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FTX collapse was a ‘dumpster fire’, says US lawmaker announcing investigative hearing

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“There is no sugarcoating it: the FTX collapse has been a dumpster fire,” said House Financial Services Committee ranking member Patrick McHenry.

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Coin Market

Quantum attacks could worsen without proof of ownership: Near One

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Near One says blockchains may need new ownership verification systems if quantum attacks compromise wallet keys and expose private assets.

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Coin Market

UAE-regulated stablecoins to develop AED-USD conversion rails for institutional settlement

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The framework will enable near-instant conversion between dirham- and dollar-denominated stablecoins under the United Arab Emirates’s regulated payment token system.

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Trump-linked American Bitcoin reports $82M Q1 loss, revenue miss

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Donald Trump’s sons’ company, American Bitcoin, missed analyst revenue estimates and posted narrower losses as it ramped up its mining capacity.

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