Got scammed or worried about Bitcoin fraud? Learn how sharing your story with Chainabuse and Scamwatch can help protect you and others from falling victim. Chainabuse allows anyone to publicly share information with enforcement, helping make crypto fraud more transparent, but it’s not a confidential legal channel. Scamwatch helps raise public awareness about crypto scams in Australia and gathers reports to support national anti-scam efforts, but it does not investigate or take enforcement action. Even if funds can’t be recovered, reporting a Bitcoin scam can prevent someone else from falling into the same trap. Staying vigilant, avoiding suspicious links or promises of guaranteed returns and double-checking addresses can help protect your crypto. Read more
Bybit unveiled a major security overhaul following its $1.4 billion hack in February, with upgrades across audits, wallet protection and information security. Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has revealed a comprehensive security overhaul following its $1.4 billion hack in February. On Feb. 21, Bybit was hacked for over $1.4 billion in liquid-staked Ether (STETH), Mantle Staked ETH (mETH) and other ERC-20 tokens, making it one of the largest security breaches in crypto history. To bolster defenses, Bybit has implemented a three-pronged security upgrade, targeting security audits, wallet fortifications and information security improvements, according to a June 4 announcement shared with Cointelegraph. Read more
Sphera Franchise Group (stock symbol: SFG), the company that manages KFC, Pizza Hut and Taco Bell restaurants in Romania, continues its nationwide expansion strategy by opening a new KFC unit, in Retail Park Pitesti, located in Romania's town of Pitesti.
Hong Kong reportedly plans to permit crypto derivatives for professional investors and expand its fintech ecosystem. Hong Kong’s securities regulator aims to introduce digital asset derivatives trading for professional investors as part of a broader strategy to expand product offerings and reinforce the city’s role in the global digital asset market, local media reported. Christopher Hui Ching-yu, secretary for Financial Services and the Treasury, confirmed the move on June 4, according to a report by the English-language newspaper China Daily HK. The Hong Kong Securities and Futures Commission (SFC) said that priority will be given to sound risk management, with trades conducted “in an orderly, transparent and secure manner,” the report said. Read more
Crypto traders can use ChatGPT to decode crypto headlines and generate actionable trade setups — fast, flexible and surprisingly accurate (subject to human verification). ChatGPT can analyze crypto news headlines and generate actionable trade signals, helping traders make faster and more informed decisions. Well-crafted prompts are essential — the more specific your instructions, the more accurate and useful ChatGPT’s responses will be. News-based signals work best when combined with broader market context, like Bitcoin trends or altcoin momentum, for a complete trading picture. Read more