Best of cointelegraph.com on Kiwi News
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170 stories from cointelegraph.com have been shared on Kiwi News since 20 April 2023, with 345 upvotes and 60 comments in total. The latest was shared on 19 May 2026. The 50 most upvoted are listed below.
Text under a title is an AI summary of the linked article.
- Bitcoin hashrate down ~15% since June 15, steepest drop in 3 years
Bitcoin's hashrate fell more than 15%, from nearly 943.6 billion TH/s on June 15 to 799.9 TH/s on Tuesday, the steepest three-year drop according to Blockchain.com data. Many in the cryptocurrency community have blamed Iran, but the article finds that connection weak: only a little over 3% of the decline coincided with recent Iranian events, and the hashrate had already fallen more than 6.25% before the US strike or the internet blackout. The article points instead to a US heatwave, rising electricity prices and low-profit mining facilities shutting down. It also notes that network hashrate is calculated from block time and mining difficulty rather than measured directly, so the figure is imprecise.
- New crypto scam drains users' wallets without transaction approval
A new Telegram phishing scam drains victims' crypto wallets without a transaction approval, according to user reports and blockchain data cited by Cointelegraph. A user said he lost over $600 worth of Open Exchange (OX) tokens after connecting his wallet through a fake Collab.Land verification bot that mimicked the real one. Blockchain data shows the attacker called the Permit function on the OX token contract about 1 hour and 40 minutes before the transfer, setting a very large value, and the victim appears to have unknowingly signed a message granting that authority. Developers of Collab.Land confirmed the bot and website were not associated with their protocol and reported the scam to Telegram.
- EU enacts ban on anonymous crypto transactions via self-custody wallets
The European Parliament's lead committees have dropped a proposed 1,000 euro ($1,080) limit on cryptocurrency payments from self-hosted wallets from new anti-money laundering rules, the Anti-Money Laundering Regulation (AMLR). The committees passed the AMLR on March 19, and it is expected to be fully operational around 2027 after approval from the EU Council and the Parliament plenary, which next sits on April 10. Crypto exchanges, called CASPs, must still verify the identity of users making business transactions of at least 1,000 euros. Pirate Party Germany MEP Patrick Breyer called the laws a "war on cash" and said anonymous transactions are a fundamental right.
- Aave tumbles following rumors regarding World Liberty token allocation
Aave's AAVE token fell more than 8% on Saturday after rumors that the DeFi protocol would receive a different token allocation from World Liberty Financial (WLFI), a DeFi platform backed by members of Donald Trump's family. Blockchain reporter Colin Wu said the WLFI team told WuBlockchain that the claim that Aave will receive 7% of the total WLFI token supply is false. The rumor referenced an October 2024 WLFI community proposal that would give the Aave DAO 7% of the WLFI governance token's circulating supply and 20% of protocol revenues from the WLFI deployment on Aave v3. Aave founder Stani Kulechov called the proposal "the art of the deal" and signaled its terms were still valid, and the token fell from about $385 to a low of $339 before rebounding to about $352.
- Hardware wallet Ledger launches offline recovery key for new wallets
Ledger has introduced Ledger Recovery Key, an optional offline physical tool that lets users recover private keys without cloud services, identity verification or personal details. The smart card stores private keys on an NFC connection and is protected by its own PIN, and it supports only the Ledger Flex and Ledger Stax wallets. According to the company, the tool was tested internally by its Donjon team and externally audited by Synacktiv, and its application code is open-sourced on GitHub. Ledger's chief technology officer, Charles Guillemet, said the product will launch soon.
- Binance's CZ pleads guilty to violating anti-money laundering requirements
Binance founder Changpeng "CZ" Zhao has reportedly agreed to step down as CEO as the U.S. Department of Justice prepares to announce a $4.3 billion settlement with the company, according to The Wall Street Journal. CZ is scheduled to appear in federal court in Seattle on Nov. 21 to plead guilty to a criminal charge related to violating Anti-Money Laundering statutes. The deal would let him keep his majority stake in Binance but bar him from holding an executive position. The Journal also reported that the plea deal does not resolve the SEC lawsuit filed against Binance in June, though the settlement covers the CFTC case and outstanding claims from the U.S. Treasury Department. Neither Binance nor the DOJ responded immediately to requests for comment.
