Bull cycles spark ‘some seemingly rational reason’ to compromise security: Ledger exec

FTX raised $400 million funding shortly after its U.S.-based sister firm raised the same amount last week. 633 Total views 20 Total shares Despite growing fears over a potential cryptocurrency market downturn, major industry firms like FTX keep gaining momentum by securing hundreds of millions in fresh funding.FTX Trading, the owner and operator of Sam…

Cybersecurity firm Trend Micro has confirmed that attackers have been exploiting a vulnerability in the Oracle WebLogic server to install monero (XMR) mining malware, while using certificate files as an obfuscation trick. The news was revealed in a Trend Micro blog post published on June 10.As previously reported, forms of stealth crypto mining are also…

“Miners are following the protocol, and making a ton of money doing so,” said Juan Benet on Twitter. 705 Total views 10 Total shares Juan Benet, the creator of Blockchain-based data storage platform Filecoin, has called allegations that miners of its token have been on strike since Saturday “nonsense.”According to a report by 8btc.com, five of the…

The new platform aims to establish an institutional corridor between Europe and Asia. 1100 Total views 12 Total shares Switzerland’s principal stock exchange, SIX Swiss Exchange, and Japanese financial giant SBI Holdings have announced a joint cryptocurrency-related venture.According to a Dec. 8 announcement, the firms' digital asset-related subsidiaries, SIX Digital Exchange and SBI Digital Asset…

Scalability is a hot investment as VCs and retail pour into rollup and sidechain solutions 2786 Total views 21 Total shares As Ethereum gas fees soar and the demand for scalability reaches fever pitch, layer-two scaling solution has announced today a $75 million Series B funding round led by Paradigm, Three Arrows, Alameda Research, Pantera…

A bill meant to clarify the classification of cryptocurrencies has been introduced in the U.S. state of Wyoming Jan. 18, according to the official state legislature website.The bill places crypto assets into three categories: digital consumer assets, digital securities and virtual currencies. The bill defines assets falling in any of those three categories as intangible…

Through Polygon Studios, Polygon is attempting to corner two key segments of the blockchain industry: gaming and nonfungible tokens. 592 Total views 4 Total shares Ethereum (ETH) infrastructure developer Polygon has spun off a new subsidiary to advance its work in blockchain gaming and nonfungible tokens, or NFTs, offering further insight into the company’s long-term…

The need for the U.S to implement dollar-backed stablecoins “couldn’t be timelier” as China continues to come up with its own solutions, former House speaker Paul D. Ryan stressed.