Category: crypto

Zanzibar police are questioning crypto fund founder Joe McCann after his fiancée died during a vacation. Authorities suspect suicide, but family disputes the official account. McCann’s passport has been retained, preventing him from leaving the country. McCann’s troubled professional background is also under scrutiny. Official charges have not been filed.

The Ethereum Foundation funded a six-month investigation that found 100 North Korean operatives embedded in Web3 firms. The Ketman Project identified fake developers and notified 53 crypto teams. The infiltrations were linked to the Lazarus Group and have led to significant crypto thefts. Basic tactics like social engineering were used for infiltration.

A Brazilian security researcher has uncovered a sophisticated counterfeit Ledger device operation that utilizes modified hardware and firmware to steal cryptocurrency from users. Scammers are using tampered devices to trick users into downloading a fake app that captures seed phrases, allowing attackers to drain wallets. Users are warned to only purchase from official sources.

Flow Capital Partners plans to move its $150 million private credit fund to the DigiFT tokenization platform by the end of April, aiming to reach $250 million in assets by 2026. The total market capitalization for real-world assets has reached a record $58 billion, with Ethereum-based tokenization growing significantly. Traditional financial products are being replatformed…

The release of the revised stablecoin yield language in the Clarity Act has been delayed, creating uncertainty around the bill’s divisive provisions. Lawmakers are waiting for clarity on the timing of the Senate Banking Committee’s upcoming markup before proceeding. The draft language restricts rewards on idle balances but allows yield tied to transaction activity.

Finance leaders are concerned about Anthropic’s Mythos AI model exposing weaknesses in global financial systems. Testing revealed vulnerabilities in operating systems and applications, prompting early access for banks and government agencies to strengthen defenses. Officials warn of cybersecurity risks, emphasizing the need for safeguards to ensure financial system resiliency.

Foundation, a well-known Ethereum-based digital art marketplace, has permanently closed after a planned acquisition by Blackdove fell through. Users will have a brief window to delist their assets. This closure reflects the struggles in the NFT sector, with many marketplaces shutting down due to declining trading volumes. OpenSea remains the dominant platform.

Flare’s proposal, FIP.16, aims to capture MEV at the protocol layer, reduce FLR inflation to 3%, and direct new revenues through FIRE for buybacks and token burns. This plan includes a governance overhaul to improve token value and network sustainability while reducing inflation and increasing token burns.

Circle has introduced a new USDC Bridge that aims to streamline cross-chain transfers for on-chain dollars. The bridge, operated by Circle, eliminates the need for multiple bridges by providing a single bank-style ledger experience. This technology is part of Circle’s Cross-Chain Transfer Protocol and has already facilitated over $20 billion in monthly cross-chain settlements. With…

France’s finance minister supports the launch of bank-issued euro stablecoins by the Qivalis alliance in 2026 to keep Europe’s digital payment rails in euros rather than dollars. This marks a shift in policy and aims to reduce reliance on dollar-pegged tokens, promoting European digital sovereignty and combating “digital dollarization” in payments and DeFi.