Bybit Recovers as Crypto Mass Adoption Moment Draws Close
If anyone’s looking for a story about resilience right now, then you should be looking at Bybit. I mean, it’s not every day that one gets to bounce back to pre-hack levels after a $1.4 billion exploit. Nothing really keeps a good exchange down.
Meanwhile, Bitcoin's taking a hit courtesy of our crypto president’s mixed signals regarding China tariffs. And for all you HODLers dreaming of real-world crypto use, Kraken and Mastercard are giving us a partnership that could be the "mass adoption moment" we've been waiting for, while New York might actually let you pay state fees with Bitcoin.
Are we about to experience the Empire State of Crypto?
Here are the Highlights:
- Bybit recovers market share to 7% after $1.4B hack
- Bitcoin Price Slides as Trump’s Weekend Tariff Messaging Jolts Crypto Markets
- Kraken Partners with Mastercard to Bring Bitcoin Payments to Over 150 Million
- New York Bill Proposes Letting People Pay State Fees With Bitcoin and Crypto
Bybit recovers market share to 7% after $1.4B hack
Bybit’s market share has rebounded to pre-hack levels following a $1.4 billion exploit in February, as the crypto exchange implements tighter security and improves liquidity options for retail traders. The crypto industry was rocked by its largest hack in history on Feb. 21 when Bybit lost over $1.4 billion in liquid-staked Ether (stETH), Mantle Staked ETH (mETH) and other digital assets. Despite the scale of the exploit, Bybit has steadily regained market share, according to an April 9 report by crypto analytics firm Block Scholes. “Since this initial decline, Bybit has steadily regained market share as it works to repair sentiment and as volumes return to the exchange,” the report stated.
Bitcoin Price Slides as Trump’s Weekend Tariff Messaging Jolts Crypto Markets
Bitcoin fell more than 2% on Sunday as digital assets struggled to find footing amid shifting signals from Washington on trade policy with China. The price of the world’s largest crypto slipped to $83,482 during Asia trading hours, partially reversing last week’s gains and underperforming relative to equity markets. Ethereum, the second-largest crypto, fell below $1,600, while altcoins posted mixed results, CoinGecko data shows. The drop followed a weekend of mixed messages from the Trump administration over whether Chinese-made electronics—including smartphones, semiconductors, and laptops—would face fresh tariffs.
Kraken Partners with Mastercard to Bring Bitcoin Payments to Over 150 Million
Mastercard has announced a landmark partnership with Kraken to enable real-world Bitcoin and crypto payments at scale across the UK and Europe. The collaboration aims to allow Kraken’s users to spend their digital assets at over 150 million merchants worldwide that accept Mastercard, marking a major step forward in the integration of Bitcoin into everyday commerce. “Mastercard is committed to driving innovation and expanding the possibilities of digital payments,” stated Scott Abrahams, Executive Vice President of Global Partnerships at Mastercard.
New York Bill Proposes Letting People Pay State Fees With Bitcoin and Crypto
The post New York Bill proposes letting people pay State fees with Bitcoin and Crypto appeared first on Coinpedia Fintech News New York could soon accept cryptocurrency such as Bitcoin and Ethereum as a means of payment for state-related services. A new bill, Assembly Bill A7788, was recently proposed by Assemblyman Clyde Vanel. The bill seeks to amend the existing law to permit New York state agencies to accept cryptocurrencies as payment. If the bill is passed, individuals might be able to use crypto to pay items such as taxes, fines, fees, rent, civil penalties, or any other financial responsibility owed to the state. The cryptocurrencies that are being listed in the bill are Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).
Other Highlights Worth Mentioning
SEC issues new guidance for crypto asset registration and reporting - Cryptoslate
DEX launches $20M trading competition to reward traders all year - Cointelegraph
Cybercriminals are Targeting Binance Users With a New Phishing SMS Scam - Beincrypto
Man Pleads Guilty to Submitting False Tax Returns Tied to $13M CryptoPunks Sales - Decrypt