Bybit stolen funds likely headed to crypto mixers next: Elliptic

The Chinese central bank sets up a “coordination mechanism” with state agencies to continue battling crypto. 6198 Total views 25 Total shares The Chinese government is getting more serious about cracking down on the cryptocurrency industry as state authorities are bringing forces to combat crypto operations in the country.The People’s Bank of China (PBoC) officially…

Trading veteren Peter Brandt has taken aim at Tether, advising traders not to ‘hold it overnight’ as it was riskier than ‘the Nigerian Trinket’. 1951 Total views 35 Total shares Renowned veteran trader Peter Brandt has compared holding Tether (USDT) to the risk of holding ‘the Nigerian Trinket’.In a tweet earlier today, Brandt took aim…

The founder of Synthetix believes that the DeFi ecosystem is realizing many of the promises that the fintech sector has failed to deliver. 3055 Total views 19 Total shares Kain Warwick, founder of DeFi derivatives platform Synthetix, argues that projects built on Ethereum can finally deliver on many of the promises that fintech failed to.Despite…

Successful candidates will, among many other tasks, "define Visa’s crypto strategy and identify new product opportunities." 120 Total views 2 Total shares According to a recent job posting, Visa is inviting new college graduates to join its 18-month rotational Crypto Development Program. Applicants will alternate between three departments of Visa's current crypto ecosystem: Crypto Product,…

Decentralized finance is becoming more things to more people. That’s not easy to do.

Coinbase launched Base, its new blockchain, in late July, and it has already become a major player among Ethereum-based layer-2 chains. On Sept. 21, for instance, the chain notched some 677,000 transactions, with 870,163 “new addresses seen,” according to Etherscan. By comparison, Arbitrum, a prominent layer 2 that launched in June 2021, had 925,000 transactions and 54,233

Bitcoin (BTC) saw ongoing rejection below $22,000 into Feb. 14 as markets braced for macroeconomic data impact.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin vs. CPI: "Expect volatility"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD failing to expand beyond $21,800 ahead of the United States Consumer Price Index (CPI) print for January.Already called the “most…

Blockchain exploits can be extremely costly; with poorly designed smart contracts, decentralized apps and bridges are attacked time and time again. For example, the Ronin Network experienced a $625-million breach in March 2022 when a hacker was able to steal private keys to generate fake withdrawals and transferred hundreds of millions out. The Nomad Bridge…

Web3 professionals discuss the barriers to broader NFT adoption, including the need for new narratives, improving reputation and simplifying user experiences.