A naukri.com initiative
Ethereum News
Bitcoinist
4h
190
Image Credit: Bitcoinist
Bybit Turns To Bitget And Binance For $239 Million ETH Loan Amid Withdrawal Spike
- Bybit, a popular crypto exchange, is reeling from a $1.5 billion hack in digital assets.
- Bybit receives 88,000 ETH (~$239 million) from Binance and Bitget to cover withdrawal requests.
- Authorities link the hack to the North Korean hacking group, Lazarus Group.
- Bybit's CEO assures users that the exchange remains solvent and customers' funds are backed 1:1.
Read Full Article
11 Likes
Securityaffairs
6h
289
Image Credit: Securityaffairs
Lazarus APT stole $1.5B from Bybit, it is the largest cryptocurrency heist ever
- Crypto exchange Bybit was the victim of a sophisticated attack, and threat actors stole $1.5B worth of cryptocurrency from one of the company’s offline wallets.
- Bybit’s ETH cold wallet was compromised in the attack that masked the signing interface, allowing threat actors to redirect funds to an unknown address.
- The Bybit hack is the largest cryptocurrency heist ever, surpassing previous ones like Ronin Network ($625M), Poly Network ($611M), and BNB Bridge ($566M).
- The cyber heist is attributed to the Lazarus APT group, known for their advanced methods and previous attacks on banks and cryptocurrency exchanges.
Read Full Article
17 Likes
Newsbtc
8h
282
Image Credit: Newsbtc
Ethereum Price Could Still Reclaim $4,000 Based On This Bullish Divergence
- The Ethereum price dropped after almost $1.5 billion worth of ETH tokens were drained from the ByBit exchange.
- Recent on-chain data suggests that Ethereum's price could still reach $4,000 in this cycle.
- The taker buy/sell ratio of Ethereum has shown a bullish divergence, indicating a potential upward trend.
- If history repeats, Ethereum could rally over 60% from its current price towards the $4,000 mark.
Read Full Article
16 Likes
Cryptopotato
8h
10
Image Credit: Cryptopotato
Binance Pay Transactions Hit $72.4 Billion as Crypto Adoption Accelerates
- The number of Binance Pay users tripled from the previous year, reaching 41.7 million.
- The total transaction volume processed through Binance Pay in 2024 stood at $72.4 billion, a significant increase from $2.5 billion in 2021.
- Stablecoins, particularly Tether (USDT), dominated Binance Pay transactions, accounting for 80% of the total payment volume.
- Binance Pay's expansion aligns with the increasing role of crypto in everyday transactions and the overall growth of the crypto market.
Read Full Article
Like
Bitcoinsensus
8h
272
Image Credit: Bitcoinsensus
Ethereum Reclaims $2,700 Margin After SEC News, XRP Sees Modest Growth
- The SEC dropped its 3-year-long lawsuit against Coinbase, boosting the cryptocurrency market.
- Ethereum reclaimed the $2,700 margin and shows potential for retesting $3,000.
- XRP experienced modest growth with investors cautiously optimistic about Ripple's SEC lawsuit.
- Coinbase's legal win is viewed as a positive sign for Ripple's upcoming legal battle with the SEC.
Read Full Article
16 Likes
Zycrypto
10h
182
Image Credit: Zycrypto
Expert Trader Says Ethereum Will Slip To $2,300 Before A $4K Uptick
- Crypto trader Ali Martinez predicts a possible decline to $2,300 for Ethereum, followed by a rebound towards $4,000.
- Institutional inflow and Ethereum's DeFi volumes could contribute to the altcoin's potential surge to $4,000.
- Altcoins like XRP, Solana, and Cardano are showing positive momentum and gains in the past 24 hours.
- While a recovery in Bitcoin's price may benefit other assets, meme coins are attempting a slight recovery.
Read Full Article
10 Likes
Cryptopotato
11h
0
Image Credit: Cryptopotato
2024 Crypto Report: Bitcoin Stable, Ethereum Declines, Niche Tokens Rally
- The median cryptocurrency investor saw their portfolio grow by $5,482 in 2024.
- SUPER and HYPE tokens delivered the highest unrealized gains, indicating growing interest in niche blockchain projects.
- Bitcoin broke price records and remained the most trusted store of value.
- Coinbase and Crypto.com became the most popular exchanges, surpassing Binance due to regulatory challenges.
Read Full Article
Like
TronWeekly
13h
10
Image Credit: TronWeekly
Lazarus Group Strikes: Bybit Hit with Record $1.46B Hack
- Lazarus Group identified as the hacker in the Bybit exchange breach.
- Industry giants, including OKX and KuCoin, offer support to Bybit.
- Bybit continues operations smoothly, no contagion like FTX collapse.
- Hack exposes vulnerabilities in cryptocurrency space, emphasizes the need for stronger security measures.
