News
The Bybit hacker has laundered $1.04 billion in stolen funds in just 10 days, but security firms believe some assets may still be recoverable through blockchain tracing.
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Latest News on DeFi
Decentralized finance, also known as DeFi, is a sector within the overall cryptocurrency and blockchain industry focused on providing a decentralized version of mainstream financial opportunities. In the mainstream world, financial institutions offer customers access to opportunities such as cash storage and loans. However, these offerings are governed by centralized entities.
With the help of distributed ledger technology, or DLT, DeFi solutions offer a number of the same opportunities, but they are controlled by a large number of participants who abide by rules enforced by smart contracts. DeFi solutions also often give greater flexibility in terms of users’ ability to store and control their own assets. Additionally, decentralized exchanges, or DEXs, further decentralize digital asset trading, in contrast to trading on centralized digital asset platforms.
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THORChain generated over $5 million in revenue as Bybit’s $1.4 billion hacker used the protocol for moving funds, sparking controversy over its role in illicit crypto transfers.
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Bybit CEO Ben Zhou confirmed that $280 million in stolen funds has gone dark, with $1.07 billion remaining trackable as investigators race to freeze assets.
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Trump plans to include ADA in a US strategic Bitcoin reserve, and futures traders are bullish.
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United States Senator Dick Durbin proposed legislation aiming to reduce fraud through crypto ATMs.
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The crypto market surged after Trump’s reserve announcement, but analysts warned the rally may be temporary as regulatory hurdles remain.
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While the idea of a reserve had been floated before, this marked the first time specific altcoins were highlighted, analysts told Cointelegraph.
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The new token triggered tokenomics and cybersecurity concerns among industry watchers following the latest celebrity-endorsed memecoin scandals.
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Web3 fundraising has evolved beyond the ICO boom. Today, securing investment requires a solid project identity, strategic business model and market demand.
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The future of DeFi is at risk as outdated data infrastructure struggles to keep pace with high-performance blockchains. Without a fundamental overhaul, innovation and adoption will falter.
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The growing appetite for memecoins may be limiting Solana’s price performance, industry insiders told Cointelegraph.
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The Pectra upgrade aims to significantly reduce Ether selling pressure, potentially contributing to long-term price appreciation.
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Bitcoin’s growing active addresses may signal an incoming turning point for the crypto market after the latest correction.
18110 - Opinion
Vertical farming can solve the global food crisis, but traditional funding models fail. Web3 and DePINs offer a lifeline, enabling transparency, traceability and scalable growth for this critical industry.
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The last time investor sentiment dropped to similar levels was a month after Bitcoin fell to $17,500 in 2022.
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