Tag: Blockchain

Nexo Partners with Acapulco Tennis Open, Strengthening its Presence in Latin America

Summary: Nexo has teamed up with the Abierto Mexicano Telcel presented by HSBC, commonly known as the Acapulco Tennis Open, the biggest ATP 500 tournament, to increase its international presence and push digital asset adoption.

Nexo has debuted its collaboration with the Abierto Mexicano Telcel presented by HSBC, also known as the Acapulco Tennis Open, a top ATP 500 event. The event will take place from February 24 to March 1, 2025, at Arena GNP Seguros in Aguilar, Mexico.

This collaboration highlights Nexo’s commitment to integrating digital assets into global sports events. The company sees parallels between the discipline required for success in tennis and the long-term strategies needed for wealth creation.

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Summary: Nexo has teamed up with the Abierto Mexicano Telcel presented by HSBC, commonly known as the Acapulco Tennis Open, the biggest ATP 500 tournament, to increase its international presence and push digital asset adoption.

Nexo has debuted its collaboration with the Abierto Mexicano Telcel presented by HSBC, also known as the Acapulco Tennis Open, a top ATP 500 event.

Nansen Joins TRON as a Super Representative, Boosting Blockchain Transparency

Summary: Blockchain analytics firm Nansen has been voted a Super Representative of the TRON network. Nansen, as a Super Representative, will assist in governing TRON, maintaining its security, and creating blocks while providing detailed insights into network activity. Nansen will guide TRON users and developers in gaining access to more transparent data on smart contracts, wallet activity, and transactions. The move aligns with TRON’s mission of decentralization and could enhance transparency across its ecosystem.

Nansen, a well-known blockchain analytics platform, has officially joined TRON as a Super Representative, reinforcing its role in improving blockchain transparency.

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By becoming an SR, Nansen will actively participate in block production and network governance, helping secure TRON while ensuring smooth operations. More importantly, its data analytics tools will give developers, investors, and the community clearer insights into transactions, smart contracts, and overall network activity.

Nansen CEO Alex Svanevik believes this partnership will help make blockchain data more accessible and valuable for the TRON ecosystem. “We’re excited to support TRON’s growth with our analytics expertise,” he said.

TRON founder Justin Sun welcomed Nansen’s role, stating that its deep analytics will improve the network’s transparency and integrity. TRON has grown significantly since launching its mainnet in 2018, with over 277 million users and a total value locked (TVL) of $24.6 billion.

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With this partnership, Nansen will help push DeFi and Web3 adoption on TRON while setting a new standard for transparency in blockchain governance.

SEC Drops Investigation Into Robinhood Crypto No Charges Filed

Summary: Robinhood Crypto is in the clear. Nearly a year after being in the limelight, the SEC has officially shut down its investigation without imposing any enforcement action. The action comes months after Robinhood had received a Wells Notice, typically a move towards enforcement But not in this case, as no enforcement action was filed.

Robinhood Crypto has finally seen some much-needed relief only in recent times. In February this year, the company issued a letter from the SEC stating that the investigation into its crypto business was finally laid to rest with no enforcement.

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This puts an end to a battle that ran for nearly a year, starting in May this year, when the SEC sent Robinhood a Wells Notice. That’s usually an indication that regulators are preparing to file charges, but the SEC stood down and took no action.

Robinhood Head of Legal Dan Gallagher commented on the decision, saying, “We applaud the staff’s decision to close out this investigation without action.” He explained that Robinhood had been compliant with the securities laws all along and that the probe shouldn’t have been conducted in the first place. Unlike other platforms, Robinhood never listed tokens that could potentially be considered securities.

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For their part, regulatory attitudes towards crypto appear to shift. Under President Donald Trump’s administration, the SEC reviewed its digital assets policy. It has just established a new division in charge of providing clearer guidance and easing some erstwhile restrictive rules.

With the agency led by ex-SEC Commissioner Paul Atkins, the majority expect a more crypto-friendly approach. Investors were upbeat on the news Robinhood’s shares jumped 3.3% in premarket trading after the announcement.

WazirX Moves ₹606 Crore Out of Bybit After Hack—Without Telling Anyone

Summary: After the massive Bybit hack that wiped out $1.5 billion, most exchanges reassured users their funds were safe. But WazirX? They stayed completely silent. Even worse, they secretly withdrew ₹606 crore from Bybit just a day after the attack, offering zero explanation.

