Sweden is investigating a reported leak tied to CGI Sverige after hackers claimed they exposed source code from the country’s e-government platform. A threat actor has claimed to have leaked source code and other sensitive material it said came from CGI Sverige, the Swedish subsidiary of global IT consulting and outsourcing firm CGI Group. Cybersecurity accounts on X and local media reported Thursday that a threat actor calling itself ByteToBreach had published the material online, according to Swedish news outlet Aftonbladet. CGI told Aftonbladet its cybersecurity team discovered an incident involving two internal test servers in Sweden that were not used in production. The company said an older application version and its source code were accessible, but that there was no indication that customer production data or operational services were affected. CGI press secretary Agneta Hansson confirmed to the news outlet that authorities are investigating the leak. Read more
MetaComp’s Pre-A+ funding round, backed by Alibaba and Spark Venture, brings the total capital raised to $35 million, with aims to expand its StableX Network globally. Singapore-based MetaComp said Friday it completed a new funding round backed by Alibaba, as the company expands its stablecoin payment infrastructure. MetaComp completed a Pre-A+ round backed by Alibaba, bringing the cumulative total to $35 million across two rounds in three months, according to the announcement. The latest round also featured the European early-stage venture capital investor Spark Venture, with Beijing-based 100Summit Partners serving as exclusive financial adviser. Read more
US and China's yield crossover amid whale buying suggest Bitcoin may be close to a price bottom, setting up for a move toward six figures in the coming months. Bitcoin (BTC) may approach a market bottom, with a macro model tied to the US and China’s benchmark 10-year bond yields hinting at a potential rally toward $100,000 in the months ahead. Key takeaways: Bitcoin whales show signs of accumulation that were seen near the 2023 market low. Read more
Vitalik Buterin said he is no longer closely aligned with the Future of Life Institute after its strategy shifted following his 2021 SHIB donation. Ethereum co-founder Vitalik Buterin said Friday that he is no longer closely aligned with the Future of Life Institute, a group that received SHIB tokens from him in 2021. Buterin said the institute initially pitched a broad roadmap to reduce existential risks, including threats tied to artificial intelligence, biotechnology and nuclear weapons, along with wider public education and research initiatives. He said that vision helped motivate his Shiba Inu (SHIB) donation. Buterin said the institute later moved toward cultural and political advocacy around AI risks, an approach he described as materially different from the strategy outlined when he donated. Read more
Miners who treat their Bitcoin holdings as a working asset rather than a passive reserve “will carry a structural edge into the next halving,” says Wintermute. Many Bitcoin miners are struggling to turn a profit this market cycle due to diminishing returns, so they may need to pivot to artificial intelligence hosting or put their holdings to work to generate yields, says market maker Wintermute. Wintermute said in a blog post on Thursday that Bitcoin (BTC) miners have spent years building large-scale power infrastructure in low-cost energy markets, and they now find themselves “sitting on exactly what the AI industry needs most urgently and cannot easily replicate.” It said that Bitcoin mining is a “structurally rigid business model,” and while the AI pivot is a compelling one, it is also a “drastic and capital-intensive step.” Read more