#crypto

Tangem, a company specializing in card-based crypto wallets, is collaborating with Visa to create a new hardware wallet incorporating Tangem Pay technology. This will enable users to make payments at standard terminals.

Bryan Pellegrino, CEO of LayerZero, has dismissed claims by anonymous crypto sleuth 0x52 about a critical vulnerability in the protocol.

In the second quarter of 2024, crypto projects lost $572 million to fraud and hacks, more than doubling the $265 million in the same period last year. The two biggest victims were centralized exchanges: Japan’s DMM Bitcoin ($305 million) and Turkey’s BtcTurk ($55 million).

Mikko Ohtamaa, a developer of the algorithmic trading protocol TradingStrategy․ai, has voiced concerns about the auditing company CertiK. According to Ohtamaa, CertiK independently adds projects to its Skynet rating list, which assesses cybersecurity, decentralization levels, and more.

In the first half of 2024, memecoins demonstrated the highest profitability (1834%) among all cryptocurrency sectors. Following far behind were Real World Assets (RWA) - tokenized real assets, including BlackRock products, with a growth of 213%.

The Italian government intends to tighten control over the cryptocurrency market, including imposing hefty fines of up to €5 million for insider trading and asset manipulation. The proposed decree is pending approval from the Council of Ministers.

Security company SlowMist has analyzed reports of stolen cryptocurrency assets for the second quarter of 2024, which were collected through the MistTrack platform. This analysis only considered hack reports submitted via the official form, identifying three primary attack methods: theft of private keys, the use of fake crypto wallets, and phishing.

On July 1, at a press conference in Paris, Circle announced that its stablecoins, USDC and EURC, now adhere fully to the European Union’s Markets in Crypto-Assets (MiCA) regulations.

Asset management company Abra has launched the Abra Treasury, a crypto platform for corporate clients.

These new tokens are designed to circumvent the upcoming European Markets in Crypto-Assets Regulation (MiCA), effective June 30, 2024.

The UK Financial Conduct Authority (FCA) has arrested two individuals linked to the operation of an illicit cryptocurrency exchange that processed transactions worth over £1 billion. During the search, the police seized several digital devices.