Category: crypto

Unauthorized access to systems operated by ShipMonk exposed personal information of 13,689 Trezor customers, including names, emails, phone numbers, and shipping addresses. Trezor’s systems and hardware wallets were not compromised. Affected customers were warned about potential phishing attempts and plans for enhanced security measures are in place. The ShipMonk incident did not require user action.…

Four companies in Mitsubishi UFJ Financial Group are testing Japanese government bond repo transactions on the Canton Network. The project aims to automate processing and achieve 24-hour on-chain settlement. The initiative is part of Japan’s FSA Payment Innovation Project for testing blockchain-based payments and settlement.

FlightAware has withdrawn its lawsuit against Kalshi one day after filing it. The lawsuit accused Kalshi of misusing FlightAware data and trademarks for flight cancellation markets. Kalshi changed its market language from “verified from FlightAware” to “verified from Primary Source Agency,” suggesting a private resolution may have been reached.

A flaw in the XRP bridge system was identified during a transaction, prompting the individual to alert the FBI. The exploit allows for unauthorized access to funds and poses a security risk. The FBI has been notified to investigate and address the issue.

NOBO Finance, Dun & Bradstreet, and Polygon Labs are testing cross-border SME trade finance in Phase 2 of the Bank of England’s Digital Pound Lab. They are developing a reusable SME credit profile and testing invoice factoring with stablecoin advances and digital pound settlement. The lab does not involve real customers or money.

Crypto companies and industry organizations are urging frontier AI labs to give Bitcoin and open-source financial infrastructure developers access to advanced AI models to combat cyber threats. The proposal aims to enhance defenders’ capabilities in identifying vulnerabilities in large codebases. Several major crypto companies have signed an open letter supporting this initiative.

Fidelity plans to add Ethereum staking and quarterly cash distributions to its $898 million Fidelity Ethereum Fund, allowing up to 100% of ETH to be staked under normal conditions. Staking rewards will cover fund expenses and be distributed to shareholders, while also considering liquidity needs and potential risks of staking.

Binance and RedotPay are in a legal dispute over nearly $473 million, with conflicting accounts of whether Singapore proceedings are being discontinued. Binance denies abandoning its claims, while RedotPay expects the case to be dropped and plans to seek legal costs. The dispute involves a Hong Kong case seeking damages.

New York City Council is investigating Polymarket, Kalshi, Coinbase, and Gemini Titan for deceptive marketing practices in the prediction market industry. The probe follows allegations of deceptive advertising practices to attract consumers. The investigation will include a hearing to determine if new consumer protection rules are needed.

Anchorpoint has started the phased rollout of its Hong Kong dollar-backed stablecoin, HKDAP, for institutional distributors and professional investors. The stablecoin will support cross-border payments, fiat conversion, and settlement of tokenized assets. HashKey Exchange has joined as a distribution partner, completing its first HKDAP minting and redemption transaction.