Crypto

The security firm found that 77% of third-quarter losses involved compromised suppliers, delayed fixes or systems outside the latest security reviews. Crypto investors may be putting too much faith in security audits that fail to cover the systems hackers actually target, according to blockchain security firm Hacken. In a report released on Thursday, Hacken found that hackers stole $1.18 billion across 107 incidents during the third quarter, 55% more than.

Crypto

Private-sector partners flagged $11 million in funds that could be frozen, while officials reported cryptocurrency seizures without disclosing their value. Authorities in Ghana and Nigeria arrested 28 people in a crackdown on West African scam networks that included cryptocurrency investment fraud, the U.S. Department of Justice said in a statement. The operation also identified 117 trafficking victims in Ghana who were awaiting repatriation to Nigeria, according to the U.K.'s National.

Crypto

A 10-minute flush hit round-the-clock chip-stock contracts while U.S. markets were shut, leaving traders with no real share price to lean on. A sudden wave of selling wiped out nearly $52 million in crypto traders’ leveraged bets on chip stocks in 10 minutes on Saturday, while the shares themselves sat idle with Wall Street closed for the weekend. Those bets were placed through perpetual futures, contracts that track a stock’s.

Crypto

Coinbase, Circle’s largest USDC partner, also backs Open USD, a rival network that passes reserve income to partners after a management fee. Stablecoin issuer Circle CRCL$82.25·Market Closed is defending its business model as Coinbase, its largest distribution partner, backs a rival that aims to give businesses more income from stablecoin reserves. In a blog post on Friday, Chief Commercial Officer Kash Razzaghi wrote that Circle kept about 7 cents in.

Crypto

The largest banks in the world are eyeing new trading opportunities, speeding up payments and a role for advisers as tokenization takes root in Wall Street. Tokenization, or the process of bringing financial and real-world assets onto a blockchain, has been generating headlines in recent months, with a growing number of companies saying they’re offering, or planning to offer, versions of equities, bonds and commodities that can be traded around.

Crypto

The influential research firm says real-world assets could finally give blockchains a clear role in finance. For investors, the next challenge is figuring out which companies, networks and protocols capture the revenue. This is an excerpt from CoinDesk's new ‘Tokenization Weekly’ newsletter that will be launching soon. Sign-up details will be here when it goes live. Crypto enthusiasts have spent years telling that finance – stocks, bonds and other financial.