Security incident exposes a Humanity Foundation member’s credentials, sending the biometric identity project into crisis — and raising deeper questions about insider involvementHumanity Protocol’s H token crashed more than 80% after attackers stole the private keys behind the project and drained more than $30 million, the latest in a year of crypto thefts that target keys rather than code.What HappenedOn-chain analyst Specter was first to flag the attack, reporting that more than 17 wallets holding H had been drained. Early losses topped $5 million before reportedly rising to more than $30 million. Blockchain monitoring platform Lookonchain confirmed the scale of…
Author: cryphedge
The Financial Conduct Authority’s landmark proposal would open a regulated pathway for mainstream UK funds to gain crypto exposure — but with strict limits attachedThe United Kingdom’s financial watchdog has proposed a significant shift in its approach to cryptocurrency investing, one that could bring digital asset exposure into mainstream investment funds for the first time.The Financial Conduct Authority (FCA) has put forward plans to allow authorized investment funds — including widely used UCITS schemes and most non-UCITS retail schemes — to allocate up to 10% of their portfolios to crypto exchange-traded notes (ETNs). The proposal, published as part of the…
Strategy Inc. has resumed Bitcoin accumulation at scale, purchasing 1,550 BTC for approximately $101.3 million in the week ending June 7 — a move that sent Bitcoin prices jumping 3.5% and drew a sharp line under the market panic triggered by the company’s first Bitcoin sale in nearly four years.The transaction was disclosed in a Form 8-K filed with the SEC on Monday, June 8. The 1,550 coins were acquired at an average price of $65,332 each, between June 1 and June 7. Strategy’s total holdings now stand at 845,256 BTC, representing more than 4% of Bitcoin’s maximum supply, with…
Author Ahmed Barakat Author Ahmed Barakat Part of the Team Since Aug 2025 About Author Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation. Share Fact Checked by CryptoNews Editorial Team Author CryptoNews Editorial Team Part of the Team Since Sep 2018 About Author The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for… Last updated: June 9, 2026 Zcash developers have finalized consensus rule changes for the Ironwood upgrade,…
Bitcoin’s drop toward $60,000 last week exposed how quickly a shift in investor appetite can turn into forced selling when leverage has been rebuilt beneath the surface of the crypto market.The largest cryptocurrency by market value fell nearly 14% last week, triggering almost $10 billion in liquidations of long futures as traders who had bet on higher prices were pushed out of the market.Bitcoin later recovered to about $63,000, but the rebound did little to settle the debate over what caused one of the year’s sharpest sell-offs.Market commentary from Charles Schwab and NYDIG points to a broader explanation. Capital has…
The post China Plans $295 Billion AI Infrastructure Push Centered on Domestic Chips appeared first on Coinpedia Fintech News China has announced plans to build a nationwide AI data center network over the next five years, with state-owned telecom operators leading the project and domestic suppliers expected to provide at least 80% of AI chips. The initiative is designed to reduce reliance on foreign technology, with Huawei positioned as a key beneficiary. The move …
When routers hunt for the cheapest path between two stablecoins, a few basis points can decide where millions in flow land. Bancor just made that race more interesting: a 0.001% taker fee on select stable-to-stable pairs on Carbon DeFi — one-tenth of a basis point — is now on the table. On May 1, 2026, a Bancor forum post proposed a 0.001% fee for TAC (Carbon) stable pairs like USDT/USN, and by May 14 a comment confirmed it had “passed and was implemented” (Bancor Governance Forum (proposal page)). A Level‑2 proposal went live on June 1 to take a similar…
The BlackRock and XRP story has been circling crypto forums for a while now, but on-chain researcher SMQKE has put something a bit more concrete on the table. A documented link between the $14 trillion asset manager and Ripple’s ecosystem is getting attention right now, and it runs through Wormhole, the blockchain interoperability protocol that powers BlackRock’s tokenization work and, at the time of writing, also carries Ripple’s RLUSD stablecoin across more than 40 different blockchains. The BlackRock and XRP overlap, also tied to broader XRP real-world assets activity and XRP Ledger tokenization, turns out to be more structural than…
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A coalition of more than 200 companies and organizations sent a letter dated June 7 to Senate Majority Leader John Thune and Senate Minority Leader Charles Schumer, urging them to bring the CLARITY Act to the full Senate floor for a vote without delay.Signed by Stand With Crypto, the Blockchain Association, the Crypto Council for Innovation, and The Digital Chamber, the letter frames the bill as a competitiveness imperative, arguing that without a federal framework, digital asset activity will continue moving to offshore jurisdictions with weaker consumer protections and less transparency.The push comes roughly three weeks after the Senate Banking…
