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View More NewsQuantum computing is a risk factor for every encrypted system on the planet, including major banks. But crypto, due to the way it works, may be the technology that gets tested first.”Cryptocurrencies are the canary in the coal mine,” Eddy Zervigon, CEO of Quantum Xchange, said in an interview with CoinDesk. Zervigon’s firm builds infrastructure to shield networks, including financial ones, from quantum-enabled attacks, and he’s blunt about where the first casualty is likely to show up.”That’s the first place of attack because of the decentralized nature,” Zervigon said. “Once you see it happening there, then you know that someone…
“As it uses existing rules, it’s going to be much less like a standalone framework,” Lightstone said. “A crypto firm will be treated like any normal traditional financial institution,” adding that “it will still be hard to get FCA authorization.”For established banks and investment firms already operating under those rules, adapting to crypto may be relatively straightforward. For newer crypto businesses, however, the cost of building governance, capital and custody systems from scratch could prove considerably more burdensome.That challenge is particularly evident in the FCA’s proposed client asset regime, applying the Clients Asset Sourcebook (CASS) framework, which would require firms…
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Three thousand years ago, Homer gave us the face that launched a thousand ships. This weekend, Christopher Nolan gave us the film that launched a million grifts, and he buried them.His Odyssey opened to $124 million domestically and a whopping $264 million worldwide. The haul does not prove the film is good. It does prove that the seven-month social-media campaign against it face-planted the moment real people bought tickets.Their indictment ran on three charges. Nolan cast Lupita Nyong’o, a black actress, as Helen of Troy, the legendary beauty of the ancient world. Elliot Page, the transgender star, was said to…
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Total value locked has roughly tripled since mid-July to about $312 million, according to DefiLlama, and Robinhood Chain is now clearing more than $600…
Layer-1 blockchain Dango will wind down operations by halting trading on its perpetual decentralized exchange (DEX) on Wednesday and shutting down its network on…
US-listed spot Ethereum exchange-traded funds (ETFs) logged $70.62 million in net outflows on Friday, ending a five-day inflow streak.Ethereum funds saw $211.25 million in…
Call of duties. After most of President Donald Trump’s unilateral tariffs were struck down by the Supreme Court earlier this year, the president reinstated…
SharpLink Gaming (SBET), the Ethereum treasury backed by Ethereum co-founder Joe Lubin, is joining the Russell 2000 and Russell 3000 indexes later this month,…
The UK government has added cryptocurrency exchange HTX to its list of sanctioned entities over its support of Russia.On Tuesday, UK authorities said that…
In brief Spain blocked the Polymarket and Kalshi websites as it investigates potential gambling violations. The nation joins a growing list of countries like…
from the whose-cybersecurity-are-we-talking-about? dept The Cybersecurity & Infrastructure Security Agency (CISA) was one of the few genuinely good things Donald Trump was talked into…
When I was in college, liberals, not conservatives, were more zealous in defending free speech, when it came to issues like whether pornography ought…
The United Kingdom has imposed sanctions on a group of cryptocurrency exchanges, payment firms and individuals accused of helping Russia evade Western restrictions and…
Bitcoin miner TeraWulf has acquired a large data center development site in the US state of Kentucky, adding significant capacity to its artificial intelligence…
In brief TeraWulf acquired an eastern Kentucky site capable of supporting more than 1 gigawatt of AI and high-performance computing data center capacity. The…