Hackers and fraudsters are attracted to crypto like flies to honey. This makes crypto custody a high-stakes business, as opposed to custodying traditional assets like stocks and bonds, which is considered to be a crucial but fairly straightforward job. The high stakes come with the high risk of safeguarding crypto,…
This week’s roundup highlights Argentina’s efforts to protect cryptocurrency scam victims, Bancolombia’s integration of the Solana and Arbitrum networks, along with other key stories. Bancolombia’s Wenia Expands with Solana and Arbitrum Integration Bancolombia’s crypto platform, Wenia, has expanded its offerings by integrating the Solana and Arbitrum networks, allowing users to…
Illustration by Mitchell Preffer for Decrypt Degens had plenty to sink their teeth into last week on Crypto Twitter, with surprise developments emerging from numerous high-profile projects in the space. At the top of the week, Friend.tech, the once-red-hot decentralized social network with financial incentives, announced that development of the project…
On Sept. 11, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) announced that it was “paving the way towards real-world solutions that will enable our members to access and transact with regulated digital assets and currencies.” The organization has a vision of enabling its members to transact with both traditional…
Announced in a September 13 post on X (formerly Twitter), the $6 million fund is backed by venture capital firm a16z and NFT marketplace OpenSea. Coinbase Creates NFT Legal Defense Fund as SEC Crackdown Intensifies The initiative comes in response to increasing regulatory scrutiny, including a Wells notice issued to…
This malware alters wallet addresses during transactions, leading to financial losses. It swaps the user’s copied wallet address with one controlled by attackers. As a result, funds are sent to the wrong destination without the user realizing it. Binance Highlights Risks of Clipper Malware in Crypto Transactions Since August 27,…
Crypto-related activities such as political donations, crypto betting, PolitiFi tokens, and NFT sales have surged, overshadowing the level of crypto participation seen in earlier elections. Crypto Donations and Betting Soar in 2024 US Elections Breadcrumbs, a blockchain analytics platform, reports that crypto donations to political campaigns have doubled since 2022.…
Anatoly Aksakov, Chairman of the State Duma Financial Market Committee, announced that the Central Bank and the Ministry of Finance of the Russian Federation are working on bylaws to establish rules for cross-border payments in cryptocurrency. The government aims to finalize these regulations by the end of November. Russia Recognizes…
Steven Lubka, head of private clients and family offices at Swan Bitcoin said in recent remarks to CNBC, “Do I think we’ll be in the six figures by 2025? Almost certainly. Do I think we’ll be in the six figures regardless of who wins? Almost certainly.” That may be assuring…
Illustration by Mitchell Preffer for Decrypt. Is Bitcoin back? For at least a little while, it feels like it may be. This time last week, it was trading for $53,229. It’s now trading above $60,000, according to CoinGecko. That’s a 12% rise over seven days, and a threshold unseen since…