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Tether strengthens security commitment with successful SOC 2 Type 1 Audit
2.4.2024
Tether successfully goes through the System Organization Control (SOC) Audit Type 1, turning it into a complete safety compliance business. Though it is the first stage, it speaks volumes about the attitude of the company towards safety issues. The audit comes under the gold standard category...
Coinbase’s Alesia Haas explores ETH’s security stature and FTX-related trust-building
2.4.2024
In an interview with Fortune, Coinbase’s Chief Financial Officer, Alesia Haas, gave a sneak peek into what the future of finance might look like, both for Coinbase and the world of cryptocurrency. Under the direction of CEO Brian Armstrong, Coinbase has consistently expanded its empire in...
Exclusive: Ant Group’s ZAN Becomes Core Chain’s Validator to Fortify Blockchains’ Security in Asia-Pacific
2.4.2024
Ant Group’s Web3 security solutions provider ZAN has become a validator on Core Chain – EVM-compatible blockchain secured on Bitcoin.
The post Exclusive: Ant Group’s ZAN Becomes Core Chain’s Validator to Fortify Blockchains’ Security in Asia-Pacific appeared first on Cryptonews
Blockchain Sleuth Warns About Unrevealed ‘Critical Flaws’ in Ethena
2.4.2024
Tardfiwhale, a pseudonymous blockchain sleuth who predicted the fall of Luna and UST, has warned about critical flaws in Ethena, a rising blockchain synthetic dollar stablecoin protocol. Tardfiwhale is asking for donations to certain entities before revealing these alleged flaws, as Ethena has...
48 US Lawmakers Ask SEC Chair Gensler to Clarify Whether ETH Is a Security — Warn of ‘Negative Repercussions’
1.4.2024
Forty-eight U.S. lawmakers have sent a letter to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler asking him to clarify whether ether is a security. “The negative repercussions of the SEC implicitly or directly classifying ETH as a digital asset security will cascade...
Composable Data Assists Dapp Developers in Unlocking Rich Data Applications – Swaroop Hegde
1.4.2024
Composable data, a flexible and modular approach in the field of data analytics, benefits decentralized application (dapp) developers constrained by the limitations of current data protocols. Swaroop Hegde, co-founder of Powerloom, explains that composable data maintains a decentralized database...
Prisma Finance Works Toward Exploit Recovery, $540K Vulnerable
1.4.2024
Prisma Finance addresses the recent security breach of $11.6 million with a recovery strategy and measures aimed at protecting $540,000 in user funds still vulnerable.
The post Prisma Finance Works Toward Exploit Recovery, $540K Vulnerable appeared first on Cryptonews
Ethena Labs’s Fake ENA token Exploited on Binance Draining $290K: Report
29.3.2024
A fake version of Ethena (ENA) token has been exploited for 480 BNB worth $290,000, on-chain security firm PeckShield flagged on X.
The post Ethena Labs’s Fake ENA token Exploited on Binance Draining $290K: Report appeared first on Cryptonews
$62 Million Munchables Hack: Rogue Developer Returns All Funds, No Ransom Demanded
29.3.2024
Web3 gaming app, Munchables, announced on March 27 that an individual who exploited the system agreed to return the stolen funds without a ransom demand. This announcement came just hours after a former developer siphoned off more than 17,400 ethereum coins by gaining access to the Munchables lock...
Prisma Finance Suffers $11.6M Hack in Liquid Staking Shockwave, Moves to Mitigate Fallout
28.3.2024
The decentralized finance (defi) entity, Prisma Finance, has fallen prey to a security breach, with onchain detectives revealing that $11.6 million has been pilfered from its liquid staking protocol. Prisma Finance in Turmoil: $11.6M Lost to Hackers, Emergency Measures Activated On a recent...
BlackRock CEO Bullish Bitcoin Says ETH ETF Still Possible Even if SEC Brands ETH Security
28.3.2024
BlackRock CEO Larry Fink said he is “bullish on the long term viability of Bitcoin” and thinks an ETH exchange traded fund (ETF) may still be possible even if the U.S. Securities and Exchange Commission (SEC) brands ETH a security.
The post BlackRock CEO Bullish Bitcoin Says ETH ETF Still Possible...
BlackRock's Fink Says an Ether ETF Is Possible Even if ETH Is a Security
27.3.2024
BlackRock CEO Larry Fink isn't worried about the U.S. Securities and Exchange classifying Ethereum's ether as a security
Hedera Network: Powering DeFi with speed, security, and global governance
27.3.2024
Provides an optimized Besu EVM for smart contracts. Offers a native tokenization service and a high-throughput data writing and verification service. The Hashgraph Consensus Algorithm offers impressive capabilities regarding high throughput, fair ordering, and low-latency consensus. It...
House Republicans Demand SEC Clarify Its Position Regarding Prometheum
27.3.2024
House Republicans have written a letter to the U.S. Securities and Exchange Commission (SEC) urging for clarity regarding Prometheum and whether Ethereum is considered a security.
The post House Republicans Demand SEC Clarify Its Position Regarding Prometheum appeared first on Cryptonews
What Happens if the SEC Brands ETH a Security?
26.3.2024
The status of Ethereum is in limbo – currently Eth is not considered a security by the U.S. Securities and Exchange Commission (SEC) -- but this could all change very quickly.
The post What Happens if the SEC Brands ETH a Security? appeared first on Cryptonews
Iceland’s Prime Minister Vows to Prioritize Food Security Over Bitcoin
26.3.2024
Iceland’s Prime Minister Katrín Jakobsdóttir has vowed to focus more power on producing food internally while reducing the energy expenditure in data centers and bitcoin mining. Jakobsdóttir stated that while the country was working to achieve carbon neutrality, bitcoin and cryptocurrencies...
Philippines Blocks Binance, Citing Threat to Security of Investor Funds
26.3.2024
The Philippines has proceeded to block crypto exchange Binance. The country’s Securities and Exchange Commission (SEC) has concluded that the public’s continued access to Binance’s websites and apps “poses a threat to the security of the funds of investing Filipinos.”...
Senator Elizabeth Warren Criticizes Crypto, Claims It Threatens U.S. Security and “Helps Terrorists
25.3.2024
Senator Elizabeth Warren (D-MA) criticized North Korea’s crypto usage and the rise of crypto “pig butchering” scams at a Thursday hearing of the Senate of Armed Services, claiming that cryptocurrency as a whole poses “a threat to our national security.” Warren has long been openly anti-crypto...
Saudi Investors Barred from FTX’s Anthropic Stake Sale Over National Security Concerns
23.3.2024
AI startup Anthropic will not accept investments from Saudi Arabia in the sale process of 8% of its shares as part of FTX's bankruptcy proceedings.
The post Saudi Investors Barred from FTX’s Anthropic Stake Sale Over National Security Concerns appeared first on Cryptonews
UN Report: Crypto Crime Provided North Korea up to Half of Its Foreign Currency Income
23.3.2024
A report issued by a United Nations panel of experts has concluded that cyber crypto heists have provided 50% of the foreign currency income for North Korea since 2017. The report indicated that North Korean actors have been linked to 17 theft and hack events involving over $750 million in 2023...