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Bitcoin Climbs 7.7% as Investor Optimism Builds for Trump Tariff Relief

Bitcoin’s price gained 7% early Wednesday, trading just below $90,000, as investor optimism grew that punishing U.S. tariffs on Canada and Mexico could be avoided. At the time of writing, Bitcoin is trading for $89,970.57 after having gained 7.7% in the past day. Meanwhile, Ethereum’s price has recovered 6.1% to send ETH above $2,200, according to CoinGecko data. Late last…

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Bybit asks DAO to return fees earned from hack transactions
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Bybit asks DAO to return fees earned from hack transactions

Bybit confirmed it was behind a proposal requesting that decentralized finance (DeFi) protocol ParaSwap return fees earned from swaps conducted by the Lazarus Group using digital assets stolen from the exchange. On March 4, a proposal was posted on ParaSwap’s decentralized autonomous organization (DAO) forum asking to freeze and return 44.67 Wrapped Ether (wETH), worth almost $100,000, to a wallet…

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Animoca Brands revenue climbs as AI cuts costs by 12%
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Animoca Brands revenue climbs as AI cuts costs by 12%

Animoca Brands reported $314 million in bookings for 2024, marking a 12% year-over-year increase. Bookings is a term commonly used in the gaming sector to represent the sum of revenue and deferred revenue. It includes all payments received and potential sales based on contracts not yet fulfilled.  According to Animoca Brands, its Digital Asset Advisory (DAA) business accounted for $165…

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Bybit asks DAO to return fees earned from hack transactions
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Bybit asks DAO to return fees earned from hack transactions

Bybit confirmed it was behind a proposal requesting that decentralized finance (DeFi) protocol ParaSwap return fees earned from swaps conducted by the Lazarus Group using digital assets stolen from the exchange. On March 4, a proposal was posted on ParaSwap’s decentralized autonomous organization (DAO) forum asking to freeze and return 44.67 Wrapped Ether (wETH), worth almost $100,000, to a wallet…

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Tether USDt custody and transfers ‘not restricted’ under MiCA — ESMA
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Tether USDt custody and transfers ‘not restricted’ under MiCA — ESMA

The European Securities and Markets Authority (ESMA) has added new comments on the status of stablecoins that do not comply with the Markets in Crypto-Assets Regulation (MiCA), adding to the ongoing uncertainty around their classification and use. On March 3, Binance announced plans to delist nine non-MiCA-compliant stablecoins, including Tether’s UDSt (USDT), for users in the European Economic Area (EEA).…

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