Tether has led a pre-seed funding round in Bolivian fintech Peso, which offers USDT payments through food delivery apps and local banking networks, to support the company’s expansion across Latin America. In a Wednesday announcement, Tether said the investment will help Peso expand its stablecoin payment infrastructure across Bolivia, Brazil, Colombia and Argentina, including services … Read more
The PHP Foundation has acknowledged that indecision and a shortage of resources delayed a fix for a critical security flaw first identified in 2024, calling the stalled response a “structural failure.” Government agencies and other organizations worldwide took websites offline Wednesday as a precaution while PHP released emergency patches for two related critical vulnerabilities. The … Read more
A lobbying group for US banks has weighed in on the Office of the Comptroller of the Currency’s (OCC’s) recently finalized rules on payment stablecoin issuance and custody, arguing that the regulator’s interpretation went against Congress’ intent. In a Wednesday notice, the American Bankers Association (ABA) said that while the OCC’s final rules implementing the … Read more
The Cardano Foundation has urged the European Union not to introduce new, standalone regulations for decentralized finance and staking, arguing that existing financial laws should govern such activities based on their functions and risks rather than the technologies they use. In a Wednesday blog post outlining its 19-page Sept. 30 submission to the European Commission, … Read more
Bitcoin (BTC) passed $84,000 after Wednesday’s Wall Street open as US stocks added to gains on more strong corporate earnings reports. Key points: Bitcoin climbed nearly 2% on Wednesday to return to $84,600 for the first time since Oct. 7. SpaceX Q3 operating revenue beat expectations by nearly 15%, coming in at $14.6 billion. BTC … Read more
Solana’s first major consensus upgrade, Alpenglow, went live on mainnet around 1:54 pm UTC on Wednesday, according to the Solana Foundation’s Alpenglow dashboard. Alpenglow seeks to reduce transaction finality by 99%, to roughly 150 milliseconds from about 12.8 seconds, according to the Solana Foundation’s July announcement. The upgrade’s first phase, Votor, replaces the existing voting … Read more
Decentralized exchange PancakeSwap’s total value locked (TVL) grew nearly 19% over the past week, adding about $380 million as the protocol moves toward a major overhaul of how it distributes trading fees to liquidity providers. According to DefiLlama, PancakeSwap’s TVL climbed to $2.4 billion on Wednesday, up from about $2.02 billion on Oct. 14. The … Read more
Tech giants have deployed emergency blocks against eight vulnerable digital certificates that could allow attackers to impersonate legitimate websites. By Tuesday, browser developers and other major technology companies had deployed protections against eight intermediate certificates issued by India-based certificate authority eMudhra Limited after discovering that their private keys were insufficiently secure. Mozilla cryptography engineer Dennis … Read more
Something massive is happening in the crypto world right now. Shiba Inu, the popular dog-themed cryptocurrency, is seeing a huge surge in price and trading volume. This isn’t just a small bump; it looks like something bigger is brewing. We’re seeing a lot of activity from large holders, often called “whales,” and a significant increase … Read more
Layer-1 blockchain Qubic has restarted its network and launched a recovery process after a wallet seed vulnerability allowed an attacker to drain roughly $1.4 million in QU tokens from 1,404 accounts, according to the project’s latest update. Qubic’s blockchain explorer shows the network resumed processing ticks 8:00 pm on Oct. 19, advancing beyond tick 85,371,949, … Read more