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The EU Chat Control regulation advances rules to combat child sexual abuse material online, focusing on voluntary scanning of messaging apps while sparking debates over privacy in crypto and encrypted communications. This compromise balances child protection with concerns about mass surveillance, impacting privacy-focused crypto tools. EU member states agree to proceed with Chat Control, replacing […]
The Qilin ransomware attack in South Korea involved coordinated efforts by Russian and North Korean threat actors, targeting financial institutions and stealing over 2TB of sensitive data through a supply chain compromise of managed service providers. Qilin ransomware surged in South Korea, with 25 incidents in September 2024, far exceeding the average of two monthly […]
Bitcoin has surged past $90,000 for the first time in nearly a week, driven by improving risk sentiment and an 85% chance of a Federal Reserve December rate cut. This rebound follows a low of $86,400, with the cryptocurrency now trading near $91,500 amid broader market optimism. Bitcoin up 5.3% in 24 hours: The cryptocurrency […]
Deribit’s November options expiry in 2025 features record open interest exceeding $43 billion in notional value, driven by heightened Bitcoin volatility and trader hedging strategies. This surge reflects year-end market sentiment, with volumes hitting $1.5 billion daily as positions build for potential rallies above $100,000. Record Open Interest Surge: Deribit reports over $43 billion in […]
Vitalik Buterin transferred 1,009 ETH worth $2.9 million to Railgun, highlighting growing interest in privacy tools amid evolving regulations. This move underscores Ethereum’s focus on secure, compliant DeFi privacy solutions that protect user transactions without compromising oversight. Vitalik Buterin’s transfer of 1,009 ETH to Railgun emphasizes privacy in Ethereum transactions. Railgun provides advanced DeFi privacy […]
Do Kwon, co-founder of Terraform Labs, has requested a US court to limit his prison term to five years following his guilty plea in the Terra ecosystem collapse that wiped out $40 billion in 2022. He argues this accounts for time served and agreed forfeitures, amid a separate South Korean case seeking up to 40 […]
S&P Global downgraded Tether’s USDT stablecoin to a “weak” rating due to rising exposure to high-risk assets like Bitcoin and gold, coupled with limited disclosures. This could challenge USDT’s ability to maintain its dollar peg amid market volatility, though stronger transparency might improve future ratings. S&P Global’s downgrade highlights USDT’s increased reserves in volatile assets […]
Russia’s Federal Treasury will begin accepting payments to the federal budget in the digital ruble starting January 1, 2026, marking a key step in integrating the central bank digital currency (CBDC) into national financial systems. This follows initial pilot payments earlier this year, with full adoption for all state transactions planned by July 1, 2027. […]
China’s major tech firms, including Alibaba and ByteDance, are shifting AI model training to Southeast Asia to access Nvidia’s advanced hardware and bypass US export restrictions on H20 chips imposed in April. This relocation ensures compliance while leveraging top-tier semiconductors for cutting-edge large language models. Key drivers include US limits on H20 sales, prompting offshore […]