On March 13th, COINOTAG News reported significant developments regarding Solana’s SIMD-0228 proposal, which is currently experiencing varying levels of support within the community. According to on-chain data, the support rate
European regulators are closely examining the role of OKX in laundering funds from a massive cyber heist on Bybit. National regulatory bodies across the European Union deliberated on the issue during a meeting led by the European Securities and Markets Authority’s (ESMA) Digital Finance Standing Committee on March 6. OKX Faces Intense Scrutiny The focus of the inquiry is OKX’s Web3 service, which happens to be a decentralized finance (DeFi) platform and self-custodial wallet that facilitates access to multiple blockchains and exchanges. Reports indicate that hackers, allegedly tied to North Korea, funneled approximately $100 million in stolen cryptocurrency through this platform. Bloomberg report suggests that authorities are now assessing whether OKX’s Web3 service falls under the jurisdiction of the EU’s newly implemented Markets in Cryptoassets (MiCA) regulation, which aims to oversee digital asset providers and ensure compliance with financial security measures. Some regulators, particularly from Austria and Croatia, argued that OKX’s Web3 service should be subject to MiCA’s regulatory framework despite fully decentralized platforms being exempt under the rules that came into force in late 2024. A key point of discussion at the meeting was whether the platform’s integration into OKX’s main website and its connection to an OKX Singapore entity constituted grounds for enforcement under MiCA. A regulatory presentation at the meeting reportedly outlined how OKX’s user interface enables token swaps and wallet connections directly through its website, suggesting centralized oversight rather than a purely decentralized model. Additionally, officials raised concerns about potential violations of sanctions against North Korea, given the laundering activities linked to the attack. The outcome of this regulatory scrutiny could lead to penalties for the crypto and further discussions on the application of EU financial laws to similar platforms. OKX Responds OKX has firmly rejected claims, calling the Bloomberg report misleading. The exchange clarified that its Web3 wallet and swap features function similarly to those of other major crypto platforms, and serve as aggregators to improve user efficiency rather than facilitating illicit transactions. According to OKX, its immediate response to the Bybit breach included freezing related funds on its centralized exchange and introducing a new tool to detect and block hacker-linked addresses from accessing its decentralized exchange or wallet services. The company expressed disappointment over Bybit’s statements and argued that they contributed to misinformation by wrongly implying an investigation into OKX. It even went on to emphasize that regulatory scrutiny is not directed at its operations but rather stems from broader industry discussions on decentralized finance regulations. Additionally, OKX suggested that the real issue lies in Bybit’s security shortcomings, rather than any wrongdoing on its part. The exchange strongly refuted what it described as false claims that misrepresented its role in the aftermath of the cyberattack. The post EU Regulators Probe OKX’s Web3 Role in Bybit Crypto Laundering Case appeared first on CryptoPotato .
The Ripple lawsuit against the SEC remains unresolved with multiple potential outcomes. Experts predict penalties could remain while restrictions might be lifted. Continue Reading: Ripple vs. SEC: The Ongoing Legal Battle Sparks Varied Outcomes The post Ripple vs. SEC: The Ongoing Legal Battle Sparks Varied Outcomes appeared first on COINTURK NEWS .
