market was hit with negative news as Bybit, one of the top crypto exchanges, was hacked, leading […]

VanEck has announced a bold prediction that Bitcoin will play a critical role in managing the United States’ rising national debt. The study, based on Senator Cynthia Lummis’ proposed Bitcoin Act, shows that a strategic Bitcoin reserve may partially balance the country’s debt by 2049. But how feasible is this concept? Related Reading: Bitcoin Vs. […]

Bitcoin has experienced a quiet week, with price action stuck in a narrow range between $95K and $100K. Bulls have struggled to reclaim the $100K mark, while bears have failed to break the $95K support, leading to uncertainty about the next major move. However, fear and volatility spiked on Friday after the cryptocurrency exchange Bybit […]

The exchange, facing a bank run and needing to process withdrawals, worked to secure a loan and developed new software to access frozen funds.

On-chain data shows the Bitcoin miners will have an easier time starting Sunday as the network Difficulty is set to see a correction. Bitcoin Mining Difficulty Will Drop In Upcoming Adjustment The “Difficulty” refers to a feature built into the Bitcoin blockchain that controls how hard the miners would find it to mine a block […]

After spending more than two weeks trading in the mid-$90,000 range, Bitcoin (BTC) is starting to climb toward the psychologically significant $100,000 mark. The flagship cryptocurrency surged past $99,000 following dovish remarks from Atlanta Federal Reserve Bank (Fed) President Raphael Bostic. Bostic’s Dovish Remarks Propel Bitcoin Beyond $99,000 Recently, Federal Reserve Chair Jerome Powell’s hawkish […]