In a major announcement on Tuesday, crypto exchange Bybit announced to stop its digital asset withdrawal and custodial services in France, citing regulatory roadblocks. The crypto exchange announced that these services won’t be available anytime after January 8, 2025, however, noting that it remains committed to adhering to the recent regulatory developments. Bybit Users In France Need to Withdraw Before January 8 Crypto exchange Bybit has asked all of its users in France to withdraw their funds as it plans to close down service in the country. Thus, the exchange has set a January 8 deadline which is less than a month from now. The recent decision comes after the crypto exchange halted buying and selling digital asset services earlier in August 2024. Bybit has urged French nationals and residents to withdraw their assets before the deadline. After January 8, accounts holding 10 USDC or less will incur a 10 USDC fee and be closed. For users with assets exceeding 10 USDC, the remaining funds will be transferred to Coinhouse , a regulated French crypto-asset platform, which will facilitate subsequent withdrawals. Bybit has a strong presence in Europe and is among the top crypto exchanges in Germany and the Netherlands. It is also the second-largest crypto trading platform worldwide by trading volumes, after Binance, with a presence in nearly 120 countries. Apart from France, the exchange has been facing regulatory challenges across other regions as well. Two weeks ago, Japan’s top financial regulator – Financial Services Agency (FSA) – accused Bybit and other crypto exchanges of violating the country’s crypto regulations. The post Breaking: Bybit Ends Crypto Withdrawals and Custody Services in France appeared first on CoinGape .
On-chain researcher ZachXBT has noticed another wallet-draining attack, spanning dozens of addresses. The seemingly random hauls have all been connected to the Last Pass data breach, potentially exposing multiple wallets. ZachXBT reported a total of $5.36M taken from personal wallets containing Bitcoin and assets from the Ethereum ecosystem. All the seemingly random addresses had one thing in common – using Last Pass as their password storage and protection. After a data leak in 2022, the list of wallets turned out to be compromised. ZachXBT also identified the attackers as a cohesive entity, the ‘Last Pass threat actor’. The attackers had a similar approach of draining the wallets, then immediately swapped through instant exchanges for Ethereum and Bitcoin. The attack affected multiple tokens, but the hackers were trying to simplify their holdings. Last Pass victims face another round of wallet attacks Apparently, some of the wallet owners also stored private keys on the service, leaking direct access to the wallets. The actual attack happened long after the data leak, and there may be more wallets that are potentially exposed, but not drained yet. The recent batch of drained wallets includes crypto influencers with ENS names, as well as active DEX and DeFi users. Despite being experienced, the exposed addresses led to total losses. Wallets automated to receive funds or rewards from smart contracts may be especially at risk. In one of the cases, the funds received came from an OpenSea user, potentially from the sale of an NFT. In this case, the receiving wallet may be automated and already linked to the NFT marketplace. The wallet was drained soon after that, with the funds sent directly for an anonymous swap. More than 40 addresses in total were drained to date. In some cases, the addresses show evidence of being watched, as the draining happened right after a recent deposit of funds. Some of the wallets received funds from exchanges for storage or as intermediate holding, and were drained within a short time after the incoming transaction. ZachXBT had already tracked an earlier batch of 22 addresses, with losses exceeding $6.2M even at the earlier stage of the bull market. Other on-chain researchers have also sounded the alarm on potentially exposed wallets. It’s been 2 years since Path sounded the alarm. Since then we’ve investigated thousands of these thefts. Including 2 more in the last few hours. Please migrate your funds to fresh wallets if you’ve used LastPass. Please tell your friends. Please. Begging you. 🙏 https://t.co/5xd5oYxbwb — Tay 💖 (@tayvano_) December 16, 2024 The only solution for users is to abandon all potentially exposed wallets. The risk remains for anyone using Last Pass before the exploit in 2022. All funds must be moved to new addresses, as the old ones are already monitored for incoming transactions. The latest wallet attack follows a previous batch of wallets linked to Last Pass data. In October 2023, a total of 25 wallets were drained of $4.4M worth of digital coins and tokens. As previously reported, some of the wallets had substantial funds and belonged to crypto insiders, even VCs and DeFi developers. The previous hack did not alert all wallet owners exposed to Last Pass. ZachXBT has previously warned about potentially exposed wallets, though the hackers still managed to attack more accounts. Hacks sent straight to exchanges Unlike other hacking attempts, the wallets were drained directly onto exchange accounts. This suggests the hacker had full control and decided to trade the funds as a way of concealing them. In one case, a wallet was drained of 15 ETH, which were sent directly to a swapping address. Another wallet lost 32 ETH, which was sent to the FixedFloat hot wallet. The exchange was used for other wallets as well. The exchange itself is not affected and is completely neutral to the hack. However, the DEX is a regular target for hackers, used to transform funds and cover their tracks. Previously, analysts have tracked funds from an attack against Rocket Pool to the same DEX. FixedFloat offers a simplified swap service with relatively high fees, without requiring an account or KYC. The exchange itself has been a target of hackers, when it was exploited in March for $26M in ETH and BTC. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
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The post Bybit To Stop Services in France Effective January 8, 2025 appeared first on Coinpedia Fintech News A global cryptocurrency exchange Bybit has announced it will stop offering withdrawal and custody services in France starting January 8, 2025. If your account has 10 USDC or less, you will be charged a 10 USDC fee, and your account will be closed. If you have more than 10 USDC in your account, Bybit will transfer the funds to Coinhouse. After that, any future withdrawals will need to be done through Coinhouse’s platform. This change means that French users need to take action before the deadline to avoid losing funds or facing extra fees. Be sure to check your account balances before the deadline to avoid any unexpected charges.
