Bloomingbit Newsroom

Hack Targeting Bitcoin Infrastructure Hits BTCPay Payment Servers

Attacks on Bitcoin-related infrastructure have been increasing, and the latest incident targeted a vulnerability in BTCPay Server, a Bitcoin payment service. CoinDesk reported on August 8 that unidentified hackers exploited a security flaw in BTCPay

US July Services PMI at 54.6, Tops Forecasts

Binance Sues RedotPay Founders, Seeks $470 Million Over Alleged User Diversion

Binance, the world’s largest digital-asset exchange, has sued the founders of digital-asset payments company RedotPay. Bloomberg reported on Aug. 5 that Binance affiliates Nest Trading, Distributed Technologies and Chantex Consulting Singapore filed

Bitcoin in Longest Capitulation Phase Since FTX Collapse, Analysis Finds

Bitcoin is enduring its longest capitulation phase since the collapse of FTX in 2022, according to a market analysis. Cointelegraph reported on August 5 that on-chain analytics firm Glassnode said its Bitcoin Cycle Position Heatmap has pointed to a c

EU Adds 12 More MiCA-Authorized Crypto Asset Service Providers

Twelve crypto-asset service providers, or CASPs, have been granted authorization under the European Union’s Markets in Crypto-Assets, or MiCA, framework. Cointelegraph reported on August 5 that the European Securities and Markets Authority updated it

Japan FSA to Set Up Digital Assets, Stablecoins Division on Aug. 7

Japan’s Financial Services Agency will create a dedicated division to oversee digital assets and stablecoins, Odaily reported on August 5. The regulator plans to launch the Digital Assets and Stablecoins Division on August 7 as part of an organizatio

Coldcard Wallet Flaw Went Undetected for Five Years, Fueling Scrutiny of Hardware Wallet Security Checks

A flaw in random-number generation that went undetected for five years in Coldcard hardware wallets is raising broader questions about the lack of security verification standards across the crypto hardware wallet industry. Cointelegraph reported on A

Bitcoin Weakens More Than in Past Strong-Dollar Periods, Glassnode Says

Bitcoin has been weaker than in past periods of dollar strength since May, according to on-chain analytics firm Glassnode. Glassnode wrote on X, formerly Twitter, on Aug. 1 that the dollar has maintained its strength since May, while Bitcoin has post

Solana Foundation CISO Says AI-Driven Fraud Is Becoming a New Threat to Crypto

Artificial intelligence is driving a rise in sophisticated phishing and identity spoofing, creating a new threat to the crypto industry that relies on deceiving people rather than exploiting technical vulnerabilities. Michael Coates, chief informatio

BNB Chain Says Former Employee Misused Official Test Wallet to Issue Meme Coin, Plans Legal Action

BNB Chain said a former employee improperly used an official test wallet to issue a new meme coin. In a post on its official X account on August 1, BNB Chain said an investigation found that the former employee used an official test wallet created du

Binance Founder Zhao Says Hardware Wallets Can Have Bugs, No Method Is 100% Safe

Changpeng Zhao, the founder of Binance, urged investors to remain cautious after a recent cold-wallet hacking incident, saying hardware wallets can also have security vulnerabilities. In a post on X, formerly known as Twitter, on Aug. 1, Zhao wrote t

North Korean Hackers Spread Fake macOS Updates in Bid to Steal Wallets

North Korean hackers attempted to steal digital-asset wallets by distributing malware to Apple computer users, Weekly Chosun reported on August 1. Citing a report by US cybersecurity firm AllSecure, the publication said the hackers lured users to rig

XRP Ledger to Upgrade Next Week, Restoring Features After Security Fixes

XRP Ledger plans to reintroduce several features whose rollout was halted over security flaws through an upgrade scheduled for next week. CoinDesk reported on August 1 that RippleX Head of Product Jaazi Cooper said five protocol amendments will be in

Bitcoin Drops Below $63,000

Reuters Says Dubai Exchange Shelbit Served as Hub for Evading Iran Sanctions

Dubai-based digital-asset exchange Shelbit allegedly served as a key financial conduit in a large Iranian sanctions-evasion network. Reuters reported on July 31 that Shelbit has processed at least $4 billion in digital assets since May 2024, linking

Texas Weighs Full Ban on Bitcoin ATMs After $56.8 Million in Scam Losses

Texas is considering a full ban on Bitcoin ATMs after scams involving the machines continued to generate losses. Decrypt reported on July 31 that the Federal Bureau of Investigation recorded $56.8 million in losses from Bitcoin ATM-related scams in T

