Tag: Crypto

North Korean Hackers Infiltrated Crypto For Seven Years

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North Korean IT workers have been embedding themselves in crypto companies and decentralized finance projects for at least seven years, according to a cybersecurity analyst. “Lots of DPRK IT workers built the protocols you know and love, all the way back to DeFi summer,” said MetaMask developer and security researcher Taylor Monahan on Sunday.  Monahan claimed that over 40 DeFi platforms, some being well-known names, have had North Korean IT workers working on their protocols. The “seven years of blockchain dev experience” on their resume is “not a lie,” she…

Crypto Jumps 2.5% Amid Trump-Iran Deadline Threats

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Crypto markets bounced 2.5% as US President Donald Trump sent mixed signals over a potential deal with Iran to reopen the Strait of Hormuz, including reports of a possible ceasefire that could permanently end the war.  In an expletive-laden post on the Truth Social platform on Sunday, Trump threatened that Iran would be “living in Hell” if the Strait of Hormuz is not reopened. However, he also acknowledged in a Fox News interview that Iran is “negotiating now” and expressed optimism about a “good chance” of a deal within 24…

Rwanda Warns Against Bybit FRW to Crypto Offering

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The National Bank of Rwanda (NBR) has warned the public that crypto payments and trades using the local currency remain illegal in the country after Bybit added support for the Rwandan franc for its peer-to-peer platform on Friday.  “Crypto-assets are NOT authorized for payments, FRW conversion, or P2P trading involving FRW under the current framework,” the central bank posted to X on Sunday, urging citizens to avoid crypto due to “serious financial risks and no recourse in case of loss.” The central bank’s comments were in response to an X…

Crypto Token Glut Is Diluting Value And Breaking Investor Returns

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The rapid growth in the number of crypto tokens is outpacing the value they generate, creating an “existential” problem for the industry, according to Michael Ippolito, co-founder of Blockworks. In a series of posts on X, Ippolito noted that while total crypto market capitalization remains relatively strong, the average value per token tells a different story. “The average coin is only slightly higher than where it was in 2020 (!) and down ~50% since 2021,” he wrote. Median token returns have also deteriorated sharply. Most tokens are down roughly 80%…

Cambodian Lawmakers Propose Severe Prison Time for Crypto Scammers

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Cambodia’s parliament passed legislation targeting compounds used to defraud victims through scams, including those involving cryptocurrency. In a Friday notice, the Senate of the Kingdom of Cambodia announced that the chamber had unanimously approved the draft law with no amendment, with 58 senators voting yes. According to reports, the draft bill, which would still need the king’s approval before becoming law, imposed prison time between two to five years and up to $125,000 in fines for certain crimes, or twice the time in prison and penalties if part of a…

Execution Risk In Crypto Is The New Custody Risk

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Opinion by: Ido Sofer, founder and CEO at Sodot. The crypto industry is normally well ahead of its game when it comes to pure innovation and functionality, but security is a different matter.  For years, custody risk in crypto was defined by a single fear: the theft of private keys. The industry responded by hardening storage with cold storage, air-gapped systems, MPC and other methods. It then recognized that protecting only the keys is not enough, introducing transaction security and policies to prevent malicious transactions that steal funds, although the…

Crypto Derivatives Hit $18.6T In Q1 2026: CoinGlass

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Binance maintained its leading position in crypto derivatives trading in the first quarter of 2026, while decentralized exchange Hyperliquid broke into the top 10 venues by volume, according to CoinGlass. Derivatives trading remained the dominant force in the crypto market in Q1 2026, totaling $18.6 trillion compared with $1.94 trillion in spot trading, according to a CoinGlass report on Friday. The analysts said trading activity remained strong over the quarter, though liquidity and capital became even more concentrated at the top. “Q1 was not about euphoria. It was about recovery,…

Crypto Hackers Steal $168 Million from DeFi Protocols in Q1 2026

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Crypto hackers stole over $168.6 million in cryptocurrency from 34 decentralized finance (DeFi) protocols in the first quarter of 2026, falling significantly from the same period last year, according to data from DefiLlama.  The $40 million private key compromise of Step Finance in January was the largest exploit of the quarter, the data shows, followed by a smart contract manipulation that drained $26.4 million in ether (ETH) from Truebit on Jan. 8. The third-largest was a private key compromise targeting stablecoin issuer Resolv Labs on March 21. The quarterly figure…

Stablecoins Dominate Crypto Trading as Retail Activity Drops: CEX.io

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Stablecoins were a rare bright spot in an otherwise subdued crypto market in the first quarter, with supply growth and transaction activity pointing to sustained demand even as broader market conditions weakened. Total stablecoin supply increased by roughly $8 billion to a record $315 billion in Q1, according to data from CEX.IO. Although this marked the slowest pace of expansion since Q4 of 2023, it still represented growth during a period when the wider crypto market contracted. The data suggests investors rotated into stablecoins as a defensive strategy, boosting their…

SoFi Rolls Out Institutional Platform Combining Fiat and Crypto Rails

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Digital banking platform SoFi Technologies has launched Big Business Banking, a platform that allows companies to manage fiat and crypto transactions within a single regulated system. According to Thursday’s announcement, the offering enables companies to hold deposits, move funds and settle transactions around the clock using either traditional currencies or digital assets, consolidating functions that have typically been split across banks, custodians and crypto service providers. It also introduces support for issuing and redeeming the company’s stablecoin, SoFiUSD, allowing businesses to convert between fiat and onchain assets while keeping reserves…