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View More NewsPrivacy-focused layer-1 blockchain Secret Network is proposing to move from its longtime home on Cosmos to Ethereum layer-2 Arbitrum, citing security risks from artificial intelligence, among other reasons. Secret Network has been running privacy-preserving smart contracts on Cosmos since 2020, as the ecosystem had strong momentum back then, but the “environment has changed,” the team said Tuesday. “The security risk is the part we take most seriously,” it said. “Old code is becoming dramatically easier to analyze … With AI, the cost of attacking stale code is falling across the board.” The recent Axelar-Secret IBC bridge exploit highlighted growing security risk from aging,…
In brief Tether will invest $20 million in a strategic financing round for Mercado Bitcoin, a Brazilian crypto platform, to expand blockchain-based financial services in Latin America. Mercado Brazil said it now serves 4.5 million users, has issued more than R$2 billion in tokenized assets, and holds over 10 licenses across Brazil and Europe. Funds will go toward expanding payments infrastructure, scaling tokenized investment products, growing lending capabilities, advancing on-chain capital markets, and pursuing international expansion. Prominent stablecoin issuer Tether said Tuesday it will invest $20 million in a strategic financing round for Mercado Bitcoin, a Brazilian cryptocurrency exchange, as…
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Science does not often advance in sudden epiphanies that yield “Eureka” moments. More typical are years of failed experiments, dogged hypothesis-testing, and incremental discoveries that are, at best, inconclusive. And then, sometimes, eventually, the accumulated knowledge results in a breakthrough. Two recent examples are stunning advances in cancer medicine—one for pancreatic cancer, the other for melanoma—that are rewriting what doctors can promise their patients. But to understand why these achievements matter so profoundly, it is instructive to appreciate how long they took.A Pill That Doubled Survival for the Disease That Kills Almost EveryonePancreatic cancer is the third-leading cause of cancer…
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Chloe Ratner is a political science major at Yale University. Last summer, she worked at the Department of Justice Human Rights and Special Prosecutions…
In the global race to build and dominate the AI industry, it can sure seem like the interests of ordinary people sit last on…
from the why-are-we-even-doing-this? dept For many, many years on Techdirt we’ve bemoaned the fact that federal court documents are not available for free as…
On July 6, the Committee to Protect Journalists joined over 30 partners in calling on the European Union to address the abuse of spyware…
Bitcoin’s BTC$61,412.97 bounce from last week’s low is rolling over, and gold is going down with it.BTC changed hands at $61,233 on Wednesday, down…
The European Union proposed banning transactions on 11 crypto platforms as part of its 21st sanctions package against Russia.Kaja Kallas, vice president of the…
I WANT FREE MINDS AND FREE MARKETS! Help Reason push back with more of the fact-based reporting we do best. Your support means more…
Three of Japan’s largest banks said they will jointly issue a stablecoin this financial year, which ends in March.Mitsubishi UFJ Financial Group (MUFG), Sumitomo…
The lobbying arm of crypto futures exchange Hyperliquid and venture capital firm Paradigm has urged the US Treasury to revise a proposed anti-money laundering…
In brief Japan’s MUFG Bank, Mizuho Bank, and SMBC have established a council to develop operational frameworks for stablecoin issuance. The banks plan to…
Reading Matters: A History for the Digital Age, by Joel Halldorf, New York University Press, 312 pages, $35 For those of us who like…
XRP holders are increasingly selling at a loss in a textbook sign of market capitulation. The 90-day moving average of XRP’s realized profit-to-loss ratio…