Bybit Loses $1.5 Billion to “Biggest Digital Heist Ever”
The Dubai-based cryptocurrency exchange Bybit has called on the brightest minds in cybersecurity to trace and help recover $1.5 billion worth of Ethereum, which hackers stole in what is being called the single biggest digital theft in history. According to Bybit, a hacker obtained a wallet of Ethereum, the second most popular digital currency after…
Vipin
Fed Chair Powell Says No Digital Dollar Under His Watch
In a startling revelation, the chairman of the Federal Reserve System, Jerome Powell, testified before the Senate Banking Committee and voiced his concerns about a Central Bank Digital Currency (CBDC) in the United States of America. During the hearing, Senator Bernie Moreno of Ohio asked Powell directly, “Something that concerns me a lot is the…
Sumit
Donald Trump’s Second Term Pulls the Crypto Market
Moments after the 47th President of the United States of America, Donald Trump’s swearing-in ceremony, Bitcoin, the biggest cryptocurrency in the world, surged close to its all-time high. Before now, the cryptocurrency was within the $90,000 range and soon after the swearing-in ceremony, the first lady launched her very own crypto currency, meme coin, which…
Bitcoins Touches the $81000 Market to Hit All-Time High
Spirits are high amongst traders after the lop-sided victory of the republican candidate, Donald Trump, in the 2024 US Presidential elections. This was evident by the fact that Bitcoin surged to an all-time high as traders believed that Donald Trump’s return to the White House would affect the cryptocurrency market for good. The biggest cryptocurrency…
John David
$650 Million Crypto Fraud: SEC Cracks Down with Lawsuit
After reports of another crypto fraud, the US SEC has filed a lawsuit against a crypto company called NovaTech and its co-founder couple. According to the SEC( US Security and Exchange Commission), the founding couple raised over $650 million from around 200,000 investors worldwide, including many Haitian-Americans. The SEC mentioned that the co-founders Cynthia and…