Are stablecoins safe to use? Are they really as stable as claimed? What incidents have occurred involving stablecoins, and what were the consequences for stablecoin holders? In this article, I’ll answer all these questions. While stablecoins are undoubtedly convenient assets, not fully understanding their associated risks can lead to significant losses...
Remember back in November, when it became clear that Trump had been elected President of the United States, I wondered how he would fulfill his campaign promise to create a Bitcoin reserve. At the time, I wrote that I saw only three possible scenarios: > 1. Mine Bitcoin directly, which would require investing in ASIC miners or, alternatively, banning...
Tether has frozen approximately 22 million USDT held on addresses belonging to the Garantex exchange. As a result, the exchange was forced to completely halt operations. While Garantex wasn't a particularly large exchange, it still had customers, and many of the tokens in the frozen addresses belonged to them. Tether has long been freezing tokens on addresses it considers "dirty."...
Bybit CEO Ben Zhou said that all ETH stolen from the exchange on February 25th have already changed hands. Notably, 83% of the funds were converted to bitcoins. In other words, the current owners of the stolen ETH are most likely unrelated to the original thieves. If one were to track the movement of these stolen funds, bitcoins would be...
The team behind SAFE - a multisig solution for Web3 that was notably used by the Bybit exchange - has published a guide on their website that starts with one crucial rule: "If you can’t verify it, don’t sign it." This comes in the wake of a recent hack where a significant amount of cryptocurrency was stolen from Bybit. This is indeed a...
Changpeng Zhao, a key figure in BNB Chain, highlighted findings from an investigation showing that the STAR10 token, issued on BNB Chain as footballer Ronaldinho's official token, poses a serious security threat — the creator can burn ANY holder's tokens at their discretion. Wait! Does anyone actually care about this? * PEPE creators can do something similar. * USDT...
For several years now, experts have been promoting the tokenization of real-world assets as a promising direction for the cryptocurrency industry. Many expect that this area will serve as a springboard for another leap in interest in blockchain technology’s capabilities. However, breakthroughs in this field are not evident. So what’s the issue? Let’s examine who...
Bybit has suspended trading in all ZEC and DASH pairs. Users must withdraw these cryptocurrencies from the exchange by May 28. Is this another blow to privacy coins? Unlikely. The campaign to push privacy coins off cryptocurrency exchanges was more characteristic of early 2024 than early 2025. And this approach has already proven ineffective: * In my article...
When SEC representatives announced that most meme coins are not securities, many immediately equated this with the SEC dropping legal proceedings against Coinbase, Gemini, MetaMask, OpenSea, Robinhood, and Uniswap. They concluded that the next step would be abandoning claims against Ripple and publicly declaring that neither Ripple nor Ethereum should be considered securities. Such a statement...
The popular Fear and Greed Index, published daily on alternative.me, is showing a value that we haven't seen since June 2022: extreme fear at a level of 10. This index serves as a convenient barometer of market emotions. Its main purpose is to help you avoid falling prey to collective sentiment and instead, take advantage of it. There's a well-known...