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Tangem Granted US Patent for Crypto Smart Ring Wallet


Swiss cryptocurrency hardware wallet manufacturer Tangem has been granted a U.S. patent for a ring-shaped device designed to store digital assets and sign blockchain transactions. Tangem Ring Wallet Patent Covers Secure Wearable Crypto Signing Patent number 12307443, issued by the United States...

Cork Protocol hacked for $12M, smart contracts paused


Cork Protocol, a decentralized finance (DeFi) platform, was hit by a smart contract exploit on May 28, resulting in the loss of roughly $12 million in digital assets.Cybersecurity firm Cyvers said the hack occurred at 11:23:19 UTC and was funded by an address ending in “762B.” According...

Cork Protocol hacked for $12M, smart contracts paused


Cork Protocol, a decentralized finance (DeFi) platform, was hit by a smart contract exploit on May 28, resulting in the loss of roughly $12 million in digital assets.Cybersecurity firm Cyvers said the hack occurred at 11:23:19 UTC and was funded by an address ending in “762B.” According...

Bold Technologies and My Aion launch $2.5B smart city AI platform


Abu Dhabi-based Bold Technologies, a subsidiary of conglomerate Bold Holdings, has partnered with international artificial intelligence firm My Aion to launch a $2.5 billion smart city initiative aimed at transforming urban infrastructure through AI.The companies announced the development of...

The crypto market values chains more than standalone applications


Opinion by: Hatu Sheikh, founder of Coin TerminalAlthough blockchains and DApps are critical, crypto industry stakeholders often prioritize applications based on adoption principles and revenue distribution. DApps won't function without their underlying chains. The markets must uphold blockchains...

Senate stablecoin vote splits Democrats amid concerns over corruption


US Senate Democrats are getting flak after they helped move stablecoin legislation ahead for discussion on the Senate floor.On May 19, 16 Democratic senators broke from the party line to pass a motion to invoke cloture, which will now set the bill up for debate on the Senate floor. Some of the same...

Robinhood proposes SEC rules for tokenized real-world assets


Robinhood submitted a 42-page proposal to the US Securities and Exchange Commission (SEC), calling for a national framework to regulate tokenized real-world assets (RWAs).The brokerage is seeking to modernize financial infrastructure by making tokenized assets legally equivalent to their...

Kraken expands in Europe with regulated crypto derivatives


Cryptocurrency exchange Kraken announced the launch of regulated derivatives trading on its platform under the European Union’s Markets in Financial Instruments Directive (MiFID II).According to a May 20 announcement, Kraken’s perpetual and fixed maturity crypto futures contracts will...

Circle co-founder to create ‘AI-native’ bank after $18M raise


Circle co-founder and Catena Labs CEO Sean Neville has launched a project that aims to develop a financial institution that natively leverages artificial intelligence. On May 20, Catena Labs, the company building an “AI-native financial institution,” announced that it secured...

German gov’t missed out on $2.3B profit after selling Bitcoin at $57K


The German government missed out on more than $2 billion worth of Bitcoin profit after selling its holdings in 2024, according to blockchain intelligence firm Arkham.A “German Government (BKA)” labeled cryptocurrency wallet sold 49,858 Bitcoin (BTC) worth over $2.89 billion at...

Avalanche-backed Fusion launches with $100M to boost blockchain adoption


Avalanche, Helix and Faculty Group have launched Fusion, a new blockchain ecosystem aimed at driving real-world adoption through modular infrastructure tailored to specific industries.Built on Avalanche, Fusion features a two-layer architecture that includes composers, customizable layer-1...

India’s Supreme Court urges government to regulate cryptocurrency


India’s Supreme Court questioned the government’s lack of regulatory clarity on cryptocurrencies despite imposing taxes on digital assets like Bitcoin.According to the Indian legal news outlet LawChakra, the country’s Supreme Court expressed concern over the increasing use...

Central banks testing smart contract toolkit under BIS Project Pine


Central banks are experimenting with smart contracts to implement monetary policy in tokenized environments, signaling a growing interest in integrating blockchain technology into traditional finance (TradFi).According to a joint research study by the Federal Reserve Bank of New York’s...

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