Cryptocurrency exchange Bybit has awarded a collective bounty of $4.2 million to five bounty hunters that have helped trace and freeze funds that were stolen from the exchange in a hack. Bybit is offering a total bounty of $140 million, which is equal to 10% of the $1.

The 2022 collapse of FTX has become one of the most expensive Chapter 11 cases in U.S. history. According to a Bloomberg report, the fees associated with FTX's bankruptcy proceedings have nearly reached $1 billion.

The meme coin revolution is unstoppable, with digital assets like Dogecoin (DOGE), Shiba Inu (SHIB), and Floki Inu (FLOKI) captivating traders with their wild price swings and viral appeal. From community-driven growth to unexpected utility, these tokens have rewritten the rules of crypto.

Senator Cynthia Lummis convened the first hearing of the U.S. Senate Banking Committee Subcommittee on Digital Assets on Feb. 26. The hearing was titled “Exploring Bipartisan Legislative Frameworks for Digital Assets.

Lawmakers are starting to get cracking on crypto legislation with hopes that bills can soon get signed by Trump by the end of the year.

The SEC and crypto entrepreneur Justin Sun are looking into potentially resolving its case involving fraud.

Bank of America CEO Brian Moynihan has confirmed that the bank plans to enter the stablecoin market, should US regulations allow it. Speaking at a Washington, D.C.

The SEC, Justin Sun and three of his companies jointly asked a US federal court to pause the regulator's case against the crypto entrepreneur.

The SEC, Justin Sun and three of his companies jointly asked a US federal court to pause the regulator's case against the crypto entrepreneur.

Several investors are currently in limbo regarding the best cryptos to buy before April.

The popular battle royale game Fortnite recently added fake crypto in-game as a joke to poke fun at the cryptocurrency industry. However, crypto degens took it seriously and launched a meme coin named ‘$DB,' on Solana which soared to a market cap of $4.78 million.

The UAE city-state is introducing new regulations that will require virtual asset issuers and service providers to disclose the identities of major token holders. The aim is to boost transparency and protect investors.

America's second-largest bank, Bank of America, has hinted at plans to launch its USD-backed stablecoin if comprehensive legislation is passed. Bank of America would potentially become the first major bank to embrace digital currencies for payments and transfers.

Dune Analytics announced support for 100 blockchains on February 26, 2025, expanding its data tools amid increasing demand for unified cross-chain analytics.

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Aneirin Flynn, co-founder and CEO of FailSafe, chatted with crypto.news on how the Bybit exploit happened.

The "RollOut" program will offer tools, resources and funding from firms, including Google, Coinbase Ventures and Dragonfly.

House lawmakers advanced a resolution in committee that aims to prevent the IRS from imposing tax reporting requirements on DeFi projects.

The DePIN Pledge could significantly shift the Web3 landscape by reducing reliance on centralized systems, fostering true decentralization. The post Fluence introduces DePIN pledge to accelerate web3‬ ‭adoption of decentralized infrastructure, backed by‬ ‭leading DePIN firms‬ ‭ appeared first on Crypto Briefing.

Backpack Exchange has introduced Interest Bearing Perpetuals, a feature designed to improve capital efficiency and optimize trading strategies.

The chief investment officer of crypto asset management firm Bitwise says the industry needs a new selling point now that memecoins are losing mindshare.

FTX's bankruptcy has resulted in $950 million in legal and advisory fees, making it one of the most expensive corporate collapses. Despite the costs, most creditors are expected to recover 118% of claims. The post FTX Bankruptcy Costliest Ever, Nears $1 Billion in Fees: Bloomberg appeared first on Cryptonews.

The recent Bybit hack is a geopolitical issue rather than a fundamental flaw in cryptocurrency security, according to Crucible Capital's Meltem Demirors.

According to data provided by CoinGlass, more than $423 million worth of crypto has been liquidated over the past four hours alone.

The recent $1.4 billion Bybit hack has put cybersecurity in the crypto industry into sharper focus as firms search for a way forward.

Early positioning is often the defining factor between moderate returns and life-changing wealth in the fast-moving world of cryptocurrencies.

