Crypto News
‘Crocodilus’ Malware Steals Seed Phrases, Targets Crypto Users Globally
Threat Fabric’s Mobile Threat Intelligence (MTI) team has warned cryptocurrency users about a new variant of the Crocodilus mobile malware, now equipped with an automated seed phrase collector. Malware Features Seed-Phrase-Collecting Parser The Mobile Threat Intelligence (MTI) team at Threat Fabric has issued a warning to cryptocurrency users about a new variant of mobile malware,Source link
Ether, Dogecoin Surge Higher Than Bitcoin as DeFi Comments Spurs Bullish Mood
Bitcoin BTC stayed steady above $109,500 in Asian morning hours Wednesday, a rebound that started after last week’s profit-taking.However, all eyes are on ether ETH with traders commenting on upside volatility in the weeks to come and reporting record volumes for certain ETH-based products on some exchanges. ETH zoomed 5% in the past 24 hours, leading gains among majors.“Investors are finally recognizing the compelling investment opportunity that Ethereum presents. It’s still trading well below its all-time highs, while bitcoin is already near its ATH levels,” said Jeff Mei, COO at BTSE, in a message to CoinDesk. He pointed to Ethereum's growing role in tokenizing real-world assets like stocks, money-market funds, and U.S. Treasuries, adding that it was “very likely that...
Strive Asset Management CEO Says Bitcoin Is a Hedge Against AI
The company raised $750 million in a private investment in public equity (PIPE) transaction at the end of May to acquire bitcoin. Bitcoin As an AI Safety Net: Strive CEO Artificial intelligence (AI) may wipe out 50% of all entry-level white-collar jobs within five years according to Dario Amodei, CEO of AI firm Anthropic. Similarly,Source link
UK’s OpenTrade Raises $7M to Expand Stablecoin Yield Access in Inflation-Hit Markets
OpenTrade has raised $7 million in a strategic round led by Notion Capital and Mercury Fund, with backing from a16z crypto, AlbionVC, and CMCC Global. The latest funding brings the London-based company’s total haul to $11 million in just six months, a signal of investor confidence in the startup’s push to bring yield-bearing stablecoins to users in unstable economies.The company runs a “yield-as-a-service” platform designed for fintech apps, exchanges, and neobanks. Clients like Criptan in Spain and Littio in Colombia use OpenTrade’s backend to let users earn interest — up to 9% — on USD and EUR holdings.In countries like Argentina or Colombia, where dollar bank accounts are rare and offer negligible interest, apps powered by OpenTrade let users earn...
CLARITY Act Clears Two House Committees, Heads to House Floor for Vote
Two House committees have advanced the CLARITY Act, setting the stage for a floor vote that could shift primary crypto oversight.Source link