The Bolivian state energy company, Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) has announced plans to make energy imports into the country with cryptocurrency as there is a current shortage of dollars within the country. This shortage is due to the dwindling exports of natural gases over the years. Up until June 2024, Bolivia’s central bank, Banco Central de Bolivia had a ban placed on Bitcoin and other cryptocurrencies. At the time, the bank cited Bolivia’s struggling economy as the reason for the ban. It also stated that the ban would align the country with Latin American crypto regulations. The ban was lifted for a simpler reason — the global acceptance of cryptocurrencies. Other Latin American countries such as El Salvador, Argentina, Brazil, and Mexico had adopted the use of cryptocurrencies before Bolivia jumped on the wagon. With its economy still struggling and the reduction in exports, the country is again turning to cryptocurrency as a way out. Cryptocurrency for energy According to Reuters , a spokesperson for the state-run energy firm YPFB revealed that a system to use cryptocurrency to purchase fuel imports has been put in place. The energy firm also said that it had received government approval to use digital assets to help meet demand. Despite the government’s approval, YPFB has not yet used digital currency to purchase energy imports, but it intends to do so, according to a government spokesperson. Bolivia is catching up to other countries within South America with its increased acceptance and adoption of cryptocurrency and digital assets. Countries such as El Salvador and Argentina are integrating digital assets into their financial systems. Argentina’s state-owned energy firm, YPF, ventured into crypto mining operations in 2022 and has been supplying power for mining activities while making plans to further expand its crypto mining operations. Brazil established a law regulating digital assets in December 2022, and it came into effect in June 2023. The aim of the regulation was to legalize crypto as a payment method. Bolivia fuel shortages Bolivia’s economy is largely dependent on its vast natural resources. The country’s primary export is natural gas, but it also exports gold, zinc, and silver among other commodities. Bolivia’s natural gas exports were valued at $2.05B in 2023 and while this might sound like an impressive amount, those figures are a whopping 31% less than the value of Bolivia’s natural gas exports from the previous year which was valued at approximately $2.97B. Following the descending trend, the value of natural gas exports from Bolivia in 2021 was also higher than that of 2022. The exports of natural gas from Bolivia are typically imported by Argentina and Brazil. Over the years, the country has been experiencing a significant decline in its exports of natural gas, and as a result, has witnessed a decrease in its foreign currency reserves. This shortage of dollars has rendered the country incapable of regular function as it uses the US dollar to import goods, fuel included. The lack of dollars led to a fuel crisis in the country, and now, long lines at gas stations and scattered protests are becoming a norm. Bolivia functioned as a net energy exporter due to its large reserves of gas. The country also utilized its natural resources domestically. However, with the diminishing production, it has become reliant on imports to meet the country’s energy consumption needs. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
The Lazarus Group, North Korea’s infamous hacking unit, has carried out new cyberattacks in cryptocurrency with an increasing focus on developers. Security researchers have discovered over the last few months that the group has been sabotaging malicious npm packages that steal credentials, exfiltrate cryptocurrency wallet data, and create a persistent backdoor in development environments. It marks a major escalation in their years-long cyberwar, which has already witnessed some of the biggest crypto heists in history. According to a new investigation by the Socket Research Team , a branch of Lazarus Group has penetrated the npm repository, one of the most popular package managers for JavaScript developers. The hackers then used typosquatting techniques to publish malicious versions of popular npm packages, deceiving unsuspecting developers into downloading the programs. The packages include is-buffer-validator, yoojae-validator, event-handle-package, array-empty-validator, react-event-dependency, and auth-validator. When executed, the compromised packages install BeaverTail malware. This “advanced” tool can steal login credentials, search through browser files for saved passwords and dump files from cryptocurrency wallets, such as Solana and Exodus. Security researchers noted that the stolen data were sent to the hardcoded command-and-control (C2) server, a common modus operandi employed by the Lazarus Group to relay confidential data back to their actors. Its purpose is to steal and transmit compromised data without being detected, and it was particularly threatening in the world of developers building financial and blockchain