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A vulnerability discovered in the XRP Ledger reportedly could have let an attacker mint unlimited amounts of XRP-based tokens, effectively creating crypto out of thin air. The flaw has since been patched, and no evidence indicates it was exploited before the fix.
Users of Ledger crypto wallets purchased through reseller CryptoBillis have reported drained accounts, with reports citing over $86 million stolen from hundreds of wallets. Photos shared on social media appear to show a hidden circuit board implanted under the wallet's screen that captures the seed passphrase and transmits it via an embedded SIM card. Ledger has asked CryptoBillis to pause all sales while it investigates, and says there is no evidence its own systems or directly purchased wallets were compromised.
Spotify has renewed its exclusive partnership with Joe Rogan for his podcast, The Joe Rogan Experience, extending the agreement into 2024. The deal allows Rogan's show to continue streaming on Spotify and be available on other platforms like YouTube and Apple, despite ongoing controversies and political appearances by Rogan's guests. The renewal underscores Spotify’s commitment to maintaining Rogan’s influential and widely listened-to program.
An increasing number of companies are integrating cryptocurrencies into their financial workflows, using digital assets for payroll, invoicing, and access to funds. This shift allows for quicker transactions and around-the-clock financial management, even outside traditional banking hours.
FanDuel's AI blackjack dealer, designed to mimic human interaction with banter and memory, became so well-received that the company sold it as a B2B product to other gaming operators. This shift was driven by the dealer's popularity and the high operational costs of live dealers in casinos.
Arthur Hayes, co-founder of Maelstrom, said at the Gamma Prime Investing Conference in Singapore that trillions of dollars being poured into AI data centers will result in massive overcapacity. He argues this will lead to a crash followed by a government bailout, similar to past financial crises, which he believes will ultimately push bitcoin and other cryptocurrencies higher.
Advancements in fintech and blockchain are focusing on developing crypto payment infrastructure, portable AI tools for fraud prevention, and other emerging technologies. These innovations reflect ongoing efforts to enhance security, usability, and integration within digital finance and blockchain sectors. Despite past volatility, the industry continues to push forward with new solutions and visions for the future.
The Trump administration's newly appointed artificial-intelligence lead outlined priorities and disclosed the membership of a White House task force overseeing AI policy. Separately, community banks pushed back against federal regulators over proposed crypto charters, and reporting on a near-miss aboard flight 1073 highlighted security gaps at a Dubai airport.
Dutch cybersecurity officials warned that attackers are actively exploiting a high-severity macOS vulnerability in the screen sharing feature, gaining root access on exposed systems and installing Monero crypto miners. Apple issued a patch last week for Tahoe, Sequoia, and Sonoma after the flaw, rated 7.1 of 10, was disclosed at the Black Hat security conference; the company credited security firm Bynario with the finding.
Advocacy groups representing community banks have filed a lawsuit against the Office of the Comptroller of the Currency, challenging its decision to grant national bank charters to crypto companies. The suit argues that the regulator overstepped its authority in approving these charters for firms operating in the digital asset space.
Bitget CEO Gracy Chen told CNBC that only about $1.1 million of the nearly $388 million stolen in last week's hack has been frozen, and she does not expect to recover much more, citing low recovery rates from past exchange hacks. Chen said user account balances were unaffected and that Bitget replenished its protection fund, which had been drawn down from over $464 million to below $200 million, using the company's own capital.
Attackers gained unauthorized access to Microsoft's 13-million-follower X account, using it to follow and repost content from an account impersonating Clippy that promoted a $Clippy cryptocurrency token. Microsoft removed the posts, confirmed the breach, and stated it has no affiliation with any crypto token tied to its brand, Clippy, or $MSFT stock, saying it would pursue legal action.