Orbit Chain confirms hack, warns of scam repayment offers

    Cross-chain bridge Orbit Chain has confirmed that it suffered an unauthorized breach of access to its ecosystem on Dec. 31 at 8:52 pm UTC. Orbit Chain posted on X (formerly Twitter), saying it is currently conducting a “comprehensive analysis” of the cause of the breach alongside cybersecurity startup Theori. 🚨Urgent🚨 Dear Orbit Bridge Users, An unidentified access to Orbit…

    Bitcoin price breaks above $45K, days ahead of potential ETF approval

    The price of Bitcoin has broken through $45,000 for the first time in nearly two years as the market prepares for a widely expected approval of a spot Bitcoin exchange-traded fund (ETF). Bitcoin climbed rapidly from a price of $42,000 on Jan. 1, surging more than 6% in the last 24 hours and 170% over the…

    Crypto stocks tumbling at year-end was a ‘healthy’ pullback: Analyst

    Disclaimer: A previous version of this story inaccurately stated the stocks tumbled on the first day of trading in 2024, instead of the last trading day of 2023.  Major crypto and Bitcoin mining-related stocks, which tumbled as much as 17% on the last day of trading in 2023, were simply part of a “healthy pull…

    Bitcoin ETF launch may ‘let down’ but could attract trillions over time

    The launch of spot Bitcoin exchange-traded funds (ETFs) won’t likely have much impact on Bitcoin, but could eventually bring in trillions of dollars to the cryptocurrency, according to VanEck adviser Gabor Gurbacs. In a Jan. 1 post to X (formerly Twitter), Gurbacs argued the “initial impact” of a Bitcoin ETF is being drastically overestimated — estimating…

    Crypto entrepreneurs: Top winners and losers of 2023

    2023 saw prominent figures within the realm of cryptocurrency embarking on diverse paths, contributing to the many ups and downs of the ecosystem. While some recorded tremendous successes, others saw their empires fall — despite favorable expectations. Here are some of crypto’s greatest winners and biggest losers of 2023. Winners In a climate that offered…

    DeFi project aims to unlock a multibillion-dollar market with new DeFi Debit Card

    DeFi offers anonymity and a global reach but lacks user experience and more use cases for everyday scenarios. Retik Finance launches a DeFi debit card to bridge decentralized finance to traditional spending. In the dynamic world of digital finance, decentralized finance (DeFi) stands on the periphery of mainstream financial engagement. Its innovative promise is often overshadowed by…