applications, says Kirill Boychenko, a threat intelligence analyst at Socket Security. Lazarus launched an offensive against Bybit, stealing nearly $1.46 billion In addition to these supply chain attacks, Lazarus Group has also been tied to one of the biggest cryptocurrency thefts on record. Its first action is suspected to have occurred on February 21, 2025, when group-linked hackers breached Bybit, one of the world’s biggest crypto exchanges, making off with an estimated $1.46 billion in crypto assets. The attack was extremely sophisticated and was allegedly launched from a compromised device of a Safe{Wallet} employee, a Bybit technology partner. Hackers leveraged a vulnerability in the infrastructure of Bybit’s Ethereum wallet and altered smart contract logic to redirect funds to their wallets. Although Bybit addressed the problem immediately, a statement from CEO Ben Zhou revealed that 20% of the stolen money had already been laundered via mixing services and was untraceable. This latest series of attacks is part of North Korea’s broader effort to evade international sanctions against it by stealing and laundering cryptocurrency. According to a 2024 United Nations report, North Korean cybercriminals were responsible for over 35% of global cryptocurrency thefts over the past year, accumulating over $1 billion in stolen assets. Lazarus Group is not just a cybercrime syndicate but also a geopolitics threat since stolen money is reportedly directly funnelled into the nation’s nuclear weapons and ballistic missile programs. Such Lazarus Group attacks have also progressed over the years, from direct exchange hacks to supply chain attacks and even developer and software repository attacks. By adding backdoors to open-source platforms like npm, PyPI, and GitHub, the group expands its potential attack range to many systems, eliminating the need to hack directly into cryptocurrency exchanges. Security experts are calling for stricter protections for crypto developers Noting these growing risks, cyber specialists are pushing for stricter security for developers and crypto users and protection from hackers. One such best practice is verifying the realness of npm packages before installation because typosquatting continues to be one of the most common methods cyber criminals use. Socket AI Scanner also tracks anomalies in your software dependencies or npm audit, which informs you whether any compromised packages are in use and allows you to remove them from your application before they can do any real damage. The guide recommends that users and developers take the initiative to protect themselves by enabling multi-factor authentication (MFA) for exchange wallets, developer platforms like GitHub, and other accounts. Network monitoring is now regarded as the first line of defence as the compromised system will usually send messages back to an external command and control (C2) server, which then uploads the malicious updates on the infected computer. Blocking illegitimate outbound traffic can cut hackers’ access to this stolen data. Bybit launches recovery bounty as crypto security battle heats up Following the Bybit hack, the exchange also initiated a Recovery Bounty Program, rewarding anyone who helps find the stolen assets. The program allows for rewards of up to 10% of the money recovered. At the same time, the larger crypto ecosystem is busy ramping up security practices and alerting developers to protect against the same practices that can lead down this threatening path. But as Lazarus Group’s tactics advance ever more quickly, network defenders say the war on crypto has only just begun. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
Texas is ramping up its crypto adoption, with a new bill allowing up to $250 million in public funds to be invested—solidifying its leadership in digital assets. Texas Bill Paves Way for $250M Crypto Investment The U.S. state of Texas is actively pursuing legislation to integrate bitcoin into its financial framework, with multiple bills aimed
Get ready for a potentially seismic shift in the crypto landscape! Coinbase, one of the world’s leading cryptocurrency exchanges, has just dropped a bombshell announcement. Buckle up, because they’re listing Aethir (ATH)! This news, revealed on X, has sent ripples of excitement throughout the crypto community. Mark your calendars for March 13th at 9:00 a.m. (PT) – that’s when the Coinbase listing ATH goes live. But what exactly is Aethir, and why is this listing such a big deal? Let’s dive into the details. What is Aethir and the Buzz Around ATH? Aethir is not just another cryptocurrency project; it’s a platform focused on something truly groundbreaking: decentralized GPU usage. In a world increasingly reliant on processing power for everything from AI to gaming, Aethir is stepping in to democratize access to GPUs. Imagine a future where GPU resources are readily available and distributed, rather than concentrated in the hands of a few. That’s the vision Aethir is working towards. The ATH token is the lifeblood of this ecosystem. Think of it as the fuel that powers the Aethir network. It serves as the primary