A public patch fixing the exploit is scheduled to be released tomorrow. On Thursday, Ethan Buchman, co-founder of interblockchain communication (IBC) ecosystem Cosmos, said that a ‘critical security vulnerability’ had been discovered that ‘impacts all IBC-enabled Cosmos chains, for all versions of IBC.’ Buchman assured that steps have already been taken to ensure that all...Continue Reading

Thanks to NFTs, crypto wallets will soon enable users to prove their credentials without using third-party background checks. The function of crypto wallets has changed significantly over the last few years. They initially secured token holdings or served as art galleries with nonfungible tokens (NFTs). Today, they’ve become like bank accounts for many, and soon,...Continue Reading

The ranking member of the House Financial Services Committee praised the bipartisanship behind the coming bill, but says there are “complex conversations” ahead. Patrick McHenry, ranking member of the United States House of Representatives Financial Services Committee, thinks the “conversation has become unmoored” about financial technology and needs to return to solving real world problems....Continue Reading

The first generation of blockchain-based messaging platforms are attempting to address the missing pieces of Web3 adoption. Forget about tracking DAO votes, DeFi transactions or data breaches across many channels and platforms. Your Web3 mailbox will handle it for you without requiring your phone number or legacy email address. Instead, your wallet address will receive...Continue Reading

Senator Hickenlooper requested the SEC engage with the public by opening a “notice-and-comment period” to develop rules and regulations applicable to crypto. John Hickenlooper, a United States Senator representing Colorado, has penned a letter to Gary Gensler urging the Securities and Exchange Commission chair to establish “clear rules” for the crypto market. In an Oct....Continue Reading

The USDT issuer has faced criticisms for its exposure to commercial paper and, specifically, its alleged holdings of Chinese commercial paper. Stablecoin issuer Tether Holdings Limited has unwound its exposure to commercial paper, addressing a long-standing item of contention among detractors who’ve criticized the quality of its reserves.  In addition to removing commercial paper from...Continue Reading

BTC nose-dived to its lowest level since Sept. 21, and data shows pro traders continue to avoid leverage longs. Cryptocurrency traders were caught by surprise after the Oct. 13 Consumer Price Index Report showed inflation in the United States rising by 0.6% in September versus the previous month. The slightly higher-than-expected number caused Bitcoin (BTC)...Continue Reading

The commissioner said Europe is watching U.S. securities regulation developments very closely, but Europe is not following the American lead in its attitude toward energy use. Fintech needs to communicate better, according to a top European Commission (EC) financial official. People ask what the need for financial technology is, and the industry has answers, but...Continue Reading

The Lord Privy Seal of the U.K.’s House of Lords introduced the bill, which, ironically, was “ordered to be printed” following the first reading on Oct. 12. Members of the United Kingdom’s House of Lords have introduced legislation aimed at eliminating the need for paper trade documents, increasing the likelihood of using blockchain technology to...Continue Reading

The decentralized exchange has supported $1.2 trillion in cumulative trading volume since its inception, according to founder and CEO Hayden Adams. Decentralized exchange Uniswap Labs has raised $165 million in a Series B funding round that had participation from some of blockchain’s biggest venture firms, putting the company on track to expand into other crypto-focused...Continue Reading