China

Circle under fire after $285 million Drift hack over inaction to freeze stolen USDC

Circle is facing criticism following the $285 million hack of the decentralized exchange Drift, where a significant amount of USDC was stolen. Despite being alerted to the hack, Circle reportedly took no immediate action to freeze the stolen funds, leading to backlash from the crypto community. The incident has raised concerns about the security measures in place for stablecoins and the responsibilities of issuers like Circle. As a result, discussions around the need for improved protocols to respond to such breaches are intensifying.

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Quantum attacks could worsen without proof of ownership: Near One

Near One warns that the threat of quantum attacks on blockchain technology could escalate if proof of ownership mechanisms are not established. The company emphasizes that without these mechanisms, the security of digital assets may be compromised as quantum computing advances. They highlight the need for the crypto industry to

Bithumb enters Vietnam crypto license race with SSI Digital deal

Bithumb, a major South Korean cryptocurrency exchange, has partnered with SSI Digital to pursue a crypto license in Vietnam. This collaboration aims to establish a legal framework for cryptocurrency operations in the country, which is increasingly looking to regulate the digital asset market. The move comes as Vietnam's

Luffa unveils major brand upgrade: Repositioned as AI × Web3 Super Connector

Luffa has announced a significant rebranding, positioning itself as a super connector between AI and Web3 technologies. The upgrade aims to enhance its offerings and facilitate better integration of artificial intelligence within the decentralized web ecosystem. This strategic shift is expected to attract new partnerships and expand Luffa's

Bitcoin lenders say institutions want crypto credit to look more like TradFi

Institutional lenders in the Bitcoin space are expressing a desire for crypto credit products to resemble traditional finance (TradFi) offerings. They believe that aligning crypto lending practices with established financial standards will attract more institutional investors. Key areas of focus include enhanced regulatory compliance, risk management frameworks, and clearer credit

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Quantum attacks could worsen without proof of ownership: Near One

Bithumb enters Vietnam crypto license race with SSI Digital deal

Luffa unveils major brand upgrade: Repositioned as AI × Web3 Super Connector

Bitcoin lenders say institutions want crypto credit to look more like TradFi