Day: February 27, 2025

Bitcoin Price Drops Again—Is $80K the Last Defense for Bulls?

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Este artículo también está disponible en español. Bitcoin price started a fresh decline below the $88,000 support. BTC must stay above the $80,000 zone to avoid more losses in the near term. Bitcoin started a fresh decline from the $92,500 zone. The price is trading below $88,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $86,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another decline if it fails to stay above…

FBI identifies North Korea as responsible for $1.5 billion Bybit crypto heist, labels activity “TraderTraitor”

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Key Takeaways The FBI has identified North Korea as responsible for the $1.5 billion Bybit crypto heist. TraderTraitor actors are dispersing the stolen digital assets across thousands of blockchain addresses. Share this article The Federal Bureau of Investigation (FBI) announced Wednesday they have found North Korea as the entity they believe was responsible for the $1.5 billion Bybit crypto theft. The agency has labeled this cyber activity “TraderTraitor.” The attack, which occurred on Feb. 21, has gone down as the largest publicly disclosed crypto hack on record. Lazarus Group, North…

Stablecoins, Not Bitcoin, In Focus At First U.S. Digital Assets Subcommittee Hearing

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Today, the Senate Banking Subcommittee on Digital Assets hosted its first hearing, entitled “Exploring Bipartisan Legislative Frameworks for Digital Assets,” at which certain members of the subcommittee and crypto industry witnesses predominantly discussed stablecoin regulation. Senator Cynthia Lummis (R-WY), a long-time proponent of the Bitcoin and digital asset industry, presided over the hearing with assistance from ranking member of the subcommittee, Senator Ruben Gallego (D-AZ). The witnesses included Tim Massad, former CFTC Chair and Research Fellow at the Kennedy School of Government at Harvard University; Jai Massari, Chief Legal Officer…