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Cryptocurrency industry
Trends
- 1North Korean Hackers Used Deepfakes to Rob Crypto Developers▼North Korean hackers deepfaked their own faces to rob crypto developers
North Korean hackers used deepfake technology to fake their own faces during video interviews, posing as recruiters or employers to target cryptocurrency developers. By impersonating trustworthy identities in live calls, they gained access to victims' crypto projects and stole funds. The case highlights how state-linked actors are combining AI-generated imagery with social engineering to breach the crypto industry.
- 2Crypto Hack Exposes Weaknesses in Permissionless Idealism▼CASE STUDY | This Hack Has Exposed Crypto’s Permissionless Idealism
A case study argues that a recent cryptocurrency hack has laid bare the flaws in the industry's permissionless idealism, showing how the absence of central controls can leave users and funds exposed when things go wrong. The piece examines how decentralized systems handled, or failed to handle, the fallout of the breach.
- 3
Bitcoin rose in price as the US Securities and Exchange Commission signalled plans for a new rule governing cryptocurrency holdings by investment advisers. The proposed rule would set custody requirements for how advisers safeguard clients' digital assets, and the announcement lifted crypto prices as traders read it as regulatory movement on a key issue for the industry.
- 4Trump became a crypto billionaire on his return to the White House●Trump spent years describing crypto as a scam. And on the day he returned to the White House, he became a crypto billion
Donald Trump, who spent years calling cryptocurrency a scam, reportedly became a crypto billionaire on the day he returned to the White House. Critics say his entire family is now profiting from the industry through Bitcoin mining and coin ventures, with the Wall Street Journal reporting on the scale of the Trump family's growing crypto fortune.
- 5Clarity Act crypto bill collapses after failed procedural vote●"After years of political pressure, hundreds of millions of dollars to fund the campaigns of pro-crypto politicians, and
A broad-ranging US cryptocurrency market bill, the Clarity Act, has collapsed after a procedural vote to advance it failed. The defeat came despite years of political pressure, at least $8 million in lobbying, and hundreds of millions of dollars in campaign funding for pro-crypto politicians. Observers are treating it as a major setback for the crypto industry's legislative push in Washington.
- 6
Community banks are pushing back against cryptocurrency regulations, according to a report by GV Wire. The challenge signals growing friction between smaller banking institutions and regulators over rules governing digital assets. Community banks argue the requirements burden institutions of their size, though details of the specific rules and the banks' demands remain sparse in the initial coverage.
- 7Tom Emmer faces questions over crypto campaign cash●Tom Emmer faces questions over crypto campaign cash | Letter to Editor
US Representative Tom Emmer of Minnesota is facing questions about campaign donations linked to the cryptocurrency industry, raised in a letter to the editor published by the St. Cloud Times. Emmer has been a prominent supporter of crypto-friendly legislation in Congress, prompting scrutiny of the relationship between his policy positions and the industry's financial backing.
- 8
A cryptocurrency businessman has filed a lawsuit against a venture tied to the Trump family, alleging fraud. The suit targets the Trump family's crypto business interests, though details of the claims and the parties involved were not immediately available. The case adds legal pressure to the Trump family's growing involvement in the digital asset industry and is likely to draw scrutiny as it moves through the courts.
- 9Geraldo Rivera calls Trump's crypto deals 'outrageously corrupt'●Geraldo Rivera: Trump’s crypto deals ‘outrageously corrupt’
Veteran journalist Geraldo Rivera has publicly accused Donald Trump of running crypto deals he describes as 'outrageously corrupt'. Rivera, once a staunch Trump defender, criticised the president's financial entanglements in the cryptocurrency industry, calling them a serious ethical breach. His remarks add to growing scrutiny from commentators over Trump's crypto ventures and the potential for conflicts of interest while in office.