Boltz, a company that lets people move bitcoin between the main blockchain, the Lightning Network, and the Liquid sidechain, shut down all of its swap services on Aug. 3 after months of automated attacks it said were increasingly powered by artificial intelligence (AI). The timing rattled bitcoiners because the disclosure landed almost alongside the Coldcard …
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Blackrock has introduced two tokenized money market products aimed at institutional investors and stablecoin issuers. The funds combine blockchain-based ownership records with portfolios of cash and short-term U.S. government debt. Blackrock Targets Stablecoin Reserves With 2 Onchain Funds Blackrock is pushing tokenization deeper into the financial system’s cash layer with two money market products designed …
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A financial software provider is preparing to distribute millions of dollars to consumers impacted by a data security incident. The company has agreed to the $5.5 million class action resolution in federal court, reports Claim Depot. The underlying lawsuit alleged inadequate protection of sensitive files at Doxim Inc., a Michigan-based third-party service provider serving credit …
Galaxy said that at least 15 different attackers have exploited the Coldcard vulnerability, which may have been avoided with just $2 worth of AI hardening, according to Dragonfly’s managing partner. At least 15 different attackers have exploited the Coldcard vulnerability, according to Galaxy Digital’s head of research, Alex Thorn, citing new victim reports received since …
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Illinois residents are pursuing a massive class-action lawsuit against Apple over facial recognition features in the Photos app. The case alleges unauthorized collection of biometric data from users’ photos, reports AppleInsider. Plaintiffs claim the app scans faces to generate unique identifiers that help organize images and identify device owners. These identifiers are stored locally on …
Monday’s announcement that Texas Governor Greg Abbott set a moratorium on approval of ERCOT-linked data centers pending an audit won’t impact miners’ approved electricity contracts. Bitcoin miners with operations in Texas are not expected to be impacted by a moratorium on approval of data center projects connected to the state’s grid operator ordered by Governor …
Continue reading “Texas electric grid moratorium won’t have big impact on BTC miners: Bernstein”
XAUt added to its bullion backing during gold’s worst quarter since 2013, as tokenized commodity holder counts continued to rise. The physical gold reserves backing Tether Gold (XAUt) increased 9.5% in the second quarter, which Tether said reflected growing demand for tokenized gold exposure. Gold fell 14.1% during the quarter, its worst quarterly performance since …
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Italy’s largest bank Intesa Sanpaolo increased its staked Ether ETF position to $7.1 million while reducing its holdings in two spot Bitcoin ETFs. Intesa Sanpaolo, Italy’s largest banking group, tripled its position in an iShares staked Ether exchange-traded fund during the second quarter while reducing its position in the iShares spot Bitcoin ETF. The bank …
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The CNBC personality said he’ll sell his Bitcoin holdings due to fears about quantum computing, as some cryptocurrency investors celebrated, referencing the popular “inverse Cramer” meme. Former hedge fund manager and CNBC “Mad Money” host Jim Cramer said he plans to sell all his Bitcoin due to quantum computing fears. “I’m going to sell mine …
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Mysten Labs (the development entity behind SUI) co-founder Evan Cheng says every digital payment on the internet will run through Sui within four years, and the network’s 2026 numbers are already backing up the bet. A Four-Year Timeline for the Whole Internet Cheng’s prediction is a sweeping one, i.e. within four years the volume of …
Continue reading “Sui Moved $65 Billion for Free. Its Co-Founder Bets Bigger Things Are Coming”
The National Sheriffs’ Association is renewing its opposition to the CLARITY Act’s decentralized finance (DeFi) provisions, and the Blockchain Association says the law enforcement group has it backwards. A Renewed Warning From Law Enforcement The National Sheriffs’ Association sent a letter to Senate Majority Leader John Thune and Democratic Leader Chuck Schumer warning that the …
Continue reading “Law Enforcement Says CLARITY Act Aids Criminals. Industry Says They’re Wrong”
The Coldcard hardware wallet hack has grown to $116 million (potentially more) across four separate waves, and Coinkite says the last three days have been among the hardest in the company’s history. Four Waves in Four Days What started as an estimated $30 million theft has more than tripled in less than a week. Bitcoin.com …
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Senate Majority Leader John Thune says he still expects a floor vote on the CLARITY Act this week, even as the chamber has just four legislative days left before its August recess. A Vote “This Week,” Again Thune’s latest comments repeat a promise he has made and walked back before. As recently as July 23, …
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Michael Saylor is comparing Strategy to Wall Street’s biggest bank, just weeks after JPMorgan itself warned that Strategy’s bitcoin sales policy could rattle the market. A Bold Comparison, Days After a Warning Saylor’s post landed as a short, declarative line stating that “Strategy is the JPMorgan” of the crypto economy. No thread, no chart, no …
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European and U.K. financial institutions are investing heavily in digital asset infrastructure, but regulation is shaping their priorities in different ways. Continental firms are building within an established framework, while U.K. companies are preparing for rules still taking shape. UK Firms Plan 59% New Digital Asset Funding as Rules Take Shape European and United Kingdom …
Continue reading “Fireblocks Says 99% of EU Firms Back Crypto Rules as Funding Accelerates”
