Crypto debit cards expose risks from shared payment providers
Crypto debit card failures have exposed how little control some wallet and fintech brands hold over their payment services, with a $1.1 million Rain contract exploit illustrating the risks of shared infrastructure. Summary Shared banks, processors, and middleware can leave separate card brands exposed to the same failure. Rain’s August exploit targeted funded card balances,…
North Korea Is Creating Fake Meme Coins to Launder Millions From the $6.4B Binance Hack
Six meme coins created on NEAR helped North Korean hackers move stolen funds, with almost no genuine trading activity involved. North Korean hackers are creating their own meme coins to move stolen stash from the Binance hack, according to blockchain analytics firm Elliptic. The attackers are using newly launched tokens and decentralized exchange liquidity…
Apple Watch Ultra 4 hits record-low price ahead of Black Friday: Save $99
SAVE $99.01: The new Apple Watch Ultra 4 (GPS + Cellular, 49mm) is on sale for the record-low price of $699.99 at Amazon and Costco as of Nov. 10. That’s 12% off its standard sticker price of $799. $699.99 at Amazon $799 Save $99.01 $699.99 at Costco $799 Save $99.01 Not restricted to Costco…
Wall Street Banks Commit $270M to Stablecoin Challenger Project Faro: Bloomberg
Key Takeaways Project Faro’s $270 million commitment will finance five years of operations, separate from the reserves backing its stablecoins. The venture unites 21 financial institutions across five continents, Bloomberg reports, with a U.S. dollar stablecoin planned first. The consortium is recruiting a CEO as it prepares to challenge established stablecoin issuers in 2027. Banking…
Elon Musk Grok AI Predicts a Huge Bitcoin Price Rally: Can it Really Go This High?
Bitcoin (BTC) is trading near $74,500 after a period of consolidation and selling pressure, yet the upside case still leaves room for an extraordinary outcome. Elon Musk’s Grok AI predicts that while the market has faced headwinds from mixed ETF flows and macro uncertainty, a highly unlikely but transformative catalyst could still rewrite the valuation…
‘We Have to Take Over’: Far-Right Extremists Want to Seize Control of the GOP
On Election Day last week, white nationalist Nick Fuentes urged his supporters on X to “get out and vote Democrat today.” The post racked up over 12 million views. Hours later, in the wake of the Democratic sweep, Fuentes took credit for the victory. “We did it again” he wrote on Telegram, later calling the…
Binance Warns About a Major Threat: Here’s the Best Protection
“This is an iOS-level issue, not unique to Binance,” the exchange stated. The world’s largest cryptocurrency exchange warned users to be extremely careful about a vulnerability affecting certain iOS devices. The flaw could allow bad actors to access sensitive information, putting people’s funds and personal data at risk. Here’s what users should do to…
Oura to acquire AI-native primary care startup Counsel Health for $625M
Oura announced on Tuesday that it’s acquiring AI-native primary care company Counsel Health for $625 million. The deal comes a few weeks after Oura postponed its up to $2.2 billion IPO indefinitely, citing “uncertainty in the IPO market.” Counsel Health is an AI-powered healthcare platform that combines a chat-based medical experience with access to licensed…
XRP Ledger Targets Quantum-Resistant Upgrade by 2028—The Risks and Costs
Key Takeaways XRP Ledger is targeting quantum readiness by 2028, with new roadmap research outlining plans to implement ML-DSA-44 post-quantum signatures for accounts, validators, and validator list publishers. The upgrade presents significant technical challenges, including a 213% increase in transaction size, an estimated 1,040 development and review hours, and $215,000 to 255,000 in additional expenses….
Stablecoin venture gets $270M backing from Goldman and Citi
Goldman Sachs, Citi, Santander, and Deutsche Bank have joined financial firms committing around $270 million to a planned U.S. dollar stablecoin venture, according to Bloomberg’s Nov. 10 report. Summary Banks have committed funding to cover the planned stablecoin issuer’s first five years of operations. Twenty-one financial institutions joined the consortium, which targets a launch in…
