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According to cybersecurity firm Hacken, financial losses from crypto hacks topped $440 million in the third quarter of 2024. …
Mark Carney, a Canadian economist and now Prime Minister-designate, is already under the microscope for his previous remarks regarding cryptocurrency. Carney, who replaced former Prime Minister Justin Trudeau, took a measured and critical approach to cryptocurrencies, namely Bitcoin (BTC), in a 2018 speech he made at the Bank of England. He also shared concerns over private stablecoins and supported the idea of a central bank currency (CBDC) — a concept many crypto purists regard as antithetical to cryptocurrencies.At the same time, Carney has said in his platform for the upcoming 2025 federal elections that he wants to make Canada a leader in emerging technologies, including “AI, tech, and digital industries.”Carney’s previous statements, along with the US trade war on its former trading partners, have raised questions over the Prime Minister-designate’s economic platform and what part, if any, crypto will play.Bitcoin a “poor store of value”While serving as governor of the…
From niche experiment to $7 billion market, tokenized US Treasurys are quietly becoming a major driver of institutional onchain yield. …