The country’s authorities opened bullion services in two state-owned institutions and declared that more licenses could follow. Prabowo Subianto, president of Indonesia, stated that this bullion initiative could “help save the countryโs foreign exchange.” Indonesia Launches Bullion Banking, Aims to Include Gold Savers Into the Country’s Formal System Indonesia is launching formal bullion-based banking, joining […] Source
Bybit is back in India! After overcoming regulatory hurdles and a security breach, the crypto exchange fully restores services, resuming new user onboarding and trading access. Bybit Reinstates Services in India After Regulatory Compliance Cryptocurrency exchange Bybit has officially registered with Indian authorities, allowing the platform to fully restore its services in the country. The […] Source
Bybitโs chief executive says the firm has now fully closed the Ethereum gap after hackers stole nearly $1.5 billion worth of ETH and Lido Staked Ether (stETH) from the crypto exchange last week. Bybit CEO Ben Zhou says the exchange has restored a 1:1 backing on all client assets after the record-setting hack. Zhouโs claims are echoed in a proof-of-reserves audit report published by the blockchain security auditor Hacken on Sunday. โThe Hacken teamโs Proof of Reserves audit, conducted on Sunday, February 23, 2025, demonstrates that Bybit maintains an in-scope…
The chief executive of the crypto exchange Bybit is assuring customers that the firm can meet all withdrawal requests following a massive cybersecurity incident. On Friday, Bybit witnessed a major security breach that allowed thieves to siphon $1.4 billion worth of Ethereum (ETH) and stETH from the exchangeโs cold wallet. Coinbase executive Conor Grogan calls the attack the biggest theft in recorded history. โThe NK (North Korea) hack of Bybit is the largest heist of all time, of any medium (Central Bank of Iraq heist was ~$1 billion). Itโs ~10x…
A decentralized oracle provider and two artificial intelligence (AI)-focused altcoins surged just hours after going live on top US-based crypto exchange platform Coinbase. The data reveals that Chainlink (LINK) rival Pyth Network (PYTH) and AI-based projects Kaito (KAITO) and Bittensor (TAO) all saw significant increases in price after gaining support from Coinbase. KAITO โ an โInfoAIโ protocol that aims to solve the problem of fragmentation within the digital assets industry โ was recently listed by both Coinbase and the top global crypto exchange by volume Binance en route to nearly…
The U.S. Securities and Exchange Commission (SEC) is dropping a lawsuit against the top US-based crypto exchange, according to a new Coinbase blog post. Coinbase says the SEC has agreed โin principleโ to dismiss its case with Commissioner approval. According to Coinbase, the suit being dropped should be viewed as a โmajor win for the rule of lawโ. Coinbase says that it has always complied with the SEC since going public in 2021. However, according to the top US-based crypto exchange by trading volume, political changes at the top of…
The Singapore-based crypto exchange Bybit says itโs suffered a major security breach involving its Ethereum (ETH) cold wallet. According to the crypto analysis firm Arkham, about $1.4 billion in ETH and stETH has been taken. CEO Ben Zhou says the breach happened when an ETH transfer to a warm wallet was manipulated through a sophisticated attack. โBybit ETH multisig cold wallet just made a transfer to our warm wallet about 1 hr ago. It appears that this specific transaction was musked, all the signers saw the musked UI which showed…
BitMart’s Strategy & Growth | FMTalks with Ksenia Drobyshevskaya BitMart’s Strategy & Growth | FMTalks with Ksenia Drobyshevskaya BitMart’s Strategy & Growth | FMTalks with Ksenia Drobyshevskaya BitMart’s Strategy & Growth | FMTalks with Ksenia Drobyshevskaya ๐๏ธ BitMart’s Strategy & Growth: Key Takeaways from the Podcast In this insightful conversation, Ksenia, Growth Lead at BitMart, shares her perspective on BitMartโs strategy, the latest crypto trends, and the exchangeโs expansion efforts. Here are the key takeaways: โ BitMartโs Competitive Edge โ With 1,400+ trading pairs and a strong global presence, BitMart…
Total centralized exchange volume reached $18.83 trillion, the second-highest in five years, though still below 2021’s record of $25.21 trillion. 2021 Marked by Key Events In 2024, Binance remained the largest centralized cryptocurrency exchange, despite its share of total trading volume among the top 15 exchanges falling by approximately eight percentage points, from 47% to […] Source
Hong Kong continues its push to establish itself as a leading digital asset hub, with the Securities and Futures Commission granting Bullish, a Peter Thiel-backed crypto exchange, regulatory approval to operate in the city. This brings the total number of licensed virtual asset trading platforms in Hong Kong to ten. The Securities and Futures Commission reaffirmed its commitment to a โvibrant and promisingโ digital asset future, outlining a roadmap that emphasizes regulatory clarity, institutional participation, and enhanced investor protections. These developments were further highlighted during Consensus Hong Kong 2025, where…