Category: crypto

Crypto veteran Jill Gunter reported her wallet was drained of over $30,000 in USDC due to a vulnerability in a Thirdweb contract. The incident involved a legacy contract that allowed unlimited token approvals, leading to the theft. Gunter is investigating the theft and plans to donate any recovered funds to charity.

Director Carl Erik Rinsch was convicted of wire fraud and money laundering for misusing funds provided by Netflix for a science-fiction series. He diverted the money into personal accounts and speculative trades, including Dogecoin, and luxury items. He faces up to 20 years in prison for each count. Sentencing is scheduled for April 17, 2026.

NFT sales volume has dropped by 15.72% to $64.95 million, with Bitcoin recovering to $90K and ETH holding $3K. Market participation has crashed, with NFT buyers falling by 68% and sellers dropping by 71%. DMarket leads in sales, while Ethereum and Immutable have declined, and Solana has surged.

Two Bitcoin wallets connected to Silk Road-era activity moved a significant amount of cryptocurrency in May, with additional consolidation on Dec. 10. The funds were redirected to new SegWit addresses, suggesting internal custody management rather than immediate sale. Market observers note potential short-term supply impact on prices.

Canadian fintech analysts predict increased adoption of XRP in digital payment systems. The US OCC ruling allows banks to facilitate XRP trades, boosting institutional integration. Skipper_xrp notes growing XRPL ecosystem activity and interest in the RACO token. XRP is seen as a potential leading financial technology application in the crypto sector.

World App has introduced a major update that includes encrypted chat, in-chat crypto transfers, and Mini Apps. Virtual accounts are expanding to new regions with fee-free USDC conversion. Users can now earn rewards, make merchant payments, and use World ID tools. The update aims to turn the app into a social, payments, identity, and mini-app…

Tangem Wallet now offers Aave-backed yield through Yield Mode, allowing users to earn on USDT, USDC, and DAI without leaving the app. The integration with Aave provides deep liquidity for stablecoins, with a focus on security and direct control. This comes as stablecoins are becoming more integrated across consumer apps.

JPMorgan Chase & CO. used the Solana blockchain to issue a $50 million U.S. commercial paper for Galaxy Digital Holdings, with Coinbase Global and Franklin Templeton purchasing the debt instrument using USD Coin. This marks a significant move towards digital asset adoption and showcases the potential of stablecoins in traditional debt markets. Anthony Scaramucci praised…

YouTube now supports PYUSD payouts for U.S. creators through PayPal, offering faster and more stable payment options. PYUSD is backed by dollar reserves and offers benefits such as quicker transfers and avoidance of crypto volatility. This marks a significant step towards mainstream acceptance of stablecoins in online earnings management.

World App has added encrypted chat, virtual accounts, and support for over 100 crypto assets, merging verified identity with global payments in one “super app.” The upgrade includes in-chat crypto payments, swaps across various assets, and broader merchant reach. The app also features biometric identity verification and iris scanning for privacy and security.