The two biggest DeFi exploits of the last two months have one thing in common. They used a tool that does not exist on the XRP Ledger. Thorchain lost approximately $10.8 million on May 15 due to a cross-chain attack that drained funds from Bitcoin, Ethereum, BSC, and Base. Drift Protocol, a decentralized perpetual exchange […]
XRP Ledger design blocks flash loan attacks costing DeFi hundreds of millions Read More »
The U.S. Securities and Exchange Commission (SEC) has sued Nathan Fuller, a Texas resident, alleging that he raised approximately $12.3 million from approximately 150 investors through a crypto investment scheme built around false claims about AI-powered trading robots, guaranteed returns and insurance protections. According to a complaint filed in the U.S. District Court for the
The United States has seized about $1 billion in cryptocurrency linked to Iran, Treasury Secretary Scott Bessent said, describing the action as part of a broader campaign to cut off funding channels used by Tehran. Speaking in an interview on Fox Business, Bessent said US authorities had “seized the wallets” and seized the Iran-linked cryptocurrency.
Traditional financial institutions are preparing to move billions of dollars of assets onto the chain, but the risk of hacks and exploitation is holding them back, according to Ronghui Gu, CEO of blockchain security firm CertiK. “Right now, more and more institutions are trying to move assets on-chain,” Gu told CoinDesk in an interview. “They
Why AI Hackers Are Blocking Big Banks From Blockchain Read More »
The crypto market is struggling, competitors are falling on hard times or pivoting to other areas, while Binance prepares to grow its active user base tenfold to 3 billion by 2030, Catherine Chen, head of VIP and institutions, told CoinDesk in an interview. “It’s true, the market is going through a tough time,” Chen said.
Binance targets 3 billion users by 2030 in a market it says is facing tough times Read More »
Hyperliquid (HYPE), a decentralized trading platform that started as a perpetual cryptocurrency futures exchange less than three years ago, is increasingly seen by Wall Street analysts as a broader financial infrastructure play that could challenge parts of traditional exchanges and derivatives markets. In a new report, Grayscale described Hyperliquid as a fast-growing blockchain-based platform that
Grayscale says Hyperliquid could become a ‘financial services juggernaut’ Read More »
Ripple Labs is reportedly leading an effort to raise at least $1 billion for a new public market vehicle that would accumulate XRP, according to Bloomberg, testing whether digital asset cash trading still works beyond bitcoin. The raise would be carried out through a special purpose acquisition company, according to the report cited by people
Ripple Reportedly Leading $1 Billion XRP Cash Raise Read More »
The S&P 500’s longest weekly winning streak since 2023 and Brent crude hovering near $92 on hopes for a U.S.-Iran ceasefire failed to take down bitcoin BTC$73,473.57 and ether (ETH) higher, with the two largest cryptocurrencies ending the week down nearly 3%, as cooling Bitcoin ETF inflows reinforced the pullback. The S&P 500 posted its
Bitcoin, Ether, XRP and Dogecoin lag nine-week stock market rally as ETF demand cools Read More »
Venture capitalist who spent a decade backing deep tech and quantum hardware startups says bitcoin BTC$73,470.49 the industry is obsessed with the bad half of the quantum problem, wallet keys instead of the encrypted messages that already flow between exchanges, bridges and custodians today. “The most dangerous vulnerability in the financial system lies not in
JPMorgan Chase CEO Jamie Dimon again sharply criticized Coinbase CEO Brian Armstrong on Friday and warned that the latest version of the Clarity Act could ultimately fail if lawmakers do not address traditional banks’ concerns over stablecoin regulation. In an interview with Maria Bartiromo on Fox Business, Dimon appeared frustrated with the direction of the
JP Morgan’s Dimon intensifies battle over stable rewards in CLARITY Act debate Read More »
