Category: crypto

Tether CEO Paolo Ardoino discussed the company’s digital dollar, AI development, and brain-computer interfaces in an interview with Black Box. He emphasized the benefits of creating a digital dollar for communities with high inflation, and the potential of brain-computer interfaces for individuals with severe impairments. Ardoino also warned about the rapid pace of AI development…

Ethereum co-founder Vitalik Buterin is advocating for research into the Poseidon hash function to improve zero-knowledge proof efficiency. Poseidon is optimized for ZK proofs, crucial for Ethereum’s scaling efforts. Some in the community support its adoption for efficiency, while others raise concerns about trade-offs and compatibility with existing solutions.

Traditional financial giants Bank of America and PayPal are showing interest in the stablecoin sector, worth over $200 billion. Bank of America is considering launching a stablecoin pending regulatory approval, while PayPal is looking to expand its PYUSD stablecoin within its payment ecosystem to simplify cross-border transactions.

XRP Ledger (XRPL) has unveiled a strategic roadmap to enhance institutional DeFi and programmability within its ecosystem. This includes integrating compliance solutions, expanding lending capabilities, and introducing innovative tokenization tools. The roadmap also includes features such as decentralized identity, Multi-Purpose Tokens, XRPL lending, and programmability updates. The EVM Sidechain will launch in Q2 2025 to…

Bybit, a prominent crypto exchange, experienced the largest-ever hack in the industry, resulting in the loss of over 400,000 ETH. Despite the crisis, Bybit’s CEO led a transparent and professional response, emphasizing the importance of crisis communication in the crypto industry. Their handling of the situation sets a new standard for the sector.

The Ethereum Foundation donated $1.25 million to support developer Alexey Pertsev, who is facing legal challenges related to his involvement with Tornado Cash. The Foundation emphasized the importance of privacy and the rights of developers. The donation has garnered support from key figures in the crypto industry, highlighting the significance of protecting developers from legal…

Strive Asset Management has advised GameStop to invest a significant portion of its $5 billion cash reserves into Bitcoin. This move could reshape GameStop’s financial strategy, establish it as a market leader in the gaming sector, and protect against inflation. Strive suggests focusing solely on Bitcoin and using funding mechanisms like ATMs and convertible debt…

Researchers from Kaspersky have discovered a campaign called GitVenom on GitHub that distributes malicious code targeting crypto wallets through hundreds of repositories. The code pretends to offer useful tools but actually installs cryptographic libraries and executes hidden scripts. Developers are warned to carefully review third-party code before using it in their projects.

Crypto transfers in Europe are facing restrictions due to heavy KYC procedures and blocks, potentially related to the Travel Rule. Coinbase is reported to be blocking transfers to recipients other than the user, requiring proof of ownership when sending to a self-custodial wallet, and identifying senders when receiving funds. Compliance with the Travel Rule is…

Hamster Kombat, a tap-to-earn gaming platform on Telegram, has launched Hamster Network, a Layer-2 blockchain on TON. This improves scalability and reduces costs for Web3 gaming and dApps. Hamster Network is the first gaming-focused Layer-2 solution on TON, offering efficient transaction handling and development tools. Additional features include a native wallet, asset bridge, DEX, and…