Category: crypto

Hackers defaced Kenyan President William Ruto’s website, demanding a ransom of 5 Bitcoin. No sensitive data was accessed or stolen, and authorities are investigating the breach. The incident follows a previous cyber attack on Kenyan state infrastructure. Meanwhile, other countries are also facing cyber threats related to cryptocurrency platforms and state-backed cyber groups.

Nigeria’s President Tinubu signed an executive order to regulate the crypto market that received $59 billion in inflows. The order coordinates oversight without creating a new regulator, tightening registration, tax reporting, and supervision of virtual asset firms. Legislative work on crypto regulation is ongoing alongside the order to address regulatory gaps.

Japanese logistics firm AZ-COM Maruwa Holdings plans to use the JPYC stablecoin for payments to about 2,300 business partners, including truck drivers. This move is expected to enable faster and more frequent payments without transfer fees. It comes as Japan advances crypto reforms and stablecoin adoption for regulated financial services.

Hyperliquid plans to introduce permissionless deployment for HIP-4 outcome markets on testnet before rolling out on mainnet. Market deployers must stake 500,000 HYPE and can face slashing for incorrect settlements. The proposal aims to support the expansion of outcome markets with standardized templates and an auction system to increase allocation.

Standard Chartered-backed Anchorpoint is preparing to launch the Hong Kong dollar stablecoin HKDAP, with an announcement expected within the next two weeks. The stablecoin received a license in April, completed a successful Ethereum mainnet transfer test, and will be backed one-to-one by Hong Kong dollar reserves.

South Korea has unveiled a roadmap to make the Korean won freely convertible, introducing foreign exchange reforms and legal rules for won-backed stablecoins. This plan also includes new digital payment infrastructure. CBDC pilots, tokenized government bonds, and easing cross-border capital rules are part of the initiative to improve the country’s financial system.

Circle President Heath Tarbert has sold $30.8 million worth of Circle shares in 10 transactions since June 2025, but still holds over 500,000 CRCL shares. Despite competition and stock price declines, Tarbert remains focused on Circle’s long-term strategy. Circle faces challenges from new competitors like Open USD and analyst concerns about earnings.

South Korean tax officials are proposing amendments to the Criminal Procedure Act to allow for the seizure of self-custodied digital assets. The changes would establish rules for handling digital assets controlled through private keys during criminal investigations. The proposal includes warrant requirements and court-supervised joint wallets for seized assets.

Tether faces scrutiny over USDT availability in the U.S. if GENIUS Act requirements are not met by 2028. Foreign issuers must comply immediately with some provisions but have a grace period for others. Tether expanding operations while awaiting U.S. stablecoin rules. Compliance remains unclear as regulations develop.

Allbridge Core paused its protocol after a security incident on Solana that resulted in an estimated $1.65 million loss according to PeckShield. The attacker used a $1.12 million USDC flash loan to manipulate stablecoin pool rates. Allbridge urged liquidity providers to withdraw while investigating the incident.