RWA Perpetual Futures Overtake Bitcoin Trading Volume on Major Exchanges

Tokenized real-world asset products are proving more popular than Bitcoin on digital-asset exchanges, Cointelegraph reported. Citing a report from market analytics firm Talos, Cointelegraph said on July 31 that RWA perpetual futures traded on Hyperli

Bitcoin Falls Below $64,000

FTX Starts Fifth Creditor Payout Round, Plans to Distribute $900 Million

Bankrupt digital-asset exchange FTX has started its fifth round of creditor repayments. The Block wrote in a post on X on July 31 that FTX began the fifth payout round that day and plans to distribute about $900 million to eligible creditors. Once th

SparkKitty Malware Targeting Crypto Users Found on Apple App Store, Google Play

A new malware strain targeting cryptocurrency users, dubbed SparkKitty, has been found on Apple’s App Store and Google Play. Crypto news outlet The Block reported on July 27 that cybersecurity firm Check Point said in a report released that day that

BNY, BitPay Among 15 Firms Added as MiCA-Licensed Crypto Providers

Cointelegraph reported on July 27 on X, formerly known as Twitter, that 15 firms, including BNY, formerly BNY Mellon, and BitPay, were added as new crypto-asset service providers under the Markets in Crypto-Assets regulation, citing an update from th

From Exchanges to Layer 2s, Crypto Closures Pile Up as Slump Drags On

Digital-asset exchange BitMart is set to shut its exchange business, joining a growing list of crypto-industry closures in 2026. This year, companies across the sector — from exchanges to decentralized finance, or DeFi, platforms — have been ending s

North Korean Hackers Use Fake Video Calls to Target Wealthy Crypto Investors

A North Korean hacking group has attempted to breach digital-asset wallets belonging to wealthy investors by luring them into fake video meetings, Cryptopolitan reported on July 27. Cybersecurity firm JumpSec said in a recent report that the North Ko

Japan Ruling Party Lawmaker Pushes to Ease Crypto Leverage Cap

A lawmaker from Japan's ruling Liberal Democratic Party called for easing leverage rules on cryptocurrency trading. Speaking at a financial summit in Tokyo, Seiji Kihara said the current two-times leverage cap on crypto trading is overly restrictive

Bitcoin Whale Inflows to Binance Drop 44% to $3.9 Billion Ahead of FOMC

Bitcoin whale investors appear to have turned cautious three days before the Federal Reserve’s interest-rate decision. Retail investors, by contrast, continued to send coins to exchanges at a relatively brisk pace. Amr Taha, a CryptoQuant contributor

Japan Ruling Party Lawmaker Pushes to Ease Crypto Leverage Cap

A lawmaker from Japan's ruling Liberal Democratic Party called for easing leverage rules on cryptocurrency trading. Nikkei reported on July 27 that Seiji Kihara, a Liberal Democratic Party lawmaker, told a financial summit in Tokyo the current 2x lev

Japan Ruling Party Lawmaker Seeks to Ease 2x Crypto Leverage Cap

A lawmaker from Japan’s ruling Liberal Democratic Party called for easing leverage rules on cryptocurrency trading. Nikkei reported on July 27 that Seiji Kihara told a financial summit in Tokyo the current 2x leverage cap on crypto trading is excessi

Bloomberg Says Trump Family Crypto Business Is Biggest Obstacle to CLARITY Act

Bloomberg reported that the CLARITY Act, a top focus for the crypto industry, is running into obstacles because of ethics concerns tied to US President Donald Trump’s family digital-asset businesses. On July 25, Bloomberg said Democrats are pushing f

Fidelity Urges U.S. Senate to Pass CLARITY Act, Citing Need for Digital-Asset Regulatory Clarity

Fidelity, the world’s third-largest asset manager, urged the U.S. Senate to swiftly pass the CLARITY Act, a digital-asset market-structure bill. In a statement, Fidelity said a clear regulatory framework for digital assets is needed to boost investor

Bitcoin Must Hold $63,800 Support to Rebound Toward $67,000, Analyst Says

Bitcoin needs to hold the $63,800 level as support to keep the door open for a rebound, according to digital-asset analyst Ali Martinez. Martinez wrote on X on July 25 that defending that price level could lift Bitcoin to $67,000. If the support fail