Credible predicts XRP could rise significantly due to its strong technical structure. The Elliott Wave Theory supports the forecast of a price surge for XRP. Continue Reading: Credible Predicts Significant Price Surge for XRP The post Credible Predicts Significant Price Surge for XRP appeared first on COINTURK NEWS .
The founder of Aave Chan, Marc Zeller, is proposing that Aave should exit the Polygon network, citing bridge vulnerabilities. Zeller’s proposal directly responds to a recent Polygon governance proposal, advising it to direct the stablecoin reserves on its PoS bridge toward an incentivized program to grow its DeFi ecosystem. According to Zeller, if Polygon decides to go ahead with the idea, it could have severe implications for Aave as Polygon would essentially redefine the risk profile of its bridged assets. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
In this review, we’ll examine Blockchain-Ads PR, a prominent PR distribution platform that claims to have the largest network of top-tier crypto media outlets like Cointelegraph, BeInCrypto, and more. This review highlights Blockchain-Ads PR’s features, benefits, and competitive strengths while comparing it to other major crypto PR platforms. How Does Blockchain-Ads PR Work? Getting started … Continue reading "Best Crypto PR Networks for 2025: A Comprehensive Overview" The post Best Crypto PR Networks for 2025: A Comprehensive Overview appeared first on Cryptoknowmics-Crypto News and Media Platform .
The post Ethereum Foundation Dump Another 100 ETH for $420k, ETH Price to Drop appeared first on Coinpedia Fintech News Ethereum Foundation doesn’t seem to be stopping as they made another sell-off offloading another 100 ETH on December 17. This isn’t the first time they’ve made such a move last week, raising questions about their strategy. Perhaps ETH co-founder Vitalik Buterin explained why the Ethereum Foundation sells ETH continuously. Ethereum Foundation Sells 100 ETH According to data from the prominent blockchain analytics platform, Lookonchain the Ethereum Foundation offloaded 100 ETH from its holdings for approximately $420,470. The #Ethereum Foundation sold 100 $ETH ($420.47K) again just now. #Ethereum Foundation has sold a total of 4,466 $ETH ($12.62M) this year. https://t.co/aEdJQoOeuv pic.twitter.com/Cd6LPm1JBu — Lookonchain (@lookonchain) December 17, 2024 This transaction is just one of many the Foundation has made this year. So far, the Foundation has sold a total of 4,466 ETH, valued at around $12.62 million. What’s even more interesting is that this recent sale came just a week after the Foundation offloaded 100 ETH for 374,334 DAI in mid-December. With these frequent transactions, market watchers are growing concerned about the impact on ETH’s price. The Ethereum Foundation, a non-profit organization, continues to offload its ETH, despite holding a significant $970.2 million in treasury. The majority of its crypto holdings are in Ethereum, which only adds selling pressure to the crypto. Vitalik’s Explanation Behind The Sell-Off Ethereum co-founder Vitalik Buterin has previously explained that the Foundation timely sold ETH to fund public projects and maintain reserves. However, the constant selling continues to raise concerns, especially with the Foundation holding a massive $970.2 million in assets, mostly in Ethereum. Despite accusations from some critics claiming that Buterin is selling ETH for personal profit, he has firmly denied these claims. ETH Price Loses Momentum Ethereum recently saw a price surge, crossing the $4,010 mark for the first time since March 2024. Historically, each time ETH reached this level, it faced a significant drop. Data shows that exchange reserves have risen by nearly 100,000 ETH, worth around $400 million, signaling potential selling pressure as ETH approaches a six-month high. Additionally, the Relative Strength Index (RSI) is falling, pointing to a bearish trend and suggesting a possible price drop. With the current price action, there’s a strong chance ETH could decline by 12%, potentially reaching the $3,500 level.
