Hyperbridge Acknowledges $2.5 Million Loss in Polkadot-Ethereum Bridge Hack, Far Exceeding Initial Estimates
The breach at Hyperbridge that led to the minting of one billion wrapped Polkadot (DOT) tokens was far more damaging than initially disclosed, according to Hyperbridge’s team. The original loss…
Tokenization’s Progress: From Idea to Implementation
Marcin Kazmierczak from Redstone explores tokenization’s journey from concept to allocation in the latest newsletter. Kieran Mitha addresses investor queries about tokenized investments in “Ask an Expert.” The focus now…
Bitcoin Falls Below $74,000 Amid Failed Attempt to Sustain Higher Levels
On Thursday morning in the U.S., Bitcoin (BTC) quickly retracted from its gains and fell below $74,000, declining by 2% within minutes. This drop occurred as it once again struggled…
Navigating New Waters: How U.K.’s Crypto Regulations Could Catch Some Unawares
The U.K.’s Financial Conduct Authority (FCA) has proposed new crypto regulations that might unexpectedly extend the definition of custody, potentially bringing platforms and software providers under its purview even if…
French Authorities Rescue Mother and Son After $400K Crypto Ransom Incident
In a violent crime targeting cryptocurrency entrepreneurs in France, a mother and her 11-year-old son were kidnapped from their Burgundy home on Monday. The ransom demand focused on the father’s…
Snap Inc. Announces Layoffs and Cost-Saving Measures Amid AI Integration
In a significant move, Snap Inc., the parent company behind Snapchat, announced on Wednesday that it will lay off 1,000 employees—approximately 16% of its workforce—as part of a strategic restructuring…
VerifiedX Enhances Bitcoin with New Privacy Layer Amidst Rising Institutional Interest
The drive to incorporate privacy into public blockchains has reached Bitcoin, thanks to VerifiedX’s new layer that secures transactions while ensuring they remain auditable. Named Prism, this system allows for…
Ethereum (ETH) Declines by 1.3% Amid CoinDesk 20 Index Drop
CoinDesk Indices provides its regular market update, showcasing the performance fluctuations within the CoinDesk 20 Index. As of now, the CoinDesk 20 is valued at 2083.34, marking a decrease of…
High-Speed Crypto Data Infrastructure Emerges with DoubleZero for Solana
The DoubleZero Foundation has unveiled its latest platform aimed at providing trading firms with rapid access to cryptocurrency market data, reflecting the growing interest in Wall Street-like systems within digital…
Tether Invests $148 Million in Drift Protocol Amidst North Korean Exploit Recovery
Following a significant security breach attributed to a North Korean-linked group, Drift Protocol has announced plans to relaunch with Tether’s USDT as its settlement currency. The initiative is backed by…