Cena ZeroLendZERO

Cameron Winklevoss, co-founder of crypto exchange Gemini, has urged lawmakers to enact crypto regulations that protect the industry from federal overreach. In a March 4 statement on X, Winklevoss claimed that regulatory enforcement actions have been weaponized to stifle crypto innovation. He argued that agencies are being used against digital assets for political purposes, calling for legal protections to prevent politically motivated enforcement actions. Any future crypto legislation must make it very hard to weaponize federal agencies against crypto. Crypto needs rules, not because investors lack protection but because builders and companies lack protection — we need a firewall against federal regulatory attacks. This should be… Winklevoss criticized Senator Elizabeth Warren, alleging that she has influenced the U.S. Securities and Exchange Commission to undermine the crypto sector through excessive enforcement actions. He warned that Warren could extend similar influence over the Commodity Futures Trading Commission and other financial watchdogs in the future. He expressed concerns that agencies such as the SEC and CFTC could be leveraged by political figures to push an anti-crypto agenda. Drawing parallels with Warren’s past actions against banks and fintech companies, he emphasized the need for a “zero trust model” in dealing with regulators. Senator Elizabeth Warren’s previous anti-crypto actions , including her most recent scrutiny of Tether’s banking relationships with President Donald Trump’s nominee for Commerce Secretary, Howard Lutnick, are indicative of a broader pattern that could extend to other financial regulatory bodies, Winklevoss fears. Winklevoss also voiced distrust toward financial regulators, claiming that anti-crypto policymakers have infiltrated regulatory agencies and are using their power to push political agendas rather than ensure fair oversight. He specifically referenced SEC Chair Gary Gensler, who previously served as CFTC chairman from 2009 to 2014, suggesting that regulatory agencies could be influenced by political ideologies, posing risks to crypto entrepreneurs and businesses. This perspective aligns with broader industry sentiments regarding regulatory scrutiny. For instance, the SEC’s recent decision to drop its case against Gemini and a host of other crypto platforms was seen as a positive development by Winklevoss, who has previously criticized regulatory actions against crypto platforms. Additionally, Gemini’s recent achievement of securing in-principle approval for an Investment Firm License in Malta signifies the company’s commitment to complying with international regulatory standards, further emphasizing the importance of clear and fair regulations. Moreover, Winklevoss’s stance mirrors the crypto industry’s broader concerns about potential “debanking” practices targeting crypto-related businesses.

After previously suggesting that Bitcoin might transition to a hybrid proof-of-stake model as its role in national reserves grows, Solana co-founder Anatoly Yakovenko has now sparked debate by asserting that Bitcoin lacks intrinsic value, viewing it primarily as crisis insurance, as CNF detailed in a recent report. Yakovenko argues that Bitcoin serves as a safeguard against the unlikely collapse of a global superpower, estimating a 1% annual probability for such an event. Consequently, he suggests that allocating 1% of one’s wealth to Bitcoin is more of a precautionary measure rather than a traditional investment. Yakovenko’s perspective reframes Bitcoin not as a vehicle for generating returns, but as a protective asset in extreme geopolitical scenarios. In a recent post on X, he stated : BTC has no value. In the best light, it’s insurance. Based on my lifetime priors, there is a 1% chance a superpower will collapse in any given year. It’s worth it for me to spend 1% of my wealth on some asset that might not go to zero in that environment. He further emphasized that Bitcoin’s effectiveness as insurance remains constant, whether its market price is $10,000 or $100,000, while also cautioning that its success in such scenarios is not guaranteed. The cryptocurrency community remains divided on Bitcoin’s function as a hedge against economic instability. Some experts argue that Bitcoin’s high volatility and correlation with traditional stock markets diminish its reliability as a safe-haven asset during economic downturns. Conversely, others advocate for Bitcoin as a hedge against currency debasement, suggesting that institutions allocatea portion of their assets to BTC to mitigate risks associated with excessive government spending. In the same X post, Yakovenko added : It’s not an investment, it’s a cost, and there is no guarantee it will work. It’s as good at doing that at $100k as it is at $10k. If it works, it has very little to do with technology outside of the initial innovation that happened 15 years ago. According to Barron.com, recent market trends reflect the ongoing debate about Bitcoin’s value proposition. Since President Donald Trump took office on January 20, 2025, gold has outperformed Bitcoin, with gold appreciating nearly 8%, while Bitcoin has declined by 24% from its peak of $109,000. This trend suggests that investors currently favor traditional safe-haven assets like gold amid economic and geopolitical uncertainties. Yakovenko’s characterization of Bitcoin as crisis insurance rather than a traditional investment challenges prevailing narratives about its intrinsic value. According to CoinMarketCap data, at the time of writing, Bitcoin (BTC) is trading at $92,394, reflecting a 7.53% surge in the past day, despite a 3.41% decline in the past week. See BTC price chart below.

