Author: NBTC
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is leveraging advanced artificial intelligence (AI) technology to protect users, as revealed to Finbold on Friday, September 20. Bybit’s security strategy relies on a multi-layered approach, protecting both hot and cold wallets, with enhanced verification protocols scrutinizing large or high-risk transactions. The rising threats in the crypto cybersecurity As cryptocurrency adoption continues to grow, so does the number of cybersecurity threats. Bybit seeks to combat these threats with sophisticated AI-driven tools. The exchange processed 32 million withdrawals in the first half of 2024 while preventing the loss of over $79 million…
Bitcoin, which has shown weakness despite the moderate approach of FED President Jeremo Powell, is at the level of $ 64,000. While investors postponed their hopes for a rise to August and subsequent months after a busy July, an analyst claimed that the Bitcoin volatility indicator pointed to a price increase in the near future. On-chain analyst Matthew Hyland said in his analysis that Bitcoin volatility indicator Bollinger Bands have reached their tightest point in twelve months. Stating in a recent video that Bitcoin’s weekly Bollinger Bands are at the third narrowest level in history, Hyland pointed out that this…
Venture Capitalist Nic Carter updates his findings on Operation Choke Point 2.0 after Silvergate executive’s testimony that sheds light on how US financial regulators tried to crackdown on banks involved in the crypto industry, known as Operation Choke Point 2.0. In his thread, Carter makes corrections to his widely cited original report from 2023, that it was not the Federal Deposit Insurance Corporation who was responsible for sending out the message that banks had to cut their crypto deposits by 15%. Instead, in fact, it was the San Francisco Fed that gave out this order for banks in the region,…
Billy Markus, the creator of Dogecoin (DOGE), recently received an unexpected gesture from a meme cryptocurrency enthusiast. Markus, known online as Shibetoshi Nakamoto, had shared a video of a mature woman gambling in a casino, accompanied by a sarcastic question about millennials inheriting wealth from their parents. This post prompted various reactions, but one stood out notably. An anonymous supporter sent Markus 420,690 NEIRO, valued at $5,551. The sender’s message explained that the gift was meant for Markus and his children as a nod to his role in the creation and legacy of Dogecoin, suggesting it was appropriate for him…
The Financial Intelligence Unit (FIU) of South Korea’s Financial Services Commission (FSC) is currently assessing Bithumb’s proposal to change its real-name account partner bank. Even so, Bithumb has submitted draft data for renewing its Virtual Asset Service Provider (VASP) license, which includes the potential switch from NH Nonghyup Bank to KB Kookmin Bank. An FIU official stated that the review of Bithumb’s request is still in progress, and no final decision has been reached. The crypto exchange is actively engaging in discussions with financial authorities, but no conclusions have been drawn yet. A Bithumb representative echoed this, confirming that discussions…
Today, enjoy the Empire newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Empire newsletter. A pump to restore order Bitcoin is a highly calibrated system that mostly regulates itself. For miners especially, that means the playing field constantly changes. Usually, it gets more difficult. It’s not just the halving every four years that moves the needle. A wave of mining rigs could join or rejoin the network at any given moment, shrinking the odds that existing miners may find the next block. If too many rigs join at once and start finding too…
On Sept. 19, Hut 8 announced a major hosting agreement with Bitmain, aiming to generate $125 million annually. H.C. Wainwright analysts view this move positively as management shifts to offense and carries out a major deal. Under the deal, Hut 8 will deploy up to 15 exahashes per second of Bitmain’s U3S21EXPH ASIC miners by Q2 2025 at its new Texas-based site, according to an H.C. Wainwright release shared with crypto.news. Mike Colonnese, H.C. Wainwright’s crypto analyst, anticipate this option could lift Hut 8’s self-mining hash rate from 4.7 EH/s to 19.7 EH/s, solidifying the company’s market position. Colonnese highlighted…
Unusual trading volumes were observed for some altcoins on South Korea’s largest cryptocurrency exchange Upbit. Tezos (XTZ) was one of the notable assets, with its one-hour trading volume increasing by 262.51% to $26,000, well above its normal average of $7,000. Interestingly, Tezos’ volume on Binance decreased slightly by 6.45%, reflecting the contrast in trader behavior between the two exchanges. Another significant increase was seen in STP (STPT), with its volume increasing by 162.25% on Upbit from $249,000 to $654,000. Meanwhile, Binance noted a significant 24.42% decrease in STP’s trading activity. Hedera (HBAR) also saw notable activity on Upbit, with a…
A crypto exchange’s emergence out of stealth earlier this week came nearly two years after one of the industry’s largest players crashed. Called TrueX, the new company — dubbed as non-custodial and stablecoin-native — seeks to be a “strong alternative” to the segment’s traditional exchange incumbents. “The collapse of FTX highlighted the need for a safer and more trustworthy market model,” TrueX co-founder Vishal Gupta told Blockworks. “This presented an opportunity to build a next-generation exchange from the ground up, one that fully separates trading from custody and integrates stablecoins for settlement.” Gupta, the former head of exchange at Coinbase,…
Metaplanet’s Bitcoin-based strategy led to a 443.2% surge in its stock price, significantly outperforming traditional assets in 2024. The company’s partnership with SBI for Bitcoin trading and custody reinforces its commitment to digital asset adoption and regulatory compliance. Metaplanet, a listed Japanese company, has seen its stock price skyrocket following the implementation of a Bitcoin-based strategy in April 2024. This strategic approach has resulted in a stunning 443.2% increase in the company’s stock value, outperforming other traditional assets in the market. ビットコインスタンダードの採用を発表した日以降のメタプラネットの株価パフォーマンスMetaplanet stock performance since adoption of Bitcoin standard @Metaplanet_JP pic.twitter.com/YTAAuFZWJU — Simon Gerovich (@gerovich) September 19, 2024 Metaplanet’s Bitcoin…