Banks, regulators join quantum-resistant crypto transfer pilot

Participating banks will test post-quantum wallets and onchain transfers while regulators from Abu Dhabi, Bhutan and Malta initially observe. Banks and financial regulators across Europe, the Middle East and Asia have joined a pilot testing quantum-resistant infrastructure for digital asset wallets and onchain transfers.  The Responsible Fintech Institute (RFI) and crypto custody infrastructure provider Safeheron…

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Term Finance loses estimated $8.5M in vault governance exploit

Term permanently closed its Meta Vaults after an attack reportedly removed nearly all of their Ethereum deposits. Decentralized lending protocol Term Finance lost an estimated $8.5 million after an attacker exploited governance control of its strategy vaults, according to blockchain security firms.  On Sunday, PeckShield said the attacker drained about 2,843 Ether (ETH), valued at…

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MANTRA token sinks 18% to record low amid blockchain halt

The token recovered to about $0.0044 after setting a new low, while exchanges paused deposits and withdrawals from the halted MANTRA Chain. MANTRA’s native token sank 18.5% from its 24-hour high to a record low shortly before MANTRA Chain stopped producing blocks and its team announced a precautionary halt over an unexplained incident. According to…

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Fed study finds crypto investors driven by beliefs, easily swayed by returns

A Federal Reserve Bank of Cleveland study finds crypto investors hold sharply different views on returns and risk, while information about Bitcoin’s past gains can increase both desired allocations and actual crypto purchases. A new Federal Reserve Bank of Cleveland working paper offers a provocative explanation for why cryptocurrency behaves so differently from traditional financial…

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