Consensys unknowingly outsourced developer work to North Korean
Through an introduction with a “reputable third-party service provider,“ the company took on a developer who, as part of an investigation, was revealed to be tied to North Korea.
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The old story of investing in new technology
This is a segment from The Breakdown newsletter. To read full editions, subscribe. “It gives women a feeling of freedom and self-reliance. I stand and rejoice every time I see a woman ride by on a wheel.” — Susan B. Anthony on bicycles The 1880s saw bicycle riders shift from sitting directly — and precariously…
Sony Bank Secures Preliminary Approval for US Stablecoin Business
Sony Bank, a subsidiary of Sony Financial Group, said it’s received preliminary approval to establish a new US national trust bank subsidiary that will issue US dollar-denominated stablecoins. The new unit, Connectia Trust, National Association, gained preliminary approval from the Office of the Comptroller of the Currency (OCC) on July 2. It will be fully…
Meta’s Chief Data Officer Says Agentic Commerce is the “Next Tier of Business”
In a wide-ranging conversation on CoinDesk Spotlight, Schultz laid out a view of Meta’s future in which agentic commerce is not a product category but an inevitability. “We think it might be the next tier of business for our entire company,” he told host, Sam Ewen. The Agentic Economy Is Already Here, But It’s Unevenly…
An update from Tomasz | Ethereum Foundation Blog
tl;dr I am stepping down from my co-ED role at the EF at the end of February 2026. Bastian Aue is taking over the co-ED role alongside Hsiao-Wei. The future is bright for builders, for Ethereum, for the EF, and for me. Future of Ethereum As competing ideas emerge and fail and the markets jump…
‘Bitcoin Needs No Narrative’: Scaramucci Dismisses July Market Noise
SkyBridge Capital founder Anthony Scaramucci urged crypto market participants to stop looking for artificial news triggers to justify price fluctuations. Against the backdrop of a local market recovery after a deep correction, the financier said the first cryptocurrency has finally outgrown the need for marketing support. “Bitcoin does not need a narrative. It is the most…
ETH Rangers Program Recap | Ethereum Foundation Blog
In late 2024, the Ethereum Foundation, together with Secureum, The Red Guild, and Security Alliance (SEAL), launched the ETH Rangers Program, an initiative to provide stipends for individuals doing public goods security work in the Ethereum ecosystem. The goal of the program was straightforward: to fund independent efforts that enhance the resilience of the Ethereum…
