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Beosin and Cobo unite to tackle security & compliance challenges


Beosin recently announced its strategic partnership with Cobo. The blockchain security firm will see Cobo leverage Beosin KYT. The collaboration will result in the parties tackling Beosin’s compliance and security challenges. Beosin KYT, the virtual asset AML and analysis platform, will be...

Security Concerns Prompt Bitcoin Core Developer to Leave Lightning Network


Antoine Riard, a security researcher and developer, has announced his departure from the Lightning Network's development team, citing security issues and challenges that pose a threat to the Bitcoin (BTC) ecosystem.  In a discussion on the Linux Foundation's public mailing list, Riard expressed...

Blockchain Firm LBRY Ceases Operations, Cites Insurmountable Debt


Blockchain file-sharing and payment network, LBRY, announced the termination of its operations, citing "several million dollars" in debts owed to the SEC, its legal team, and a private debtor.... Read More: Blockchain Firm LBRY Ceases Operations, Cites Insurmountable Debt

FinCEN Targets Crypto Mixers Over Laundering and National Security Concerns


The U.S. Treasury Department’s Financial Crimes Enforcement Network, or FinCEN, this week proposed regulations aimed at increasing transparency around crypto mixing services. These services, the agency says, are used by terrorist organizations and state actors to obscure financial...

Fantom Foundation Faces Major Security Breach – $6.7 Million Lost


The Fantom Foundation, the team dedicated to building the Fantom network, has reportedly fallen victim to a hack that led to a significant loss of approximately $6.7 million worth of digital assets. On October 17, the Fantom Foundation encountered a hacking incident, as reported by on-chain...

TrueUSD's Client Data Exposed in Third-Party Security Breach


Stablecoin issuer TrueUSD recently fell victim to a third-party security breach that led to the exposure of personally identifiable information of some of its clients. According to screenshots posted on X of an email allegedly sent by TrueUSD to customers, the breach affected clients who were...

Trezor Wallets New Products Aim to Streamline Crypto for Beginners


Major crypto hardware wallet company Trezor has launched two new products, as well as a limited-edition Bitcoin wallet to celebrate its 10th anniversary - the latter of which sold out in a day. The company launched its new Trezor Safe hardware wallet and the physical seed phrase store Trezor Keep...

Mastercard Demonstrates New Solution for CBDC Tokenization


Mastercard says its new solution that enables central bank digital currencies (CBDCs) to be tokenized or wrapped onto different blockchains provides consumers with “a new option to participate in commerce across multiple blockchains with increased security and ease.” A Mastercard...

Chinese Bitcoin Mines in the US Attract National Security Attention


Bitcoin mining operations in the United States, owned by Chinese entities, are currently under investigation for potential issues that could threaten national security, according to the New York Times (NYT).  The scrutiny began last year when a Chinese company began constructing a cryptocurrency...

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