- Lufthansa airline launches NFT loyalty program on Polygon
Lufthansa has launched an NFT loyalty program on the Polygon Network through its Uptrip mobile app, which lets passengers turn their flights into collectible NFTs that unlock rewards. The app was announced on Aug. 31 by Lufthansa Innovation Hub, the airline group's digital innovation unit, and Miles & More, its frequent flyer program. Passengers scan their boarding passes to receive NFT trading cards, connect a crypto wallet to mint and transfer them, and earn rewards such as flight upgrades, lounge access, frequent flyer status or award miles upon completing collections. The announcement reported over 20,000 sign-ups and 200,000 NFT trading cards minted.
- Kraken to delist Tether USDT, 4 other stablecoins in Europe
Kraken is delisting Tether's USDT and four other stablecoins in the European Economic Area to comply with the EU's Markets in Crypto-Assets Regulation (MiCA). According to the exchange's announcement, USDT will be fully delisted on March 31, with PayPal USD (PYUSD), Tether EURt (EURT), TrueUSD (TUSD) and TerraClassicUSD (UST) also being removed. The process is staged, beginning with "reduce-only" margin pairs on Feb. 13, moving to "sell-only" mode by Feb. 27, and halting spot trading on March 24. Kraken says the changes ensure it remains compliant for European clients, and that the delistings affect clients in 30 countries.
- Just a moment...
Solana co-founder Anatoly Yakovenko said memecoins and NFTs are "digital slop" with no intrinsic value, comparing them to loot boxes in free-to-play mobile games, in an X post on Sunday. The comment came during a debate with Base creator Jesse Pollak, who argued that the content itself is valuable, much as a painting is. Yakovenko acknowledged that Solana would not be where it is without memecoins, but claimed Apple's revenues would also be negligible without loot boxes. Syndica reported that memecoins accounted for 62% of Solana network's decentralized app revenue in June, a new all-time high.
- Fix AI’s data theft problem with onchain attribution
Ram Kumar, core contributor at OpenLedger, argues that people whose online posts, blogs and forum replies trained AI models should be paid through onchain attribution systems, a model he calls Payable AI. He proposes tagging each training item with a digital receipt and sending a small payment to the original creator each time the model is used, similar to music royalties and credited open-source code. He warns that without such tracking, AI could become a black market of stolen insights, and that intelligence could end up controlled by a few companies such as OpenAI, Meta and Google.
- Crypto spoofing for dummies: How traders trick the market
- Joe Lubin confirms SWIFT is using Linea to build its new payments system
Consensys CEO Joe Lubin has confirmed that SWIFT will build its recently announced blockchain payment settlement platform on Ethereum layer 2 Linea, which SWIFT did not name in its announcement. Lubin made the remark in a fireside chat at the Token2049 conference in Singapore, saying SWIFT had to "soft roll out" the "big news." The article reports that Bank of America, Citi, JPMorgan Chase, and Toronto-Dominion Bank are among firms set to take part in trials on Linea. Linea has $2.27 billion in total value locked, the fourth largest among Ethereum layer 2s according to L2BEAT data.
- BIS says stablecoins fail as money, calls for strict limits on their role
The Bank for International Settlements (BIS) argues in its Annual Economic Report 2025 that stablecoins fail as money and should play only a limited, well-regulated role. The report says stablecoins fail the tests of "singleness," "elasticity" and "integrity," describing them as "digital bearer instruments" that resemble financial assets more than money. It says private issuers and fluctuating trading rates undermine singleness, and that full upfront payment for new supply makes them inflexible under shocks. It also says their design, especially on unhosted wallets, makes them prone to money laundering, sanctions evasion and terrorist financing. Circle's stock fell more than 15% after the report, to $222, and crypto commentators criticized the BIS's stance, which Jim Walker of Aletheia Capital called "hysterical."
- Pectra lets hackers drain wallets with just an offchain signature
Security researchers Rudytsia and Usman warn that Ethereum's Pectra upgrade opened a new attack vector that lets hackers drain user wallets using only an offchain signature. Rudytsia says hardware wallets are now at the same risk as hot wallets for signing malicious messages, and that if a malicious signature is completed, "all the funds are gone in a moment." Usman says EIP-7702 delegation messages may appear as 32-byte hashes that bypass normal wallet warnings, and that EIP-7702 signatures with chain_id = 0 can be replayed on any Ethereum-compatible chain.
