Crypto Biz: Same players, bigger bets as crypto eyes a rebound
Familiar players ramp up Bitcoin and Ether bets as markets hint at a rebound, while institutions test blockchain rails and US lawmakers stall on crypto rules this week.
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AI Tool Helps Avert Critical XRP Ledger Security Flaw
[ad_1] XRP Ledger Foundation has confirmed it has patched a critical vulnerability found in an yet-to-be-enabled amendment of Ripple’s XRP Ledger, averting a potentially major exploit. On February 19, a security engineer at cybersecurity firm Cantina, Pranamya Keshkamat, and the Cantina AI security bot identified a “critical logic flaw” in the signature-validation logic of Ripple’s…
Senator Warren is Probing Bitmain over US Security Risks: Report
Senator Elizabeth Warren has reportedly asked the US Commerce Department to explain how it is handling potential national security risks tied to Chinese crypto mining giant Bitmain, following previous reports that the firm has been under federal scrutiny. In a letter sent Thursday to Commerce Secretary Howard Lutnick, Warren requested documents and communications related to…
OpenFX Raises $94M to Speed Cross-Border FX Payments with Stablecoins
OpenFX, a fintech startup focused on foreign exchange and remittances, raised $94 million in a Series A funding round to expand its stablecoin-based payments network. The round included Accel, Atomico, Lightspeed Faction, M13, Northzone and Pantera. The company said it plans to use the funds to increase liquidity, enter new markets and expand operations in…
Cari Taps ZKsync’s Prividium as US Banks’ Answer to Stablecoins
Cari Network, a permissioned network for banks led by former United States Comptroller of the Currency Gene Ludwig, has chosen Matter Labs’ Prividium infrastructure to power a bank-governed tokenized deposit network for US regional and mid-sized lenders. Built on ZKsync and anchored to Ethereum, the platform is designed to let participating banks issue and move…
CLARITY Can Bring Crypto Industry Back to US: Attorney
Passing the Digital Asset Market Clarity Act of 2025, also known as CLARITY, will help to reshore the crypto industry in the United States, according to Bill Hughes, the senior counsel and director of global regulatory matters at Consensys, a crypto infrastructure company. “The US dollar is the world’s largest fiat on-ramp for cryptocurrency, accounting…
Canaan Lands New Tether Order as Mining Shifts to Modular Infrastructure
Canaan (CAN) has secured an additional order from Tether for custom Bitcoin mining hardware, extending their collaboration beyond an earlier research and development effort that tested new system designs for large-scale mining. Under the new order, Canaan will supply high-density hash board modules designed for immersion-cooled systems, with usage planned at a Tether-linked facility in…
