Author: AltCoinDrops.com
SwissBorg, a Swiss crypto wealth management platform, suffered a $41 million hack on Sept. 8 after attackers exploited a vulnerability in a partner’s API. Summary SwissBorg lost $41M in SOL after a September 8 hack exploiting partner Kiln’s API. Only 1% of users were affected, with treasury funds covering losses. The incident highlights rising risks from API vulnerabilities in DeFi. The company confirmed the breach in an X post on the same day, assuring users that core systems and other services remained unaffected. API flaw linked to Kiln partner The exploit stemmed from SwissBorg’s integration with staking provider Kiln. Hackers…
IOHK recently went live with its planned Mary hardfork, a milestone upgrade to the Cardano blockchain. Through Mary, the network will now handle ‘non-native’ tokens, natively, creating a multi-asset environment on the blockchain. According to a release shared with AMBCrypto, this solution was designed to allow any token to be represented on Cardano without the need for smart contracts or custom code. These assets from other blockchains can behave in a similar way to ADA, Cardano’s native currency. This would allow businesses and developers to take advantage of Cardano’s speed, security, and reduced transaction costs. However, as proposed earlier, ADA…
Is This Satoshi Nakamoto’s Long Lost Earliest Version Of The Bitcoin Code? | Bitcoinist.com This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy. I Agree Source link
Under the leadership of Hester Peirce, a Commissioner on the Securities and Exchange Commission( SEC), the cryptocurrency task force has revealed plans to set up another roundtable that will impact new policies at the financial regulator. This action addresses the recent rising concerns about regulations in the digital assets ecosystem and suggests suitable updates to the commission’s rules. Notably, this public roundtable on financial surveillance and privacy marks the sixth roundtable to be held addressing rising issues in the digital assets sector since Gary Gensler, a former chairman of the US SEC, withdrew from his position. According to an SEC notice…
TLDR: Ethereum Layer 2 Kinto announced a complete shutdown. The project cited difficulties in maintaining operations and ecosystem growth. Kinto had aimed to provide compliance-focused Layer 2 scaling. The closure highlights challenges in the competitive Ethereum Layer 2 market. Ethereum Layer 2 project Kinto has announced it will shut down operations, marking an end to its attempt to provide a compliance-focused scaling solution for Ethereum users. The team disclosed the decision, confirming that development and support would cease. Kinto was developed to offer a Layer 2 blockchain that combined Ethereum scaling with regulatory compliance. Its design included features aimed at…
Key Takeaways Can a code glitch and Wall Street’s cash push Bitcoin to $150k by 2026? We analyze the halving, new ETFs, and the major risks blocking Bitcoin’s path. The idea of Bitcoin [BTC] hitting $150,000 once belonged to the fringes of the internet, but now it’s a serious topic in Wall Street boardrooms. This isn’t just wishful thinking; the prediction rests on a collision between Bitcoin’s unchangeable code, a flood of new money from giant financial firms, and a shifting global economy. Still, the journey is anything but certain, with looming government rules and nagging environmental questions threatening to…
We’re staring down the barrel of a mass extinction event in crypto. Much like the dot-com crash wiped out a generation of flimsy internet companies, a brutal market force is coming for today’s bloated digital asset space. A perfect storm of broken ideas, a tightening economy, and looming regulations is building a wall that most projects won’t be able to climb. Experts believe that by 2030, over 90% of the cryptocurrencies you see today will be worthless. If you’re an investor, you need to understand why things die to have any chance of picking a survivor. What kills a crypto…
TLDR: The SEC must decide on a Solana spot ETF by October 10, filings show. The review period gives the agency 32 days before issuing its decision. Approval would mark the first Solana spot ETF in U.S. markets. SolanaFloor highlighted the SEC’s October deadline on X. The U.S. Securities and Exchange Commission (SEC) faces an October 10 deadline to rule on a proposed Solana spot exchange-traded fund (ETF). The timeline was shared in a post by SolanaFloor on X, drawing attention to the countdown. If approved, the ETF would allow traditional investors to gain exposure to Solana’s price without directly…
D.C.’s attorney general is taking aim at Athena Bitcoin, accusing the ATM operator of knowingly enabling scams that drained seniors’ savings. Nearly every deposit, investigators claim, came from fraud schemes that the company ignored while pocketing hidden fees. Summary D.C. Attorney General sued Athena Bitcoin, alleging its ATMs enabled widespread fraud targeting seniors. Investigators say 93% of deposits were scam-related, with hidden fees reaching 26%. The suit claims Athena ignored red flags and profited while refusing refunds to victims. On September 8, the Office of the Attorney General for the District of Columbia announced it had filed suit against Athena…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Malé, the Maldives capital, may soon be transformed. The government of the island nation has agreed on a multi-billion-dollar agreement with a family office – a private wealth management firm – in Dubai to construct a massive blockchain and cryptocurrency hub. The aim? To attract fresh investment and reduce the nation’s heavy dependence on tourism and fishing. $9 Billion Project Bigger Than Nation’s Economy The deal was struck on May 4 with MBS Global Investments, according to a report by Bloomberg. The project will cost $9 billion—higher…