Author: James Wilson

Article written by James Wilson

The crypto community is divided as experts debate an Ethereum rollback after Bybit’s $1.4B hack

February 25, 2025 1 min read

The crypto community is divided over the idea of rolling back Ethereum’s blockchain after Bybit’s $1.4 billion hack. Some experts, like Arthur Hayes and Samson Mow, support the rollback. They argue that Ethereum set a precedent in 2016 by rolling back the DAO hack. They believe a similar action should be taken now to prevent the stolen funds from being misused. A blockchain rollback would reverse confirmed transactions and restore

Kanye West denies ties to YZY tokens and plans to launch his own crypto next week

February 24, 2025 1 min read

Kanye West, now called Ye, has denied any links to YZY tokens in the market. He claims he will launch his own cryptocurrency next week. This announcement is surprising since he previously dismissed digital assets. His statement has led to speculation about his true involvement in crypto. On February 22, Ye posted on X, stating that all current tokens using his name are unauthorized. He declared, “All current coins are

Reports suggest Kanye West sold his X account to Barkmeta for $17M ahead of a crypto launch

February 24, 2025 2 mins read

Kanye West may have sold his X account to Barkmeta for $17 million. This news has raised alarms in the crypto community. Analysts are worried about potential fraud due to Barkmeta’s past. Barkmeta is known for trading meme coins and has faced accusations of scams. In 2022, Barkmeta was involved in the POX token rug pull. The next year, he was linked to the DeFiApes NFT collection, which raised over

Bybit loses $5.2B after a $1.5B hack but secured $172.5M fast

February 23, 2025 1 min read

Bybit faced a major crisis after a $1.5 billion hack, which caused a $5.2 billion drop in reserves in just one day. Despite this setback, the exchange acted quickly. They secured $172.5 million in emergency loans and kept operations running without freezing withdrawals. DeFiLlama reported that Bybit’s reserves fell sharply as over 350,000 withdrawal requests came in. However, the exchange still holds more than $11.4 billion in assets. CEO Ben

Bybit exploited for $1.4 billion worth of ETH, CEO confirms

February 22, 2025 1 min read

Bybit, a cryptocurrency exchange, has experienced a significant hack. A hacker stole over $1.4 billion worth of Ethereum (ETH) and staked ETH. The CEO, Ben Zhou, confirmed the incident on X. He explained that the attacker exploited a vulnerability in the exchange’s ETH cold wallet. This hack is one of the largest in the crypto market. Following the news, several cryptocurrency prices dropped. Ethereum’s price lost some of its gains,

Pi Network faces criticism over scam claims

February 17, 2025 2 mins read

Pi Network is facing criticism as it approaches its Mainnet launch. Critics question its legitimacy, but analyst Kim Wong defends the project. He highlights its widespread adoption, decentralized blockchain, and compliance with Know Your Customer (KYC) regulations as signs of credibility. Despite his defense, concerns linger about its referral-based mining system, past data breaches, and potential legal issues. In a post on X (formerly Twitter), Wong emphasized the benefits of

Ethereum Foundation sends $120 million worth of ether to DeFi lending protocols

February 15, 2025 1 min read

The Ethereum Foundation has recently moved some of its ether holdings into decentralized finance (DeFi) protocols. This decision involves transferring a total of 30,800 ether, valued at $81.6 million, into Aave, which is the largest DeFi lending platform. From its multi-signature wallet, the foundation deposited 20,800 ETH, worth $55 million, into Aave’s core market. Additionally, 10,000 ETH, valued at $26 million, was placed in Aave Prime. Moreover, the foundation allocated

Twenty US states propose Bitcoin Reserves

February 14, 2025 1 min read

Twenty US states are considering Bitcoin Reserves, with some proposals already advancing. If these bills pass, they could require $23 billion in Bitcoin purchases, creating a strong demand. This situation might also encourage state pension funds to invest in Bitcoin, increasing supply pressure. Bitcoin is nearing a supply shock, and even a few successful bills could drive prices up significantly. The movement began after President Trump promised a national Bitcoin

Hackers takes over WLFI co-founder Zach Witkoff’s social media to push a fake BARRON meme coin

February 14, 2025 2 mins read

Hackers recently took control of Zach Witkoff’s social media account to promote a fake meme coin called BARRON. The post was quickly deleted by moderators, but the price of the token remained stable. This incident highlights the ongoing risks of scams in the cryptocurrency market. Political meme coin scams are on the rise. Scammers exploit inexperienced investors and use the names of well-known figures to promote their projects. Witkoff’s account

The University of Austin plans a $5M Bitcoin fund

February 10, 2025 2 mins read

The University of Austin is making a significant move by investing $5 million of its $200 million endowment fund into Bitcoin. This decision reflects a broader trend among U.S. universities that are starting to embrace crypto as a viable investment option. The University of Austin, which was established just a year ago, is the first in the nation to create a dedicated Bitcoin endowment fund. Chad Thevenot, the university’s senior

Arweave launches the mainnet of its computing platform

February 9, 2025 1 min read

Arweave has launched the mainnet of its computing platform, AO, after a year of testing. This launch allows the native tokens, previously given to AR holders and testnet users, to be transferred. AO is described as a “hyperparallel computer,” which means it can process tasks simultaneously in a distributed computing environment. The operations of AO rely on Arweave’s permanent data storage, ensuring that data remains unchanged and always accessible. Sam

Kaspersky Discovers SparkCat Malware Targeting Crypto Recovery Phrases

February 8, 2025 1 min read

Kaspersky has revealed a significant malware campaign named SparkCat. This malware secretly scanned users’ phone galleries for crypto recovery phrases hidden in screenshots. It was found in food delivery and AI chat apps, affecting around 242,000 users before being removed from app stores. Unlike typical scams that promise financial gain, SparkCat operated quietly. This secrecy makes it hard to measure its financial impact. Kaspersky, a respected cybersecurity firm, noted that