Business / Finance
The future of crypto payments won't include on-ramps or bridges, Fun CEO says
Alex Fine said standalone crypto payment rails are becoming obsolete as platforms shift toward unified funding flows that abstract away blockchain complexity for users.
The reverse bridge: Crypto meets Wall Street using perps
Crypto exchanges built perpetual futures for digital assets. Now they are using them to offer 24/7 exposure to stocks, commodities and indexes.
Unlike the FTX collapse, the $89 million Coldcard exploit has investors sending bitcoin back to exchanges
The Coldcard vulnerability has smaller bitcoin holders moving funds onto exchanges for safety, according to blockchain analytics firms. This is opposite of the trend seen followin…
Stock market turmoil sheds stark light on the opaque AI economy
Investors scramble to make sense of a shock Chinese challenge to the dominance of western chipmakersEven for the rollercoaster world of AI, last week was particularly volatile as …
Parents save on school uniforms at city swap shop
Parents take home school uniform for free at a pop-up that organisers hope can become a regular event.
Strategy holds STRC dividend at 12%
Customarily, Michael Saylor and team have lifted the STRC dividend when it trades sizably below par, but not this month.
Bitcoin cold-wallet attack spreads to 4,500 addresses as losses near $89 million
Galaxy Research flagged a third wave of sweeps tied to weak Coldcard-generated keys, with the attacker now targeting smaller balances and changing how funds are collected onchain.
Tokenized stock trading surged 288% in July, but one QQQ token drove most of it
Without that QQQ token, QQQB, July volume for tokenized equities would be roughly $2.03 billion, about 30% below June’s total.
Bank of Italy research suggests stablecoins aren't necessarily cheaper for remittances
A mystery-shopping experiment found that exchange fees, foreign exchange spreads and banking rails mean stablecoin remittances are often no cheaper than traditional transfer means.
Bitcoin mining difficulty shrinks 14% from this year's high as plunging revenues force operators to pivot
Difficulty falls as weak mining economics reduce capacity, while forward markets signal little relief through year-end.
SEC to review Nasdaq bitcoin options approval after CME challenge
CME argues that because bitcoin is a commodity, options tied to its value fall under CFTC jurisdiction, not the SEC's authority.
Everyone has the perps convergence backwards
Crypto is said to be growing up to look like Wall Street. The evidence in its biggest market points the other way, argues Bitget CEO Gracy Chen.
Solana Foundation's new CISO warns AI is making crypto scams more convincing
Michael Coates, the foundation’s new CISO, said that AI vulnerabilities and fake identities will drive the next wave of blockchain security concerns.
Faisal Islam: Four reasons why Fifa's World Cup plan never stacked up
The actual presentation of FIFA's plan to part-privatise the World Cup raises many more questions than it answers.
Binance founder CZ calls for wallet diversification after $70 million Coldcard exploit
Binance founder Changpeng Zhao says hardware wallets can still have bugs and suggests spreading funds across multiple wallets after the major Coldcard security failure.
XRP Ledger upgrade brings back features once pulled over critical bugs
The xrpld 3.3.0 release is expected next week with five proposed amendments, including two revised features that were previously withdrawn after researchers found bugs that could …
How bitcoin cold wallets lost $70 million in an attack that never touched the devices
Galaxy Research said weak seed generation let an attacker recreate likely private keys offline, sweep more than 1,000 BTC from nearly 1,200 wallets and continue searching without …
Snapchat joins other popular platforms in fight against 'AI slop'
Snapchat, YouTube, LinkedIn, and Substack are trying to combat the proliferation of fake AI content.
Bitcoin holds monthly gain, faces 'choppy' August as 'forced-selling' exhausted, analysts say
The largest crypto shrugged off a barrage of bad news this month, but traders remain cautious as rate hike fears and jobs data loom.
Tether posts $1.5 billion operating profit in Q2 as reserve buffer falls by half
The world’s largest stablecoin issuer added 14 metric tons of gold and about 1,800 bitcoin to its reserves during the second quarter.
AI firms must answer for rogue bots, says boss of hacked company
Clement Delangue said he didn't want cyber attacks on other companies to become "normalised".
The good and the bad of perps, according to crypto traders
Both retail and institutional traders worry about the funding rate.
Coldcard's $38 million (so far) exploit shakes faith in self-custody, may push investors to ETFs
A software bug in popular hardware wallet Coldcard that led to the theft to this point of nearly 600 bitcoin worth roughly $38 million is prompting questions about security and wh…
Quantum computing nears commercial breakthrough, IBM CEO says
Arvind Krishna said quantum computing will begin generating meaningful revenue before the decade ends as investment in the sector accelerates, in an interview on CNBC.