Hackers continue to find ways to exploit the cryptocurrency ecosystem Hackers and scammers made off with more than $163 million worth of crypto in August, according to new data from blockchain security firm PeckShield. The firm reported the losses came from 16 separate incidents, marking a 15% increase from July’s $142 million tally, though still
The company will continue to support existing smart contracts Tether, the issuer of the world’s largest stablecoin, announced on Friday that it has changed course on its earlier plan to freeze USDT smart contracts across five blockchains. Instead of locking tokens, the company will keep them transferable, while halting new issuance and redemption on the
Bitcoin ETFs in the US now regularly generate between $5 and $10 billion in trading volume US-based cryptocurrency exchange-traded funds (ETFs) are continuing to play a larger role in daily spot trading, with Bitcoin funds driving much of the activity. Analysts say these products have quickly become one of the main gateways for institutional investors
The new partnerships with Mastercard and Finastra will help bridge the gap between crypto and finance Circle is taking another step toward embedding stablecoins into the core of global finance, announcing new partnerships with Mastercard and financial software provider Finastra. The collaborations are designed to expand the use of Circle’s USD Coin (USDC) and Euro
The new mining facilities will add another 1.5GW to Hut 8’s footprint Hut 8, one of North America’s largest Bitcoin mining companies, has announced plans to build four new mining facilities across the US, adding 1.5 gigawatts of power capacity to its operations. The new sites will be located in Texas, Louisiana, and Illinois, regions
Gemini is climbing the US App Store finance rankings thanks to new offerings Gemini has climbed past Coinbase in the US App Store finance rankings following the launch of a new XRP-rewards credit card in partnership with Ripple Labs and Mastercard. The exchange, founded by Cameron and Tyler Winklevoss, rolled out the limited-edition metal card
The move comes amid an increase in cyberattacks and crypto theft A new proposal in Congress is reviving an old idea with a modern twist: using government-backed privateers to fight cybercrime and crypto theft. Introduced in August by Arizona Representative David Schweikert, the “Scam Farms Marque and Reprisal Authorization Act of 2025” would allow the
The solution will ultimately work like traditional antivirus, but for the crypto ecosystem Kerberus Cyber Security is expanding its reach in the digital safety space with the purchase of Pocket Universe, a well-known fraud prevention tool and browser extension. The acquisition, made in a seven-figure deal with Pocket Universe’s developer Refract, was confirmed by Kerberus
The Beacon Network will reportedly be able to drastically reduce illicit crypto transactions A coalition of crypto companies, financial institutions, law enforcement agencies, and blockchain researchers has launched the Beacon Network, a new initiative designed to combat the flow of illicit funds through digital assets. TRM Labs, which announced the project, described it as the
The digital bank will launch a blockchain-powered international money transfer service this year SoFi Technologies is preparing to make history as the first US bank to integrate the Bitcoin network and Universal Money Address (UMA) into its services, expanding its reach in the global remittance market. The digital bank announced a partnership with Lightspark, a
The feedback could guide how the stablecoin legislation evolves The US Treasury Department has formally invited the public to provide feedback on the newly enacted Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Signed into law by President Donald Trump in July, the legislation sets the foundation for regulating payment stablecoins across the
The attack occurred over the weekend, although Kraken identified the issue early on Kraken has halted Monero (XMR) deposits after the privacy-focused blockchain came under a 51% attack, raising new concerns about network security. The decision was announced on Friday, with the exchange stating that one mining pool had gained majority control of Monero’s hashing
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