Bitcoin ETFs in the US have seen more than $2.4 billion in net outflows over February as Bitcoin struggles to maintain a price rally. US spot Bitcoin exchange-traded funds (ETFs) have seen their largest-ever daily net outflows as Bitcoin continues to trade below $90,000. The 11 Bitcoin funds on Feb. 25 together saw a net outflow…
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10x Research’s Markus Thielen says the demand for Bitcoin as a long-term asset could be “significantly smaller than the media portrays.” Spot Bitcoin exchange-traded fund investors have primarily been using the vehicle for arbitrage strategies, with just 44% of inflows tied to long-term investments, according to a crypto research firm. Spot Bitcoin ETFs in the…
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Bitcoin’s rangebound trading style is raising eyebrows among both traders and analysts despite the Bybit hack. Bitcoin eyed $95,000 into the Feb. 23 weekly close as signs pointed to a major BTC buy-in by business intelligence firm Strategy. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Strategy CEO Saylor hints at BTC exposure increase Data from Markets Pro and TradingView showed a…
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The statement came shortly after Lookonchain reported Bybit had bought $742 million worth of Ether between Feb. 22 and 23. Bybit CEO Ben Zhou says his cryptocurrency exchange has fully replaced the $1.4 billion worth of Ether that was hacked on Feb. 21. A new audited proof-of-reserve report will be published very soon to show…
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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, Bybit announced bounty program to recover stolen funds, Bybit fell victim to the biggest hack in crypto history, with North Korean hackers stealing over…
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Bybit exchange hacked, over $1.4 billion in ETH-related tokens drained Cryptocurrency exchange Bybit has been hacked for over $1.4 billion in liquid-staked Ether, Mantle Staked ETH and other ERC-20 tokens, according to pseudonymous onchain security analyst ZachXBT, who spotted the incident shortly after it occurred. Following the exploit, the onchain sleuth warned users to blacklist addresses associated with the…
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Following the Lazarus hack, an online debate erupted about potentially rolling back the Ethereum blockchain to invalidate the stolen funds. Bybit CEO Ben Zhou said that the exchange will try all available means to get the stolen funds back — including a bounty program for anyone aiding in the return of the funds, working with…
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HK Asia purchased just one Bitcoin and saw its share price spike nearly 93% as a result. In May 2013, investor Davinci Jeremie urged people to “just buy $1 worth of Bitcoin” for potentially life-changing returns. At the time, BTC was valued around $100. Investors who were smart enough to heed his advice at any point over…
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When it comes to crypto, value is determined by price, utility and users. Based on these metrics, is Solana or Ethereum winning the battle to be the best blockchain? The Solana-Ethereum blockchain duel has never been more exciting to watch. While the ambitious newcomer showcases its high speed, user-friendliness, and low fees, the revered incumbent…
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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, Bybit has fallen victim to the largest hack in crypto history, with North Korean hackers stealing over $1.4 billion in assets. Meanwhile, the US…
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