- Quantum computer ‘threat’ to crypto is exaggerated — for now
Researchers at Shanghai University reported in a peer-reviewed paper, as covered by the South China Morning Post on Oct. 11, that a D-Wave quantum computer could breach multiple full-scale SPN-structured encryption algorithms, but experts quoted by Cointelegraph say the threat to crypto is exaggerated for now. Massimiliano Sala of the University of Trento said the paper lacks details and that its significance depends on whether RSA keys of bank-used sizes were broken, adding "There is no evidence of that." Takaya Miyano of Ritsumeikan University noted the factored integer was 22 bits, far shorter than the usual 1,024 bits or more for real RSA keys.
- Valve’s Counter-Strike 2 update crashes $5.8B economy, revives NFT debate
Counter-Strike 2 cosmetic item prices crashed after a Valve update changed the trade-up system, and blockchain proponents have cited the episode to argue for smart contracts and NFTs in games. Esports News reported an Oct. 8 skin market high of nearly $5.78 billion, and Eurogamer reported that almost $2 billion of it was liquidated after the update. The update let players convert five low-rarity covert-level skins into a knife or a pair of gloves, which were previously exceedingly rare, instantly increasing their supply and driving down prices. Martin Kupka of Win Win said NFTs alone would not have prevented the crash because Valve retains control over the items, though smart contracts could make rules immutable.
- Kraken pauses Monero deposits following 51% attack
Kraken has temporarily paused Monero (XMR) deposits because a single mining pool, Qubic, gained more than 50% of the network's hashing power. Kraken said the concentration of mining power poses a potential risk to network integrity. Qubic, a layer-1 AI-focused blockchain and mining pool, claimed on Monday that it controlled the majority of Monero's hashrate and reorganized six blocks, which Monero community members denied. Qubic spokespeople said on Tuesday that the pool reached 51% after a month-long confrontation, following a DDoS attack on August 4 that reduced its hashrate from 2.6 GH/s to 0.8 GH/s, according to Sergey Ivancheglo.
- SuperRare $730,000 exploit was easily preventable
SuperRare's staking contract lost around $731,000 in RARE tokens in an exploit on Monday, which experts say a basic testing step could have prevented. Cyvers identified the exploit, and the flaw was a logic error in a function meant to let only specific addresses modify the Merkle root, which determines user staking balances. Cointelegraph verified that OpenAI's o3 model identified the flaw when tested, and co-founder Jonathan Perkins said no core protocol funds were lost, 61 wallets appear affected, and affected users will be made whole.
- Zero-knowledge proofs, explained
- Mac users warned over malware ‘Cthulhu’ that steals crypto wallets
Cado Security has warned Mac users about "Cthulhu Stealer," a new macOS malware strain that steals personal information and targets cryptocurrency wallets. The malware disguises itself as legitimate software such as CleanMyMac and Adobe GenP, prompts users for their password, then presents a second prompt for the MetaMask wallet password. Cado researcher Tara Gould said the malware is very similar to Atomic Stealer, which was identified in 2023, and that its developer "probably took Atomic Stealer and modified the code." The malware was rented to affiliates for $500 per month via Telegram, but its operators are reportedly no longer active following payment disputes.
- BlackRock’s Larry Fink says he was wrong, calls Bitcoin digital gold
BlackRock CEO Larry Fink said in a CNBC interview with Jim Cramer that he was "wrong" about Bitcoin, calling it "digital gold" and a "legitimate" financial instrument after previously being a self-described "proud skeptic." Fink said Bitcoin allows investors to potentially earn uncorrelated returns and described it as an instrument people invest in when more frightened, particularly when countries debase their currencies through excess deficits. The article notes that BlackRock's iShares Bitcoin Trust (IBIT) overtook Grayscale Bitcoin Trust (GBTC) as the largest Bitcoin ETF in May, with year-to-date inflows topping $18 billion as of July 15.
