The Bybit Hack has shaken the market today, with over $1.46 billion in ETH stolen, marking one of the largest security breaches in history. As the stolen assets are being liquidated, Ethereum’s price dropped by 5% in a straight line, impacting key technical indicators. Speculation is growing about Bybit’s next moves, with some suggesting a … Read more
Prior to the 16th Amendment, which was ratified in 1913, the United States did not have a permanent income tax levied on citizens.
The Bybit hack is more than twice as large as the second-largest crypto exploit, which belongs to Ronin Network.
XRP has posted gains amid renewed ETF optimism. A call for public comments on XRP ETF applications has fueled the rally, with key resistance identified between $2.90 and $3.10. A breakout above $3.10 could propel XRP to multi-year highs around $3.4, while positive developments overseas add to the bullish outlook. XRP has been gaining attention … Read more
After the Bybit exchange was hacked for over $1.4 billion, the crypto community on X reacted with support and security advice for users.
Bitcoin’s price fell 3.07% to $95,086 on Feb. 21, 2025, as markets reacted to a $1.4 billion hack at Bybit and technical indicators signaled bearish pressure. Bearish Signals Dominate Bitcoin Charts Amid Security Breach Fallout Bitcoin traded within a 24-hour range of $95,086 to $99,504, reflecting heightened volatility following the breach of Bybit’s Ethereum cold … Read more
Today, Bybit experienced a massive hack from Lazarus Group that wiped out 400,000 ETH worth around $1.5 billion from its cold wallets today and shortly after said it was gonna get some loans to settle users. An hour after that, Binance and Bitget stepped in, sending over 50,000 ETH straight into Bybit’s wallets, effectively acting as … Read more
Follow Frank on X. In a report released this Wednesday, Fidelity Digital Assets in collaboration with Lightning payment provider Voltage released a report on the state of the Lightning Network. The report details the many ways in which the Lightning Network has grown since its launch in 2018. It also illustrates how more businesses have … Read more
The recent announcement that the SEC is dropping its lawsuit against Coinbase marks a pivotal moment in the evolving landscape of cryptocurrency regulation. The move is seen not only as a victory for Coinbase but also as a significant step towards establishing clearer regulatory frameworks for the entire industry. As noted by a COINOTAG source, … Read more
Following the Bybit hack, the team organized a livestream to deliberate on the recent billion-dollar hack that transpired on the exchange. Bybit’s founder Ben Zhao clarified that the platform was undergoing “massive withdrawals” but emphasized, “It’s not an issue—We have enough tokens to give to clients.” Moreover, in a calculated maneuver, a bridge loan secured … Read more