US authorities are investigating Chinese Bitcoin mining hardware giant Bitmain over potential national security risks tied to alleged remote capabilities, according to Bloomberg.
Adrian Zmudzinski
Adrian Zmudzinski is a cryptocurrency journalist who wrote over 4,000 articles and first started working at Coinpectra in 2018. He also contributed to Benzinga, crypto.news, and CoinMarketCap. Adrian specializes in technical articles as well as old school crypto topics in line with the cypherpunk aspects of the industry. His focus is on cybersecurity, digital rights, privacy, decentralization, cybercrime and permissionless systems. Adrian has no crypto holdings above Coinpectra’s disclosure threshold of $1,000.
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Bitcoin ASIC producer Bitmain under US investigation over national security risks: Report - News
Binance CEO says Bitcoin volatility matches broader markets amid 35% decline Binance CEO Richard Teng argued that Bitcoin’s current slide reflects broader risk-off deleveraging, and its volatility is in line with most major asset classes.
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Aztec launches decentralized and private Ethereum L2 on mainnet, almost Aztec launched its Ignition mainnet with no centralized operators, opening community staking amid its major token sale and positioning itself as a fully decentralized L2.
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After Samourai, DOJ’s money-transmitter theory now looms over crypto mixers Samourai Wallet’s co-founders received four- and five-year prison terms in the US for operating an unlicensed money-transmitting business through their non-custodial crypto mixer.
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New Hampshire approves first-of-its-kind $100M Bitcoin-backed municipal bond New Hampshire has approved a $100 million Bitcoin-backed municipal conduit bond, letting borrowers raise capital against overcollateralized BTC.
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Brazil weighs tax on international crypto transfers as it aligns rules with CARF Brazil is reportedly considering imposing a tax on the use of cryptocurrency for international payments, as it aligns its rules with a global standard for sharing tax data.
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El Salvador’s latest $100M Bitcoin haul rekindles questions around IMF program El Salvador says it has bought 1,090 BTC worth over $100 million, raising questions about an IMF loan pledge to limit Bitcoin exposure and fiscal risks.
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Chat Control stumbles again as EU retreats from mandatory scanning EU lawmakers stripped out mandatory client-side message scanning from the latest Chat Control draft, but invasive age checks and voluntary scanning remain.
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Adam Back: Bitcoin faces no quantum risk for next 20–40 years Adam Back says Bitcoin faces no meaningful quantum threat for at least the next 20–40 years, adding that NIST-approved post-quantum standards can be adopted in time.
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Uniswap revives ICO-style token launches with new onchain auction system Uniswap launched Continuous Clearing Auctions, a new onchain token sale mechanism designed to offer transparent price discovery, debuting with Aztec’s sale.
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Alibaba weighs deposit token as China clamps down on stablecoins: Report Alibaba’s global e-commerce arm is reportedly developing a bank-backed deposit token for cross-border payments as Beijing tightens its crackdown on stablecoins.
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Acurast raises $11M to turn smartphones into confidential compute nodes Acurast raised $11 million to launch a smartphone-based confidential compute network that claims tamper-resistant execution on consumer phones.
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Scammers posed as Australian police to steal crypto, authorities warn Scammers in Australia impersonated police using the government’s ReportCyber system to legitimize their calls and trick victims into handing over crypto.
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Kraken co-CEO warns UK rules meant to protect users punish them: FT Arjun Sethi criticized the UK’s crypto regulations for burdening users with excessive disclaimers, saying they worsen customer experience.
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JPMorgan rolls out JPM Coin deposit token for instant payments on Base JPMorgan Chase has begun deploying its deposit token, JPM Coin, allowing institutional clients to make instant 24/7 transfers of US dollar deposits on Base.
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Gambling for science: Ideosphere wants to fund research with prediction markets Ideosphere wants to redirect crypto’s speculative energy into scientific prediction markets, betting on research results that would finance scientific research.
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‘We should migrate now’ to post-quantum encryption, researcher says Gianluca Di Bella claimed quantum computing already makes encryption and ZK-proofs vulnerable due to “harvest now, decrypt later” risks.
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UK and US eye crypto passporting sandbox after talks: Ex-UK MP Lisa Cameron Lisa Cameron says her UK-US Crypto Alliance expects a joint transatlantic crypto sandbox to emerge from ongoing talks with US lawmakers and SEC officials.
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CFTC’s Caroline Pham confirms push to greenlight leveraged crypto trading in US Interim CFTC chief Caroline Pham confirmed plans to greenlight leveraged spot crypto trading in the US as early as next month following talks with regulated exchanges.
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Kazakhstan may fuel $1B crypto reserve with gold, FX and seized assets The government is reportedly considering converting part of its sovereign wealth and gold holdings into digital assets, signaling the rise of crypto as a state-level asset class.
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Majority of traditional hedge funds now exposed to crypto assets: Survey AIMA says 55% of traditional hedge funds now hold crypto, with most planning to increase exposure as US regulation boosts confidence.
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Japan’s FSA backs joint stablecoin initiative by nation’s top banks Japan’s financial regulator has launched a “Payment Innovation Project” backing a joint initiative by major banks and corporations to issue yen-based stablecoins.
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UN agency to launch blockchain education, advisory programs for governments The United Nations is preparing to launch a blockchain academy for governments and a UN-led blockchain advisory group to assist countries in adopting the technology.
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Basel Committee reviews bank crypto-asset rules amid stablecoin surge: Report Banks may soon take a softer stance on crypto as the Basel Committee prepares to revise its 2022 guidance on banks’ exposure to digital assets, according to Bloomberg.
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Canaan to supply Bitcoin mining rigs for Japan’s electric grid stability project Canaan will supply 4.5 megawatts of water-cooled Bitcoin mining ASICs to a Japanese engineering firm for real-time grid balancing and energy optimization.
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Australian police crack coded wallet, seize $5.9M in crypto The Australian Federal Police cracked a coded crypto wallet backup holding $5.9 million after a data scientist deciphered a complex numerical sequence on a phone.
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Deutsche Bank and DWS-backed EURAU stablecoin goes multichain with Chainlink AllUnity’s euro-pegged MiCA-compliant stablecoin, EURAU, is expanding across major blockchains using Chainlink’s CCIP protocol.
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Grayscale debuts Solana ETF, joining Bitwise in SOL staking ETF race Grayscale Investments has launched its staking-enabled Solana ETF on NYSE Arca, backed by $103 million in seed capital, and is now the second Solana ETP manager in the US.
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Brazilian solar firm Thopen considers Bitcoin mining to absorb surplus power Brazilian solar energy company Thopen is reportedly exploring Bitcoin mining as a way to monetize excess renewable power and offset curtailment losses.
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Senate Democrats demand answers on Trump’s pardon of Binance’s CZ Seven Senate Democrats asked the US attorney general and the DOJ to explain President Trump’s pardon of Binance co-founder Changpeng Zhao, calling it a corrupt move.