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The unfortunate events surrounding the Bybit hack have exposed vulnerabilities not only within cryptocurrency exchanges but also within the entire blockchain infrastructure. Recent revelations from Bybit CEO Ben Zhou indicate that nearly $400 million, a staggering 27.6% of the $1.4 billion in stolen Ethereum, is now considered untraceable. This figure has dramatically increased since March,
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As Bitcoin’s dominance recently reached a noteworthy high of 63.2%, the conversation surrounding the cryptocurrency market’s future intensifies. Despite being the flagship cryptocurrency, Bitcoin is now facing a crucial resistance that could impendively dictate the trajectory of the entire crypto ecosystem. Historically speaking, Bitcoin has touched these resistance levels before, only to fall back, igniting
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In the ever-volatile cryptocurrency market, it’s tempting for investors to cling to hope when charts signal “oversold” conditions. However, a recent perspective shared by cryptographic analyst Dr. Cat paints a less-than-reassuring picture. While some would argue that such oversold levels might signify a prime buying opportunity, this interpretation lacks nuance and grounding in the grim
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As Vietnam gears up to launch a pilot crypto trading platform with the backing of Bybit, one cannot help but reflect on the precariousness of the current crypto landscape. Unsanctioned and unregulated transactions represent a significant threat to investors looking to enter this volatile market. Finance Minister Ho Duc Phoc’s call for a robust legal
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