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XRP’s institutional custody solutions are actually transforming how publicly traded companies manage their digital assets right now, and Nasdaq-listed VivoPower International PLC has selected Crypto.com as its strategic custodial partner. This partnership enhances crypto treasury management through institutional-grade XRP storage solutions along with advanced institutional crypto security measures. VivoPower and Crypto.com partnership announcement – Source: Crypto.com XRP Institutional Custody With Crypto.com Enhances Security And Treasury Management Source: Pixabay VivoPower’s XRP institutional custody arrangement with Crypto.com represents a significant step forward in crypto treasury management for public companies. The partnership actually leverages Crypto.com Custody’s institutional-grade platform to deliver comprehensive XRP storage solutions across multiple international jurisdictions, and the companies are handling this with considerable care. Kevin Chin,...

Crypto YouTuber Cade O’Neill reviewed Best Wallet, highlighting its seamless approach to integrating digital assets into everyday transactions. One of the biggest challenges crypto users face is the difficulty of on-ramping and off-ramping funds. The process of converting fiat to crypto and vice versa can be cumbersome, often requiring multiple steps and third-party platforms that charge high fees. Best Wallet aims to provide a more efficient solution, allowing users to manage and spend their crypto gains with ease. At its core, Best Wallet functions as a self-custody wallet, meaning users have complete control over their funds without relying on centralized financial institutions. Unlike traditional banking systems that can freeze accounts or impose restrictions, self-custody wallets provide greater financial freedom and security. With Best Wallet, users maintain full ownership of their assets, reducing counterparty risks and ensuring that they alone control their private keys...

Outgoing Securities and Exchange Commission (SEC) Chairman Gary Gensler has filed a document that will probably be his organization’s final lawsuit against a crypto promoter. The document explains why a crypto industry-redefining ruling about Ripple’s XRP was supposedly a tragic error. In the SEC’s new appeal to the Second Circuit, commissioners revisit the landmark ruling by the US District Court for the Southern District of New York — concluding that it was a huge mistake. In that widely misinterpreted ruling, judge Analisa Torres decided that Ripple didn’t illegally offer $757 million worth of unregistered securities via programmatic sales of XRP to retail buyers. Within hours, that determination sparked a 60% rally of the XRP token and spread misconceptions like the belief that “no blockchain token is ever a security” or that somehow the SEC never has jurisdiction over crypto exchanges.  Fans of the decision preferred to ignore US courts’ lo...

Authorities in France have arrested Pavel Durov, the founder of Telegram and Russia’s largest social network, VK. Last week, he was in Azerbaijan at the same time as Vladimir Putin. Around the world, hundreds of millions of Telegram users are suddenly questioning a fundamental promise of Pavel Durov: “All chats are secure.” As of May 2020, Telegram claimed that Durov was the sole financier of its messenger. The application boasts between 700 and 950 million monthly active users. Since 2017, he has repeatedly assured his fans, “Everything is secure.” However, many cybersecurity experts have questioned this characterization. Although Telegram’s end-to-end encrypted “Secret Chats” are widely regarded as a truly secure messenger between two devices, there are vulnerabilities in Telegram’s group and standard chats – dwarfing the popularity of Secret Chats by orders of magnitude. In Telegram, end-to-end encryption is optional . Creating a Secret Chat requires several extra steps and do...

While tradeoffs are unavoidable, experts interviewed by crypto.news believe that the blockchain trilemma sheds light on the challenges developers face and ways to navigate them. The blockchain trilemma, coined by Ethereum co-founder Vitalik Buterin in 2017, highlights the challenges developers face in creating distributed ledger systems. According to Buterin, architects must make tradeoffs and prioritize two out of three key features. In an interview with crypto.news, Luke Nolan, a research associate at CoinShares, concurred with this viewpoint. Nolan believes that, in a broad sense, the blockchain trilemma effectively illustrates the challenge of achieving all three features to their fullest extent. He emphasized that developers often sacrifice some aspects or both when optimizing one feature. The blockchain trilemma Alex Dulub, Founder of Web3 Antivirus, suggests that speeding up a blockchain can sometimes compromise its safety. He believes that solutions like Layer-2 (L2) netwo...

Stars Arena was hacked for roughly $3 million worth of AVAX tokens, with the hacker reportedly sending the funds to the Fixed Float crypto exchange. Avalanche-based Web3 social media app Stars Arena announced that it has secured the funding to cover the $3 million hole left by an exploit on Oct. 6. The team also added that it will re-open the smart contract once a full security audit has occurred. In an announcement on X, the Stars Arena team noted: “We have secured the resources to close the gap caused by the exploit. Additionally, a special white hat development team is coming in to rapidly review the security of the platform.” Important news: we have secured the resources to close the gap caused by the exploit. Additionally, a special white hat development team is coming in to rapidly review the security of the platform. We will re-open the contract with all the funds in full after a full security… — Stars Arena (@starsarenacom) October 7, 2023 Stars Arena initially confirm...

