Quick Summary: Google researchers say quantum computers may crack elliptic curve cryptography faster than previously thought, urging blockchain networks to adopt post-quantum security. Google researchers have issued a warning that advances in quantum computing could undermine the cryptographic systems protecting cryptocurrencies and broader digital infrastructure earlier than previously anticipated. The researchers demonstrated that future quantum computers may be capable of breaking elliptic curve cryptography using fewer qubits and computational steps than earlier estimates suggested. In a published blog post, the team called on the cryptocurrency community to begin transitioning to post-quantum cryptography, known as PQC, which is designed to resist…
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Quick Summary: Standard Chartered says stablecoin velocity has doubled in two years, meaning transaction volumes can rise without requiring proportional supply growth. Standard Chartered analysts report that stablecoin velocity has doubled over the past two years, driven by new payment use cases and growing traditional finance activity. The finding represents a shift from the bank’s earlier assumption that velocity would remain broadly stable as the stablecoin market expanded. Velocity measures how frequently stablecoins are used relative to the total amount in circulation, meaning faster turnover can support higher transaction volumes without requiring equivalent supply growth.Geoff Kendrick, Standard Chartered’s head of…
Quick Summary: OpenFX has raised $94 million to grow its stablecoin-based payments platform, which already handles over $45 billion in annualized volume. OpenFX has secured $94 million in funding to broaden the adoption of stablecoins in global payments and cross-border money transfers. The company positions itself as a connector between conventional banking infrastructure and digital assets. Its core offering enables businesses that move large sums internationally to convert foreign currencies more quickly and at lower cost than traditional methods allow.Founded in 2024, OpenFX has grown rapidly since its launch, now processing more than $45 billion in annualized payment volume. The…
Quick Summary: Bitcoin steadies around $66,000 as Trump reportedly pivots toward ending the U.S. military campaign against Iran without requiring the Strait of Hormuz to fully reopen. Bitcoin is trading near $66,000 as U.S. President Donald Trump reportedly shifts focus toward winding down the military campaign against Iran. According to administration officials cited by The Wall Street Journal, Trump is prepared to end hostilities even if the Strait of Hormuz remains largely closed. The administration’s stated priority is to degrade Iran’s naval and missile capabilities while applying diplomatic pressure on Tehran to restore free trade through the waterway. Should that…
Quick Summary: CoinDCX pledges $11 million for a Digital Suraksha Network to combat brand impersonation after its founders were briefly detained over a fake trading site. CoinDCX has announced a 100 crore Indian rupees (approximately $11 million) initiative called the Digital Suraksha Network, aimed at tackling cyber fraud and brand impersonation targeting the exchange and the broader digital finance sector. The announcement was made by co-founder and CEO Sumit Gupta in a March 30 post on X. The move follows a turbulent period for the company that included the detention of its two co-founders by police.Gupta and fellow co-founder Neeraj…
Quick Summary: Two poisoned Axios npm releases have led security firms to urge developers to rotate credentials and treat affected systems as fully compromised. Two compromised releases of the widely used JavaScript HTTP client library Axios have set off warnings across the developer community following a supply chain attack on the npm package registry. Cybersecurity firm Socket first reported the incident, identifying axios@1.14.1 and axios@0.30.4 as the affected versions. Both releases were modified before being removed from npm, leaving any systems that installed them potentially exposed.According to Socket, the tampered releases were altered to include a dependency on plain-crypto-js@4.2.1, a…
Quick Summary: A Caltech and Oratomic study finds blockchain encryption could be broken with as few as 10,000 qubits, far below earlier estimates. A new research paper from Caltech and quantum computing startup Oratomic concludes that the cryptographic protections securing Bitcoin and Ether wallets could be compromised using far fewer quantum computing resources than previously believed. Earlier estimates had placed the threshold at hundreds of thousands of physical qubits, but the study suggests the barrier may be as low as 10,000. The findings represent a significant shift in how the industry understands the quantum threat to blockchain security.Using Google’s quantum…
Quick Summary: Dynamic has integrated embedded wallet support for The Open Network, letting developers deploy TON wallets inside Telegram Mini Apps without custom infrastructure. Dynamic has launched embedded wallet infrastructure for The Open Network (TON), enabling developers to deploy TON wallets automatically within Telegram Mini Apps. The move eliminates a longstanding technical barrier for builders on TON, a blockchain designed to support payments and applications inside Telegram. Previously, launching financial tools on the platform required custom wallet deployment, contract management and transaction handling. The new integration consolidates those functions into a single stack.According to the company, developers will be able…
Quick Summary: Bitcoin swung between $68,300 and $66,500 as implied volatility hit 58% and futures open interest dropped over 18% this year. Bitcoin experienced a sharp price swing, briefly spiking to $68,300 before retreating to $66,500. The move coincided with a rise in implied volatility, as measured by the BVIV index, which climbed to 58%. That elevated reading signals that market participants are bracing for continued turbulence in the near term. The combination of a volatile price action and rising implied volatility has drawn attention across crypto trading desks.Futures open interest has declined by more than 18% so far this…
Quick Summary: Russia’s government has approved draft legislation channeling domestic crypto trading through licensed intermediaries and limiting retail investors to 300,000 rubles per year. Russia’s government has approved a package of draft legislation aimed at formalizing the circulation of digital currencies and digital rights within the country. The Finance Ministry announced on Monday that the bills had received government approval, marking a significant step toward a structured regulatory framework for crypto assets. Under the new rules, transactions involving digital currencies without the use of regulated intermediaries will be prohibited. The package also introduces amendments to existing Russian legislative acts and…