- Apple sued in class action for blocking crypto p2p payments
Consumers have filed a class-action lawsuit against Apple in a California federal court, alleging the company conspired with PayPal's Venmo and Block's Cash App to restrict decentralized cryptocurrency technology in iOS peer-to-peer payment apps. The Nov. 17 complaint says these agreements caused users to pay "rapidly inflating prices" and limit price competition. The plaintiffs also allege Apple uses hardware-enforced App Store exclusivity and contractual limits on web browser technology to control apps on iPhones and iPads, and they seek damages for excessive fees along with injunctive relief.
- AI-generated fake news sparks rumors of Gary Gensler’s resignation
A false report that SEC Chair Gary Gensler had resigned after an internal investigation spread on Twitter after appearing on a new website, CryptoAlert, which Cointelegraph found was likely written by AI. The article scored 96.8% on the AI-detector ZeroGPT, and the site had only 17 posts, the first dated June 22, with its domain registered on June 24. Fox Business Network reporter Charles Gasparino said on July 2 that the SEC's public relations office said Gensler is not resigning. The story follows earlier rumors in April and a June 12 bill in the House that would fire Gensler.
- Crypto victim loses $908K in sophisticated phishing attack
A crypto user lost $908,551 to a wallet-draining scam 458 days after unknowingly signing a malicious ERC-20 approval transaction, according to onchain data. The approval, likely signed through a phishing site or fake airdrop, gave the scammer's wallet "0x67E5Ae" ongoing access to the victim's funds. The scammer, linked to the pink-drainer.eth wallet address, executed the theft on Aug. 2 at 4:57am UTC, and the article says the scammer likely monitored the wallet for about a month before draining it in a single transaction.
- Polish presidential candidate pledges support for strategic Bitcoin reserve
Polish presidential candidate Sławomir Mentzen pledged to create a Bitcoin reserve if he wins the presidential election expected in May 2025, mirroring a campaign promise made by US President-elect Donald Trump. In a November 17 statement on X, Mentzen said Poland would become more crypto-friendly if he becomes president. Replying to Lech Wilczynski, CEO of crypto exchange Swap.ly, who shared the Strategic Bitcoin Reserve model policy from the Satoshi Action Fund, Mentzen said "of course" he would seek to create a strategic reserve in Poland.
- Coinbase hit with wave of lawsuits over customer data breaches
Coinbase is facing at least six lawsuits filed between May 15 and May 16 that accuse the crypto exchange of failing to protect user data and of handling the breach aftermath poorly. In one New York federal court case, plaintiff Paul Bender argues that Coinbase failed to implement and maintain reasonable security safeguards, and that its response was "inadequate, fragmented, and delayed." The breach followed a $20 million extortion attempt in which cybercriminals bribed customer support agents to access internal systems, and Coinbase said it refused to pay. The company expects reimbursement expenses of $180 million to $400 million, according to a filing with the US Securities and Exchange Commission.
- German watchdog orders Worldcoin to delete data collected illegally
German data protection regulator BayLDA has ordered World, formerly Worldcoin, to implement a GDPR-compliant data deletion procedure within one month of the ruling's effective date. The BayLDA announced on Dec. 19 that it had concluded its investigation and ordered deletion of certain iris code records collected without a sufficient legal basis, from summer 2023 until a point in 2024. BayLDA president Michael Will said the decision aims to strengthen the rights of World users. The World Foundation has appealed, asking regulators to clarify whether World's Privacy Enhancing Technologies meet the EU legal definition of anonymization.
- Charles Hoskinson, Cardano and Ethereum – for the record
Cardano founder Charles Hoskinson is portrayed as both a driving force and a source of controversy for the network, and the article examines his combative public statements. Hoskinson says he invested $450 million of his own funds into bootstrapping Cardano, and the article notes his claimed fortune of around $1.2 billion. In an interview at Token2049, Hoskinson likened Ethereum's operation to a dictatorship, and when Cointelegraph reported it, he accused the outlet of misquoting him, which the outlet disputes. After a poll he posted asking whether he was a "cancer for Cardano" drew 51.6% of 50,501 respondents agreeing, he announced he was going offline for a time.
