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Crypto & Web3

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Crypto & Web3CoinDesk ·

Bitcoin Rises to $82,000 Amid Geopolitical Tensions, Security Reassurances

The price of Bitcoin recovered to reach $82,000. This increase coincided with former President Donald Trump stating he would avoid military strikes on Iran ahead of the U.S. midterm elections. Concurrently, cryptocurrency security experts sought to dispel concerns over 'bunker mode' security fears. The movements highlight Bitcoin's sensitivity to geopolitical events and market sentiment.

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Crypto & Web3CoinDesk ·

Senate Democrat probes Tether's U.S. ties with Cantor Fitzgerald

Senator Richard Blumenthal is investigating the financial partnership between stablecoin issuer Tether and U.S. brokerage firm Cantor Fitzgerald. The inquiry falls under his role on the Senate's investigative subcommittee. This probe occurs as Democrats strengthen their position to potentially regain a Senate majority. The investigation aims to scrutinize the nature and implications of this financial relationship.

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Crypto & Web3CoinDesk ·

Citrini Research: Tokenized assets may outperform Bitcoin and Ether

Research firm Citrini believes the tokenization of traditional assets could create bigger winners than Bitcoin and Ether. It specifically highlighted tokenized stocks, bonds, and loans as having significant potential. This process is expected to generate new markets for trading and lending activities. The report concludes that fee-generating platforms and companies facilitating this shift are well-positioned to benefit.

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Crypto & Web3CoinDesk ·

NFL opposes federal prediction market oversight, joins states in Supreme Court case

The National Football League has joined a legal pushback against federal oversight of prediction markets. The NFL sided with state regulators and SEC Chair Gary Gensler in a case before the U.S. Supreme Court. They oppose federal authority over these markets, which include sports betting. This stance aligns them with one of the original authors of the law in question. The Supreme Court is being asked to intervene in the regulatory dispute.

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Crypto & Web3CoinDesk ·

U.S. moves $1B Bitcoin from Bitfinex hack wallet, no sale detected

The U.S. government transferred over $1 billion in Bitcoin linked to the 2016 Bitfinex hack. The funds, totaling 12,267 BTC, were moved from a government-controlled wallet to other unlabeled, private addresses. This transaction occurred one day after authorities moved $383 million in seized Bitcoin to Coinbase Prime. Blockchain data indicates the recent transfer was not to an exchange, suggesting the assets were not immediately sold.

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Crypto & Web3CoinDesk ·

EU regulator gives crypto platforms 3 months to remove unapproved stablecoins

The European Securities and Markets Authority (ESMA) has directed regulated crypto platforms to act against unauthorized stablecoins. These platforms must block new customer access to stablecoins that do not comply with the Markets in Crypto-Assets (MiCA) regulation. They have a deadline of three months to implement these restrictions. National authorities will supervise the management of existing holdings for current customers.

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Crypto & Web3CoinDesk ·

Crypto custody firms face urgent upgrade challenge ahead of AI, quantum threats

Crypto custody firms face a distinct challenge in upgrading systems before potential threats emerge. Unlike individual holders debating preemptive fund movement, institutions must overhaul complex infrastructure. This urgent need arises from the potential risk of AI or quantum computing advances exposing wallet keys. The situation requires proactive system migration to avoid emergency scenarios.

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Crypto & Web3CoinDesk ·

Cardano Foundation Launches Veridian, Tokenizes Equity on New Standard

The Cardano Foundation has established a new company called Veridian. Veridian has become the first entity to utilize Cardano's recently developed programmable-token standard. The company has tokenized its equity shares using this new technology. However, these tokenized shares are not currently available for public purchase. This move demonstrates an application of blockchain for corporate equity management.

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Crypto & Web3CoinDesk ·

Over 6 Million Bitcoin Identified as Potentially Vulnerable to AI Attack

Glassnode data reveals that public keys for more than six million Bitcoin are now exposed on the blockchain. This information was highlighted by the firm's co-founder. Ethereum Foundation researcher Justin Drake has warned that this exposure could make the assets vulnerable to future AI-powered attacks. Drake is urging the cryptocurrency community to prepare for potential threats to current cryptographic security.

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Crypto & Web3CoinDesk ·

Securitize to offer tokenized Apple, Nvidia, Tesla shares on Solana

Securitize announced it will list tokenized shares of major companies like Apple, Nvidia, and Tesla. These digital assets will initially trade on the company's own platform built on the Solana blockchain. The firm has further plans to expand trading of these tokenized shares to the New York Stock Exchange and the OKXICE digital venue. This move aims to bring traditional equities onto blockchain networks for increased accessibility.

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Crypto & Web3CoinDesk ·

Ethereum Researchers Warn AI Could Soon Crack Crypto Signatures

Ethereum researchers have issued a warning about a potential threat to cryptocurrency security. They stated that artificial intelligence could break the cryptographic signatures protecting Bitcoin and Ether. This could reportedly happen in a matter of months in the worst-case scenario. The researchers believe this AI threat could emerge even before quantum computers become a practical danger.

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Crypto & Web3CoinDesk ·

Bitcoin mined in 2010, worth $8.5M, moves after 16 years

A cache of 100 Bitcoin mined in 2010 was transferred after remaining inactive for over 16 years. The coins originated from two separate mining rewards created during Bitcoin's early 'Satoshi era.' Their movement on the blockchain was observed, indicating the long-dormant assets are now active. The Bitcoin is currently valued at approximately $8.5 million. The specific reason for the transfer and the identity of the owner remain unknown.

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Crypto & Web3CoinDesk ·

Bitcoin and tech stocks pressured by rising bond yields and oil prices

Risk assets, including Bitcoin and technology stocks, faced significant selling pressure on Monday. This downturn was driven by a simultaneous increase in U.S. Treasury yields and a rally in global oil prices. A strengthening U.S. dollar further contributed to the negative sentiment across financial markets. As a result, the price of silver also declined, falling below the threshold of $59 per ounce.

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Crypto & Web3CoinDesk ·

Bitcoin Dips Below $83,000 Amid Debate Over AI Security Threat

Bitcoin's price fell below the $83,000 mark amidst a debate within the cryptocurrency community. The discussion was sparked by Ethereum researcher Justin Drake, who urged the sector to prepare for a potential future threat. He warned that advanced artificial intelligence could one day break the cryptography securing digital wallets. This call for a 'bunker mode' preparedness received mixed reactions from industry observers.

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