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The blockchain trilemma reared its head once more at Consensus in Hong Kong in February, to some extent, putting Charles Hoskinson, the founder of Cardano, on the back foot – having to reassure attendees that hyperscalers like Google Cloud and Microsoft Azure are not a risk to decentralisation.The point was made that major blockchain projects need hyperscalers, and that one shouldn’t be concerned about a single point of failure because:Advanced cryptography neutralizes the riskMulti-party computation distributes key materialConfidential computing shields data in useThe argument rested on the idea that ‘if the cloud cannot see the data, the cloud cannot control…

Crypto losses fell to $49M in February, but attackers are shifting toward phishing and user manipulation, says Nominis. A report by blockchain security firm Nominis shows that in February, total losses from crypto attacks fell by 87%, going from $385 million in January to $49.3 million last month. However, while the drop in total value stolen suggests improved protocol security, Nominis claims that a closer examination of the month’s events shows that attackers are moving their focus away from exploiting code and toward manipulating the people who use it. The Anatomy of February’s Crypto Attacks According to the Nominis report,…

Less than 1% of Australian crypto transactions were tied to illicit actors, even as the such entities in the country processed $50 billion in one year. Illicit activity accounts for only a small fraction of Australia’s cryptocurrency ecosystem, even as digital asset adoption continues to expand. According to the analysis by TRM Labs, less than 1% of the country’s total on-chain crypto activity between March 2025 and February 2026 was linked to illicit counterparties, which essentially highlights that the vast majority of transactions occur within legitimate financial and commercial use cases. Australia’s Crypto Ecosystem Over the same period, Australian crypto…

New Zealand’s financial regulator has ruled that a local currency-tied stablecoin, NZDD, isn’t a financial product, a move a local law firm says is an important step toward regulatory clarity.The Financial Markets Authority (FMA) said on Wednesday that the new designation for the stablecoin pegged to the New Zealand dollar resulted directly from a financial technology sandbox pilot the regulator is running.“The economic substance of the NZDD stablecoin is that it is not a debt security, as the NZDD stablecoin is not an investment, and no income, interest or other gain is paid to the NZDD stablecoin holder,” the FMA…

The bitcoin BTC$69,536.22 relief rally due to oil losing gains lasted about 36 hours.Bitcoin fell to $69,393 on Thursday morning, down 0.8% over the past 24 hours and 4.3% on the week, after attacks on two oil tankers in Iraqi waters sent Brent crude surging back above $100 a barrel. The move wiped out Wednesday’s optimism around the IEA’s proposed record reserve release and pushed risk sentiment back into retreat across Asian markets.The chart tells the story of a market that can’t catch a break. Bitcoin touched $71,230 late Wednesday evening before the tanker headlines hit, dropping nearly $2,000 in…

A configuration error in a risk-oracle system used by crypto lending platform Aave triggered the liquidation of about $27 million in wrapped staked Ether (wstETH) positions, prompting the protocol to move to compensate affected users.In a post-mortem published Tuesday, Aave said about 10,938 wstETH worth around $27.1 million was liquidated after the protocol applied an exchange rate that was 2.85% below the live market rate for wstETH and Lido staked Ether.The issue stemmed from a mismatch between pricing parameters and timestamp data in the oracle configuration, which caused the system to calculate a maximum allowed exchange rate below the actual…

XRP traded quietly near $1.38 as volatility compressed across crypto markets, with traders positioning ahead of U.S. inflation data that could trigger the next directional move.News BackgroundXRP has entered a period of consolidation as broader crypto markets adopt a cautious tone ahead of key macroeconomic data. Investors are closely watching the upcoming U.S. Consumer Price Index release, which could influence Federal Reserve policy expectations and risk appetite across digital assets.While price action has been subdued, activity on the XRP Ledger remains elevated. Daily transactions recently climbed above 2.7 million, one of the highest levels in months.Institutional positioning has also continued…

Bitcoin-buying company Metaplanet has established a new venture firm, Metaplanet Ventures, to support Bitcoin ecosystem development in Japan, as the country looks to recognize Bitcoin as a regulated financial asset within the next two years.Metaplanet said on Thursday that Metaplanet Ventures K.K. will be tasked with funding, incubating and scaling companies that build regulated Bitcoin financial infrastructure, particularly those that strengthen Japan’s domestic ecosystem and make it a stronger competitor internationally.Metaplanet said it is expanding its Bitcoin strategy on the expectation that Bitcoin (BTC) will be reclassified as a regulated financial asset by January 2028.Source: MetaplanetMetaplanet Ventures will be split…

Ethereum price started a recovery wave above the $2,020 zone. ETH is now struggling to clear $2,080 and remains at risk of another decline in the near term. Ethereum started a recovery wave above the $2,020 zone. The price is trading above $2,020 and the 100-hourly Simple Moving Average. There is a declining channel forming with support at $2,000 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,080 zone. Ethereum Price Faces Key Resistance Ethereum price extended its recovery wave after it cleared the $1,965 zone,…

Ethereum is trading slightly above the $2,000 level as the market continues to navigate a period of uncertainty marked by sideways price action and cautious investor sentiment. After weeks of volatility across the broader cryptocurrency sector, ETH has entered a consolidation phase, with buyers and sellers struggling to establish a clear directional trend. Related Reading While price action appears relatively stable on the surface, new on-chain analysis suggests that underlying liquidity conditions may be shifting. According to a report from CryptoQuant analyst Arab Chain, Ethereum’s Scarcity Index on Binance currently sits around 0.67 while ETH trades near $2,050. The Scarcity…