Browsing: cryptocurrency

A deal with US regulators buoyed the crypto market briefly, only to be overshadowed by a massive hack of the Bybit exchange, leading to investor losses and renewed concerns about the industry’s security.

Franklin Templeton’s move to launch a Solana ETF highlights the increasing interest among asset managers in cryptocurrencies beyond Bitcoin, mirroring investors’ enthusiasm amid easing regulatory conditions and a crypto-friendly environment.

Bybit, a major cryptocurrency exchange, suffered a significant security breach, resulting in the theft of almost $1.5 billion worth of tokens. This marks one of the largest heists in the crypto industry.

The SEC has revamped its anti-fraud unit, shifting focus to emerging technologies like crypto and cybersecurity to safeguard retail investors and streamline oversight.

Coinbase CEO Brian Armstrong says the SEC will likely drop its lawsuit against the firm, calling the potential outcome ‘hugely vindicating’.