Bybit hack forensics show Safe(Wallet) compromise led to stolen funds

Chinese Bitcoin (BTC) miners are now responsible for controlling as much as 66% of global hash rate, a new report claims.China’s Sichuan province is accounting for over half the global hash rate, according to a study by London-based digital asset manager CoinShares, Reuters reports Dec. 11.Hash rate is a measure referring to the overall computing…

Despite there still being work to be done to further diversify the crypto space, many believe the blockchain sector is generally more diverse than other tech industries. This could be because cryptocurrency boasts financial inclusion and the democratization of global economics, attracting a wide variety of people from various nationalities, ethnicities, genders, etc., from around…

The arrested employees, including directors, are suspected of fraud. 2223 Total views 23 Total shares As a countrywide cryptocurrency ban looms, multiple Turkish exchanges have now come under investigation with four employees of the recently-shuttered Vebitcoin exchange arrested this morning for allegations of fraud.Last night, Vebitcoin announced it would be ceasing operations in a short…

To address the after-effects of the bushfires in Australia, the Binance Charity Foundation (BCF) is donating $1 million worth of BNB tokens to the Australia Bushfire Donations project.In a Jan. 7 blog post, BCF — the philanthropic arm of major cryptocurrency exchange Binance — announced the launch of a new charity project dubbed Australia Bushfire…

United States cryptocurrency exchange Coinbase has abruptly imposed a minimum deposit amount of 1,000 British Pounds ($1,240) for United Kingdom account holders, staff reportedly confirmed in private emails on July 16.Report: Coinbase Suspends Faster Payments Deposits in U.K.Coinbase, which previously allowed U.K. users to deposit fiat funds via the country’s Faster Payments settlement system, has…

Disclaimer: This report is being updated live from the Financial Services Committee floor. Check in for the latest on the hearing’s progress. All time notes are in EST.In advance:As Cointelegraph reported on Sept. 20, the United States House of Representatives Financial Services Committee is holding a hearing today, Sept. 24, with the Securities and Exchange…

Ethereum (ETH) decentralized exchange protocol AirSwap announced that it is running a  bug bounty program with rewards up to 20,000 DAI (worth $20,000). It begins now and continues indefinitely.On Dec. 4, the AirSwap team said that the value of the bug bounty rewards will depend on the severity of the bug found, according to the…

South Korea will get a separate security tokens market operated by Korea Exchange. 435 Total views 11 Total shares Guidelines for security tokens in South Korea will be announced by the end of 2022. Simultaneously, the pilot market with a regulatory sandbox will be launched before the formal institutionalization. Chief South Korean financial regulator, the Financial…