Category: crypto

Coinbase is under fire for a data breach affecting nearly 70,000 users, with personal information leaked by overseas support agents bribed by cybercriminals. The attackers attempted to extort $20 million in Bitcoin. CEO Brian Armstrong criticized outdated KYC laws, facing public scrutiny and a federal investigation. Critics also accused Coinbase of ignoring warnings about suspicious…

Solana Mobile announced the Seeker smartphone will come with a new token called SKR, serving as the native token of the Solana Mobile economy. Seeker will ship on Aug. 4 and includes a distribution model for additional manufacturers. SKR will be used for incentives, with no details on pricing or exchanges yet. TEEPIN architecture will…

Ethereum co-founder Vitalik Buterin praised recent advancements in zero-knowledge technology, particularly real-time proving, as a significant step forward. Developer Uma Roy’s achievement of real-time Ethereum proving was seen as a milestone in the cryptography community, although concerns remain about performance, verification, energy consumption, and scalability for Ethereum’s Layer 1 network.

US lawmakers advanced two blockchain-related legislative efforts on May 21, approving the GENIUS Act for debate and reintroducing the Blockchain Regulatory Certainty Act in the House. The GENIUS Act sets standards for stablecoin issuance, while the Blockchain Regulatory Certainty Act aims to provide clarity for developers and service providers in the blockchain industry.

OpenAI acquires Jony Ive’s artificial intelligence hardware startup io for $6.4 billion in an all-equity transaction, marking its largest acquisition yet. Ive will retain independence for his design firm LoveFrom and assume design responsibilities across OpenAI and io. The deal aims to integrate io’s device-focused team into OpenAI’s portfolio.

The Bitcoin Policy Institute released a policy framework to establish the US as a leader in the Bitcoin ecosystem. The framework includes proposals for a US Strategic Bitcoin Reserve, BitBonds, legal distinctions for non-custodial tools, and energy policy incentives for mining. It aims to provide clarity for policymakers in understanding Bitcoin’s legal, regulatory, and geopolitical…

World Assets, a subsidiary of World Foundation, raised $135 million through the sale of WLD tokens to venture firms Andreessen Horowitz and Bain Capital Crypto. The funds will be used to meet demand for Orb-verified World IDs and expand the World network globally. World aims to become a self-sustaining decentralized protocol for identity verification.

The SEC accuses cryptocurrency startup Unicoin of a $100 million fraud scheme, misleading investors with false promises about asset-backed tokens. CEO Alex Konanykhin and executives Silvina Moschini and Alex Dominguez are implicated. Unicoin’s aggressive marketing tactics are under scrutiny, with regulatory pressure testing the SEC’s stance on cryptocurrency fraud.

Crypto whale James Wynn opened an $830 million long position on Bitcoin on Hyperliquid. He initiated a 40x leveraged long position totaling 7,764 BTC. Despite reducing his exposure to $430 million, Wynn remains bullish on Bitcoin. Other whales are initiating short positions. Wynn’s bullish bet aligns with optimism surrounding Bitcoin’s recent price surge. Bitcoin holders…

OpenAI is phasing out numerical branding for its foundation models, introducing a unified identity under the GPT-5 release. This shift aims to simplify product interactions and reduce ambiguity. The company is also working on a more cohesive framework for its tools and agents, focusing on capability-based access over model versioning.