The Management Association (MRA) is preparing to pay class members hundreds of thousands of dollars as part of a class action settlement over data breaches. The human resources management organization agreed to the settlement resolving claims from breaches discovered in July 2023 and January 2024, reports ClassAction.org. The lawsuit was launched because the association allegedly …
Category archives: Trending Crypto news
President Trump’s Bitcoin (BTC) Reserve Plan Encounters Interagency Hurdles
President Trump’s plan for a Strategic Bitcoin (BTC) Reserve has encountered complications from competing government departments. Two agencies are vying to oversee the initiative, raising questions about legal authority, reports Bloomberg. The reserve was ordered last year to position the US as the crypto capital of the world. It was intended to be housed in …
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Base to activate B20 standard for stablecoins, RWAs and other tokens
Base is scheduled to activate its B20 token standard on Wednesday at 6 pm UTC, allowing developers to begin creating native tokens on the network. Coinbase-backed Ethereum layer-2 network Base is set to activate its B20 token standard on mainnet, introducing a native framework for stablecoins, tokenized real-world assets (RWAs) and other fungible tokens. According …
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MediaFuse Rolls Out TechnologyWire, Bringing Tech Press Releases to Both Search Engines and AI Systems
MediaFuse, the company that runs the crypto and tech-focused press release service Chainwire, is moving into the wider technology industry with the launch of TechnologyWire. The new distribution network is built specifically for tech-sector announcements and forms part of MediaFuse’s growing distribution network, which includes Chainwire, CyberNewsWire, GamingWire and FinanceWire. MediaFuse CEO Nadav Dakner says …
EU to again vote to extend ‘chat control’ rules
So-called “chat control” rules could be revived in the EU, with lawmakers again set to vote on the legislation Thursday. EU lawmakers are set to vote again on controversial legislation dubbed “chat control” by its critics, which would allow tech firms to scan messages for child sexual abuse material. On Tuesday, the European Parliament voted …
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CFTC charges commodity, crypto pool operator with $14M fraud
The CFTC has launched a rare crypto-related enforcement action against a commodity pool operator that allegedly defrauded investors of more than $14 million. The US Commodity Futures Trading Commission has sued a North Carolina man, accusing him of operating a commodity pool featuring crypto that defrauded investors of more than $14 million. The CFTC’s lawsuit, …
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Secret Network cites AI exploit risks in proposed Arbitrum move
“The security risk is the part we take most seriously,” the team said, citing old code and AI exploit risks. Privacy-focused layer-1 blockchain Secret Network is proposing to move from its longtime home on Cosmos to Ethereum layer-2 Arbitrum, citing security risks from artificial intelligence, among other reasons. Secret Network has been running privacy-preserving smart …
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Strike launches ‘volatility-proof’ Bitcoin loans amid bear market, but at a cost
The cost of eliminating margin calls and forced liquidations is an interest rate as high as 14.2% and an obligation to pay on time, Strike CEO Jack Mallers said. Bitcoin financial services platform Strike has launched a “volatility-proof” Bitcoin-backed loan that eliminates margin calls and forced liquidations amid the depths of a bear market, but …
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SEC crypto rule changes are high on its 2026 agenda
The financial regulator’s agenda included proposed rule changes related to crypto broker-dealers, digital assets on national securities exchanges and potential safe harbors. The US Securities and Exchange Commission (SEC) announced proposed rule changes that its chair said would “help clarify the regulatory framework for crypto assets and provide greater certainty to the market” as part …
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Ether climbs toward $2K as Bitmine buys ETH, Robinhood L2 boost
ETH charts a path toward $2,000 as TradFi adoption, DAT buying and a long-awaited network upgrade boost investor interest. Key takeaways: Ether (ETH) price rallied 15% in five days, distancing itself from the $1,500 low hit on June 26. Part of the improvement in investor sentiment can be pinned to the final tests on Ethereum’s …
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Vanguard seeks digital assets chief after years of crypto skepticism
The asset manager is hiring a head of digital assets to lead its strategy for tokenization, stablecoins, blockchain infrastructure and client-facing products. Vanguard is hiring a head of digital assets to lead the asset manager’s strategy on tokenization, stablecoins, blockchain infrastructure and client-facing digital asset products, signaling a broader push into the sector after years …
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New Hampshire lawmakers to hold hearing on $100M Bitcoin bonds
The proposed bonds to be backed by cryptocurrency still need approval from New Hampshire Governor Kelly Ayotte and the state’s five-member executive council. The New Hampshire Secretary of State’s office announced that lawmakers would discuss issuing $100 million in bonds backed by Bitcoin (BTC) at a public hearing. In an update to the New Hampshire …
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Woman Admits To Stealing Over $3,000,000 in Washington State Bank Fraud Scheme
A woman in Washington State has pleaded guilty to charges of wire fraud and bank fraud in a scheme that defrauded victims of millions. The case involves a fake investment advisor who targeted the Korean community including many elderly people, says the U.S. Department of Justice (DOJ). Jenni Yoon Jeong Lee, 53, of Federal Way …
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Georgia-Based Bank Customers Targeted by Fake Fraud Prevention Text Messages
BankSouth is warning customers about fake text messages impersonating the bank’s fraud prevention department. The US bank says that the text messages claim an unrecognized device like an iPad requires a remote termination and include fake case numbers and temporary passwords. Several customers report receiving the text messages that are designed to appear “highly official” …
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$6,000,000 Drained From Crypto Platform In ‘Flash Loan’ Exploit
The Lazy Summer Protocol operated by Summer.fi has paused all vaults and set deposit caps to zero across networks after an active exploit was identified. According to the blockchain security firms PeckShieldAlert and CertiKAlert, the protocol has been exploited for around $6 million. CertiK says the hacker exploited the protocol’s flash loan smart contracts, enabling …
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