Ledger’s crypto wallet implant scare triggers Trezor reseller crackdown as security fears spread
Trezor is cutting authorized resellers after a hardware-implant attack against rival Ledger exposed vulnerabilities in cryptocurrency wallet distribution. In an Oct. 13 letter, Trezor Chief Commercial Officer Danny Sanders said selected partners would…
Ledger hack scare nears $90 million as Tether moves to freeze stolen USDT
Suspected Ledger wallet thefts are approaching $90 million as Tether freezes USDT stablecoin linked to the incident, according to blockchain investigators. In an Oct. 9 statement, the crypto hardware wallet maker said it was investigating reports that…
XRPL’s $1.34 billion stablecoin base doesn’t tell us how much XRP users need
Tracked stablecoins on the XRP Ledger totaled $1.338 billion on Oct. 7. For XRP holders, the critical question is how much activity uses the token as principal, and how long users or intermediaries need to hold it. Fees and account reserves require XRP,…
El Salvador’s $666 million Bitcoin reserve survives IMF review
El Salvador secured access to $138 million from the IMF while recommitting to limits on further state Bitcoin accumulation. The International Monetary Fund (IMF) completed the second and third reviews of the country’s $1.4 billion loan program on Oct. 1,…
Stablecoin issuers have replaced 40% of China’s lost US Treasury demand
Stablecoin issuers are emerging as a new source of demand for US government debt as foreign official holdings lose ground. Tether and Circle have increased their Treasury securities and repurchase-agreement holdings by about $200 billion over the past…
Bitget restores $300M fund after absorbing $388M security breach
Bitget said on Sept. 30 that it had restored its Protection Fund to more than $300 million after absorbing the Sept. 24 security breach’s financial impact. The exchange describes the fund as an additional safeguard for customers, separate from…
Brazil’s largest energy giant tests Cardano to fix carbon double-counting
Petrobras, Brazil’s state-controlled energy company, is testing Cardano to track sustainable aviation fuel benefits and prevent double-counting. The Cardano Foundation said on Sept. 30 that an ongoing research and development collaboration had…
Kalshi’s $40 billion growth story hits tough questions about its trading volume
Kalshi is ending a trader-volume incentive program nearly a year early as scrutiny of activity in its crypto markets intensifies. The prediction-market operator told the Commodity Futures Trading Commission (CFTC) that its Volume Incentive Program will…
El Salvador targets $9 billion in transfers, but chooses stablecoins
El Salvador is turning to stablecoins for remittances, further separating everyday payments from the country’s pioneering Bitcoin experiment. Sivar, a new national community and payments app developed by Modveon, will use Coinbase infrastructure to…
Robinhood Chain’s $1.5 billion boom is attracting memecoin rug factories
A second suspected memecoin rug factory has surfaced on Robinhood Chain as the fast-growing network attracts increasingly coordinated scam activity. On Sept. 28, blockchain security firm GoPlus said it identified a high-risk operation behind hundreds of…