Threat | Crypto

China has characterized stablecoins as a threat to stability and sovereignty, has maintained a strict domestic crackdown, and has monitored overseas growth. IMF and World Bank officials have raised similar concerns, while Hong Kong has launched licensing. The post China’s Central Bank Calls Stablecoins a ‘Threat,’ Vows Crackdown: Report appeared first on Cryptonews.

OCC’s Jonathan Gould has said stablecoin risks have been overstated, adding a threat to bank deposits and a run would not happen overnight. Banking groups have urged Congress on GENIUS Act yield issues as supply has grown past $300B and EU/UK regulators have set temporary limits. The post Top U.S. Regulator Dismisses Stablecoin ‘Bank Run’ Threat as Market Soars Past $300B appeared first on Cryptonews.

EBA has warned that jurisdiction shopping during the MiCA transition has increased cross-border risks and misuse of customer funds. It has urged coordinated supervision, data-sharing, and early alignment with prudential and governance rules ahead of full enforcement in December 2025. The post EBA Sounds Alarm: Crypto Firms Exploiting MiCA Loopholes Pose ‘Significant’ Threat to EU appeared first on Cryptonews.

Quantum computers are capable of breaking the mathematical difficulty underlying cryptography, making this one of the biggest threats facing blockchain networks. Fortunately, the impact of quantum computing is still years away. However, industry experts believe that Bitcoin (BTC) is particularly vulnerable, and therefore think that early preparation is key for maintaining the future of the […] The post Quantum Computing’s Threat on Bitcoin is Inevitable: What To Expect and How To Prepare appeared first on Cryptonews.

Social engineering scams, from the Meeten campaign to fake crypto support scams, have become a troubling occurrence in crypto. Threat actors are using an elaborate social engineering scheme to target crypto users and drain their wallets, according to a Thursday report from cybersecurity company Darktrace. The company wrote that the techniques are similar to those used by “Traffer Groups,” which use malware to steal credentials and data. The social engineering scheme involves gaining the trust of users by posing as representatives from fake startup companies in the industries of AI, gaming, Web3 and social media. Compromised X accounts are often involved, and the threat actors supplement the fraud with Medium articles and GitHub entries. “Each campaign typically starts with a victim being contacted through X messages, Telegram or Discord,” the report reads. “A fake employee of the company will contact a victim asking to test out their software in exchange for a cryptocurrency payment.” Read more