Author: James Wilson

Researchers have uncovered a breach in a widely-used Chrome extension SwitchyOmega that exposes users to private key theft. A compromised version of the Chrome-based proxy extension SwitchyOmega has been stealing private keys from crypto wallets, putting over 500,000 users at risk, analysts at SlowMist warn. The breach started when a phishing email targeted a Cyberhaven employee, an AI-powered data security company, resulting in the injection of harmful code into the extension. The phishing email falsely claimed that Cyberhaven’s browser extension violated Google‘s policies and threatened removal unless immediate action was taken, a March 12 research report shows. Fake version of…

Newmarket Capital CEO Andrew Hohns suggests incorporating Bitcoin into government bonds as a way to reduce national debt and purchase Bitcoin for the U.S. strategic reserve. At the Bitcoin (BTC) Policy Institute’s Bitcoin for America on March 11, Hohns proposes the idea of “Bit Bonds,” a novel type of U.S. Treasury bond that incorporates Bitcoin into government financing. The idea is to use bond issuance to reduce government borrowing costs and build a strategic Bitcoin reserve, while offering American families a tax-free investment vehicle. Hohn suggested the U.S. government issue around $2 trillion Bit Bonds, with 90% of the funds…

After the recent ETH liquidation event, which caused $4 million loss to Hyperliquid’s Hyperliquidity Provider vault, the platform said it will increase the maximum leverage allowed for Bitcoin and Ethereum trading to prevent similar incidents in the future. In the said liquidation event, a whale had built a 50X leveraged long position on Ethereum (ETH) that reached 160,234 ETH. However, when the market moved against them, effectively causing liquidation, the user was still able to withdraw 17.09 million USD Coin (USDC), exiting in profit before the liquidation was executed on the Hyperliquid platform. The HLP vault, which is designed to…

The Bank of Russia has submitted proposals to the government to establish a regulated framework for cryptocurrency investments under a three-year experimental legal regime. The initiative, following directives from the Russian president, would permit a restricted group of investors to buy and sell digital currencies. Under the proposal, only “particularly qualified” investors — those with investments exceeding 100 million rubles in securities and deposits or an annual income above 50 million rubles — would be eligible.  Additionally, corporate-qualified investors and financial organizations meeting regulatory standards could participate. The central bank will introduce specific risk-based requirements for financial institutions investing in…

Pepe, the third-biggest meme coin, has been in freefall since December, but two chart patterns point to a strong rebound soon.  Pepe (PEPE) jumped to a record high of $0.00002833 in December before crashing by over 80% this month. This retreat has mirrored the performance of other meme coins, whose prices have dropped by double digits from their 2024 highs. Pepe price has formed a falling wedge and a double bottom Technicals suggest that Pepe may be on the verge of a strong bullish breakout in the coming days or weeks.  The daily chart shows that it has formed a…

Gemini crypto exchange plans to expand its USD trading support for institutional clients in the European Union. Gemini exchange has partnered with Liechtenstein-based Bank Frick to bring US dollar payment support for institutional clients in the UK and Switzerland, according to an announcement originally shared with Cointelegraph on March 12. This enabled institutions to deposit, withdraw, and trade directly in US dollars on the exchange, instead of having to convert to British pounds or Euros first. To enable instant deposits in dollars (even outside of normal banking hours), Gemini is using Bank Frick’s “xPulse” service. In the announcement shared with…

Frustrated Time.fun creator calls out Base’s X profile for promoting AI-made Grok token while ignoring their projects. Another day, another blockchain drama and this time featuring Time.fun’s creator 0xKawz, calling out layer-2 network Base for promoting a memecoin while ignoring months of work on their project. The dispute centers around Base’s X account, which recently promoted GrokCoin, a memecoin tied to Elon Musk‘s AI chatbot Grok, while giving no attention to Time.fun. icymi, @grok launched a token on Basethanks to @bankrbot and Clanker’s trading mechanisms, Grok’s AI-controlled wallet is already stacking fees ($200K+ and counting)why does it matter? AI is…

Video platform Rumble has acquired approximately 188 Bitcoin for $17.1 million, averaging $91,000 per coin. This purchase comes as part of its Bitcoin (BTC) treasury strategy. The company announced a plan to allocate up to $20 million to Bitcoin, emphasizing its desire to branch out into the cryptocurrency sector. CEO Chris Pavlovski spoke on Bitcoin’s role as a hedge against inflation and its alignment with Rumble’s broader crypto-focused strategy.  “These holdings have the potential to serve as a valuable hedge against inflation and will not be subject to dilution like so many overprinted government-issued currencies,” Pavlovski said. Rumble, known for…

California State Senator Ben Allen is eyeing further pro-crypto representation with an endorsement of Dom Bei for election to the board of California’s public pension fund. Bei is the founder of Proof of Workforce, a Bitcoin (BTC) non-profit focused on promoting BTC adoption via educational initiatives targeting workers, unions and pension funds. He is in the race to join the California Public Employees’ Retirement System, CalPERS, as a board member. Notably, CalPERS is the largest public pension fund in the United States with over $500 billion and serves more than 2 million public retirement system members. CalPERS manages the retirement…

Binance has received a $2 billion investment from Abu Dhabi-based MGX, marking the first institutional investment in Binance’s history.  The investment was conducted entirely in unnamed stablecoins, which grants MGX a minority stake in Binance and signals the firm’s entry into the cryptocurrency and blockchain sectors.  MGX, known for its focus on AI and advanced technology, said the investment aligns with its strategy to support blockchain innovation and finance. “MGX’s investment in Binance reflects our commitment to advancing blockchain’s transformative potential for digital finance,” said Ahmed Yahia, Managing Director and CEO of MGX. “As institutional adoption accelerates, the need for…