Sunday, October 11

Business

BTCPay Server Rotates Credentials After Lightning Exploit

BTCPay Server has temporarily restricted public remote connections to Lightning Network nodes running Lightning Network Daemon (LND) software after attackers exploited a critical vulnerability to obtain credentials and move funds. BTCPay said the restriction prevents external wallets such as Zeus from…

BIP-110 Begins Mandatory Signaling on Bitcoin

Bitcoin Improvement Proposal 110 entered its mandatory-signaling phase at block 961,632 on Saturday, with miners signaling support in just 51 of the preceding 2,016 blocks, or 2.53%, well below the 55% threshold required for early activation, according to the BIP-110…

Bitcoin ETFs See Best Weekly Inflows Since April: Bloomberg

Demand for US spot Bitcoin exchange-traded funds (ETFs) rebounded sharply this week, signaling renewed investor appetite after months of uneven flows, even as uncertainty persists around digital asset regulation and the security of crypto self-custody.On Saturday, Bloomberg ETF analyst Eric…

CLARITY Act Heads Toward Key US Senate Procedural Vote

US Senate Majority Leader John Thune has filed cloture on a motion to take up the Digital Asset Market Clarity Act, also known as the CLARITY Act, setting up a key procedural vote on the crypto market structure bill for…

Bitcoin Will Never Fall Below K Again: Nansen Founder

Crypto is finally shaking off the “get rich quick” reputation that has defined the industry for more than a decade according to Nansen founder and CEO Alex Svanevik — and it’s not just because nobody’s getting rich right now.“Crypto assets…

Local Stablecoins Could Become Gateways to Digital Dollars: IMF

Domestic-currency stablecoins intended to curb reliance on dollar-backed tokens could instead make it easier for users to move funds into digital dollars, according to a senior International Monetary Fund (IMF) official.On Friday, IMF First Deputy Managing Director Dan Katz said…

Bybit Wins Court Support to Trace .5B North Korea Hack Funds

United States court records unsealed on Thursday show that a federal judge backed crypto exchange Bybit’s effort to trace assets stolen in the $1.5 billion North Korea-linked hack by granting the company expedited discovery. According to the records,  Bybit filed the…

Reform UK Chair Calls for Probe into SBF-Linked Donation: Report

The chairman of the UK’s Reform party has called for an investigation following reports of a $50,000 political donation linked to former FTX CEO Sam “SBF” Bankman-Fried.According to a Friday report from the Telegraph, Reform UK chair Lee Anderson called…

Crypto Business Converges With Traditional Banking

At first glance, this week’s biggest business stories could have come straight from Wall Street. BlackRock launched tokenized money market funds for stablecoin reserves. Tether generated another $1.5 billion in profit from its US Treasury holdings. Tokenized gold continued gaining…

US Nonfarm Payrolls Miss Sends Bitcoin Above ,000

Bitcoin (BTC) hit new August highs into Friday’s Wall Street open as markets reacted to weaker US jobs numbers.Key points:Crypto and risk assets gained after US nonfarm payrolls fell by 23,000 in July.Fed interest-rate bets for September shift from a…

Fierce Backlash to Ethereum’s EIP-8363 Staking Proposal

Ethereum researchers just wanted to reduce staking incentives. Instead, they sparked one of the biggest debates over the network’s economics since the Merge. Ethereum Improvement Proposal EIP-8363, or “Tapered Issuance Burn,” would gradually reduce staking rewards as more and more…

Coldcard’s low-entropy bug pushes Bitcoin holders to rethink trust

In light of the catastrophic low-entropy bug in Coldcard hardware wallets, linked to publicly observed thefts beginning on July 30, Bitcoin holders have started to re-evaluate the trust assumptions in their hardware wallet setups. How Coldcard’s entropy flaw workedThe Coldcard devices…

CEX Perpetual Futures Volume Falls to T, Lowest Since Late 2023

Crypto perpetual futures trading volume on centralized cryptocurrency exchanges (CEXs) fell to $4 trillion in July, marking a 31-month low last seen in December 2023.Binance led CEXs with $1.4 trillion in monthly perpetual futures volume, followed by OKX with $607…

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