- Trump-Linked Crypto Tokens Face Renewed Scrutiny After Plummeting in Price
Crypto tokens and projects promoted by President Donald Trump have fallen to all-time lows or near record lows, drawing renewed scrutiny. The Official Trump token (TRUMP) hit an all-time low of about $2.73 in March 2026 and was trading at about $2.86, according to CoinGecko, and is down about 90% from its January 2025 high of over $73. The governance token of World Liberty Financial, a DeFi platform co-founded by Trump's sons, hit an all-time low of $0.07 on Saturday, nearly 75% below its September 2025 high of about $0.31. Senators Elizabeth Warren, Richard Blumenthal and Adam Schiff have asked Bill Zanker, who launched the Trump memecoin, for details on a planned April gala, according to Politico, which obtained the letter.
- Meet the onchain crypto detectives fighting crime better than the cops
Crypto security investigators, many working under pseudonyms and often outside formal law enforcement, trace stolen funds across wallets, mixers and bridges, sometimes faster than authorities, according to this Cointelegraph feature. 0xSaiyanGod, a security researcher who works a day job, built Doom Bot, a Discord-based phishing detection bot, and helped identify wallets tied to North Korean-linked activity during the $1.5 billion Bybit incident. Heiner Garcia, a former security analyst for Colombia's Ministry of Defense who now works with Telefónica's security division, uses human intelligence methods and fake profiles to track suspected North Korean IT workers. SlowMist founder Cos says incident war rooms open within minutes of a breach, and that the field remains understaffed.
- Embedding human rights into crypto isn’t optional, it’s foundational
Shady El Damaty, co-founder of Human.Tech, argues that human rights must be built into crypto and decentralized identity systems as foundational architecture rather than treated as optional features. He points to surveillance overreach, centralization disguised as innovation, and tools that serve power over people as sources of disillusionment among builders and users. He says self-custody should be designed for ordinary users without sacrificing sovereignty, that proof of humanity should be possible without state-run biometric IDs or corporate credentialing, and that privacy should be the default. He acknowledges critics who warn that ethical frameworks could be co-opted, but argues that transparent design and open governance can mitigate that risk.
- Ethereum’s comeback strategy — Foundation exec reveals what’s next
Tomasz Stanczak, co-executive director of the Ethereum Foundation, told Cointelegraph in an interview marking Ethereum's 10th anniversary that the foundation has kept its focus on long-term priorities and careful progress despite outside criticism of Ethereum's speed and user experience. According to Stanczak, the current focus is on interoperability, tools and standards that bring more cohesion between layer-1 and layer-2 solutions without compromising decentralization and neutrality. He suggests that many community members prioritize Ethereum's long-term values and security over the returns that institutional players often seek, which is relevant to the ongoing debate about whether Ethereum can keep attracting validators as layer-2 networks grow.
- Citibank accused of ignoring signs of $20M crypto romance scam
Michael Zidell has sued Citibank in a Manhattan federal court, alleging the bank ignored red flags that let scammers take $20 million from him in a crypto romance scam. Zidell said he sent 43 transfers totaling over $20 million across multiple banks, including about $4 million that went to accounts at Citibank. The complaint says 12 transfers totaling around $4 million went to a company called Guju Inc., and that large, round sums moved in and out of its accounts in a suspicious manner. Citibank declined to comment on the lawsuit.
- Mass data deletion is a call to digital preservation action
Phil Mataras, founder and CEO of AR.io, argues that deleting public data is a deliberate, quiet process that calls for digital preservation as a civic obligation. He points to the removal of public health dashboards and economic indicators in the United States, and to the 2021 shutdown of Hong Kong outlet Apple Daily, after which a 26-year archive became inaccessible within hours. He says cyber activists then backed up its articles on the Arweave blockchain, and he cites nonprofit efforts like the Internet Archive, which has backed up billions of web pages, as a counterweight.
- Ethereum's ‘own Saylor’ SharpLink Gaming plans $1B ETH purchase
SharpLink Gaming, a US sports betting platform, has filed with the SEC to offer up to $1 billion in common stock to increase the holdings of its newly launched Ether treasury. In the May 30 filing, the company said it intends to use substantially all of the proceeds to acquire Ether, with some funds also going to working capital, operating expenses and affiliate marketing. The filing lists risks including central bank digital currencies and the possibility that Ether could be labeled a security, which would require additional regulation. Commentators compared the firm to Michael Saylor, whose firm Strategy holds 580,250 Bitcoin valued at $60.22 billion.
