Coindesk

A $150 million theft targeting Ripple co-founder Chris Larsen has been traced back to a security lapse involving the password manager LastPass, according to a forfeiture complaint filed by U.S. law enforcement on March 6 flagged by blockchain sleuth ZachXBT.ZachXBT shared that the complaint detailed how Larsen’s private keys — or code to access one’s token holdings — were stored in LastPass, the widely used password manager that suffered a major breach in 2022.At the time, hackers stole source code and technical data by compromising a developer's account. By November of that year, they used this access to infiltrate a cloud storage system, stealing encrypted customer password vaults and unencrypted metadata for an estimated 25 million users.Although ‘vaults’ were encrypted,...

The much-anticipated White House Crypto Summit on Friday ended with a whimper rather than a bang for cryptocurrency traders, sending altcoins like XRP, Cardano’s ADA, and Solana’s SOL into steeper declines than market leader bitcoin (BTC).Investors had pinned high hopes on President Donald Trump’s pro-crypto stance, expecting bold announcements about a U.S. strategic crypto reserve that would prominently feature major altcoins.Instead, the summit delivered a more subdued outcome: a framework for stablecoin legislation before August and assurances of a lighter regulatory touch—moves that failed to ignite the market as anticipated.Trump said it was "foolish" that the federal government had already sold so much of its seized bitcoin, adding that the country will a colloquial rule of “never sell your bitcoin.”XRP...

Crypto exchange and custodian Gemini has confidentially filed for an initial public offering (IPO), Bloomberg reported, citing people familiar with the matter. The firm, founded by billionaire Cameron and Tyler Winklevoss, is working with Goldman Sachs and Citigroup, the report said, noting that no final decision has been made on the listing.The potential IPO comes after the U.S. Securities and Exchange Commission (SEC) ended its investigation into Gemini without taking action, according to a February post by Cameron Winklevoss. The company also settled a separate Commodity Futures Trading Commission lawsuit in January for $5 million.Gemini is among several crypto firms lining up to list their companies in the U.S. public market after the SEC has been in a full-scale litigation...

WASHINGTON, D.C. — As he walked out of the White House's crypto summit on Friday, Coinbase CEO Brian Armstrong said his U.S. exchange is planning to hire a thousand people because of the policy progress the industry seems to be making at the beginning of President Donald Trump's second term."It's only been, what, 50 days or something like that, and it's already created enough of a tailwind that we feel more confident in investing in the United States and growing our business here," Armstrong told CoinDesk. He said the hiring would take place this year.Coinbase, specifically, watched the U.S. Securities and Exchange Commission completely abandon its pivotal enforcement action against the leading U.S. crypto platform. The company had been fighting...

Federally regulated banks can engage in a range of cryptocurrency activities without prior approval, The Office of the Comptroller of the Currency (OCC) said, in a new interpretive letter and statement.In a new interpretive letter, the OCC clarified that national banks and federal savings associations can legally provide crypto custody, conduct certain stablecoin-related activities, and run nodes. “The OCC expects banks to have the same strong risk management controls in place to support novel bank activities as they do for traditional ones,” said Acting Comptroller of the Currency Rodney E. Hood. “Today’s action will reduce the burden on banks to engage in crypto-related activities and ensure that these bank activities are treated consistently by the OCC, regardless of the...