- Major Ethereum validators controlling over 14% stake are testing OptimumP2P, a new data propagation system designed to tackle Ethereum’s networking bottleneck with advanced tech from MIT.
- OptimumP2P replaces traditional gossip protocols with algebraic encoding, reducing redundant data sharing. Early tests show 10x lower latency and stable handling of larger messages up to 10MB.
- Validators can safely test this system without disrupting operations. Deployment on Ethereum’s Hoodi testnet is planned for summer, with hopes to expand to other Layer 1 blockchains soon.
- Kaspersky has identified SparkKitty, a new malware targeting crypto wallet mnemonics by stealing screenshots from infected devices. It focuses on capturing seed phrases vital for crypto access.
- This spyware spreads via fake apps on iOS and Android, including a crypto price tracker and a chat app with trading features. Its removal from app stores highlights proactive cybersecurity efforts.
- SparkKitty mainly affects Southeast Asia and China but poses a global risk. Despite its simple design, its persistence and broad photo theft make it a significant threat to mobile crypto users worldwide.
- Texas has passed a landmark bill establishing Bitcoin as a reserve asset, allocating $10 million for BTC purchases. This move highlights growing crypto acceptance in the state.
- The legislation aims to diversify Texas' treasury, leveraging Bitcoin's potential for long-term value growth and financial innovation in public asset management.
- This positive step positions Texas as a crypto-friendly leader, encouraging investment and fostering economic development through blockchain technology adoption.
- Japan’s Financial Services Agency proposes reclassifying cryptocurrencies as financial products, enabling the launch of crypto ETFs. This move aligns crypto with traditional securities regulation.
- The proposal also suggests a flat 20% capital gains tax on crypto income, replacing the current progressive tax up to 55%. This change aims to attract more retail and institutional investors.
- With over 12 million active crypto accounts, Japan embraces crypto as a mainstream asset. Collaborations on stablecoins and tokenized assets further boost innovation and market growth.
- Hackers exploited Trezor's website contact form to send phishing emails posing as official support, targeting crypto users for sensitive wallet info. The breach was quickly contained.
- Trezor warns users never to share wallet backups or seed phrases via email and urges vigilance against suspicious messages. The company reinforces its commitment to user security.
- This incident highlights growing cyber threats in crypto. Trezor's prompt response and user guidance help protect the community and strengthen trust in hardware wallet security.
- Ripple's potential IPO is generating excitement with speculation of a $100B valuation, fueled by strong private share prices and a robust XRP market value. Timing is seen as key for success.
- Recent tender offers value Ripple at $25B with shares priced at $175, reflecting a 135% premium and signaling rapid growth. The company's strong cash position and XRP holdings boost investor confidence.
- Legal progress with the SEC reduces regulatory risks, paving the way for a landmark public debut. This could surpass Coinbase's record, marking a milestone for crypto-native companies going public.
- Hong Kong’s VMS Group plans to invest up to $10 million in cryptocurrencies through Re7 Capital, a London-based DeFi hedge fund, signaling growing institutional interest in digital assets.
- This move reflects VMS Group’s strategy to diversify from private equity to more liquid crypto assets, leveraging Hong Kong’s emerging pro-crypto regulatory environment.
- Hong Kong’s supportive crypto regulations, including stablecoin approvals and retail access to regulated products, attract global investors like VMS, fostering a secure ecosystem for digital finance growth.
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