Coindesk
Crypto News Source: coindesk.com
Microsoft Raises Alarm of Malware Targeting Coinbase, MetaMask Wallets
Tech giant Microsoft shared a new report warning of malware that targets 20 of the most popular cryptocurrency wallets used with the Google Chrome extension.Microsoft’s Incident Response researchers raised alarms of a new remote access trojan (RAT), dubbed StilachiRAT, which could deploy “sophisticated techniques to evade detection, persist in the target environment, and exfiltrate sensitive data,” the team shared in a blog post.According to the team, the malware was discovered in November 2024, and it could steal users' wallet information, and any credentials, including usernames and passwords, stored in their Google Chrome browser. StilachiRAT targets 20 crypto wallets including some of the most widely-used ones like MetaMask, Coinbase Wallet, Phantom, OKX Wallet, and BNB Chain Wallet.While the malware has not...
Michael Saylor’s Strategy Funding More Bitcoin Purchases With New Preferred Stock
Strategy (MSTR) Tuesday morning unveiled its latest twist at raising funds from capital markets to fund additional bitcoin (BTC) purchases, but there are indications the Wall Street spigot is slowing.The company's Perpetual Strife Preferred Stock (STRF) offers a fixed 10% annual cash dividend, paid quarterly, according to an SEC filing If dividends are unpaid, they compound at an additional 1% per year (quarterly), up to a maximum of 18%. The first dividend payment is scheduled for June 30, 2025.Strategy's initial preferred series (STRK) initially offered only an 8% interest rate. And Strategy's series of convertible debt offerings came with negligible or even 0% interest rates (different product than preferred, of course).Unlike common stock, STRF holders do not have voting rights...
Industrial Tech Giant Siemens Adopts IoT Blockchains From Minima
Siemens, Europe’s largest industrial technology company, is working with distributor ledgers for the internet of things (IoT) builder Minima, to embed blockchains into the German giant’s devices across the automotive, robotics and energy sectors.Minima is working with Siemens Cre8Ventures division, an initiative to accelerate industrial transformation by collaborating with startups in the fields of AI, digital twins, cybersecurity, and more, the companies said in a press release on Tuesday.A gradual evolution of computing capabilities towards the edges of networks has seen a greater need for security and data integrity to be embedded within these edge devices at scale, which is where IoT-level blockchains are usefulIt’s an interesting shift since blockchain technology might have originally been thought of as the antithesis...
CoinDesk 20 Performance Update: Index Drops 3.3% as All Assets Trade Lower
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 2571.75, down 3.3% (-88.79) since 4 p.m. ET on Monday.None of the 20 assets are trading higher.Leaders: APT (-0.2%) and BCH (-0.7%).Laggards: LTC (-5.6%) and FIL (-5.5%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link
Coinbase Initiated at Outperform at Bernstein; Best-Positioned to Benefit From Regulatory Tailwinds
The crypto industry is expected to join the financial mainstream in the U.S. as the regulatory environment improves, and Coinbase (COIN) is well positioned to benefit from these tailwinds, broker Bernstein said in a report Monday.Bernstein initiated coverage of the crypto exchange with an outperform rating and a $310 price target. The shares dropped 2% to $185.20 in early trading.Regulatory clarity will result in more competition for Coinbase from fintech companies, brokers and banks, the report said.Still, a "strong bull market and rising U.S. onshore dominance" is expected to more than offset market share and pricing pressures, analysts led by Gautam Chhugani wrote. An improving regulatory backdrop under Donald Trump's new administration is viewed as a huge tailwind for digital...