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MiCA rules could leave fewer but stronger crypto firms in Europe, SwissBorg says

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The European Union’s recently adopted Markets in Crypto Assets (MiCA) regulations are beginning to reshape the region’s digital asset industry, creating new opportunities and barriers for companies seeking to operate across the bloc, a Swiss-based crypto-asset platform said. Swissborg, which boasts one million registered users and $1.3 billion in assets under management (AUM), is among […]

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Crypto traders lose almost every $50 million in a botched DeFi transaction

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A crypto user lost around $50 million in a single transaction on Thursday after performing a large token swap that triggered a massive slide. Blockchain data shows that the wallet attempted to exchange $50,432,688 aEthUSDT – an interest-bearing token representing Tether’s USDT stablecoin deposited in Aave’s decentralized lending protocol on the Ethereum network – with

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Prediction markets get tailored US guidance from former foe CFTC

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Prediction market firms like Polymarket and Kalshi have a new set of guidelines for U.S. operations, with the Commodity Futures Trading Commission laying out initial guidance and a proposed permanent rule Thursday for what the agency called “a proven source of reliable information for news media, sports leagues, financial institutions and ordinary Americans.” The agency

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Ark Invest says quantum computing is a long-term risk for bitcoin, not an imminent threat

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Asset manager Ark Invest says quantum computers are a long-term consideration for Bitcoin security, but not an imminent threat. In a Wednesday report co-authored with Unchained, the investment manager said today’s quantum computers are far below the capabilities needed to break Bitcoin’s cryptography, which relies on elliptic curve encryption to secure wallets. “Today’s quantum systems

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JPMorgan sued over alleged $328M crypto Ponzi scheme linked to Goliath Ventures

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JPMorgan Chase has been sued by investors in Goliath Ventures, with a proposed class action alleging the bank ignored “red flags” raised by the allegedly fraudulent crypto pool and helped facilitate what the complaint describes as a $328 million crypto Ponzi scheme that affected over 2,000 people. Filed in federal court in the Northern District

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OP Labs cuts roles in restructuring to ‘narrow focus’ on core priorities

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OP Labs, the lead developer firm supporting the Optimism ecosystem, has laid off 20 employees as part of an internal restructuring aimed at sharpening the organization’s strategic focus, according to a message shared by the group’s management. In a post on X, OP Labs CEO Jing Wang said the decision followed internal discussions with affected

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Why bitcoin and crypto aren’t ready for real-world use

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For more than a decade, the cryptocurrency industry has promised to reinvent money. Without permission. Trustless. Boundless. Immune to the recurring failures of traditional finance. Yet commonly cited estimates of global ownership all fall below 10% — and the proportion actually using crypto for payments and other tangible uses is likely even smaller. After billions

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The US Senate votes to ban CBDCs in housing legislation that could run into trouble in the House

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An initiative to ban the U.S. central bank from issuing a government-run digital dollar has been approved in an overwhelming bipartisan vote of 89-10 in the Senate, but it is tucked inside a housing bill that could run into headwinds in the U.S. House of Representatives. The effort to ban a central bank digital currency

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