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Bitunix Increases Its Care Fund to $50 Million, Further Strengthening User Protection

Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. Cryptocurrency exchange Bitunix has increased its Care Fund from $30 million to $50 million USDC, expanding the reserve available to support users in exceptional situations. The company has also identified the fund’s new on-chain address,…

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NEAR co-founder warns of ‘Security Armageddon’ across the internet

NEAR Protocol co-founder Illia Polosukhin has warned that widespread software vulnerabilities are creating a severe cybersecurity environment, calling for stronger AI-based defenses as NEAR trades near $5 following a daily decline. Summary NEAR co-founder Illia Polosukhin warned that software vulnerabilities are exposing internet services to growing security risks. Polosukhin identified PHP, TLS certificates, Node.js and…

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Suspended DICT Usec Almirol Denies ₱1.55B Conflict of Interest Allegations

Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. Suspended Department of Information and Communications Technology (DICT) Undersecretary David Almirol Jr. on Thursday denied allegations of a conflict of interest in 1.55 billion pesos worth of government contracts, maintaining that he fully divested from…

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