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Ethereum is still the most popular off-chain destination for bitcoins as its supply of tokenized bitcoin (BTC) grew more than 70% in July. More than 20,000 BTC — worth roughly $225 million — are now tokenized and used in Ethereum-based protocols. Wrapped Bitcoin (WBTC) represents over 76% of the total tokenized bitcoin supply with over 15,500 BTC tokenized. The total...
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Twitter revealed that a number of employees fell victim to a “phone spear phishing attack” in a new update on how its systems were compromised in the social media giant’s largest hack to date on July 15, according to a blog post shared Thursday. A spear-phishing attack is a targeted attempt to steal information such as account details or financial...
Convincing the U.S. Securities and Exchange Commission (SEC) that the Ethereum blockchain is an acceptable medium to store regulated investment funds was no easy task for Mason Borda of Tokensoft. The CEO of this Bay Area tokenization firm spent over two years crusading for a peer-to-peer tradable fund. Borda developed compliance-appeasing token standards, hired regulatory veterans to lead his transfer...
Bitcoin rose above $10,000 for the first time since June 10. The largest cryptocurrency spiked into five digits around 6 a.m. New York time on Sunday --- rising as high as $10,169, according to pricing compiled by Bloomberg. The gains quickly fizzled, initially, then rallied again later, gaining 1.9% to $10,080 as of 9:25 p.m. Bitcoin, which crypto fans have...
In a public letter dated July 22, Senior Deputy Comptroller and Senior Counsel Jonathan Gould wrote that any national bank can hold onto the unique cryptographic keys for a cryptocurrency wallet, clearing the way for national banks to hold digital assets for their clients. The letter marks a major development for the crypto industry. Previously, custody was the province of...
The Takeaway: China's state-backed Blockchain-based Service Network (BSN) has integrated with six public chains including Tezos, NEO, Nervos, EOS, IRISnet and Ethereum. Developers on these six blockchains will be able to build dapps and run nodes using data storage and bandwidth from BSN’s overseas data centers starting Aug 10. This is part of China's plan to be the one and...
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PayPal, the fintech giant planning to bring crypto trading to its massive user base, has chosen Paxos to handle the new service’s supply of digital assets, according to two people familiar with the matter. It’s a plum assignment for New York-based Paxos, which last week launched Paxos Crypto Brokerage and announced its first customer in Revolut US, the American division...
The Twitter accounts of some of the most prominent U.S. political and business leaders, from Barack Obama and Joe Biden to Jeff Bezos and Warren Buffett, were hacked Wednesday afternoon in an apparent effort to promote a Bitcoin scam. The attacks were stunning in scope and almost certainly coordinated. Others whose Twitter accounts were caught up in the security incident...
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