Hack of a single multisig wallet could drain 12 Ethereum L2s of $121M
One wallet has upgrade permissions for 12 Ethereum scaling networks, but Conduit founder Andrew Huang says it can’t transact without three signatures which would take a trio of physical attacks.
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Bears aim for sub-$60K Bitcoin price ahead of Friday’s $1.1B options expiry
Bitcoin (BTC) entirely recovered from its recent drop that saw the price fall to the $53,000 support level. This move back to $57,500 relieved bulls from the negative pressure of the May 7, 3,500 BTC options contract, which represents $200 million in open interest along with a $1.1 billion options expiry.Today's swift recovery could have…

SEC Ethereum ETF discussions underway, S-1 approval expected in hours
Eleanor Terrett revealed that the SEC had started discussions with Ethereum ETF issuers regarding S-1 forms on May 22.

Circle selects BNY Mellon as custodian for USDC reserves
The firm previously said its reserves would be in cash and treasuries. 472 Total views 11 Total shares On Thursday, USD Coin (USDC) operator Circle announced that it had selected financial institution BNY Mellon as the custodian of its USDC reserves. Founded in 1784, BNY Mellon is one of the oldest banks in America and…

Police Arrest Indian Crypto Exchange Co-Founder for Unregistered ‘Illegal’ Bitcoin ATM
The co-founder of Indian crypto exchange Unocoin has been arrested shortly after setting up an allegedly unregistered Bitcoin (BTC) ATM machine in Bangalore, English-language daily Times of India reports Oct. 24.The 37-year-old co-founder, Harish BV, was apprehended by police after having reportedly installed the ATM kiosk at Kemp Fort Mall on Old Airport Road, together…

Women-led startup to help consumers monetize their data through blockchain
Greta Menzies, the co-founder of Chain Collective, says that blockchain can change the “economics of data between consumers and businesses.” 51 Total views 1 Total shares Web2 lets big tech companies collect consumer data without paying the people behind the statistics. However, the advent of Web3 technologies may change the way data is collected and…

Cyprus Securities Regulator Calls for Adoption of EU Anti-Money Laundering Framework
The Cyprus Securities and Exchange Commission (CySEC) is calling for the transposition of the European Union (EU)’s Fifth Anti-Money Laundering (AML) Directive (AMLD5) into national law — bringing local regulation of cryptocurrencies under its provisions. CySEC’s announcement and consultation paper on the matter were published on Feb. 19.Тhe directive, which came into force on July…

World's first fully anonymous DAO created to 'defend freedom'
Everything about this DAO is designed to be completely anonymous and invisible on the blockchain, said Bitcoin OG Amir Taaki.