CCO Danny Sanders said he had notified certain hardware wallet resellers that they would be removed from Trezor’s list of authorized entities starting Jan. 1. Hardware wallet producer Trezor announced it would reduce its number of resellers as a “preventive step, taken out of an abundance of caution,” following reports that malicious implants had been installed in devices made by competitor Ledger. In a Tuesday X post, Trezor said there was “not a single piece of evidence that [its] devices have been compromised” after reports that Ledger hardware wallet users had found malicious implants that exposed recovery phrases. However, Trezor said that it would reduce the number of its resellers, citing “recent supply-chain incidents.” Chief commercial officer Danny Sanders added that he had noti…
A recent change in the SEC’s rules on quorum could make it easier for the agency to amend its approach to crypto regulation in the absence of a market structure bill. After US lawmakers failed to pass a comprehensive digital asset market structure bill, financial regulators stepped up efforts to change rules around the oversight and enforcement of crypto companies and offerings. However, the two primary regulators, the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), are understaffed at the leadership level, leaving the decisions for regulating aspects of the $3 trillion crypto market largely in the hands of just three individuals, two of whom were nominated by US President Donald Trump. At the SEC, two commissioners — Chair Paul Atkins and former…
Strive is now the fifth-largest publicly traded corporate Bitcoin holder, with 32,773 BTC, as it continues to expand its treasury through equity financing. Strive, a publicly traded Bitcoin treasury company, increased its holdings by more than 11% last week as investors exercised $208 million in warrants, with Bitcoin purchases outpacing share issuance and giving existing shareholders greater exposure to the cryptocurrency. In a Tuesday filing with the US Securities and Exchange Commission, Strive disclosed that it purchased 3,311 Bitcoin (BTC) in the week ending Oct. 9 at an average price of approximately $84,500 per coin. The purchases brought its total holdings to 32,773 BTC, making it the fifth-largest publicly traded corporate Bitcoin holder, according to industry data. At last look o…
Bitcoin price action preserved overnight gains as US stocks quickly rebounded after opening lower on the back of Korea’s tech-stock rout. Bitcoin (BTC) continued to target $84,000 at Tuesday’s Wall Street open as US stocks attempted to shake off South Korea’s latest tech rout. Key points: Data from TradingView showed BTC/USD returning to near $83,800 at the start of the US trading session, preserving much of its overnight upside.
Anthropic warned that rogue “AI worms” are months away from the ability to self-replicate and autonomously infect user devices such as home appliances and other internet-connected devices. Artificial intelligence (AI) company Anthropic warned that self-replicating autonomous AI systems may start spreading across user devices without human intervention, akin to computer viruses. Rogue “AI worms” may start autonomously targeting everyday devices, including Android TVs, smart appliances, cameras and other internet-connected devices with basic computing power and weak security, according to a Monday report by researchers William Zhou and Daniel Freeman for Anthropic’s Frontier Red Team. Small AI models may be “months away from being capable enough to self-replicate on commercial internet-of-t…
Bitcoin developer Paul Sztorc says Bitcoiners are lying to themselves about Lightning. Developers claim usability has improved, but questions remain over everyday adoption. Bitcoin developer Paul Sztorc ruffled a few feathers this month with a brutally blunt assessment of the Lightning Network: Bitcoiners are lying to themselves about how well it works. “Most people don’t realize how bad the Lightning Network is,” Sztorc said in an October 4 post on X, “because there has been a vast, years long conspiracy to ***lie*** about the LN user experience.” He argued that custodial Lightning services account for more than 80% of payments, and described their promotion as a “vast campaign of fraud on par with Elizabeth Holmes’ Theranos,” he said, referring to fake blood-testing device company whose…
BIS said that digital cash can achieve “cash-like privacy,” however, the technology isn’t yet production-ready due to risks such as bank data breaches. The Bank for International Settlements (BIS) said digital cash can offer privacy properties similar to cash, but highlighted remaining risks, including how potential bank data breaches may expose users’ personal data. While digital cash can achieve “cash-like privacy,” the technology stack is not yet “production ready,” wrote BIS in its Project Aurum Phase 2 report, published on Tuesday. This phase implements a privacy-preserving digital cash prototype using BIS’s existing Aurum codebase to take a balanced approach between complete anonymity and full transaction transparency, BIS said.