medium of exchange within the Aethir ecosystem, facilitating transactions and incentivizing participation. As the platform grows, the utility of the ATH token is expected to increase, making this Coinbase listing ATH announcement even more significant. Why is the Coinbase Listing ATH a Game Changer? Coinbase listing ATH is more than just adding another token to a crypto exchange. It’s a validation and a massive leap forward for Aethir and the concept of decentralized GPUs. Here’s why this listing is generating so much excitement: Increased Visibility and Accessibility: Coinbase is a giant in the crypto world, known for its user-friendly platform and broad reach. Listing ATH on Coinbase instantly exposes Aethir to millions of potential users and investors who may not have been aware of the project before. This increased visibility is crucial for adoption and growth. Enhanced Liquidity: A listing on a major exchange like Coinbase typically leads to a significant boost in liquidity. This means it will be easier to buy and sell ATH tokens, making it more attractive for traders and investors. Higher liquidity can also contribute to price stability and reduce volatility. Credibility and Trust: Coinbase has a rigorous vetting process for listing new tokens. Their decision to list ATH signals a level of confidence in the project’s legitimacy, technology, and potential. This endorsement can significantly enhance Aethir’s credibility within the often skeptical crypto space. Mainstream Adoption of Decentralized GPUs: By listing ATH, Coinbase is indirectly promoting the concept of decentralized GPUs to a mainstream audience. This can accelerate the adoption of this innovative technology and pave the way for a more distributed and accessible computing future. Decentralized GPUs: Unlocking the Power of Distributed Computing The concept of decentralized GPUs might sound technical, but its implications are far-reaching. Here’s a simplified look at why decentralized GPUs are so important: Democratizing Access to Computing Power: Currently, access to high-performance GPUs is often limited and expensive. Decentralized GPU networks aim to break down these barriers, making powerful computing resources available to anyone, anywhere. This is especially beneficial for developers, researchers, and artists who require significant processing power but may not have the resources to acquire and maintain expensive hardware. Cost Efficiency: By leveraging a distributed network of GPUs, Aethir can potentially offer more cost-effective computing solutions compared to traditional centralized providers. Users can tap into unused GPU capacity, leading to optimized resource utilization and reduced costs. Enhanced Scalability and Resilience: Decentralized networks are inherently more scalable and resilient. If one part of the network experiences issues, others can continue to operate, ensuring continuous service. This distributed nature makes decentralized GPU networks less vulnerable to single points of failure and more adaptable to fluctuating demand. Innovation and New Use Cases: Easier and cheaper access to GPU power can spur innovation across various industries. From AI and machine learning to advanced graphics rendering and scientific simulations, decentralized GPUs can unlock new possibilities and accelerate technological advancements. Navigating the Coinbase Listing ATH: What You Need to Know The Coinbase listing ATH is an exciting development, but it’s essential to approach it with informed awareness. Here are a few actionable insights to consider: Aspect Consideration Price Volatility Listings on major exchanges often lead to increased price volatility, especially in the short term. Be prepared for potential price swings and manage your risk accordingly. Market Sentiment Keep an eye on market sentiment and news surrounding Aethir and the Coinbase listing ATH . Social media, crypto news outlets, and community forums can provide valuable insights into market perception. Long-Term Potential While short-term price action is important, consider the long-term potential of Aethir and decentralized GPUs. Evaluate the project’s fundamentals, team, roadmap, and the overall market for decentralized computing. DYOR (Do Your Own Research) Never invest blindly. Conduct thorough research on Aethir, understand its technology, tokenomics, and the risks involved before making any investment decisions. The Coinbase listing ATH is just one piece of the puzzle. The Road Ahead for Aethir and Decentralized GPUs The Coinbase listing ATH marks a pivotal moment for Aethir and the broader decentralized GPU ecosystem. It’s a strong signal that decentralized computing is gaining traction and recognition within the mainstream crypto world. While challenges and further developments are inevitable, this listing represents a significant step towards a future where computing power is more accessible, affordable, and democratized. Keep an eye on Aethir and the ATH token – this journey is just beginning! To learn more about the latest crypto market trends, explore our article on key developments shaping decentralized finance and crypto adoption.
