Day: February 28, 2025

Secure onchain UI would have prevented Bybit hack — Dfinity founder

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Dominic Williams, the founder and chief scientist at the Dfinity Foundation — a nonprofit organization that maintains and facilitates the development of the Internet Computer Protocol (ICP) — recently told Cointelegraph that applications should be fully onchain to prevent the user interface compromise seen in the recent Bybit hack. According to Williams, most decentralized applications and blockchain projects currently feature onchain tokenomics but rely on centralized web platforms, such as Amazon Web Services, for their infrastructure — which makes these applications and projects vulnerable to centralized security breaches. The Dfinity…

Bitcoin ETFs Extend Outflow Streak to 8 Days With Another $276 Million Withdrawn

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Bitcoin ETFs outflows extended to eight days with another outflow of $276 million, while ether ETFs saw $71 million in outflows. Sustained Withdrawals See More Losses for Bitcoin and Ether ETFs Crypto exchange-traded funds (ETFs) continue to face significant challenges as both bitcoin and ether ETFs experience persistent outflows. Bitcoin ETFs have now endured an […] Original

Bybit hack, miner bloodbath and efforts to ‘kill’ Tether

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Whether you’re new to crypto or a seasoned vet, there’s no sugar-coating that it has been a horrible week for markets. Bybit suffered the largest hack in the industry’s 15-year history, Bitcoin (BTC) plunged more than 20% from its high and US President Donald Trump inched closer to slapping 25% tariffs on imports from Canada and Mexico. Bitcoin proxy stocks also plunged due to a combination of earnings misses, operational losses and a strong correlation with BTC.  This week’s Crypto Biz newsletter dissects the fallout from the Bybit hack, Strategy’s…

Weeks like this will rattle your conviction

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Whether you’re new to crypto or a seasoned vet, there’s no sugar-coating that it has been a horrible week for markets. Bybit suffered the largest hack in the industry’s 15-year history, Bitcoin (BTC) plunged more than 20% from its high and US President Donald Trump inched closer to slapping 25% tariffs on imports from Canada and Mexico. Bitcoin proxy stocks also plunged due to a combination of earnings misses, operational losses and a strong correlation with BTC.  This week’s Crypto Biz newsletter dissects the fallout from the Bybit hack, Strategy’s…

World competitor Billions Network launches non-biometric digital ID

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Billions Network has launched a digital identification platform that doesn’t require users to hand over their biometric data, a move the company says preserves privacy and goes against the grain of competing projects like Sam Altman’s World.  According to a Feb. 28 announcement, Billions Network has created a universally accessible verification platform for humans and AI agents that’s based on Circom, its zero-knowledge verification technology. The company claims that its verification system has already been tested by financial institutions Deutsche Bank and HSBC.  More than 9,000 projects, including TikTok and…

Bitcoin’s ‘Trump trade’ is over — Traders shift hope to Fed rate cuts, expanding global liquidity

Financial markets are sending mixed signals as uncertainty reaches new highs. On Feb. 25, the US debt ceiling was raised from $36.1 trillion to $40.1 trillion, marking another massive expansion in government borrowing. Following a historical pattern, the benchmark 10-year Treasury yield reacted to the news by dropping from 4.4% to 4.29%. While this may seem counterintuitive, markets tend to interpret debt ceiling resolutions as stabilizing events, reducing near-term uncertainty even if they imply higher borrowing down the line. However, the stock and crypto markets, which usually benefit from lower…

Trump company files trademarks for branded metaverse, NFT marketplace

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Trump-owned company DTTM Operations filed for trademarks on Feb. 24 for the word ‘TRUMP’ in connection with a metaverse and NFT marketplace built around the US President’s brand. In this Trump-themed virtual world, users would be able to shop for physical and virtual goods, dine in a Trump restaurant, enjoy simulated transport by limousine, aircraft, train, and automobile, and watch public service programs about social issues, current events, and fundraising. Notably, the Trump metaverse would also feature virtual training services, personal coaching services, and guided tours of hotels and public…

Bitlayer expands Bitcoin’s reach with first BitVM implementation

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Bitlayer has taken a major step in integrating Bitcoin with the broader blockchain ecosystem by implementing BitVM, a new framework designed to enable trust-minimized Bitcoin interoperability. Through partnerships with Base, Starknet, Arbitrum (ARB), Sonic, and Plume Network, Bitlayer’s BitVM Bridge aims to expand Bitcoin’s (BTC) utility across decentralized finance and real-world asset applications, according to a press release shared with crypto.news.  Base’s cbBTC will allow Bitcoin holders to use their assets on EVM-compatible chains, bringing Bitcoin into the broader DeFi ecosystem. Arbitrum users will now be able to bridge Bitcoin…

Bitcoin CME Gap Is Still Open, Why $78,000

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Este artículo también está disponible en español. A new Bitcoin Chicago Mercantile Exchange (CME) gap has just been opened around $78,000 and $80,700. Analysts warn that this price range could act as a magnet for further downturns in the Bitcoin price, making it a critical area to watch in the coming days. According to crypto analyst Rekt Capital on X (formerly Twitter), Bitcoin is currently facing increased volatility as it moves closer to filling a key CME gap between $78,000 and $80,700. A CME gap represents price disparities on the…

Solana rallies 16% after SOL RSI drops to 2023 low: Was that the bottom?

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Solana (SOL) price dropped to a 2025 low at $125 on Feb. 28. However, the altcoin entered a 16% relief rally after the Chicago Mercantile Exchange (CME) announced the launch of Solana futures on March 17. The futures product now awaits regulatory approval from the Commodity Futures Trading Commission (CFTC). 🚨 NEW: CME Group to launch Solana futures on March 17, pending regulatory review by the CFTC. pic.twitter.com/sGJDXxgDQr — Cointelegraph (@Cointelegraph) February 28, 2025 Solana bears fail to pin SOL under $130 Since Feb. 24, Solana has formed a series…