Canadian billionaire Frank Giustra questioned the first cryptocurrency’s status as a haven. He argued the coin is far easier to confiscate than precious metals, making digital-asset investing risky. Bitcoin much easier to confiscate than gold. Witness the much hyped Government Bitcoin Reserve- it’s made up solely of seized BTC . That alone should give investors […]
Hackers have breached the decentralized project Makina Finance, extracting approximately $5 million from a stablecoin pool, according to CertiK. #CertiKInsight 🚨 We have seen an exploit on @makina; the Dialectic USD/USDC Stableswap pool has been manipulated and drained for approximately $5M, with the majority, $4.14M, going to an MEV builder address.https://t.co/rgLjDVuqzD Stay Vigilant! — CertiK […]
Glassnode analysts report an improving backdrop in the spot market for the leading cryptocurrency. Trading volumes are rising and selling pressure is easing. $BTC has pulled back from recent highs of $98K, slipping back into the low-$90Ks. Momentum has cooled but remains above neutral, pointing to consolidation rather than trend deterioration. Read more in this […]
The Reserve Bank of India (RBI) has advised the government to include a proposal for linking the CBDCs of BRICS member countries in the summit agenda. This was reported by Reuters, citing its own sources. The initiative aims to simplify cross-border trade and payments in tourism and could reduce dependence on the US dollar. The […]
The decentralized perpetual contracts exchange Paradex confirmed a rollback of its network to block 1,604,710 following a disruption. The incident resulted in the platform’s main services being down for approximately eight hours. According to the team, the issue arose during database maintenance. Due to an error, the price of Bitcoin on the platform momentarily dropped […]
The New York Stock Exchange (NYSE) has announced the development of a platform for trading and on-chain settlement of tokenized securities. The launch of the platform is contingent upon regulatory approval. The new service will provide 24/7 trading access, instant settlements, and the ability to place orders in dollar equivalents. It will support operations financing […]
Ethereum co-founder Vitalik Buterin has urged the crypto community to develop more advanced and efficient DAOs. We need more DAOs — but different and better DAOs. The original drive to build Ethereum was heavily inspired by decentralized autonomous organizations: systems of code and rules that lived on decentralized networks that could manage resources and direct […]
Nearly 80% of cryptocurrency projects cease to exist following major attacks, according to Mitchell Amador, CEO of the Web3 security platform Immunefi, in a statement to Cointelegraph. He attributes the collapse primarily to “managerial chaos and loss of trust,” rather than the direct loss of funds. Upon discovering a vulnerability, most teams become paralyzed, unaware […]
The prohibition on “stablecoins” offering yields in the Clarity Act places the US dollar at a disadvantage compared to China’s digital yuan, according to Anthony Scaramucci, founder of SkyBridge Capital. The whole system is broken: The Banks do not want the competition from the stable coin issuers so they’re blocking the yield in the meantime […]
Bitcoin returned to $95,000; in the US, the Clarity Act review was postponed; New York’s former mayor launched a scam token; Belarus signed a law on crypto banks—and other events of the week. Bitcoin’s recovery The past seven days were favourable for bitcoin and the wider crypto market. The rally began on Monday as the […]
