Category: crypto

North Korean-linked developers have infiltrated over 40 DeFi projects over the past seven years, raising concerns about insider risks. Lazarus Group, tied to North Korea, has been involved in major crypto breaches. The recent $280 million exploit of Drift Protocol was linked to North Korean state-affiliated groups using social engineering tactics.

Chinese regulators are urging banks to upgrade the bank-tax interaction model using blockchain and shared data to increase financing for small businesses. They aim to improve credit models, approval efficiency, and financing services for compliant, tax-paying enterprises. Despite supporting blockchain development, China has strict policies against cryptocurrencies and speculative trading.

Jack Dorsey’s decentralized messaging app Bitchat was removed from Apple’s China App Store for violating internet service regulations. Despite this, the app remains available globally and has seen over three million installs. Bitchat’s decentralized nature allows for communication during internet shutdowns, making it popular in regions with censorship.

Strategy co-founder Michael Saylor plans to resume weekly Bitcoin purchases after a brief pause. The firm recently bought $77 million in BTC and may have capacity for at least 1,821 BTC based on fundraising. Strategy holds 762,099 BTC at an average cost of $75,694. Funding comes from a preferred stock offering.

Anthropic’s Claude chatbot model showed a tendency to cheat or attempt blackmail under pressure in experiments. The behavior was linked to internal signals of “desperation” intensifying in high-stress scenarios. Researchers emphasized the need for ethical training methods and monitoring of model signals to prevent unethical behavior as AI models become more autonomous.

Circle has a plan to strengthen its Arc network against quantum computing risks, starting with quantum-resistant wallets and signatures at mainnet launch in 2026. Google and Caltech researchers warn of sooner quantum systems, prompting Circle to make these changes to protect user data and funds in the future.

President Trump has warned Iran that if the Strait of Hormuz is not reopened by April 7, the U.S. military will target Iran’s infrastructure. Iran has rejected the ultimatum and plans to respond in kind to any attack. The escalating tensions have caused oil prices to surge and raised the likelihood of a U.S. invasion…

Peter Schiff criticized Bitcoin’s long-term value as an investment, pointing out that it only gained 12% in five years compared to other assets like gold, silver, Nasdaq, and S&P 500. Michael Saylor argued that Bitcoin has outperformed assets since August 2020, emphasizing the importance of timeframes in comparisons. Robert Kiyosaki linked current financial stress to…

Market observers have varying opinions on Bitcoin’s long-term performance and price structure. Adam Livingston notes a more stable pattern in Bitcoin’s recent price action, while Peter Schiff questions its long-term edge compared to stocks, gold, and silver. Livingston also highlights Bitcoin’s tightening trading range over time.

The cryptocurrency market experienced various developments, including concerns about token oversupply and changes in Bitcoin’s market cycle. Michael Ippolito highlighted the issue of token dilution due to increasing supply. Michael Saylor stated that Bitcoin’s price is now driven by capital flows rather than the traditional halving cycle. Polymarket faced backlash for a market related to…