Bank of America CEO Brian Moynihan signals the financial industry's shift toward the crypto economy, highlighting stablecoins' potential and the balance between digital innovation and traditional banking services. The post Bank of America CEO Hints at Launching Dollar-Pegged BofA Stablecoins appeared first on Cryptonews.

The altcoin and meme coin sectors incurred significant losses on Feb. 26, 2025, as investor apprehension over former President Donald Trump's proposed EU tariffs sparked a widespread sell-off, with safe coin (SAFE) declining by 8.83%. Altcoins Plummet Amid Trump-EU Tariff Uncertainty Global cryptocurrency market capitalization dropped 3.16% to $2.

Lawmakers have taken a step toward overturning a tax rule that mandates “custodial brokers” to gather and report user data to the IRS. The measure, which has sparked debate over its potential impact on financial institutions and taxpayers, now awaits a vote in the full House of Representatives.

A Russian national accused of cryptocurrency market manipulation has been extradited to the United States to face federal charges. Aleksei Andriunin, the Gotbit Founder, appeared in a Boston court following his extradition from Portugal, where he had been residing.

Global cryptocurrency markets have lost more than $800 billion in recent weeks. As the Financial Times (FT) reported Wednesday (Feb. 26), this rout comes as the enthusiasm within the crypto sector that came with Donald Trump's election victory begins to fade.

Bybit revealed that the recent $1.4 billion hack did not compromise its infrastructure and was caused by a vulnerability in a Safe developer machine. According to the exchange's initial forensic report, the attack was executed through Safe's AWS S3 bucket, allowing bad actors to manipulate the wallet front end.

The capital markets firm Citadel Securities is reportedly planning on diving into the crypto sector. Bloomberg, citing “people familiar with the matter,” reports that the market maker aims to serve as a liquidity provider for crypto assets.

An investigation into the recent Bybit hack has determined that the attackers most likely took advantage of a vulnerability in Safe, the crypto wallet that Bybit was using. Late last week, hackers linked to North Korea's Lazarus Group pulled off what is believed to be the biggest heist in history, stealing $1.

Volatility is the name of the game when it comes to crypto markets, and this week offered participants more of the same: an $800 billion rout since January.

The defendant has been indicted by a federal grand jury for allegedly participating in a scheme to inflate the prospects of certain tokens.

Crypto wallet provider Phantom has announced the acquisition of SimpleHash, a non-fungible token data platform that supports over 80 blockchains.

The founder of a cryptocurrency financial services firm has been extradited from Portugal to face U.S. charges that he participated in a wide-ranging scheme to manipulate the market for digital tokens on behalf of client companies.

Bank of America, one of the largest financial institutions in the US, is planning to launch its own stablecoin, according to its CEO. In a new interview at the Economic Club of Washington, D.C., Bank of America CEO Brian Moynihan says they intend to launch a stablecoin once laws change to allow it, Fortune reports.

Former Congressman Patrick McHenry, who advocated for crypto in the last few years of his political career, is joining VC firm a16z as a senior adviser.

Bank of America CEO Brian Moynihan revealed plans to issue a dollar-backed stablecoin once regulations allow, signaling the banking giant's strategic pivot toward digital assets.

The UK government has introduced the Crime and Policing Bill, aimed at enhancing the country's ability to recover proceeds from cryptocurrency-related crime.

Lawmakers voted to support a resolution to overturn a controversial tax rule and will head to the full House of Representatives for a vote.

Metro Singapore has announced an innovative partnership with Dtcpay, a leading digital payment solutions provider, to introduce stablecoin payments across its stores. This strategic collaboration enables customers to make seamless transactions using popular digital currencies such as USDT (Tether) and USDC. The post Singapore's Department Store Metro to Support Stablecoin Payments appeared first on Cryptonews.

Bank of America CEO Brian Moynihan stated that the bank is ready to launch a stablecoin, pending U.S. regulatory approval.

Washington's battle over cryptocurrency regulation could set up a potential clash between pro-crypto Democratic lawmakers and Senator Elizabeth Warren, a longtime fault-finder of the digital assets industry. The divide comes just months into Warren's tenure as the liberal leader on the Senate Banking Committee, placing her at odds with some members of her party.

Bybit stated its infrastructure was unaffected in the $1.4 billion security incident involving compromised developer machine credentials at Safe Wallet, which enabled unauthorized transactions.