In today’s newsletter, Paul Frost-Smith, CEO of Komainu, covers how institutional crypto is converging with traditional finance, but speed can introduce risk if legal and compliance layers aren’t aligned. Then, in “Ask an Expert,” Sam Boboev, from the “Fintech Wrap Up,” details the key coordination risks institutions must solve for. Beyond custody: why connectivity will…
Naoris Protocol debuted its quantum-resistant blockchain Thursday, which it says is designed to stay secure even against future powerful quantum computers that could break modern day cryptography. “Mainnet represents the transition from proof-of-concept to production infrastructure. The network has already validated over 100 million transactions using post-quantum cryptography. That is not a roadmap promise; it…
The Nasdaq mostly erased an early 2% loss Thursday after reports that Iran is drafting a protocol with Oman to manage traffic through the Strait of Hormuz, easing concerns about disruptions to a key global oil route. WTI crude oil — which had surged to nearly $115 per barrel as President Trump vowed to continue…
The attack on Drift Protocol was not a hack in the traditional sense. Nobody found a bug or cracked a private key. There wasn’t a flash loan exploit or manipulated oracle either. Instead, an attacker used a legitimate Solana feature, ‘durable nonces,’ to trick Drift’s security council into pre-approving transactions that would be executed weeks…
Social media platform X is preparing a new security measure aimed at shutting down a widespread form of crypto phishing that leverages hijacked accounts to promote scam tokens. The company will soon auto-lock any account that mentions cryptocurrency for the first time in its history, according to the company’s Head of Product Nikita Bier. Users…
Bitcoin is trading choppily around $66,600, as the extended holiday weekend sidelines potential buyers and gives bears greater control over price action. With CME futures and ETF flows set to pause over Good Friday, the market is heading into a liquidity gap just as its most reliable source of support is already weakening. Bitcoin’s $65,000…
Coinbase (COIN) said Thursday it had received initial approval for a national trust company charter from the U.S. Office of the Comptroller of the Currency, Bloomberg reported, marking a step toward it operating as a federally regulated crypto custodian. The approval is not final. It is a conditional green light that sets out requirements Coinbase…
The U.S. Commodity Futures Trading Commission and Department of Justice filed lawsuit against Illinois, Arizona, Connecticut and various state officials on Thursday over the state’s efforts to shutter prediction market providers. Illinois, alongside numerous other states, sent cease-and-desist letters to some prediction market providers, arguing that the companies were offering sports gambling products that should…
The U.S. Department of Justice will be helmed by Todd Blanche, the deputy attorney general, President Donald Trump announced Thursday, after removing Attorney General Pam Bondi from the position. Blanche represented Trump in his criminal case in New York prior to Trump’s reelection as U.S. President in 2024. Trump named him deputy attorney general after…
President Donald Trump’s renewed aggressive posturing toward Iran has pushed bitcoin lower by roughly 2% over the past 24 hours to $67,000. While this price action is consistent with routine volatility, beneath the surface, market structure looks fragile. This is mainly due to flows in the Deribit-listed options market, specifically, a build-up of defensive positioning…