Russia’s largest bank, Sberbank, has secured crypto exchange authorization as it prepares to offer Bitcoin, Ether and Tether USDt trading. Sberbank, Russia’s largest lender, has secured the central bank’s approval to trade cryptocurrencies, including Bitcoin, ahead of a planned December launch. The Bank of Russia’s updated register, dated Tuesday, lists 10 authorized crypto exchange operators and six digital custodians, up from four and five, respectively, a week earlier. The lists include major lenders Sberbank and VTB alongside nonbank companies such as T-Invest Lab and Atomyze. Sberbank previously said it plans to launch crypto products supporting Bitcoin (BTC), Ether (ETH) and Tether’s USDt (USDT) on Dec. 1, 2026, through its existing SberBank Online, SberInvestments and SberBusiness p…
New .eth registrations would pause for hours during the transition, while existing domain holders could renew their names without migrating. Ethereum Name Service (ENS) is seeking approval from its decentralized autonomous organization (DAO) to activate an upgraded naming protocol on the Ethereum mainnet. ENS founder Nick Johnson submitted an executable draft proposal to activate ENSv2, the next version of the protocol. If approved, the upgrade would freeze new registrations on the original ENS registrar while allowing existing domain holders to continue renewing their names. The upgrade introduces a redesigned registry architecture with more flexible domain management and permissions. After the activation, ENS Labs plans to transfer its remaining administrative control over the upgraded…
Metaplanet plans to issue zero-interest bonds with a five-year maturity to improve its debt structure and cut its reliance on Bitcoin-collateralized loans without selling holdings. Metaplanet will issue 52 billion yen ($329 million) in zero-coupon, euro-yen convertible bonds due in 2031. Japanese investment and Bitcoin treasury company plans to use about 23.6 billion yen ($149 million) of the net proceeds to repay Bitcoin-collateralized loans and about 28.3 billion yen ($179 million) for share buybacks, according to a Tuesday announcement. The buybacks are part of Metaplanet’s new share repurchasing program, which targets up to 60 billion yen ($380 million) in total buybacks.
European retailer MediaMarkt pulled Ledger products as the wallet maker probes tampering reports beyond CryptoBilis in Southeast Asia. MediaMarktSaturn, the parent company of European electronics retailer MediaMarkt, has removed Ledger products from its stores and online platforms amid reports of tampered hardware wallets. “The MediaMarktSaturn Retail Group has removed all of the manufacturer’s products from its stores and online platforms and is in contact with the manufacturer,” a spokesperson told Cointelegraph in an email on Tuesday. “We take this incident very seriously.” An X user known as Johannes claimed Monday that he purchased two Ledger wallets from separate MediaMarkt stores. He said both contained unauthorized cables and cellular modules.
Bitcoin’s liquidity kept BTC price below $84,000 amid a mounting South Korean tech and semiconductor stock sell-off. Bitcoin (BTC) rebounded toward $84,000 on Tuesday as crypto markets skirted fresh losses for South Korean stock markets. Key points: Data from TradingView showed BTC/USD up more than 2.5% on Tuesday, reaching $83,944 on Bitstamp to retrace Monday’s drop.
Chinese fraud victims seeking to recover 61,000 seized Bitcoin face a legal setback after a UK court ruled that Chinese law governs their claims. Chinese fraud victims seeking to recover 61,000 Bitcoin seized by the British government have lost a key legal battle after London’s High Court ruled that Chinese law, rather than English law, should govern claims to the assets. On Monday, Justice Mark Turner rejected arguments for applying English law or a combination of English and Chinese law to the victims’ ownership claims. The judge ruled that Chinese law must determine whether the claimants have property rights in the seized Bitcoin, leaving the validity of claims for subsequent proceedings. “The relevant damage occurred in China. The Applicants parted with their money in China,” Turner wr…
Ledger detailed how LTE-enabled implants exposed wallet recovery phrases as CryptoBilis halted sales and Trezor and OneKey cut ties with the reseller. Malicious implants in Ledger wallets sold by CryptoBilis captured users’ recovery phrases from device screens and transmitted them over cellular networks, the French hardware wallet maker said. Ledger Donjon, the company’s security research team, found that the implants used a microcontroller to decode the 24-word phrases displayed during setup and transmitted the data over LTE networks using an embedded SIM (eSIM), according to a Tuesday X post by Ledger. The implants did not compromise the devices’ security chips or alter transactions, Ledger said.
