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IBM Joins Swift's Blockchain: 17 Banks Already Piloting It

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The Coldcard Exploit Shows There Is No Such Thing as a Perfect Crypto Wallet

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For years, hardware wallets have been promoted as one of the safest ways to store cryptocurrency. The idea is simple: keep your private keys offline, away from hackers, and your assets remain secure. The latest exploit involving the Bitcoin hardware wallet Coldcard is challenging that belief. Security researchers say attackers exploited a vulnerability affecting Coldcard wallets, with blockchain analysis now estimating that roughly $70 million worth of Bitcoin was stolen from more than 1,100 wallets . The incident has become one of the biggest hardware wallet security events in recent years, raising fresh questions about how investors should think about self-custody. A Reminder That No System Is Perfect The exploit doesn't mean hardware wallets are unsafe. It does, however, show that no storage method is completely immune to risk. Hardware wallets are designed to protect users from online attacks, malware and exchange failures. But like any piece of technology, they stil...

Why One Fed Decision Could Shake Bitcoin, Solana and the Entire Crypto Market

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Every few weeks, the cryptocurrency market finds itself watching an institution that has nothing to do with blockchain. It's not a crypto exchange. It's not a token launch. It's the U.S. Federal Reserve . On July 29 , the Federal Open Market Committee (FOMC) will announce its latest interest rate decision, followed by a press conference from Federal Reserve Chair Jerome Powell. For crypto investors, it's one of the most closely watched events on the economic calendar. Why Does the Fed Matter? The Federal Reserve controls the benchmark interest rate in the United States. That rate influences borrowing costs, spending, business investment and the flow of money throughout the global financial system. When interest rates are low, investors are generally more willing to buy riskier assets such as technology stocks and cryptocurrencies. When rates stay high or are expected to rise further, many investors become more cautious, often shifting money into safer investme...

BitMEX Hit With 623 BTC Lawsuit on the Same Day It Announces Shutdown

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Crypto exchange BitMEX is facing a new legal challenge just as it prepares to close its doors. On the same day the company announced it will shut down its exchange operations later this year, two former users filed a proposed class-action lawsuit seeking the return of 622.66 Bitcoin (BTC) , claiming they suffered unfair liquidations on the platform. The lawsuit alleges that BitMEX's liquidation system was designed in a way that benefited the exchange by transferring customers' remaining collateral into its insurance fund after their positions were forcibly closed. According to the complaint, one plaintiff claims losses of 305.81 BTC , while the other alleges losses of 316.85 BTC , bringing the total amount in dispute to nearly 623 BTC . The filing also alleges that an internal trading desk had access to non-public customer information and was able to continue trading during periods when some users were unable to access the platform because of server issues. These are alle...

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