Crypto News

Malaysia’s top energy provider says illegal crypto mining is straining the grid, with electricity thefts tripling since 2018.Source link

Welcome to Latam Insights, a compilation of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition, Bolivia completes a crypto comeback story by announcing its digital currency, the Brazilian stock exchange launches SOL and ETH futures, and Belo Horizonte aims to become a bitcoin capital. De-DollarizationSource link

Lido, Ethereum’s largest liquid staking protocol, avoided a major security incident after one of its nine oracle keys was compromised in what appears to be a low-impact but serious breach involving validator operator Chorus One.Lido secures over 25% of all ETH staked on Ethereum, making it one of the most systemically important protocols in the Ethereum ecosystem.The compromised key was tied to a hot wallet used for oracle reporting, leading to the theft of just 1.46 ETH ($4,200) in gas fees. No user funds were affected, and no broader compromise was detected, per X posts from both Lido and Chorus OneLido’s oracle system is a blockchain-based tool that supplies Ethereum consensus data to Lido’s smart contracts using a 5-of-9 quorum...

Zimbabwe has launched a blockchain-enabled carbon credit registry to enhance transparency and restore investor trust after previous disruptions in the carbon credit market. In 2023, the country faced backlash for abruptly canceling projects and claiming a portion of proceeds, affecting developers like the Kariba Redd+ Project. Authorities have since established the Zimbabwe Carbon Markets AuthoritySource link

Bitcoin BTC could soon hit record price highs, triggering accelerated gains in the wider altcoin market, as easing U.S.-China trade tensions may see markets react positively to a potential slowdown in the April CPI due this week.The United States has reached a trade agreement with China after two days of high-level negotiations in Geneva, U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer announced on Sunday. Both countries are set to issue a joint statement on the Geneva trade talks later Monday.The trade deal comes after weeks of a tit-for-tat trade war that saw both countries raise import tariffs above 100%, threatening to inject inflation into the global economy. As such, the positive March U.S. consumer price inflation data released last...