The Bybit hack on February 21, 2025, was one of the biggest exchange breaches ever, draining over 400,000 ETH. While most exchanges addressed user concerns, WazirX chose a different path—silence. Then, just 24 hours after the hack, they quietly moved ₹606 crore out of Bybit, without a single update to their users.

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A year ago, WazirX users lost ₹2,000 crore in another major hack. To make matters worse, the exchange had transferred ₹606 crore of remaining user funds to Bybit—an unregistered exchange in India at the time. Now, after the Bybit hack, they’ve withdrawn their funds without saying a word, leaving users in the dark yet again.

Crypto analyst Aditya Singh exposed the transaction, sharing proof on X. He questioned why WazirX had funds in Bybit in the first place and why there’s still no proof of reserves. “Imagine if Bybit didn’t cover losses. What would’ve happened?” he wrote.

Meanwhile, CoinDCX and CoinSwitch quickly reassured users they weren’t affected. Bybit itself restored withdrawals within two days. WazirX? No fixes, no statements, no transparency.

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Nischal Shetty, once a vocal advocate for decentralization, has gone silent. He’s focused on his Web3 projects while WazirX users are left stranded. Ask questions, and you might just get blocked.

This isn’t just bad management—it’s pure negligence. If WazirX truly cared, they would have addressed this long ago. Instead, they’re waiting for the noise to fade, hoping users stop asking questions. But the real question is: How much longer will WazirX ignore its users while pretending nothing happened?

Bybit Hacker Tried to Launder Stolen Crypto Through Memecoins – Got Shut Down

Summary: One of the exploiters behind the huge Bybit hack attempted to clean their gains on Pump.fun but was quickly closed. Before being caught, they had already recorded over $26 million in volume trades through a memecoin called “QinShihuang (500000).”

Pump.fun isn’t messing around when it comes to stopping bad actors. The platform just shut down a hacker connected to the Bybit exchange hack, cutting off their attempt to move stolen funds through memecoin trading.

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Blockchain records show the hacker, using wallet 5STkQy…95T7Cq, sent 60 SOL to another wallet, which then launched the QinShihuang token on Pump.fun. It seems the plan was to use the speedy, high-volume memecoins space to clean the stolen funds. But Pump.fun got there ahead of them and froze them from releasing more tokens.

The hack was huge—more than 400,000 ETH worth about $1.5 billion was stolen from a cold wallet, making it one of the biggest exchange hacks in history.Despite the uncertainty, Bybit had promised customers that their funds were secure through its 1:1 reserve system. Trading and withdrawals continued uninterrupted, which meant that they were not going to allow a hacker to interfere with business.

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As exchanges like Pump.fun upped their security, the bad guys are starting to lose places to hide.

Bybit Hacker Used Binance for Gas Fees Before $1.4B Heist

Summary: One new twist in the Bybit hack is that the hacker used Binance to fund gas charges just days prior to stealing $1.4 billion from the exchange. This raises questions about who the hacker is and if Binance’s records could be used to find them.

The Bybit hack just got even more interesting. It turns out the attacker used Binance to top up Ethereum for gas fees three days before pulling off the $1.4 billion exploit. This detail was uncovered by blockchain analytics firm Lookonchain, adding a new layer to the investigation.

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The fact that the hacker interacted with Binance means there’s a chance their identity could be traced. Security experts at Beosin are urging Bybit to contact Binance to access KYC (Know Your Customer) data linked to the transaction. If the account is legit, it could be a major break in the case.

That said, there’s a high probability the Binance account was purchased on the dark web meaning fake credentials were used, making it a dead end. Only a police investigation, with cooperation from both Bybit and Binance, can confirm if this lead is useful.

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The hack was particularly on Bybit’s Ethereum cold wallet, which emptied 401,347 ETH. The market repercussions are already being experienced, with the price of Ethereum dipping 6% once the news emerged. Everyone is now waiting for Binance and whether their data can be utilized to track the hacker.

Kanye West Announces Plans to Create His Own Blockchain

Kanye’s diving into crypto, planning “YZYCHAIN,” but backlash hit after he mentioned “Swasticoin.” Token drop next week—70% for himself.

Kanye West is back in the headlines, and this time it’s all about crypto. Ye just announced plans to launch his own blockchain, supposedly called YZYCHAIN, aiming to build his own digital empire instead of relying on existing platforms.

