Author: Yeek.io

Bybit has requested a refund from ParaSwap DAO for swap fees paid by a hacker, sparking a governance debate over ethical responsibility. Cryptocurrency exchange Bybit wants ParaSwap DAO to return over $90,000 in Ethereum (ETH) in swap fees tied to the $1.46 billion theft, sparking debate in the decentralized finance community over a move that could set a legal precedent. Bybit asked to return 44.67 ETH from the Paraswap DAO that Bybit hacker paid in SWAP FEES.This decision has ethical and legal responsibilities against the DAO and sets a precedent for the wider DeFi ecosystem (notably Thorswap).I’m a Paraswap DAO…

The Bybit exploiter has laundered 100% of the stolen funds after staging the biggest hack in crypto history, but some of the loot may still be recoverable by blockchain security experts.On Feb. 21, Bybit was hacked for over $1.4 billion worth of liquid-staked Ether (STETH), Mantle Staked ETH (mETH) and other ERC-20 tokens, resulting in the largest crypto theft in history.The hacker has since moved all 500,000 stolen Ether (ETH), now valued at about $1.04 billion, primarily through the decentralized crosschain protocol THORChain, blockchain security firm Lookonchain reported in a March 4 post on X:“The #Bybit hacker has laundered all…

Currently, XRP is trading at $2.34 after an 11.38% decrease in the last 24 hours and a 16.25% drop over the past 30 days. This recent pullback comes amid a dynamic market environment where short-term recoveries can be quickly reversed. XRP Price Analysis Over the last 30 days, XRP has been down 16.25%, which indicates that despite some recent volatility, the longer-term trend is still showing downward pressure. This mixed picture suggests that while there might be opportunities for a short-term rebound, investors should be cautious given the overall bearish momentum in the broader trend. Oscillators and Momentum Indicators Currently,…

A newly disclosed set of deadlines from the International Monetary Fund (IMF) appears set to sharpen oversight of El Salvador’s Bitcoin during the coming year and beyond. According to information released by journalist Ricardo Valp of El Faro, President Nayib Bukele’s administration allegedly agreed to share comprehensive data on its BTC holdings and transactions in return for the $1.4 billion bailout package. In a post on X, Valp wrote: “NEW: ‘The IMF reveals Bukele agreed provide IMF with internal information about Bitcoin transactions, including cold & hot wallet addresses owned by the Government of El Salvador, the names of people…

​In the midst of escalating trade tensions and economic uncertainties, investors are exploring alternative avenues to safeguard their assets. One such avenue gaining attention is cryptocurrency presales.  Unlike established cryptocurrencies that are currently experiencing significant volatility, presales offer a unique opportunity to invest in projects before they hit the mainstream market.  This early-stage investment can potentially shield investors from the immediate market fluctuations affecting listed tokens.​  Here are three noteworthy new crypto presales that have been gaining traction: The Current Crypto Market Landscape Recent developments have sent shockwaves through global markets, triggering widespread economic uncertainty and volatility. In a bold move,…

Este artículo también está disponible en español. Ethereum has experienced a massive drop, reaching its lowest level since late November 2023. The entire market has been hit by extreme volatility, uncertainty, and aggressive price swings, with ETH losing over 20% of its value in just hours. Investors fear that this correction could extend further as Ethereum struggles to reclaim key demand levels. Related Reading Analysts are closely monitoring Ethereum’s price action, as the next few days could determine the short-term outlook for the second-largest cryptocurrency. Top analyst Ali Martinez shared a technical analysis on X, suggesting that Ethereum is on…

Homepage > News > Business > Trump’s altcoin-fueled ‘crypto reserve’ plans thrill, confuse Donald Trump’s announcement of a ‘Crypto Strategic Reserve’ containing some prominent altcoins sparked a major (albeit extremely temporary) token price rally, as well as cries that America’s crypto corruption seems to have found another gear. On the morning of Sunday, March 2, President Trump posted the following message from his Truth Social account: “A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move…

Analysts have warned that the crypto market could face increased volatility ahead as key macroeconomic developments are driving a risk-off sentiment among investors. The crypto market shed $500 billion in a day According to The Kobeissi Letter, the crypto market has shed over $500 billion in the last 24 hours—around $100 billion less than its value before U.S. President Donald Trump’s weekend announcement of a strategic crypto reserve, which would consist of a basket of crypto assets, with Bitcoin and Ethereum as core holdings. Crypto total market cap — March 4 | source: TradingView Analysts at The Kobeissi Letter pointed…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. When people talk about zero-knowledge cryptography in 2024, they’re often referring to a privacy-focused use case that relies on a combination of blockchain technology, cryptocurrencies, digital wallets, and users with some degree of web3 knowledge.  Zero-knowledge proofs have existed since the 1980s, long before the advent of web3. So why limit their potential to blockchain applications? Traditional companies can—and should—adopt ZK technology without fully embracing web3 infrastructure. At a basic level, ZKPs unlock the ability to prove…

In recent weeks, the Securities and Exchange Commission (SEC) has been on a dismissal spree. First Coinbase, then Consensys, Gemini and OpenSea. Yesterday, it was Kraken. One by one, virtually every high-profile enforcement action of the era of former SEC chair Gary Gensler has fallen.This signals to the cryptocurrency industry that US President Donald Trump’s administration will not govern like the last. Indeed, Commissioner Hester Peirce, who is currently serving as head of the SEC’s Crypto Task Force, released a public statement explaining that the SEC would not be regulating by enforcement anymore: “The decision by the previous Commission to shift…