Network News GOOGLE SAYS BREAKING BITCOIN IS EASIER THAN PREVIOUSLY THOUGHT: Breaking the Bitcoin blockchain with quantum computers may not be as difficult as once thought, and Bitcoin’s Taproot technology, which enables more efficient, private transactions, may be partly to blame, Google’s Quantum AI team said in a blog post and newly published whitepaper. The…
Welcome to our institutional newsletter, Crypto Long & Short. This week: Nilmini Rubin on the challenge facing crypto and traditional markets to create a hybrid, shared governance structure. Meredith Fitzpatrick covers how financial institutions must fundamentally rethink AML risk as crypto and TradFi converge. Top headlines institutions should pay attention to by Francisco Rodrigues. Maple…
Galaxy Digital (GLXY), the digital asset financial services firm founded by Mike Novogratz, said it recently contained a cybersecurity incident involving unauthorized access to an isolated development workspace, according to a statement from a company spokesperson. “An immaterial amount of company funds used for testing within the isolated development workspace was impacted,” the spokesperson said in…
Solana-based decentralized finance (DeFi) platform Drift warned users about an “active attack” on its platform Wednesday, saying it had suspended withdrawals and deposits. “We are coordinating with multiple security firms, bridges and exchanges to contain the incident,” the account said. Drift had earlier said it was investigating “unusual activity” on its protocol, prompting concerns that…
EDX Markets, the crypto exchange backed by Citadel Securities, has applied for a national trust bank charter, marking a new step in its push to serve institutional clients. The exchange submitted its filing to the Office of the Comptroller of the Currency on Wednesday, according to documents seen by CoinDesk. The move comes about three…
New Hampshire’s Bitcoin-backed municipal bond receives Ba2 rating from Moody’s, marking the first instance of a public finance instrument backed by cryptocurrency. New Hampshire issued a Bitcoin-backed municipal bond that received a Ba2 rating from Moody’s on April 1, 2026, marking an unprecedented first in public finance. The bond represents the first time a U.S….
Square is waiving processing fees for Bitcoin payments at US merchants for two years, with instant dollar conversion to reduce adoption barriers. Square has introduced a Bitcoin point-of-sale payments program for US merchants with zero processing fees through the end of 2026. The fee waiver removes transaction costs for small shops and local vendors accepting…
Crypto markets rose as oil prices retreated under $100 a barrel on growing expectations that the conflict could wind down within weeks. Crypto markets started April in the green, snapping a bruising first quarter with a late-March relief rally that continued into Wednesday as hopes of geopolitical de-escalation lifted risk assets across the board. Bitcoin…
Ten foreign nationals across four firms have been charged with orchestrating pump-and-dump schemes. Federal prosecutors in California have charged ten foreign nationals from four crypto market-making firms with orchestrating wash trading and pump-and-dump schemes to artificially inflate token prices at the expense of retail investors. Three defendants were arrested in Singapore, extradited to the United…
Onchain data shows more than a dozen asset types drained from the Solana perp DEX’s main vault address in a rapid burst of transactions. Solana-based perpetuals exchange Drift Protocol has suffered a series of large-scale outflows, with roughly $270 million in assets moving from the protocol’s vault address in a matter of minutes. The transfers…