Category: crypto

Binance reassures users that their platform and assets were not affected by Vercel’s security breach, where unauthorized access led to data being offered for sale for $2 million. The incident highlights the risk of supply chain breaches for Web3 projects relying on shared front-end infrastructure, prompting increased security measures industry-wide.

Coinbase is testing AI agents Fred and Balaji to assist employees with strategy and creative problem-solving. CEO Brian Armstrong predicts that AI agents may soon outnumber human employees within the company, aiming to handle tasks and increase efficiency in crypto and digital transactions. The move aims to support employees with daily tasks and improve workflow…

Polymarket is in talks to raise $400 million in funding, potentially reaching $1 billion. The company has seen increased activity with monthly trading volumes surpassing $10 billion, expanding beyond the 2024 US election into markets like sports and finance. However, legal challenges and increased competition are looming.

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…