The attacker allegedly used a flash loan and rapid swaps to manipulate the bridge’s stablecoin exchange rate. Allbridge, the company behind cross-chain stablecoin bridge Allbridge Core, said it has paused the protocol as a precaution after a “security incident” that reportedly saw $1.65 million drained on Sunday. The incident affected Allbridge Core’s Solana deployment, with...Continue Reading

The planned rollout would let thousands of transportation contractors receive digital yen payments more frequently and quickly. AZ-COM Maruwa Holdings, a major Japanese logistics company, plans to adopt the JPYC stablecoin to make payments to around 2,300 business partners, in what is expected to be the first large-scale corporate use of the yen-denominated JPYC stablecoin...Continue Reading

Financial Services Commission Chair Lee Eog-won posted the figures on the second anniversary of the enactment of the Virtual Asset User Protection Act. South Korea’s financial authorities investigated more than 40 cases of unfair trading, including market manipulation and fraudulent crypto trading, in the last two years.  According to an X post by Financial Services...Continue Reading

The fate of the CLARITY Act hinges on Trump’s ethics, so the odds aren’t looking great. Prediction market volumes hit new highs, and more news. Polymarket suggests the odds of the CLARITY Act passing this year are just 40%, after a raft of Democratic Senators, including Chris Murphy, Jeff Merkley and Chris Van Hollen, spoke...Continue Reading

The man in control of the biggest Bitcoin corporate treasury said he shares the objectives but disagrees about the remedy detailed in the proposed temporary fork. Strategy executive chairman Michael Saylor took to social media on Sunday to detail his “110 reasons” why a proposed temporary fork to limit non-monetary transactions on the Bitcoin network,...Continue Reading

US regulators failed to finalize implementing regulations by the GENIUS Act’s one-year deadline, issuing 10 proposed rules instead. US regulatory agencies missed the rulemaking deadline under the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act on Saturday, which marked one year since the law was signed.  Several US regulatory agencies published proposed rules...Continue Reading

The proceedings come as South Korea’s Virtual Asset User Protection Act lacks explicit sanctions provisions for hacking and computer system incidents, leaving the scope of penalties uncertain. South Korea’s Financial Supervisory Service (FSS) has reportedly sent an inspection opinion letter to Dunamu, the operator of crypto exchange Upbit, regarding the $36 million hack from November...Continue Reading

Electronic Transactions Association (ETA) CEO, Jason Oxman, indicated that members of his organization might start recognizing Bitcoin’s disruptive potential, suggesting that this might lead to more partnerships between traditional electronic payment providers and Bitcoin startups. Electronic Transactions Association (ETA) CEO, Jason Oxman, indicated that members of his organization might start recognizing Bitcoin’s disruptive potential, suggesting...Continue Reading

Cybersecurity company Kaspersky said a newly identified malware framework is targeting cryptocurrency investors through social engineering tactics and trojanized GitHub apps. Kaspersky has uncovered a new malware framework targeting cryptocurrency investors. Dubbed “OkoBot,” the malware initiates an infection chain that starts with social engineering tactics such as ClickFix, which tricks users into running malicious commands,...Continue Reading

France’s gambling authority has ordered the country’s internet service providers to geoblock Polymarket, citing illegal gambling and market manipulation concerns. France’s Autorité nationale des jeux (ANJ), or the National Gambling Authority, has ordered internet service providers to block access to Polymarket. Prediction websites are considered illegal gambling, the ANJ said in a Friday press release....Continue Reading