Rexas Finance (RXS), a blockchain platform transforming real-world asset (RWA) tokenization, is rapidly attracting attention in the cryptocurrency sector. At present, valued at only $0.15 during its stage 10 presale, RXS is positioning itself as a strong competitor to Solana (SOL). Analysts anticipate a 6,566% increase to $10 over the next three months, indicating substantial growth opportunity for RXS. Why Rexas Finance (RXS) Draws Attention as a Solana Rival Rexas Finance innovative approach to using blockchain technology for linking real-world assets transforms how asset ownership is perceived. Its capacity to tokenize assets such as real estate (valued at $379.7 trillion), commodities like gold ($121.2 trillion), and art and collectibles (a market worth $65 billion annually) distinguishes it from its peers. As a competitor to Solana, Rexas Finance provides effortless fractional and complete ownership of worldwide asset markets with a simple click. Certik Audit: The Certik audit of the platform ensures safety and reliability, boosting investor trust. Market Transparency: RXS’s presence on CoinMarketCap and CoinGecko offers up-to-date price monitoring, enhancing its trustworthiness with investors. Rexas Finance’s presale, which commenced in September 2024 at $0.030, has already witnessed an impressive 400% increase to $0.15 in stage 10. With only one stage left, the token price is anticipated to hit $0.175 in stage 11 prior to debuting at $0.20 on three of the leading 10 tier-1 exchanges in early 2025. These advancements establish RXS as a strong competitor to Solana in the swiftly changing blockchain landscape. Rexas Finance (RXS) Tokenomics Community-Centric Approach Fuels Rexas Finance Growth The presale success is evident, with 341,884,321 RXS tokens sold, generating an impressive $27,407,990. Unlike many blockchain projects reliant on venture capital, Rexas Finance takes a community-driven approach to fundraising. This strategy aligns with its vision of democratizing asset ownership, providing ordinary investors with an opportunity to participate in its transformative journey. To encourage further engagement, Rexas Finance is running a $1 million RXS giveaway. Twenty lucky winners will receive RXS tokens worth $50,000 each, with 503,716 entries already recorded. This giveaway underscores the project’s commitment to fostering a thriving community, a key factor in distinguishing the RWA token as a Solana rival. The Ecosystems of Rexas Finance Rexas Finance’s ecosystem offers unparalleled opportunities in the blockchain landscape: Rexas Token Builder: A no-code tool enabling anyone to easily tokenize actual assets. Rexas Launchpad: An avenue for anyone funding their tokens. Token Standards Complianc e: ERC-20, ERC-721, and ERC-1155 highlight the technological adaptability and broad usability With 1 billion RXS tokens in circulation, Rexas Finance taps into trillions of dollars in readily accessible markets. These features solidify its position as a transformative blockchain project and one of promising cryptos to buy . Bullish Projections of Growth of RXS The presale trajectory of RXS marks only the beginning. Once launched on tier-1 exchanges in 2025, experts predict a rapid price jump from $0.20 to $10 within three months, representing a staggering 6,566% surge. With a projected market value of $10 billion, Rexas Finance will undoubtedly cement its status as a leading Solana rival in the cryptocurrency market. Investors recognize RXS as a low-risk, high-reward opportunity to enter early at $0.15. The platform’s innovative approach to real-world asset tokenization and growing demand for its services further fuel bullish projections. Final Thoughts: A True Solana Rival Rexas Finance stands out as a notable competitor to Solana through its innovative strategy for tokenizing real-world assets. By addressing the growing demand for asset tokenization, RXS combines innovation, community focus, and market potential, making it an attractive investment option among early-stage cryptocurrencies. Priced at $0.15 today and with forecasts projecting a rise to $10 within three months, Rexas Finance offers investors a life-changing opportunity to participate in this revolutionary project The post Is This $0.15 Solana Rival a 6,500% Gainer? Price Predictions Point to $10 in 3 Months appeared first on CoinGape .
The post Spot Crypto ETFs in 2025: Is Solana, Ripple, and Cardano Next? appeared first on Coinpedia Fintech News The year 2024 has been an eventful year for the cryptocurrency sector, especially when viewed from the perspective of ETFs. The trading of spot Bitcoin ETFs and spot Ethereum ETFs was approved by US regulators. There are many reasons to believe that some revolutionary developments may be witnessed in the crypto spot ETF sector in the upcoming year. The primary reason is that since the US election, the political climate in the US has shifted in favour of digital innovations. Secondly, the US SEC is set to get a pro-crypto executive in the near future. Everything points to the conclusion that a few cryptos may enter the spot ETF market in 2025. Read on to know more! Solana Recently, the Brazilian government gave approval to at least two Solana ETFs. Notably, Samara Cohen, the CIO of BlackRock, acknowledged the possibility of an SOL ETF. With a market cap of $106,601,790,284, Solana is the fifth largest crypto. In the last one year, it has seen a growth of 205.6%. Ripple This year, XRP has made several controversial headlines for its legal battle against US regulators. The new government is expected to help the crypto recover from the crisis. Since the US election, the crypto has shown impressive growth. Importantly, WisdomTree, a financial institution, sought approval from the regulator to launch its spot XRP ETF. With a market cap of $151,416,167,935, XRP is the third largest crypto. In the last one year, it has experienced a rise of 325.7%. Cardano Cardano is popular for its commitment to continuous improvement. Since the victory of Donald Trump, ADA has experienced massive growth. With a market cap of $39,368,157,441, Cardano is the ninth largest crypto. In the last one year, it has showcased a surge of 82.1%. In conclusion, the potential for crypto ETFs in 2025 looks brighter than ever, with Solana, Ripple, and Cardano emerging as strong candidates.