Category: crypto

Vercel confirms a security breach involving unauthorized access to internal systems through a compromised employee account linked to an AI tool. Hackers claim access to source code, databases, and internal accounts. Company advises users to rotate credentials and monitor accounts. Breach detected quickly, investigation ongoing. Key projects secure. Users urged to follow security steps.

Strategy co-founder Michael Saylor hinted at a multi-billion dollar Bitcoin acquisition following a $1 billion purchase. With the world’s largest corporate Bitcoin treasury, Strategy plans to pay dividends semi-monthly to attract more buyers. Despite paper losses, investors responded positively, sending MSTR stock up. Shareholders will vote on the proposal in June.

An attacker briefly took control of the eth.limo domain through a social engineering attack on EasyDNS. The attacker manipulated domain settings to redirect users to Cloudflare. However, DNSSEC prevented widespread impact by rejecting forged responses lacking valid signatures. EasyDNS is migrating the service to Domainsure to prevent future breaches.

Alcoa is in advanced talks to sell its Massena East smelter site in New York to NYDIG to expand Bitcoin mining operations. The site has been idle since 2014 and covers 1,300 acres. NYDIG aims to use hydropower for mining. The sale is part of a trend of repurposing industrial sites for digital infrastructure.

Adam Back dismisses concerns about quantum computing posing a threat to Bitcoin’s cryptographic security in 2029. He argues that current quantum systems are not advanced enough to break Bitcoin encryption. Bitcoin developers are already working on post-quantum upgrades to address potential future threats. The debate on this topic continues within the crypto community.

World ID has upgraded its protocol to serve 18 million users in 160 countries for online identity verification. The system uses biometric scanning and cryptography to confirm human users without storing personal data. New features aim to block bots, deepfakes, and AI agents, maintaining user privacy while verifying identity.

Peter Schiff, a critic of Bitcoin and advocate for gold, has raised concerns about MicroStrategy’s ongoing Bitcoin acquisition strategy. He believes that the company’s funding model may lead to shareholder dilution through repeated share issuance. MicroStrategy has shifted towards preferred shares with higher yields as earlier funding methods become less effective. Market analysts are divided…

U.S. President Donald Trump accused Iran of breaching a ceasefire agreement, leading to tensions between the two countries. Iran denied the allegations, blaming the United States for violating the terms of the agreement. Bitcoin prices reacted to the geopolitical developments, showing volatility amid uncertainty in the market. The situation remains fluid as negotiations continue.

Monero recently celebrated its 12th year since its launch in 2014 as a leading privacy-focused cryptocurrency network. Despite facing over 70 exchange delistings due to regulatory scrutiny, Monero continues to maintain active users and steady market participation. The project focuses on hiding transaction details on a public blockchain to ensure confidentiality in transfers.

Raoul Pal believes that Ethereum could be crucial for banks in future financial systems, dismissing claims that it is losing relevance. The statement sparked debates within the crypto community about whether banks will adopt Ethereum widely. These discussions were also influenced by recent issues with cross-network transfers involving FXRP and rsETH.