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FX startup OpenFX raises $94 million to expand stablecoin-powered cross-border payments

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OpenFX, a fintech startup aiming to modernize foreign exchange markets, raised $94 million in fresh funding as it looks to expand the use of stablecoins in global payments. The round was led by Accel, Lightspeed Faction, M13, Northzone and Pantera, and values ​​the company at around $500 million, Reuters reported, citing sources familiar with the […]

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Quantum computers could break cryptocurrency encryption with just 10,000 qubits, researchers say

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The quantum computing power required to break the encryption that secures blockchains continues to decline, at least in theory, raising the question of whether the industry can affordably migrate to quantum-resistant platforms before they become vulnerable. A new paper from Caltech and quantum startup Oratomic suggests that a system with about 26,000 qubits can break

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Options attached to Hashdex’s crypto ETF that has BTC, ETH, XRP and other tokens debut on Nasdaq

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For over a year, trading Hashdex’s diversified crypto ETF was like riding an amusement park without seat belts. Investors could speculate, but if the market fell, there was little protection. That has now changed. Options on Hashdex Nasdaq CME Crypto Index ETF (NCIQ) went live on Nasdaq on Monday, giving investors a way to hedge,

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David Bailey’s NAKA is selling about 5% of its BTC holdings

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Nakamoto Holdings (NAKA), a bitcoin BTC$66,398.47 firm founded by David Bailey, said it sold about 284 BTC for $20 million in March, marking a rare reduction in its holdings as it pivots toward a bitcoin treasury strategy. The proceeds will be used to support working capital and finance operations following its acquisition of BTC Inc.

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Crypto investment firm Keyrock valued at $1.1 billion in Series C led by SC Ventures

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Keyrock, a Brussels-based digital asset services company, has raised a Series C round led by SC Ventures, the venture arm of Standard Chartered, at a valuation of $1.1 billion, the company said in a press release on Tuesday. Ripple, which provides blockchain-based enterprise infrastructure, also participated in the fundraising as an existing backer. The funding

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Bitcoin’s Taproot Could Make Quantum Attacks Easier Than Expected, New Google Research Says

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Breaking Bitcoin’s blockchain with quantum computers may not be as difficult as once thought, and Bitcoin’s Taproot technology, which enables more efficient, private transactions, may be partly to blame, Google’s Quantum AI team said Monday in a blog post and newly released whitepaper. The team said the computing power required to break Bitcoin’s security may

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Demand is likely to fall and ‘real’ interest rates to rise

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Bitcoin BTC$67,446.83 is up 2% this week, but shaky supply-demand dynamics and rising “real” interest rates may limit gains. Last week, CoinDesk noted that inflows into spot ETFs have cooled, pointing to renewed institutional apathy. Further, stablecoin growth has stalled, signaling a lack of new fiat inflows. The numbers look alarming when compared to the

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Maryland man charged in $50 million Uranium Finance hack after US seizes $31 million in crypto

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A Maryland man has been charged with carrying out hacks in 2021 that drained more than $50 million from decentralized exchange Uranium Finance and forced the platform to shut down, the US Justice Department said Monday. Jonathan Spalletta, 36, of Rockville, Maryland, faces one count of computer fraud and one count of money laundering, according

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Bitcoin Holds $67,500 As Trump Signals He May End Iran War With Hormuz Still Closed

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Trump may be ready to walk away from the Iran war. Markets are not yet sure what that means. Bitcoin traded at $67,545 on Tuesday morning, roughly flat over 24 hours after recovering from a drop below $65,200 that briefly marked its lowest level since the war began in late February. Ether held above $2,000

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