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Bybit Announces Stolen Funds Recovery Initiative Following $1.4B Hack

Coins Legend February 22, 2025 0

Bybit has launched a recovery bounty program offering rewards for retrieving stolen cryptocurrency funds. Crypto Exchange Bybit Initiates Recovery Bounty The Dubai-based cryptocurrency exchange, Bybit, has initiated a recovery bounty program following a security breach that compromised ETH

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Bitcoin Price Analysis: Bulls Fight for Control as Bears Threaten a Massive Sell-Off

Coins Legend February 22, 2025 0

Bitcoin is trading at $96,688 with a market capitalization of $1.91 trillion and a 24-hour trading volume of $44.88 billion, moving within an intraday range of $94,805 to $99,262 as technical indicators suggest consolidation with a bearish bias. Bitcoin The daily chart reflects a continued downtrend, with bitcoin forming lower highs and lows after peaking […]

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XRP Price Analysis: Crypto Traders Brace for a Wild Ride as XRP Approaches Critical Levels

Coins Legend February 22, 2025 0

XRP presently hovers at $2.58 per token, boasting a $149 billion market valuation and $4.66 billion in daily trading activity. Over the past 24 hours, its value has oscillated between $2.52 and $2.69, lingering 24.1% beneath its historic peak as market participants navigate a phase of technical ambivalence and sideways momentum. XRP XRP’s hourly chart […]

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Survey: 62% of FTX Creditors Flock to Solana Amid Reimbursement

Coins Legend February 22, 2025 0

A survey of FTX creditors reveals a strong inclination to reinvest their repayments in cryptocurrencies, with solana (SOL) being the most popular choice. FTX Creditors’ Love Affair With Solana A new survey found that 79% of FTX creditors plan to reinvest their repayments into cryptocurrencies, with 29% of the reimbursed funds allocated for this purpose. […]

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Safemoon’s Former CTO Pleads Guilty to Fraud

Coins Legend February 22, 2025 0

The guilty plea is the latest development in one of crypto’s most scandalous fraud schemes that left an $8 billion project bankrupt. Former Executive of Defunct Crypto Firm Safemoon Enters Guilty Plea Thomas “Papa” Smith used to be the chief technology officer at Safemoon, an $8 billion decentralized finance (DeFi) project that went bankrupt in […]

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Bitcoin and Ether ETFs Debut on ASX as Betashares Partners With Bitwise

Coins Legend February 22, 2025 0

The launch of bitcoin and ether ETFs on the Australian Securities Exchange (ASX) by Betashares provides Australian investors with a regulated and accessible way to gain exposure to digital assets. Betashares Expands Crypto Offerings With Bitcoin and Ethereum ETFs in Australia Betashares has officially launched its bitcoin and ether ETFs on the Australian Securities

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Strike Launches Callback Phone Support

Coins Legend February 22, 2025 0

Bitcoin payments firm Strike now offers callback phone support to its verified U.S. customers. “We know that sometimes a phone conversation is the most effective way to get the help you need,” the company said when it officially announced the service on Thursday, also calling it “the best support experience in bitcoin.” Phone support is […]

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Bybit Payroll Heist: Nearly 10 Years in Prison for $5.7M Crypto Theft

Coins Legend February 22, 2025 0

A Bybit payroll fraud scheme funneled $5.7 million into a worker’s personal wallets, funding luxury splurges before authorities uncovered the deception and issued a prison sentence. Bybit Crypto Payroll Fraud Leads to Prison Sentence A former payroll employee has been sentenced to nine years and 11 months in jail for orchestrating a $5.7 million fraud […]

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ECB Expands Digital Asset Settlement—A Major Shift in European Finance

Coins Legend February 22, 2025 0

The European Central Bank is advancing its digital asset settlement strategy, aiming to streamline transactions, enhance security, and strengthen financial stability across European markets. Digital Asset Settlement Transformed as ECB Embraces DLT Solutions The European Central Bank (ECB) announced on Feb. 20 an expansion of its initiative to facilitate the settlement of

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Russia’s Supreme Court Moves to Classify Crypto as Property

Coins Legend February 22, 2025 0

Russia’s Supreme Court is pushing to classify cryptocurrency as property in penal cases, aiming to strengthen law enforcement’s ability to track, freeze, and confiscate illicit digital assets. Russia’s Supreme Court Advances Crypto Legalization Efforts Russia’s Supreme Court has taken an increasingly active role in defining the legal status of cryptocurrency, with its