Key Takeaways Brazilian cryptocurrency exchange Mercado Brazil said Monday that it was targeted in a security incident. The firm suspended withdrawals and deposits while saying customer funds were not impacted. An analyst estimated the damage at over $46 million worth of crypto and counting, including bitcoin and ether. Brazil’s Top Crypto Exchange Attacked On Monday, […]
Key Takeaways Ripple would prioritize XRP where it suited customer transactions. Schwartz envisioned blockchain becoming as accessible as the internet. Garlinghouse hoped to move 1% to 3% of transaction activity onchain next year. Garlinghouse and Schwartz Outline XRP’s 5-Year Future Ripple CEO Brad Garlinghouse and board member and CTO emeritus David Schwartz outlined their five-year […]
Key Takeaways A 10 ETH double refund triggered Thorchain’s emergency pause across 12 supported networks. Chainalysis identified an unexpected obstacle to laundering funds stolen from Binance. The FBI urged Thorchain operators to block transactions linked to North Korea’s Tradertraitor. Ethereum Reorg Jolts Thorchain Into Emergency Shutdown The trouble began when Ethereum reorganized a single block, […]
Uber Tests Weekend Trading In Tokenized Market Fund Investments Companies are turning to blockchain and tokenized assets to boost profits by taking advantage of 24/7 trading. Uber, a public ride-hailing app with a market capitalization of over $130 billion, has announced it leveraged tokenized investment opportunities in a recent investment test. Using blockchain, the company […]
Key Takeaways Bitcoin volatility spikes after Fed speeches, press conferences and economic data releases, but usually normalizes within a day. Options expiry Fridays are no more volatile than other Fridays, while CPI releases stood out in 2022. Bitcoin tended to fall before the April tax deadline after strong years, but tax dates did not reliably […]
Key Takeaways Next Technology authorized sales or pledges involving approximately 5,833 bitcoin on Oct. 30. Binance’s security incident prompted Next Technology to reconsider its cryptocurrency exposure. Next Technology cited hacking threats and quantum computing risks, but disclosed no completed bitcoin sales. Next Technology Holding Eyes Bitcoin Exit as Binance Hack Fuels Security Fears A company […]
Key Takeaways Lookonchain tracked 128.63M ENA, worth about $24M, moving from Ethena-labeled wallets to Binance on Oct. 31. Binance says it already holds $5B of the $6.3B in stolen assets and is buying the remaining 20%. Reserve Protocol expects Binance to finish repurchasing 3.38B RSR before its Nov. 2 reserves report. Ethena Tokens Flow Into […]
Key Takeaways BNB Chain is building a second EVM L1 with 200ms blocks, using BNB for gas, staking, and governance. The new chain targets high-speed trading and payments, while BNB Chain keeps its existing DeFi ecosystem. A public testnet is due by the end of 2026, with mainnet planned for early 2027. BNB Chain Keeps […]
Key Takeaways Polygon Labs integrated Solana into its Open Money Stack to unify bank transfers, cross-chain routing, and payouts. The expansion unlocks access to Solana’s $5 trillion stablecoin market with guaranteed all-in enterprise pricing. Kira has adopted the system as Polygon’s U.S. payments arm extends regulatory coverage across 48 states. Streamlining Cross-Border Money Movement Polygon […]
Key Takeaways Binance committed $6.34B in corporate funds to fully reimburse users after a historic $6B security breach. Industry partners like Tether and Circle froze $3B of the stolen assets to aid law enforcement recovery. The exchange is purchasing remaining impacted tokens via OTC markets to safely resume user withdrawals. Binance Prepares to Restart Normal […]