In brief Marlon Ferro, known as “GothFerrari,” received a 78-month federal prison sentence after pleading guilty to racketeering conspiracy charges. Ferro broke into victims’ homes in Texas and New Mexico to steal hardware wallets when digital theft attempts failed. The criminal enterprise stole more than $250 million in cryptocurrency between late 2023 and early 2025,…
South Korean crypto exchange Bithumb is expanding its overseas push through a new partnership in Vietnam as the country moves toward licensing its first domestic digital asset trading platforms. Bithumb said it signed a memorandum of understanding (MoU) with SSI Digital (SSID), a subsidiary of Vietnam’s largest securities company, SSI Securities, to cooperate on establishing…
Hong Kong, May 7, 2026 — Luffa, the global leader in intelligent ecosystem platforms, today officially announced a major brand upgrade, repositioning itself as the AI × Web3 Super Connector. Powered by AI agents as its core engine, Luffa delivers an integrated intelligent collaboration and value-flow system for individuals, creators, brands, communities, and developers worldwide….
Blockchain protocols preparing for the quantum computing threat should also consider how to quickly verify ownership on the blockchain if funds are stolen, the development and research team behind the layer-1 NEAR Protocol said. Concerns that quantum computers could eventually break blockchain cryptography have fueled worries about private keys and wallet security, but most of…
AE Coin and USD Universal are building a regulated settlement rail for converting between UAE dirham and US dollar stablecoins, targeting institutional payments and treasury flows in the UAE. The system, powered by Al Maryah Community Bank, is designed as a regulated conversion rail enabling near-instant exchange between the dirham-pegged AE Coin and the US…
American Bitcoin, the crypto mining company co-founded by US President Donald Trump’s son Eric Trump, reported an $81.7 million first-quarter loss as its revenue missed analyst estimates. American Bitcoin on Wednesday reported revenue of $62.1 million for the quarter ended March 31, a 400% increase from $12.3 million in the prior-year period but down from…
Keonne Rodriguez, one of the developers behind the crypto-mixing protocol Samourai Wallet, is appealing to the crypto community for donations to help cover legal bills and fines tied to his trial over money laundering. Samourai Wallet co-founders Rodriguez and William Lonergan Hill were sentenced on Nov. 19 to five and four years in prison, respectively,…
Stablecoins are more likely to go mainstream if adopted by major technology companies, a shift Bitwise says could help push the market closer to a projected $4 trillion by the end of the decade. Bitwise chief investment officer Matt Hougan said on Tuesday that DoorDash and Meta’s recent use of stablecoins for payments in limited…
Aave Labs has liquidated the Kelp DAO attacker’s remaining rsETH positions on Ethereum and Arbitrum, moving one step closer to fully restoring rsETH backing and compensating affected users. This marks a “critical step” in the “DeFi United” recovery plan, Aave posted on X on Wednesday. It added that the liquidated collateral tied to the $293…
Wall Street bank JPMorgan and credit card giant Mastercard said they have completed the first cross-border, cross-bank redemption of a tokenized US Treasury fund, working with Ripple’s XRP Ledger and interbank settlement rails. The pilot transaction involved blockchain tokenization platform Ondo Finance redeeming the US Ondo Short-Term US Government Treasuries (OUSG) fund for Ripple on…