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Resolv Labs’ stablecoin depegs as attacker mints millions of tokens

Resolv Labs' stablecoin has lost its peg after an attacker exploited a vulnerability, minting millions of tokens. The incident raised concerns about the security measures in place for the stablecoin, prompting scrutiny from investors and regulators. Following the attack, the value of the stablecoin dropped significantly, leading to potential financial losses for users. Resolv Labs is currently investigating the breach and working to implement stronger security protocols to prevent future incidents.

Read the full article: Coin Telegraph

Strategy CEO Phong Le says company will sell BTC only in specific cases

Strategy CEO Phong Le announced that the company plans to sell Bitcoin (BTC) only under specific circumstances. He emphasized a cautious approach to managing their cryptocurrency assets, indicating that they will not engage in frequent trading. The decision reflects a long-term investment strategy, prioritizing stability over short-term gains. Le'

7 major Bitcoin mining pools join Stratum V2, working group

Seven major Bitcoin mining pools have joined the Stratum V2 working group to enhance the mining protocol's efficiency and security. The participating pools aim to implement the upgraded Stratum V2 protocol, which offers improved communication between miners and mining pools. This collaboration is expected to facilitate better resource

CZ says crypto exchange rivals opposed his pardon bid

In a recent statement, Binance CEO Changpeng Zhao (CZ) revealed that rival crypto exchanges opposed his efforts to secure a pardon from regulatory authorities. He indicated that these competitors were concerned about the potential implications of his pardon on the broader market. CZ's comments highlight the ongoing tensions

It might be too late for bitcoin’s quantum migration, Project Eleven report argues

A recent report by Project Eleven suggests that Bitcoin's transition to a quantum-resistant framework may be too late to effectively safeguard against potential quantum computing threats. The report highlights that advancements in quantum technology could compromise Bitcoin's cryptographic security, putting its future at risk. It emphasizes

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Strategy CEO Phong Le says company will sell BTC only in specific cases

7 major Bitcoin mining pools join Stratum V2, working group

CZ says crypto exchange rivals opposed his pardon bid

It might be too late for bitcoin’s quantum migration, Project Eleven report argues