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The Bitcoin Entropy Nightmare: ColdCard Vulnerability Analysis Report. Critical Vulnerability in ColdCard Wallets: The $38 Million Crisis.
🚨 $38 MILLION IN BITCOIN STOLEN. 🚨 Not by a phishing link. Not by human error. By a fatal hardware wallet bug. Nearly 600 BTC have been drained due to a critical low-entropy flaw in ColdCard wallets. A firmware bug dropped seed generation from an unbreakable 128 bits down to a predictable 40 bits. That…
Bitcoin-native DeFi Infrastructure: Alpen Labs Testnet III Launch
Bitcoin-native DeFi infrastructure just got a significant stress test. Alpen Labs announced that more than 21 integration partners have begun integrating on Testnet III, marking one of the more ambitious validation efforts yet seen for a project trying to bring lending, borrowing, and stablecoin minting to Bitcoin’s base layer. The scale of partner participation before…
US Senator Blasts AG Nominee for ‘Dismantling’ DOJ Crypto Unit, Trump’s CZ Pardon
Acting US Attorney General Todd Blanche faced backlash Wednesday over the Justice Department’s (DoJ) enforcement of crypto-related crimes and other actions as President Donald Trump’s former personal attorney appeared before a Senate hearing considering his nomination to lead the agency. The ranking Democrat, Senator Dick Durbin, used part of his opening statement at the Senate…
KuCoin Pay Wants Crypto to Blend into Local Payment Rails
A customer walks into a café in Peru and wants to pay with crypto. The café accepts QR payments, but it has no crypto wallet or special crypto checkout. At that point, the customer would usually need to convert the funds or choose another way to pay. KuCoin Pay is trying to solve this problem…
Morgan Stanley’s Bitcoin ETF Is A Roaring Success
Wall Street giant Morgan Stanley Bitcoin exchange-traded fund now has close to $400 million in assets under management — despite only launching in April. The NYSE Arca-listed fund, which is the first by a bank, got off to a roaring start when it debuted, bringing in over $33 million in fresh cash on its first…
Crypto hacks return: Is $35M in exploits the start of another DeFi FUD cycle?
Is another wave of DeFi FUD building beneath the surface? Flashback to the Q1-Q2 cycle, the crypto market went through one of its biggest DeFi security scares after three back-to-back hacks wiped out over $600 million. The result was a sharp liquidity outflow, with DeFi TVL dropping to Q2 2024 levels at just over $65…