SlowMist reveals a sophisticated APT attack by North Korea’s Lazarus Group targeting the cryptocurrency industry. Blockchain security firm SlowMist has recently revealed an alarming revelation: The infamous North Korean Lazarus Group is actively targeting the crypto currency industry through an advanced persistent threat (APT) attack . SlowMist Security Alert Recently, we and our partners discovered a large-scale APT attack directed by the North Korean #LazarusGroup against the crypto currency industry. The attack method is as follows: The attack er first disguises his identity, deceives the auditor… pic.twitter.com/XsM7F0bPcV — SlowMist (@SlowMist_Team) September 12, 2023 What are APT Attacks? An advanced persistent threat (APT) is a prolonged, target ed cyber attack where an intruder gains access to a network and remains undetected for an extended period. This kind of attack is generally state-sponsored or carried out by well-funded criminal organizations. What...

Crypto assets stolen by North Korea’s elite hacking groups and used to fund illicit weapons programs may soon be tracked and frozen by the South Korean government as it gears up to submit a new bill. According to several South Korea n government sources who spoke to Korea JoongAng Daily, officials have been working on legislation for 10 months that aims to “track and neutralize virtual coins and other crypto currency assets stolen by the North through hacking,” according to one insider. It has already gone through a round of revisions to include “practical measures to bolster national security ” at the order of president Yoon Suk Yeol, several said. One higher-up who asked to remain anonymous told the outlet that the bill will reflect the president’s concerns that “the country’s cybersecurity framework urgently needs repair” after it was “allowed…to fall into ruin in order to avoid offending North Korea” under its las...

In an interview with WSJ, Coinbase CEO Brian Armstrong explained that entrepreneurs who left the United States will return when the government finds the "right outcome" for crypto regulation. Brian Armstrong, the CEO of cryptocurrency exchange Coinbase, is confident that the United States will achieve clarity with crypto regulations, “even if it takes a while.” However, he believes this is the vital component to luring entrepreneurs back to the country. Armstrong sat down for an interview with Wall Street Journal on June 11, just days after the SEC filed a lawsuit against crypto exchange Coinbase on June 6. The SEC alleged that Coinbase has been operating a securities exchange, broker-dealership and clearing house without registering with the commission. Full WSJ interview on YouTubehttps://t.co/yIF3dGI7oN — Brian Armstrong ️ (@brian_armstrong) June 10, 2023 Armstrong addressed the lawsuit in the WSJ interview, explaining that he believes those registrations weren't r...

The South Korean district court recently dismissed security violation charges against Terra co-founder Hyun-seong Shin, deeming LUNA as non-security under Korea’s Capital Markets Act. Court documents were filed indicating that Do Kwon, co-founder and CEO of Terraform Labs, has asked for the dismissal of charges leveled against him by the Securities and Exchange Commission (SEC).  In the motion filed on Friday, April 21 to have the SEC charges dismissed, Kwon argued the SEC’s claims are invalid, pushing back against the agency’s position that tokens including MIR, LUNA (LUNA) and UST are securities. Additionally, Kwon’s counsel said the agency lacked the proper jurisdiction to bring charges against Kwon and Terraform Labs because Terra's tokens and projects were “aimed at the world” and did not specifically target U.S. investors.  The South Korean district court recently dismissed security violation charges against the co-founder of Terraform Labs, Hyun-seong Shin, deeming LUNA ...

Rug pulls and other frauds made up a small percentage of losses compared to hacks and exploits, the report stated. BNB Chain was the king of rug pulls in the first quarter of 2023, with over 73.3% of such scams in the entire crypto ecosystem happening on the network, according to an April 4 report from Blockchain Security firm Immunefi. The report, titled “Crypto Losses in Q1 2023,” investigated a variety of crypto hacks and scams in the first quarter of the year. It found that Ethereum and BNB Chain were the two largest targets for hackers and scammers, with 68.8% of total losses from these networks combined. BNB Chain, in particular, made up 41.3% of total losses from hacks and scams. One type of scam, in particular, reigned supreme on BNB Chain: rug pulls , a type of scam where developers raise funds and then close up shop without delivering a product or service. Immunefi stated that 73.3% of all rug pulls in the crypto ecosystem happened on BNB Chain in the first quarter. Relat...