Articles for tag: Bybit hack, Cryptocurrency, Cybersecurity, digital asset safety, KYC checks, multi-factor authentication, Security Measures

March 12, 2025

Protect Your Crypto Assets: Essential Strategies Against Hacks and Attacks on Cryptocurrency Platforms

In March 2025, the rising threat of cyberattacks on cryptocurrency platforms became evident, highlighted by a significant hack on Bybit. To safeguard against such breaches, it is crucial for crypto platforms to implement robust security measures. These include multi-factor authentication, secure wallets, Know Your Customer (KYC) checks, and effective incident response plans. By taking these ...

March 3, 2025

Market News

Crypto

Bitcoin Leads Crypto ETPs with $2.9B Outflows, CoinShares Reports Significant Market Shift

Last week, cryptocurrency exchange-traded products (ETPs) faced their largest sell-off ever, with a staggering $2.9 billion exiting the Market. Over three weeks, a total of $3.8 billion has been lost, largely due to factors like the $1.5 billion Bybit hack and stern comments from the U.S. Federal Reserve. Bitcoin, being the most affected, saw $2.6 ...

February 28, 2025

Market News

Crypto

Bitcoin Drops to 3-Month Low as Trump Election Results Reverse Recent Gains

Bitcoin’s recent downturn has worsened, hitting a three-month low of about $80,500, down nearly 25% from its mid-December peak. This decline follows a week of losses, fueled by investor caution amid volatility in global markets and uncertainty about the new U.S. administration’s trade policies. The situation was exacerbated by a significant $1.5 billion hack of ...

February 26, 2025

Market News

Crypto

Bitcoin Price Crash Explained: Hacks, Federal Reserve Fears, and Trump’s Unfulfilled Promises Impacting the Market

The Independent focuses on delivering important news stories, from reproductive rights to climate change. They emphasize the need for reliable journalism, especially during critical times like now. Supported by donations, The Independent aims to keep journalists on the ground, ensuring they report from various perspectives without paywalls limiting access to quality news. Recently, the Bitcoin ...

February 26, 2025

Market News

Crypto

Bitcoin Price Crash Explained: Hacks, Federal Reserve Concerns, and Broken Promises from Trump Impacting Market Confidence

Bitcoin’s recent price plunge has caused it to drop to its lowest level since November, falling below $89,000. This decline has contributed to a broader downturn that has erased nearly half a trillion dollars from the crypto Market. The drop follows a peak of over $108,000 coinciding with Donald Trump’s inauguration, when he was seen ...

February 25, 2025

Market News

Crypto

Bitcoin Slides Below $90,000: Understanding the Crypto Selloff and Market Trends

Bitcoin has plummeted below $90,000, marking its lowest point since mid-November, following a significant rally after Donald Trump’s election. The cryptocurrency’s decline, reaching around $88,997, is attributed to Trump’s trade tariffs and broader economic uncertainties. Alongside Bitcoin, other cryptocurrencies like Ether and Solana have also seen sharp losses. The downturn follows a series of setbacks ...

February 25, 2025

Market News

Crypto

Bitcoin Price Forecast: Market in Sea of Red as Projections Show Potential Dive to $80K Amidst Ongoing Volatility

The cryptocurrency Market is experiencing significant declines, with Bitcoin dropping to a three-month low of below $88,000. Factors contributing to this downturn include negative sentiment in traditional financial markets, a rise in memecoins like TRUMP and LIBRA, and ongoing concerns about the U.S. economy. Additionally, the absence of promised actions from former President Trump, such ...

February 25, 2025

Market News

Crypto

Analysts Warn of Bitcoin Crash Amid Ongoing Negative Growth Trends and Market Uncertainty

Bitcoin’s price has recently faced significant fluctuations, dropping from a peak of $99,574 to around $88,600 amid growing macroeconomic uncertainties. Key events, including a security breach at crypto exchange Bybit and a decline in S&P 500 options, have intensified Market volatility. Bitcoin exchange-traded funds (ETFs) are seeing decreased institutional interest, with daily acquisitions falling sharply. ...

February 25, 2025

Market News

Crypto

Experts Predict Six-Month Bitcoin Slump, Targeting $73,000 — What Traders Need to Know Now

Bitcoin’s price has dropped over 8.8% since last week, following the historic Bybit hack. It peaked at $99,493, but now sits around $91,500, struggling to maintain its critical trading range. Experts predict further volatility, with some forecasting a potential dip to between $73,000 and $77,000. Ari Paul of BlockTower Capital anticipates that Bitcoin may behave ...

February 22, 2025

Market News

Crypto

Bitcoin Price Compression: Insights from Historical Trends and What It Means for Today’s Market

Bitcoin has been experiencing a tough time, trapped in a tight price range between $94,000 and $100,000. Investors are anxious as the cryptocurrency struggles to break out decisively. A recent hack on the Bybit exchange, resulting in the theft of $1.4 billion in Ethereum, has added to the Market‘s uncertainty and volatility. Despite the challenges, ...