August 5: Coldcard's Failure Is Becoming a $130 Million Disaster

August 5: Coldcard's Failure Is Becoming a $130 Million Disaster

Coldcard remains the dominant story as estimates of the hardware wallet exploit continue climbing. Researchers now believe at least 15 attackers were involved, with losses exceeding $100 million and possibly approaching $130 million, affecting roughly 7,300 wallet addresses. Matt argues that companies selling security products should be held responsible when failures stem from their own implementation, comparing the situation to how exchanges eventually created reserve and insurance funds after years of hacks.


The episode also covers Circle's new institutional ARC blockchain, Visa and Mastercard expanding stablecoin payment infrastructure, Hashdex closing its DeFi Spot Bitcoin ETF, continued uncertainty surrounding the CLARITY Act, a foiled plot to kidnap a Bitcoin holder, and World Chain's upcoming throughput upgrade. Matt closes by arguing that trust is crypto's most valuable asset, and when companies built around security fail to protect customers, confidence in the entire ecosystem suffers.


Happy Hodling, Everyone.

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Episoder(887)

Nov 4: Democrats Sweep Congress

Nov 4: Democrats Sweep Congress

Democrats have swept control of the U.S. House and Senate in a historic midterm election, and Matt Diemer examines what the results could mean for cryptocurrency, artificial intelligence, and financia...

4 Nov 18min

Nov 3: Midterm Elections Arrive

Nov 3: Midterm Elections Arrive

It's Election Day in America, and Bitcoin is trading around $77,000 as investors wait to see who controls Congress. Matt examines historical stock market performance following midterm elections, why p...

3 Nov 16min

Nov 2: Midterm Elections Put Markets on Edge

Nov 2: Midterm Elections Put Markets on Edge

Bitcoin is holding near $78,000 following Binance's historic $6.3 billion security breach, and Craig Cobb from The Grow Me Co joins Daily Crypto News to explain what the charts are telling him. Craig ...

2 Nov 19min

Oct 30: Binance’s $6.3 Billion Hack

Oct 30: Binance’s $6.3 Billion Hack

Binance has confirmed an estimated $6.3 billion cryptocurrency security breach, potentially the largest crypto theft in history. Matt breaks down how the attack unfolded, why the reported losses kept ...

30 Okt 32min

Oct 29: AI Finds Bitcoin Security Flaws

Oct 29: AI Finds Bitcoin Security Flaws

Bitcoin holds near $80,000 after the Federal Reserve leaves interest rates unchanged, with U.S. spot Bitcoin ETFs reportedly attracting $424 million in inflows this week while Ethereum funds continue ...

29 Okt 11min

Oct 28: Crypto Data Breaches and Banking Concerns Grow

Oct 28: Crypto Data Breaches and Banking Concerns Grow

Bitcoin rebounds above $81,000 after holding its recent $79,000 support region, while investors await today's Federal Reserve interest-rate decision. Matt examines approximately $176 million in renewe...

28 Okt 17min

Oct 27: Ripple Wins Federal Banking Approval

Oct 27: Ripple Wins Federal Banking Approval

Bitcoin struggles to hold $80,000, falling as low as $79,400 despite approximately $110 million in Monday ETF inflows. Matt explains why losing this support level could open the door to a deeper corre...

27 Okt 11min

Oct 26: Crypto Wallet Hacks, Liquidations, and Market Fear Dominate the News

Oct 26: Crypto Wallet Hacks, Liquidations, and Market Fear Dominate the News

Bitcoin holds near $80,000 after a volatile weekend marked by leveraged liquidations, ETF outflows, and widespread fears of a market crash. Matt examines the difference between legitimate cybersecurit...

26 Okt 20min

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