Exciting news for crypto enthusiasts in Europe! OKX Europe is making significant strides in the regulated digital asset space. The exchange has strategically acquired a MiFID II-licensed firm in Malta, signaling a bold move towards offering regulated crypto derivatives to its European users. This development underscores OKX’s commitment to compliance and expansion within the European market, but what does this mean for the future of crypto trading in the region? Let’s dive into the details. OKX Europe’s Strategic Acquisition: A Game Changer? OKX Europe’s recent acquisition of a MiFID II-licensed firm in Malta is more than just a business deal; it’s a strategic maneuver designed to solidify its position in the European cryptocurrency market. This move is specifically aimed at enabling OKX to offer regulated crypto derivatives to its European customer base. Why is this significant? Regulatory Compliance: Operating under a MiFID II license demonstrates OKX’s commitment to adhering to European regulatory standards. This is crucial for building trust and legitimacy in the eyes of both users and regulators. Expansion of Services: The acquisition paves the way for OKX Europe to broaden its service offerings beyond spot trading, venturing into the lucrative and complex world of crypto derivatives. Market Access: A MiFID II license provides a robust framework for operating within the European financial market, opening doors to a wider audience of institutional and retail investors. However, it’s important to note that while the acquisition is a major step, OKX still needs to secure final approval from the Malta Financial Services Authority (MFSA). This regulatory nod is essential before OKX can officially commence operations under the MiFID II license later this year. Decoding the MiFID II License: What Does It Mean? MiFID II, or the Markets in Financial Instruments Directive II, is a cornerstone of the European Union’s financial regulation. But what exactly does a MiFID II License entail, and why is it so valuable for a cryptocurrency exchange like OKX? Essentially, MiFID II is designed to: Increase Transparency: It aims to make financial markets more transparent by imposing stricter reporting requirements and trading rules. Enhance Investor Protection: A core objective is to protect investors by ensuring firms act in their clients’ best interests and provide appropriate levels of information and safeguards. Promote Fair Competition: MiFID II seeks to foster fair and efficient markets by regulating trading venues and investment firms across the EU. For OKX Europe, holding a MiFID II license means operating under a well-established regulatory framework that is recognized and respected across Europe. This license is not just a piece of paper; it’s a testament to OKX’s commitment to operating at a high standard of regulatory compliance, which is particularly important when dealing with complex financial products like crypto derivatives . Why Malta? The Allure of a Crypto-Friendly Nation Malta has long been recognized as a progressive jurisdiction in the cryptocurrency and blockchain space. Why did OKX choose Malta for this strategic expansion? Malta offers several key advantages that make it an attractive location for crypto businesses: Pro-Innovation Regulatory Environment: Malta was one of the first EU member states to establish a comprehensive legal framework for blockchain and cryptocurrencies, earning it the moniker “Blockchain Island.” EU Membership: Being part of the European Union allows companies based in Malta to benefit from EU-wide market access and regulatory harmonization. Talent Pool: Malta has cultivated a growing ecosystem of professionals with expertise in blockchain, fintech, and regulatory compliance. Favorable Tax Regime: Malta offers a competitive tax system that can be advantageous for international businesses. By acquiring a firm in Malta, OKX Europe is strategically positioning itself within a jurisdiction that is both crypto-friendly and compliant with European standards. This move leverages Malta’s supportive environment to facilitate its expansion into regulated crypto derivatives offerings. The Future of Crypto Derivatives in Europe: What to Expect? OKX Europe’s move comes at a pivotal time for the European cryptocurrency market. With the upcoming Markets in Crypto Assets (MiCA) regulation, the landscape is rapidly evolving. How will this acquisition and the focus on regulatory approval impact the availability and accessibility of crypto derivatives in Europe? Here’s what we can anticipate: Aspect Potential Impact Increased Regulatory Clarity MiCA and national licenses like MiFID II will provide clearer guidelines for crypto firms, fostering a more stable and predictable operating environment. Enhanced Investor Confidence Regulation can boost investor confidence by providing a level of protection and oversight that is currently lacking in many parts of the crypto market. Growth of Institutional Participation Regulatory frameworks can encourage institutional investors to enter the crypto derivatives market, bringing in greater liquidity and maturity. Product