Day: May 1, 2025

The case for enterprise-grade custody solutions

boss

Opinion by: Vikash Singh, Principal Investor at Stillmark The Bybit hack resulted in the largest loss of funds to cyber hackers by a cryptocurrency exchange in history. It served as a wake-up call for those complacent about the state of security threats in the digital assets space. Everyone must learn the lesson from this heist — enterprise-grade custody solutions require tech to be accompanied by transparency. Unlike many previous incidents, this loss of funds was not due to a faulty smart contract, lost/mismanaged keys or deliberate mismanagement or rehypothecation of…

Morgan Stanley to Launch Crypto Trading via E*Trade in 2026

Key Notes Morgan Stanley plans to launch crypto trading on E*Trade by 2026. The initiative is part of efforts to make crypto accessible to mainstream consumers. The project is in partnership discussions with crypto firms to enable trading. Morgan Stanley is preparing to introduce cryptocurrency trading on its E*Trade brokerage platform. If successful, this move would mark a significant step for a major U.S. financial institution in making crypto assets more accessible to mainstream consumers. The financial services firm plans to list crypto assets on E*Trade in 2026. This initiative…

Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight

boss

Crypto firms are no longer just challenging the traditional financial system — they are increasingly becoming part of it. Companies like Circle and BitGo are reportedly pursuing banking charters and preparing for a wave of incoming stablecoin legislation that could further blur the lines between crypto firms and traditional banks. In the US, two major bills — the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act and the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act — aim to introduce new rules on stablecoin issuers,…

XRP Price Analysis: Moving Averages Align in Bullish Formation

XRP opened May 1, 2025, trading within a tight intraday range of $2.15 to $2.24, maintaining a current price of $2.22. With a total market capitalization of $130 billion and daily trading volume of $2.94 billion, XRP remains in a key consolidation phase with signals suggesting cautious optimism across multiple timeframes. XRP On the 1-hour […] Source CryptoX Portal

Best AI Crypto Coins to Invest In as ChatGPT Creator Launches World Crypto Project

boss

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin is hovering near $95K, but the real action is shifting elsewhere. A shiny metal ball of near-limitless power is soon coming to transform your life if you live…

Malaysia seizes 45 Bitcoin mining machines tied to $8,000 monthly power theft

boss

Malaysian authorities have dismantled a bitcoin mining syndicate allegedly involved in large-scale electricity theft in the Hulu Terengganu and Marang districts, police said on Wednesday. The raids, conducted during Op Letrik by Terengganu police in collaboration with Tenaga Nasional Berhad’s Special Engagement Against Losses unit, uncovered 45 illegal Bitcoin (BTC) mining machines across two premises — a residential site in Bukit Perpat and a commercial property in Wakaf Tapai, according to local reporting.  Terengganu police chief Datuk Mohd Khairi Khairuddin said the operation targeted properties believed to have been modified…

Ethereum to simplify crosschain transactions with new token standards

boss

Ethereum developers are working to improve blockchain interoperability with two new token standards: ERC-7930 and ERC-7828. “There’s no standard way for wallets, apps, or protocols to interpret or display this information,” decentralized finance (DeFi) ecosystem development organization Wonderland wrote in a May 1 X post. Wallets, decentralized applications (DApps), block explorers and smart contracts follow different rules. “The result? A messy, inconsistent experience that breaks cross-chain UX,“ Wonderland stated. Wonderland is a group of developers, researchers and data scientists focused on improving the Ethereum DeFi ecosystem. The organization partnered with…

Best Altcoins on Solana to Explode as Investor Interest in $SOL ETF Skyrockets

boss

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. According to Bloomberg Intelligence, the likelihood of US regulators approving a Solana ETF (exchange-traded fund) is now a whopping 90%. This is particularly noteworthy because the company’s odds for a $SOL ETF were just 70% back…

KiloEx Hack: Binance Helped Recover $6.1 Million In Lost Funds

Key Notes Binance exchange’s security team joined a few others to investigate and track the $7.5 million fund. The attacker executed a series of transactions on Base, BNB Chain, and Taiko networks which were tracked. KiloEx gave the hacker a 10% bounty, but Binance’s recovery nullifies it. Under the leadership of CEO Richard Teng, Binance has played an important role in recovering stolen funds from the KiloEx hack. The exchange successfully recovered over $6.1 million in cryptocurrencies after the decentralized exchange (DEX) suffered an attack that resulted in the loss…

Stablecoin to Back $2B MGX Binance Deal

Key Notes MGX will invest $2 billion in Binance using World Liberty’s USD1 stablecoin. Eric Trump announced the investment during Token2049 Dubai. USD1 stablecoin will also be available on the Tron blockchain. MGX, a UAE-based investment firm, will use World Liberty Financial’s stablecoin, USD1, to finalize its $2 billion commitment to Binance, a prominent crypto platform. According to Eric Trump, USD1, which is linked to US President Donald Trump, will serve as the official stablecoin for this substantial investment in Binance. Eric Trump, the son of Donald J. Trump and…