- Vitalik tells Ethereum L2s ‘Stage 1 or GTFO’ — Who makes the cut?
Ethereum co-founder Vitalik Buterin said on Sept. 12 that he will no longer consider a network a "layer 2" if it has not reached "Stage 1" by the end of the year. L2Beat's research lists six networks that claim to be layer 2s and have reached Stage 1, including Arbitrum One, Optimism and dYdX v3. Base, Blast, ZKsync Era and Starknet are among the top networks still at Stage 0, while Scroll and Linea have not reached Stage 0.
- Ethereum’s next hard fork could make lost private keys a thing of the past
Ethereum's planned EIP-3074 upgrade, which Ethereum core developer Tim Beiko confirmed as an addition to the Pectra hard fork in an April 11 X post, could let users recover assets after losing their seed phrase through a "social recovery" feature. Ethereum Foundation researcher Domothy explained in a March 25 blog post that the upgrade gives ordinary wallets smart contract capabilities by delegating ownership to an invoker contract via a digital signature. Domothy shared concerns that funds could be drained if users delegate to a malicious invoker contract, though he expects a few audited invoker contracts to become available after the upgrade. Cygaar noted that users would not need Ether for transactions and that multiple actions could be batched into one transaction. The Pectra hard fork is reportedly expected in late 2024 or early 2025.
- Just a moment...
Safe, the crypto self-custody company formerly known as Gnosis Safe, has launched Safe Labs, a wholly owned commercial subsidiary that will build institutional products on its Safe Smart Accounts wallet system. Co-founder Lukas Schor said the unit is building enterprise-grade infrastructure, and Rahul Rumalla, formerly Safe's chief product officer, will lead it. Rumalla said Safe secures $60 billion in assets and powers 4% of all Ethereum transactions. The article also notes that Safe Smart Accounts still require blind signing for many onchain interactions, a risk tied to the $1.4 billion Bybit hack in February.
- After Zora airdrop goes awry, what’s next for Web3 creator economy?
Zora's ZORA token launch on April 23 drew confusion and complaints, and the article examines what it signals for the onchain creator economy as interest shifts away from NFTs. The token fell from $0.037 to $0.017 within about two hours of trading, and Zora did not officially announce the launch until two hours after it was already trading. Zora's tokenomics reserve 45% of supply for the team and investors, 25% for the treasury, 20% for community incentives and 10% for the airdrop. Sources interviewed in the article, including Adam Levy and Renata Lowenbraun, hold differing views on whether NFTs still have a future.
- Crypto price manipulation explained: How cybercriminals influence the market
- The hidden risk of updatable firmware
Igor Zemtsov, chief technology officer at TBCC, argues that updatable hardware wallet firmware is a security risk, since each update can introduce flaws or deliberate backdoors that users cannot verify. He cites Ledger's 2018 vulnerability, disclosed by security researcher Saleem Rashid, which could let attackers replace Ledger Nano S firmware and hijack private keys on nearly 1 million devices. He also points to the 2023 OneKey firmware cracking demonstration and the "Dark Skippy" exploit. He presents Tangem's fixed, non-updatable firmware as an alternative, acknowledging that vulnerabilities then cannot be patched.
- The NFT market is silently becoming infrastructure
Charu Sethi, president of Unique Network, argues that NFTs are neither dead nor poised for a speculative revival, but are becoming core digital infrastructure for gaming, AI and machine-driven applications. Citing DappRadar, Sethi says that in Q1 2025 NFT trading volume fell 24% while sales declined only 10%, pointing to lower average prices rather than user exit. The article gives examples of NFTs in production, including ReinforcedAI's Bittensor subnet, which issues NFTs as proof of completed Solidity audits, and Peaq's "machine NFTs" for devices such as vehicles and drones.
- Sui community passes vote to repay $162M to Cetus exploit victims
Sui validators approved a governance proposal to return $162 million in frozen assets linked to the Cetus decentralized exchange exploit, a key step toward full user repayment. The Cetus exploit took over $220 million in digital assets on May 22, and validators froze $162 million of those funds shortly after. In a governance vote concluded May 29, 90.9% voted in favor, 1.5% abstained and 7.2% did not participate, according to the network's governance page. Cetus aims to complete its full recovery and restart in about one week, according to a May 29 X post.