Lazarus Group launders $138M from the $1.4B Bybit hack. Can regulations stop future attacks?The recent Bybit hack has rattled the cryptocurrency industry. Hackers stole an astounding $1.4 billion and are rapidly laundering their stolen funds. Security researchers, law enforcement agencies, and industry leaders are responding urgently to contain the damage. The FBI and blockchain analysts are tracking and attempting to block these illegal transactions. However, hackers keep exploiting security flaws on decentralized platforms. This breach has reignited concerns about weaknesses in crypto security. Some community members are now urging stronger protective measures and improved risk management strategies to prevent future attacks. Lazarus Group Lanunders Nearly 70% of Stolen Crypto The North Korean Lazarus Group hackers masterminded one of the largest crypto hacks in history and stole $1.4B. Now, Lazarus group launders these stolen funds. EmberCN, a crypto researcher, has analyzed this group’s movements and has presented his findings. According to him, in their latest move, the Lazarus Group has laundered 62,200 ETH worth $138 million. This brings the amount of laundered funds to a staggering 343,000 ETH. With this movement, the hackers covered nearly 68.7% of the 499,000 ETH stolen in the infamous attack. The crypto researcher EmberCN projects that based on the current rate, the total funds will be laundered within three days. Such development is happening despite the FBI’s efforts to curb these hackers’ progress. FBI Calls for Industry Action FBI crypto investigation led to the release of a public announcement and addressed the hacking operation as TaderTraitor. This announcement highlighted how Lazarus Group hackers behind TraderTraitor are distributing the stolen funds in thousands of wallets. Moreover, it also mentions how the hackers have turned the assets into Bitcoin and other assets. These assets are expected to be turned into fiat currency after Lazarus Group launders them. Image 1 – Provided by FBI, published on crypto.news, March 3, 2025 In this announcement, the FBI also asked private companies and RPC node operators for assistance in this case. They provided addresses that were linked to the hackers and their activity. Moreover, the blockchain analytic firm Elliptic has also helped with the tracking process and has marked 11,000 wallets. As such, the FBI asked exchanges and other asset service providers to block any connection to these wallets and addresses. What Went Wrong at Bybit? According to Chainalysis, despite the FBI crypto investigation, the hackers have used various services without KYC requirements to hide their trail. They have used instant swap platforms, cross-chain services, and decentralized exchanges to launder the stolen assets. This incident has also caused discussions among crypto enthusiasts and the community about the security of crypto platforms. The release of a forensic review by Bybit also pinpointed the cause of the safe wallet system, further igniting the discourse. The founder of the decentralized data storage network AR.IO, Phil Mataras, highlighted the importance of tamper-proof storage in mitigating hack impacts. Louis Bellet, a lead architect in a decentralized network, also mentioned how the industry needs stronger security systems. The CEO of Panther Protocol stated that the hack was caused by poor management rather than a flaw in centralized exchanges. He added that it was shocking that Bybit was not using air-thigh security systems. Moreover, he said it is inexcusable for the safe wallet to allow for such security vulnerability. How Digital Assets Can Be Made Safer In the future, Regulators may impose stricter rules on exchanges and decentralized platforms to prevent hacker exploitation. AI-driven security systems and stronger KYC/AML enforcement could become standard to counter cyber threats. Advancements in quantum computing and zero-knowledge proofs might transform security measures, making asset laundering harder for hackers. Authorities and developers will likely collaborate to close loopholes and enhance protection against cyberattacks. The future of digital asset security depends on proactive innovation and global cooperation. The post Bybit Hack: Lazarus Group Launders $138 Million as Crypto Security Fears Grow appeared first on Coinfomania.

Zero, everything, now, immediately

Fed receives ZERO bids in overnight repo operation. No bids people.