Everything web3, crypto, defi, degen
In brief Human visits to Wikipedia fell 8% year-over-year, with Wikipedia attributing it to people visiting AI summaries instead of consulting Wikipedia. AI summaries and search engines now answer questions outright, with nearly 60% of Google queries ending in on-page responses powered by Wikipedia content. Publishers call the trend “existential,” accusing tech platforms of using…
In brief Coinbase is launching an all-in-one financial platform for small and medium businesses to receive crypto, manage assets, and earn up to 4.1% APY on USDC stablecoins. The platform includes instant settlements, QuickBooks and Xero integrations, and self-service onboarding with approval in as little as two days. Coinbase Business competes with fintechs like Mercury…
In brief The channel was briefly compromised late Wednesday, promoting a Solana-based token. An hour later, the PGL YouTube channel, run by the Romanian esports organizer behind Valve-sanctioned tournaments, was also reportedly hijacked to stream a fake Bitcoin giveaway. Decrypt independently verified screenshots of the compromised Dota 2 channel before the content was removed. The…
In brief Bhutan’s national digital ID platform will issue credentials through Ethereum. The system, initially built with Cardano developer IOG, is scheduled to undergo a full migration by early 2026. Observers warn that putting national IDs on public blockchains might raise privacy risks despite greater transparency. Bhutan has integrated its National Digital Identity platform with…
In brief Zcash is being highlighted by notable individuals on social media. The token’s price has increased nearly 240% over the past two days. Mert Mumtaz said Zcash would hit $1,000. Zcash’s price rose to $165 on Monday as Mert Mumtaz, CEO of Solana infrastructure firm Helius Labs, continued cheerleading the token on X, among…
In brief The U.K. government is seeking to keep most of the £5 billion ($7 billion) in Bitcoin it seized in 2018 from Zhimin Qian, who has pleaded guilty to possessing criminal property. The fraud’s victims have opened civil proceedings aimed at securing compensation, with the first hearing due in January. Legal experts suggest that,…
In brief BNB Chain’s X account may be compromised with users urged not click on any links. CZ made the public announcement via his own X account on Wednesday. Phishing remains a prominent attack vector in the crypto industry. The official X account for BNB Chain has been compromised, prompting an urgent alert from Binance…
In brief Phantom designed its own stablecoin—CASH—to underpin its new consumer financial platform Phantom Cash. Phantom Cash will offer unique features like peer-to-peer transactions, a Visa debit card, and rewards on unspent CASH. The wallet provider raised $150 million in January at a $3 billion valuation. Popular Solana crypto wallet Phantom unveiled CASH, a new…
In brief Leaked files tie Moldovan oligarch Ilan Shor’s A7 network to $8 billion in crypto transactions for sanctions evasion. Analysts link the funds to election interference efforts via apps, bots, and ruble-backed stablecoins. Experts urge caution, noting attribution limits and the growing complexity of Russia’s crypto ecosystem. When a cache of internal files from…
In brief Caltech trapped 6,100 cesium atoms as qubits, the largest neutral-atom quantum system to date. Qubits stayed coherent for 13 seconds with 99.98% operational accuracy, defying scaling trade-offs. The team moved atoms across the array while keeping them in superposition. Caltech physicists have created the largest neutral-atom quantum computer to date, trapping 6,100 cesium…