- Solana may be a memecoin ‘one-trick pony’
Standard Chartered's May 27 research report says Solana may be becoming a "one-trick pony" for memecoin generation and trading. The report states that memecoin trading accounts for most Solana activity, measured by application revenue, and that Solana-based memecoin activity has passed its peak. It says Solana should expand into high-throughput financial apps and consumer apps such as social media, though scaling those may take years. The bank expects Solana to underperform Ethereum over the next two to three years, and notes that Ethereum layer-2 platforms have caught up with Solana on average transaction cost since the Dencun upgrade in March 2024.
- Crypto drainers as a service: What you need to know
- Hoskinson promises audit, is ‘deeply hurt’ by $600M Cardano treasury claims
Cardano founder Charles Hoskinson says Input Output Global (IOG) is preparing an audit report on its treasury holdings and denies allegations that he misappropriated roughly $600 million worth of ADA tokens. Non-fungible token artist Masato Alexander alleged that Hoskinson used a "genesis key" to rewrite the ledger and take control of $619 million worth of ADA during the 2021 Allegra hard fork, citing a "Move Instantaneous Rewards" transaction dated Oct. 24, 2021 that transferred over 318 million ADA. Hoskinson responded that ADA redemptions remained open for three years after that transaction, that the "vast majority" of the 350 million ADA was redeemed by original buyers, and that the forfeited remainder was donated to Intersect. In a May 18 X post, he said he is "deeply hurt" by the community's mistrust.
- Know Your Peer — The pros and cons of KYC
Josef Je, co-founder of PWN DAO, argues that crypto should move from "Know Your Customer" toward "Know Your Peer," using selective verification and privacy-preserving tools in place of full identity checks across DeFi. He says KYC grew out of anti-money-laundering efforts, starting with the US Bank Secrecy Act of 1970 and the FATF's 1989 recommendations. He acknowledges KYC can build legitimacy and help enforce ownership of real-world assets, but says it is an outdated fit for DeFi protocols and creates data-honeypot risks. He points to zero-knowledge proofs, reputation systems and tools such as Chainalysis as alternatives.
- Vodafone looks to integrate crypto wallets with sim cards
Vodafone hopes to bring blockchain technology to smartphone users by integrating cryptocurrency wallets with SIM cards. Vodafone Blockchain Lead David Palmer said in a Yahoo Finance Future Focus interview that the company has linked the SIM card to digital identity and blockchains, using the cryptography already in those cards. Palmer predicted some eight billion smartphones in use by 2030 and a rise in crypto wallets to 5.6 billion in the same period. The article notes this comes amid reported debt plans at Vodafone Idea, in which the Vodafone Group holds a 45% stake.
- Newly released Satoshi emails reveal a treasure trove of early Bitcoin lore
Martti Malmi, Bitcoin's earliest collaborator, published 120 pages of email correspondence with Satoshi Nakamoto on GitHub on Feb. 23, 2024, revealing many early Bitcoin details. The emails were first introduced as evidence in a London court case brought by the Crypto Open Patent Alliance against Craig Wright, who has claimed to be Nakamoto. Cointelegraph found no smoking gun revealing Satoshi's identity, but the emails include notable quotes. In a June 11, 2009 email, Satoshi asked Malmi about the word "cryptocurrency," which Malmi said sounded good.
- Ethereum Foundation Sees 2 More High-Profile Departures
Two top Ethereum Foundation researchers, Julian Ma and Carl Beek, have resigned, bringing the total of high-profile departures at the organization to at least eight in recent months. Ma contributed to Ethereum's censorship-resistant properties and cross-layer bridge work, and said he left to focus on product and growth, calling the foundation "an amazing place but not right for my next steps." Beek, who contributed to the early design of the Beacon Chain, said he was leaving on May 29 to spend time with his wife and 1-month-old child. Ma and Beek join five senior developers and researchers who left in May alone.
Most discussed
- Kraken to delist Tether USDT, 4 other stablecoins in Europe
- New crypto scam drains users' wallets without transaction approval
- EU enacts ban on anonymous crypto transactions via self-custody wallets
- Pectra lets hackers drain wallets with just an offchain signature
- Crypto victim loses $908K in sophisticated phishing attack