Day: April 6, 2025

Jameson Lopp sounds alarm on Bitcoin address poisoning attacks

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Jameson Lopp, the chief security officer at Bitcoin (BTC) custody company Casa, sounded the alarm on Bitcoin address poisoning attacks, a social engineering scam that uses similar addresses from a victim’s transaction history to fool them into sending funds to the malicious address. According to Lopp’s Feb 6 article, the threat actors generate BTC addresses that match the first and last digits of addresses from the victim’s transaction history. Lopp analyzed the Bitcoin blockchain history for this type of attack and found: “The first such transactions did not appear until…

Strategy CEO Makes The Case For Corporate Bitcoin Adoption In MIT Keynote

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At a recent keynote delivered at the MIT Bitcoin Expo, Phong Le, CEO of Strategy (NASDAQ: MSTR), made a bold case for Bitcoin as a core component of modern corporate treasury strategy. With over 528,000 BTC on its balance sheet, Strategy has become the most visible—and arguably the most successful—public company to adopt Bitcoin as a primary reserve asset. “We outperformed the entire Nasdaq, the entire S&P 500, the entire Mag Seven… and we outperformed Bitcoin,” Le told the audience. While Strategy Chairman Michael Saylor laid the philosophical foundation for…

Bitcoin falls below $80K — Will PI, OKB, GT and ATOM outperform BTC and altcoins?

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Last week, Bitcoin (BTC) began showing early signs of decoupling from the US stock markets. Bitcoin was relatively flat over the week, while the S&P 500 plunged by 9%. The sell-off was triggered following US President Donald Trump’s April 2 global tariff announcement, which escalated further on April 4 as China retaliated with new tariffs on US goods. Even gold was not spared and was down 1.9% for the week. Alpine Fox founder Mike Alfred highlighted in a post on X that a gold bull market is bullish for Bitcoin.…

Stablecoins are the best way to ensure US dollar dominance — Web3 CEO

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Stablecoins are the single best tool for the United States government to maintain the US dollar’s hegemony in global financial markets, according to LayerZero Labs CEO and founder Bryan Pellegrino. In an interview with Cointelegraph, the CEO of LayerZero Labs, which created the LayerZero interoperability protocol recently chosen by Wyoming to be the distribution partner for the Wyoming stablecoin, said that the cross-border accessibility of dollar-pegged tokens makes them an obvious choice to drive US dollar demand. Pellegrino added: “Stablecoins for the US dollar are the single best tool —…

Bitcoin price drops below $80K as stocks face 1987 Black Monday rerun

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Bitcoin (BTC) turned up volatility into the April 6 weekly close as fears of a stock market crash contrasted with bullish BTC price targets. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView CNBC’s Cramer: 1987 crash not “off the table yet” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping below $80,000 on the day, down 3% since the start of the week. The days in between had seen several bouts of flash volatility as US trade tariffs and recession concerns stoked major losses across risk assets. US stocks in particular recorded…

CFPB likely to step back from crypto regulation — Attorney

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The Consumer Financial Protection Bureau (CFPB) will likely see a reduced role in crypto regulations as other federal agencies like the Securities and Exchange Commission (SEC) and state-level regulators assume a bigger role in crypto policy, according to Ethan Ostroff, partner at the Troutman Pepper Locke law firm. “I think with the current administration, my sense is, we are highly likely to see a significant pullback by the CFPB in the context of the activity by other regulators,” Ostroff told Cointelegraph in an interview. State regulators also have the authority…

As gaming giants crumble, onchain gaming promises remain unfulfilled

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Opinion by: Daryl Xu, co-founder and CEO, NPC Labs While gaming has been on a steady decline since the end of COVID-19 lockdowns, 2024 hit the industry especially hard, with layoffs and studio closures hitting even the most prominent studios.  While unsustainable development costs and an innovation crisis seem to be the main culprits behind the collapse, Web3 gaming emerged as a potential solution promising to return power to developers — and it raised billions of dollars in investment to do so.  Yet, despite a continued rise in crypto adoption,…

‘Climax of uncertainty’ before crypto market recovery

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Cryptocurrency markets could be on track for recovery as investor sentiment begins to stabilize following US President Donald Trump’s sweeping tariff announcement — what some analysts are calling the peak of recent market uncertainty. Trump announced his reciprocal import tariffs on April 2, which sent tremors across global markets. The S&P 500 lost more than $5 trillion, its largest drop on record, surpassing the pandemic-induced crash in March 2020, according to Reuters. Still, some analysts see a silver lining to the tariff announcement. “In my opinion, the tariffs are the…

Decentralized exchanges gain ground despite $6M Hyperliquid exploit

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Decentralized cryptocurrency exchanges (DEXs) continue to challenge the dominance of centralized platforms, even as a recent $6.2 million exploit on Hyperliquid highlights risks in DEX infrastructure. A cryptocurrency whale made at least $6.26 million profit on the Jelly my Jelly (JELLY) memecoin by exploiting the liquidation parameters on Hyperliquid, Cointelegraph reported on March 27.  The exploit was the second major incident on the platform in March, noted CoinGecko co-founder Bobby Ong. “$JELLYJELLY was the more notable attack where we saw Binance and OKX listing perps, drawing accusations of coordinating an…

Tried automating crypto trades with Grok 3? Here’s what happens

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Key takeaways Grok 3 adjusts its predictions based on evolving market trends by analyzing real-time data patterns. Combining technical analysis with sentiment data improves accuracy; Grok 3 effectively identifies potential trade opportunities. Backtesting strategies before live trading is crucial; testing Grok 3’s prompts using historical data helps refine conditions and improve performance. While Grok 3 can automate trades, human oversight remains critical in adapting to unexpected market conditions. Crypto trading is complex. Prices can swing wildly, and even experienced traders struggle to keep up. That’s why automation tools are gaining…