Author: James Wilson

Bybit CEO Ben Zhou shares his thoughts on the massive Hyperliquid ETH whale liquidation which led to the platform losing $4 million. He highlights issues that come with leverage on CEXs and DEXs. In a recent post, Zhou explained how the whale was able to pull off an enormous liquidation with a long position of 175,000 ETH (ETH) (valued around $340 million) with 50x leverage without triggering a market crash. He said the whale was able to make a “quick and clean” exit while letting Hyperliquid take the fall. “Why not just try to hit the liquidation price by withdrawing…

An Argentine lawyer has requested an Interpol Red Notice against Hayden Davis, the co-creator of LIBRA. According to a March 12 report from local media outlet Página 12, attorney Gregorio Dalbon, known for having represented former Argentine president Cristina Fernández de Kirchner, filed the request with prosecutor Eduardo Taiano and Judge María Servini. For those unaware, an Interpol Red Notice is essentially a global alert requesting law enforcement agencies worldwide to locate and provisionally arrest someone. Similar notices have been asked for in high-profile crypto cases, including for Terraform Labs’ Do Kwon. In court documents, Dalbon reasoned that Davis played…

Veronum crypto prepares to enter the markets with its VRN utility token, with a total valuation reaching $211 million and real-world uses via the platform. According to the project’s whitepaper, users can acquire VRN through the Veronum exchange platform or through reward programs. Users can earn rewards for every purchase made on the Veronum platform through their global partners, which can be exchanged for VRN. On the official website, the token is already in its pre-sale phase and its initial coin offering sale will begin on March 14. The token’s initial price stands at $0.00043112 with a soft cap of…

North Korea’s Lazarus Group continues its crypto laundering operations, moving illicit funds while deploying new malware to target developers and steal digital assets. On Mar. 13, blockchain security firm CertiK detected a deposit of 400 Ethereum (ETH), worth around $750,000, to Tornado Cash. The transaction was traced back to Lazarus’s activity on the Bitcoin (BTC) network. The group has been linked to multiple high-profile hacks, including the $1.4 billion Bybit exploit in February.  https://twitter.com/certikalert/status/1900010122044412187?s=46&t=nznXkss3debX8JIhNzHmzw Following the hack, the group concealed the stolen funds using a variety of techniques. To exchange and transfer large amounts of cryptocurrency, they used decentralized exchanges…

While Ethereum’s current market conditions resemble past extreme lows, ETH is still the “most likely” place for institutional adoption, says Alliance DAO’s Qiao Wang. Ethereum’s (ETH) price is gradually approaching oversold territory, sparking concerns about its ability to reach its previous all-time high before the current bull cycle ends. Data from Crypto Waves shows that as of March 13, ETH entered the weak zone and is now on track to move into the oversold area already filled with such altcoins as TRON (TRX), Maker (MKR), Lido (LDO), and many others. eth is about at the same oversold level as it…

Ripple has received approval from the Dubai Financial Services Authority to provide regulated crypto payment services in the Dubai International Financial Centre. This makes Ripple (XRP) the first blockchain-powered payments company licensed by the DFSA. According to the press release published on Mar. 13, the license allows businesses in the UAE to use Ripple’s crypto payment solutions. Ripple says this will help improve cross-border transactions by making them faster and cheaper.  Ripple has been in the UAE since 2020, with its regional headquarters in the DIFC. Around 20% of its global customers are in the Middle East. With a global…

A bill tightening oversight on cryptocurrency ATMs to curb fraud has been signed into law in Nebraska. According to a March 12 press release from Nebraska Governor Jim Pillen, the new law, called the Controllable Electronic Record Fraud Prevention Act, introduces stricter licensing and reporting requirements for crypto ATM operators. It was introduced as a part of Legislative Bill 609, introduced by Senator Eliot Bostar on January 22. Companies running crypto ATMs must now be licensed under Nebraska’s Money Transmitters Act and get approval from the state’s Department of Banking and Finance before setting up machines. Further, the legislation also…

CEX.IO is a trusted and secure crypto trading platform that provides up to 50% returns on crypto staking. Here, we’ll be discussing CEX.IO staking, rewards, and how to start with staking on CEX.IO. Summary Staking is considered a way to get a passive income by holding the crypto assets in your account for a particular period.The platform allows you to take up to 50% returns through staking.CEX.IO allows staking for — Free TON, Zilliqa (ZIL), Ontology (ONT), Tezos (XTZ), Polkadot (DOT), NEO, Matic, Cosmos (ATOM), Cardano (ADA), MetaHash (MHC), and Tron (TRX).Rewards will be calculated every hour and will be sent to…

Key Takeaways Arrest: Lithuanian national Aleksej Besciokov who is the co-founder of the cryptocurrency exchange Garantex was arrested in Varkala, Kerala, India, by local police in coordination with the Central Bureau of Investigation (CBI). Charges: Besciokov faces charges in the United States for conspiracy to commit money laundering, violating the International Economic Emergency Powers Act and operating an unlicensed money-transmitting business. Garantex’s Activities: Under Besciokov’s administration since 2019, Garantex allegedly processed at least $96 billion in cryptocurrency transactions. It facilitated money laundering for transnational criminal organizations, including those involved in hacking, ransomware, terrorism, and drug trafficking. Img Src- US secret…

Coinbase is now working with 145 U.S. government agencies and 29 international ones amid a rapidly shifting cryptocurrency regulatory landscape. According to a Mar. 13 post on X by Coinbase CEO Brian Armstrong, the launch of the U.S. Strategic Bitcoin Reserve has increased institutional interest in crypto. Coinbase aims to help governments securely trade, store, and use digital assets, encouraging more agencies to move on-chain. Armstrong also invited government institutions to reach out for crypto-related services. https://twitter.com/brian_armstrong/status/1899950474788471200?s=46&t=nznXkss3debX8JIhNzHmzw Coinbase has emerged as a preferred partner for government agencies because of its robust security and compliance structure. The company holds 43 money…