Read Full Article
Like
Cryptoticker
14h
51
Image Credit: Cryptoticker
Ethereum Price Prediction: Will ETH Recover After the Bybit Hack?
- Despite the Bybit hack, the platform remains stable and is taking measures to recover.
- Ethereum price has already risen by over 6% indicating a potential quick recovery.
- Two scenarios for Ethereum: Bullish - reaching $3,000, and Bearish - dropping to $2,500.
- Market sentiment and developments will determine Ethereum's recovery and price movement.
Read Full Article
3 Likes
Insider
18h
306
Image Credit: Insider
What we know about the $1.5 billion Bybit crypto hack
- Dubai-based cryptocurrency exchange Bybit suffered a $1.5 billion theft, potentially the largest in cryptocurrency history.
- Hackers stole around 401,000 Ethereum during a routine transfer from a cold wallet to a warm wallet.
- The hack involved a sophisticated attack that manipulated the signing interface and altered the underlying smart contract logic.
- Bybit claims to be solvent and capable of covering the loss, with over $20 billion in assets under management.
Read Full Article
18 Likes
Cryptopotato
18h
110
Image Credit: Cryptopotato
Bybit Hack Fallout: Arthur Hayes, Samson Mow Push for Ethereum Rollback
- Bybit's hot wallet was hacked, resulting in the theft of $1.5 billion worth of mostly ETH.
- Arthur Hayes and Samson Mow propose a rollback of Ethereum's chain in response to the hack.
- Hayes believes previous rollbacks have set a precedent for it to happen again.
- Others caution that rolling back the blockchain could have far-reaching implications and undermine its immutability.
Read Full Article
6 Likes
Bitcoinist
7h
147
Image Credit: Bitcoinist
Ethereum Taker Buy Sell Ratio Shows Bullish Divergence – Time For A New Trend?
- Ethereum is struggling to reclaim the $2,700 mark and faces selling pressure.
- A recent hack on Bybit caused panic selling, driving down Ethereum's price.
- CryptoQuant data shows a bullish divergence in Ethereum taker buying, indicating potential recovery.
- The next few days will be crucial in determining if Ethereum can reclaim key levels or face further downside.
Read Full Article
8 Likes
TronWeekly
13h
177
Image Credit: TronWeekly
Ethereum’s Dilemma: Rollback $1.4B From Bybit Hack or Face Global Sanctions?
- BitMEX co-founder, Arthur Hayes, urges Ethereum to rollback after Bybit's $1.4B hack.
- Rolling back the Ethereum network could trigger regulatory scrutiny and OFAC sanctions.
- Samson Mow proposes creating 'ETHNK' to prevent stolen funds from North Korea.
- Ethereum faces a dilemma in balancing decentralization and real-world threats.
Read Full Article
10 Likes
Crypto-News-Flash
16h
257
Image Credit: Crypto-News-Flash
Ethereum vs. ‘Moral Reversal’: Vitalik Buterin’s Take on Crypto Ethics
- Vitalik Buterin raised concerns about the ethical direction of the cryptocurrency industry during an AMA session.
- He highlighted the criticism faced by Ethereum for not fully embracing blockchain-based gambling.
- The Ethereum Foundation deployed $120M into DeFi platforms in response to criticism over its financial strategies.
- Buterin hinted at potential changes in the Ethereum Foundation's approach, advocating for a more selective stance in supporting projects.
Read Full Article
15 Likes
NullTX
16h
161
Image Credit: NullTX
Ethereum Whale Activity Signals Potential Bullish Reversal Amid Market Trends
- Ethereum whales have been actively accumulating ETH, adding 140,000 ETH to their accounts recently, indicating potential bullish sentiment.
- Despite price fluctuations, a bullish divergence has been observed in Ethereum's price action, suggesting a strong reversal may be on the horizon.
- Whales, as informed investors, are moving confidently towards ETH, signaling a likely positive price development in the future.
- Increased buying activity from market takers reflects a strong demand for Ethereum, further supporting a bullish outlook.
- Outflows from Ethereum ETFs, while significant, may not necessarily indicate a negative trend, as they could be temporary market corrections or signals of shifting investor sentiment.
- The combination of whale accumulation, bullish divergences, and institutional activity suggests a potential breakout for Ethereum in the near future.
- Grayscale Ethereum Trust's capital outflow and market cap statistics further contribute to the optimistic outlook for Ethereum's price movement.
- The current market conditions point towards a sentiment shift favoring positive developments for Ethereum, likely stimulating new buying interest across the market.
- While recent events may raise doubts, the overall analysis indicates Ethereum is poised for a significant reversal and potential breakout soon.
- Investors are advised to conduct thorough research before making any cryptocurrency investments, as the market situation continues to evolve.
Read Full Article
9 Likes
For uninterrupted reading, download the app