Category: crypto

Binance’s security team prevented a $1.2 million governance attack on an unnamed project’s treasury. The attacker tried to exploit a weakness in the project’s on-chain governance mechanism. Binance coordinated with other exchanges to close deposits for the affected token. The project ultimately rejected the proposal, and no funds were lost.

Decred has released a mandatory software patch v2.1.6 to fix critical consensus vulnerabilities, deanonymization attacks, and network denial-of-service risks. The patch is important for users to upgrade to prevent being forked from the network. The update also improves mixing session expiration and addresses SPV validation issues.

BitGo Europe and AllUnity formed a partnership to offer regulated, fiat-backed stablecoins. BitGo Europe is the first buyer and institutional liquidity partner for the EURAU, CHFAU, and SEKAU stablecoins. Eligible clients can access the tokens through BitGo Europe’s platform. The tokens track the euro, Swiss franc, and Swedish krona.

Sei is rolling out the Eidos storage upgrade to improve network storage and verification of on-chain data, aiming for 200,000 transactions per second with its Giga roadmap. The upgrade includes changes to how state is stored, separate databases for EVM data, and a focus on performance targets for Giga.

A Singapore court has frozen around S$75 million in Bitcoin and USD Coin after a crypto trading platform mistakenly credited thousands of BTC and Bitcoin Cash to a customer due to an internal ledger error. The court also ordered the customer to disclose the location of the disputed assets and their proceeds.

Visa is looking for a new stablecoin settlement and over the counter partner after Mastercard acquired BVNK, its previous partner. The search is for a provider with crypto exchange licenses in the U.S., Canada, U.K., and Singapore. Visa has not confirmed the request publicly or named any candidates.

Nexo Australia launched regulated crypto-backed Credit Lines after being appointed as a Credit Representative. Eligible clients can borrow against digital assets, receive AUD or stablecoins, and retain market exposure. Credit Line rates range from 0.9% to 21.9%, with flexible repayments and no fixed term. The service operates under Australian law.

Telegram has requested approval from ICANN for the .gram top-level domain, allowing over one billion users to create addresses like yourname.gram and build websites hosted by Telegram. The proposal includes interactive websites with one prompt, pending ICANN approval. Details on pricing, domain rules, and launch date are not yet specified.

Ripple raised $275 million through a senior note offering by Ripple Prime to support the expansion of its brokerage unit in the United States. The funding follows a $200 million credit facility secured earlier this year. The proceeds will be used to grow Ripple Prime’s operations in financing, clearing, and other financial services.