Innovation As regulatory clarity increases, we may see more innovative and sophisticated crypto derivative products tailored to the European market. However, challenges remain. Navigating the complex web of European and national regulations, ensuring compliance, and educating users about the risks and complexities of crypto derivatives will be ongoing tasks for OKX and other players in the space. Navigating Regulatory Hurdles: The Path to Approval While the acquisition of a MiFID II-licensed firm is a significant achievement, the journey isn’t over yet for OKX Europe. Securing regulatory approval from the MFSA is the next crucial step. What does this process typically involve, and what are the potential hurdles? The MFSA approval process will likely involve: Due Diligence: The MFSA will conduct thorough due diligence on OKX Europe, assessing its financial stability, operational capabilities, and compliance frameworks. Compliance Checks: Rigorous checks will be carried out to ensure OKX’s operations align with MiFID II requirements and Maltese regulations. Risk Management Assessment: The MFSA will evaluate OKX’s risk management systems and controls, particularly in relation to the offering of crypto derivatives. Ongoing Supervision: Even after approval, OKX will be subject to ongoing supervision by the MFSA to ensure continued compliance. The successful completion of this regulatory approval process is paramount for OKX to realize its ambitions of offering regulated crypto derivatives in Europe. The industry will be watching closely to see how this progresses, as it could set a precedent for other exchanges seeking to expand their regulated offerings in the region. Conclusion: A Strategic Win for OKX and European Crypto? OKX Europe’s acquisition of a MiFID II-licensed firm in Malta is undoubtedly a strategic win for the exchange, positioning it favorably to tap into the growing European market for regulated crypto derivatives . This move, coupled with its earlier MiCA registration, signals a clear commitment to operating within the bounds of European regulation and providing a compliant platform for its users. While final regulatory approval is still pending, this development represents a significant step forward for OKX Europe and potentially for the broader adoption of regulated crypto derivatives in Europe. As the regulatory landscape continues to evolve, OKX’s proactive approach could pave the way for a more mature and accessible crypto market in the region. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action.
Solana price could take a major hit after an Alameda address unstaked $23 million SOL in what appears to be an indicator for a potential selloff. On the technicals, Solana is inching toward a death cross for the third time in its history. Alameda Unstakes 177,000 SOL Amid Distribution Spree According to an Arkham post , an Alameda Research-associated address has unstaked $23 million SOL, distributing the funds to several addresses. On-chain data indicates that the Alameda staking address received $22.9 million SOL following a staking address unlock. Upon receipt of the tokens, the funds were distributed to 37 addresses associated with FTX and Alameda. Cumulatively, the 37 recipient addresses hold $178.82 million SOL, sparking fears of a selloff. Typically, unstaking large amounts of SOL triggers selling pressure for Solana price. In the event of a sale, excess SOL floods the market and if demands fall to match supply, prices take a massive hit. A move to exchanges will confirm speculation of a selloff with similar moves historically triggering corrections for Solana price. At the start of March, Solana whales unstaked nearly $1 billion SOL as prices tumbled to multiple-month lows. Solana Price Marches Toward Death Cross Onchain indicators say Solana is approaching a death cross for the third time in its history. The death cross is a bearish signal, occurring when the 50-day moving average crosses below the 200-day moving average. Achieving a death cross could send Solana price to new lows with previous occurrences proving extremely bearish. The first death cross in 2022 saw prices fall by over 90%, exacerbated by FTX’s implosion. The second death cross in 2022 saw prices take a nose dive before staging a recovery during the “Trump pump.” Experts say projections for SOL to reach $200 are unlikely as it trades at a six-month low. At the moment, Solana price is trading at $126.53 down by nearly 15% over the last week. For now, traders are proceeding with caution with the biggest indicator being a steep drop in daily trading volume. Over the last 24 hours, trading volume has fallen by 22.71% to settle at $4.1 billion. Despite the grim numbers, experts say Solana will outperform Ethereum , citing the network’s impressive functionalities. The post Solana Price At Risk As Alameda Unstakes $23 Million SOL appeared first on CoinGape .
Bitcoin’s current cycle deviates from past halvings, with institutional investors and macroeconomic shifts reshaping its trajectory. The Long-Term Holder MVRV ratio shows diminishing returns, suggesting Bitcoin’s explosive growth phases may