He dropped the news on X, sharing texts from someone named Edward, who hyped him up, saying he’s got the influence to make it happen. The idea? Fork Solana or Dogecoin and let users mine tokens to power the network.

But things got messy real quick. Ye went off on memecoins, calling them fake, and then suggested launching a token called “Swasticoin”—which, yeah, is as bad as it sounds. This sparked major backlash, especially given his history of controversial takes.

Ye’s been checking out different blockchains like Ethereum, Solana (which he spelled “Solona”), BNB Chain, and Hyperliquid. He also tried linking up with Binance co-founder CZ, who just hit him with a thinking emoji.

Word is, Ye’s dropping a token next week, with 70% of the supply going straight to him. Whether this actually happens or is just another wild Ye moment, only time will tell.

Also Read: Breaking: Bybit Hit by Massive Hack, $1.5 Billion in Crypto Stolen

Breaking: Bybit Hit by Massive Hack, $1.5 Billion in Crypto Stolen

One of the largest crypto exchanges, Bybit, has just experienced a massive security breach. Hackers were able to withdraw an estimated $1.5 billion from the platform’s Ethereum cold wallet, leaving the crypto community stunned.

The attackers deployed a sneaky tactic—forging the signing process of the wallet with an imposter yet realistic user interface. The signers of the wallet were viewing what appeared to be a routine transaction, yet embedded in code was a changed smart contract providing the hacker total control.

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Bybit CEO Ben Zhou confirmed the attack, stating that hackers tricked the exchange into approving a transaction that transferred all the ETH in the cold wallet to an unknown address. “Rest assured, all other cold wallets are secure,” Zhou added, trying to calm users.

Even as the stolen funds get swapped and moved around, Bybit insists withdrawals are still working and no other wallets have been affected. The exchange is working with security experts and authorities to track the stolen assets and recover what they can.

Interestingly, blockchain security firm Cyvers Alerts had flagged suspicious activity involving Bybit’s wallets just before the hack. Now, the exchange is asking the crypto community for help in tracing the stolen funds.

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With another massive hack hitting the crypto world, traders and investors are left wondering—how safe is their money?

Vitalik Buterin Frustrated with Ethereum’s Growing Casino Culture

Not happy with the direction of Ethereum, according to Vitalik Buterin. He was speaking during an AMA on Tako, where he admitted to be disappointed by the embrace blockchain casinos and memecoins have found in the Ethereum community.

When asked if he ever felt let down by the Ethereum Foundation or crypto in general, his answer was simple: “Of course.” No one was shocked when he spoke of issues ranging from people thinking Ethereum should fully embrace gambling and speculative assets to throwing shade at Solana, which has been flooded with memecoins over the past year.

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Some Ethereum supporters argue that ignoring trends like casinos and meme tokens could make Ethereum lose ground to faster-growing blockchains like Solana. But Buterin isn’t convinced. He believes chasing hype would be a “moral reversal” for Ethereum, and if things keep going this way, he might reconsider his role in the ecosystem.

Despite his frustration, he noticed something interesting. Online, people seem obsessed with casinos and quick-money trends, but when he talks to the community in person, their values haven’t changed. That’s what keeps him from walking away.

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As Ethereum competes with other blockchains, the debate continues—should it chase trends like gambling and memecoins, or stay focused on building meaningful applications?

Ethereum Gas Fees Hit Record Low, Dropping to $0.40

Ethereum gas fees have fallen to their lowest point since July 5 years ago, reaching as low as $0.40 in the last week. It takes about $0.70 for a straightforward swap on Uniswap, while USDT transfer is as cheap as $0.11, based on Etherscan data.

The drop coincides with Ethereum undergoing critical network upgrades like increased gas limits and the inclusion of blob transactions. Lower fees usually mean less congestion, making it cheaper to use the network.

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At the same time, Ethereum’s price has been struggling. ETH is currently trading at around $2,800, down 15% in the past month, according to CoinMarketCap. Some experts see this as a temporary slowdown before a bigger move.

“When Ethereum fees are this low, it usually means the network isn’t overcrowded,” says Santiment, a market analytics firm. “Reducing gas prices is a bearish indicator of waning activity for some, but it also creates a chance for new users to come into the market.”.

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With transaction costs hitting record lows, it’s becoming cheaper to employ Ethereum-based services and applications. While investors see this as a signal that something is off, others believe it could lead to a new wave of adoption and bring new traffic into the network.

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