One Year After $19 Billion Crash, Crypto Faces a New RealityA year ago, crypto was riding a wave of White House support, Wall Street enthusiasm and expectations of a new golden age. Then came October’s historic crash, wiping out a record $19 billion in leveraged bets in a single day, setting off an industry-wide retrenchment and exposing the fragility of a market structure supposedly coming of age.
Crypto Hardware Wallets Hit in Estimated $70 Million AttackCrypto hardware maker Ledger SAS said it’s investigating reports that a number of users had seen a “loss of funds” from their wallets, knocking the industry further as attacks continue to pepper a technology once considered impervious to digital theft.
ECB Strives for Wide Use of Digital Euro From First IssuanceThe European Central Bank would like euro-area consumers to be able to use digital euros in all online shops, some physical stores and to make payments to each other right from the start, according to a presentation seen by Bloomberg.