Blur’s planned website closure revived criticism of the royalty policies and token rewards that helped it overtake OpenSea during the NFT boom, but hurt creators. Nonfungible token marketplace Blur, which once overtook OpenSea as the largest NFT marketplace by trading volume, says it is shutting down its website next month — and some NFT collectors couldn’t be happier. Blur made the announcement on X on Monday, its first post on the platform in more than a year. It said the frontend will shut down on Nov. 12, while its onchain marketplace will remain operational. Blend, a peer-to-peer perpetual NFT lending protocol, will also stop matching new loans. Blur said borrowers have until Nov. 12 to repay outstanding loans or allow them to default. It also promised a withdrawal interface after th…
Binance will discontinue its mining pool and related services on Nov. 10, urging miners to move to alternative pools before the shutdown. Crypto exchange Binance is shutting down its mining pool and related services in November, ending an operation that has been running for over six years. On Tuesday, Binance said it would discontinue Binance Pool on Nov. 10. The shutdown also covers Pool Savings, Cloud Mining, Transaction Accelerator and related features, including mining pool APIs and hashrate notifications. After the deadline, Binance said it would disable its mining endpoints and disconnect miners from the pool. The exchange will no longer accept hashrate submissions or credit mining shares received after the cutoff. Affected products will stop generating rewards and yields.
Authorities said the restrictions are aimed at unregistered exchanges and have acknowledged that customers could have difficulty withdrawing assets. South Korean authorities have approved measures to block domestic access to 27 websites operated by unregistered crypto exchanges and other virtual asset service providers, including KuCoin, MEXC, Phemex and Bitrue. In an announcement on Tuesday, South Korea’s Financial Intelligence Unit (FIU) said the decision followed reviews by the Korea Media and Communications Standards Commission on Oct. 6 and 7. The list also includes CoinW, BTCC, BitMart, BingX, DigiFinex and others. The block applies to crypto platforms that have not registered under the Act on Reporting and Using Specified Financial Transaction Information, the country’s anti-money…
Meta co-founder Mark Zuckerberg said its newest models are a step toward “personal superintelligence.” Meta has unveiled two new artificial intelligence models, Muse Wonder and Muse Wonder Full, which it called its most capable models to date and a step toward “personal superintelligence.” Meta on Monday said the models introduce two capabilities Meta calls Active Memory and Active Focus. The first carries relevant information across conversations, and the second helps the agent sustain work on difficult tasks. Independent evaluation platform Artificial Analysis scored Wonder Full at 56 on its Intelligence Index and the standard Wonder at 52, both at maximum reasoning effort.
The optional feature hides transaction details until their order is finalized, preventing bots from exploiting pending trades. Layer-1 blockchain Aptos has launched an optional new feature that could help shield traders from attacks involving maximal extractable value (MEV), including frontrunning and sandwich attacks. On Monday, Aptos said its Encrypted Mempool feature is now live on its mainnet, allowing users to opt in to keep pending transactions encrypted until their block ordering is finalized. Aptos said the feature was built for institutions submitting large transactions to the chain, traders wanting to avoid MEV risk, AI agents and builders. “When you send a transaction on any major chain today, anyone watching the network can see the details before it executes, the function you…
The defunct exchange acquired a 20% stake in Genesis Digital Assets before FTX declared bankruptcy in November 2022. The investment company SWI Group has raised about $900 million in capital as part of plans to scale its data center and AI computing capacity, which includes a mining operation previously tied to cryptocurrency exchange FTX. In a Monday notice, SWI Group said the 800-million-euro, or about $900 million, capital raise would fund its AI and data center expansion plans in Europe and the United States. The group reportedly now has majority control over one of FTX’s mining companies, Genesis Digital Assets, which will now be a part of the network of data centers’ computing capacity. SWI announced in June that it had acquired “significant shareholding” in Genesis for $500 million.…
