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news-imageFebruary 23, 2025

Crisis Management in $1.4 Billion Hack Sets New Industry Standard, Bybit Officials Say

Bybit, a major cryptocurrency exchange, has addressed the massive security breach that resulted in the theft of $1.4 billion in digital assets. Bybit Claims it Endured $1.4 Billion Digital Asset Theft With Swift Withdrawals and Strong Reserves Bybit officials say the hack took place on Feb.
Publisher: Bitcoin
Sentiment: Negative
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cover-imagePYMNTS
February 23, 2025

Crypto Firms Scoring More Sport Sponsorships Amid Industry Revival

Cryptocurrency companies have reportedly reentered the sporting world amid a new resurgence in their industry. As the Financial Times (FT) reported Sunday (Feb. 23), crypto firms are increasing their investments and sponsorships of sporting teams, in hopes of tapping into enthusiasm for the sector brought about in part by Donald Trump's presidency.

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cover-imageThe Daily Hodl
February 23, 2025

SEC Commissioner Hester Peirce Asks Public for Its Opinions on Key Aspects of Crypto Clarity

The U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce says that the public's input is necessary to bring greater crypto clarity. In a statement, the longest-serving commissioner on the board asks for public feedback on key areas that can establish clear rules of the road for the crypto industry.

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cover-imageBitcoin
February 23, 2025

Bybit Hack Funds Funneled Through Meme Coins, Onchain Sleuth Reports

The Lazarus Group, a North Korean-linked cybercrime entity, allegedly laundered $1.4 billion stolen from crypto exchange Bybit this week using meme coin platforms and cross-chain transfers, according to onchain investigator ZachXBT. $1.

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Positive
cover-imageCryptopolitan
February 23, 2025

Changpeng Zhao wants to donate $1M community gift

The co-founder of Binance, Changpeng Zhao has announced on X that he wants to donate the $1 million he received as a gift from the crypto community.

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Negative
cover-imageCryptopolitan
February 23, 2025

Extreme ideology tokens increase amid Kanye West's Swasticoin launch

The cryptocurrency industry has been the subject of debate in the last few weeks after the increase in tokens promoting extremist ideologies. While the sector has been seen as a place where community-led initiatives thrive, there have been questions surrounding the limits of decentralization that it needs.

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Positive
cover-imageUToday
February 23, 2025

Ex-Binance Boss CZ Shares His Plan for $1 Million Crypto Gift

It started with a charity dinner. Former Binance CEO Changpeng Zhao, better known as CZ, donated 150 BNB — around $100,000 — to support victims of the LIBRA token rug-pull scandal, a project controversially linked to the Argentine president.

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cover-imageBitcoinist
February 23, 2025

Consensys Pushes Back, Calls For SEC To Drop DeFi Exchange Rule Change

Blockchain software company Consensys has submitted a letter to the US Securities and Exchange Commission (SEC) urging the withdrawal of a proposed definition amendment that could classify DeFi protocols as part of securities exchanges. The US-based blockchain firm is opposing this motion citing concerns over regulatory overreach and violations of US core constitutional amendments.

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Negative
cover-imageThe Currency Analytics
February 23, 2025

Crypto Market Liquidation Hits $566M Following Bybit Hack

The cryptocurrency market experienced a major downturn recently, with $566 million worth of liquidations occurring within just 24 hours. This sharp drop in value came after the shocking $1.4 billion Bybit hack, which sent traders into a panic sell-off and led to a significant market correction.

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Positive
cover-imageBitcoinist
February 23, 2025

Kanye West Vs. Censorship: YZY Token Launch Sparks Crypto Buzz

Kanye West, also known as Ye, is once again generating headlines, this time in the cryptocurrency space. The controversial musician and entrepreneur has announced the launch of his cryptocurrency, YZY, with the objective of creating a financial environment independent from traditional payment platforms.

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