Experts say weakening encryption could harm cybersecurity, deter tech investment, and threaten national security A leading privacy coalition has urged the Irish government to halt development of the Communications Interception and Lawful Access Bill, a proposal that could give law enforcement access to encrypted communications. The draft legislation, still in early stages, has sparked strong opposition from digital rights groups and cybersecurity experts who warn it could undermine global privacy and Ireland’s tech ecosystem. The Global Encryption Coalition (GEC) issued an open letter this week calling on officials to abandon the bill entirely, arguing that “any country that undermines encryption…
Author: Blockto Team
High-volume selling drives DeFi token beneath critical thresholds as market sentiment turns cautious AAVE (AAVE/USDT) has slipped below the $280 support zone, signaling mounting pressure across the DeFi sector as traders reassess risk amid a cooling broader crypto market. The asset’s decline comes after multiple failed attempts to sustain momentum above the $300 level, with sellers now testing the strength of the next support confluence around $260–$270. On the daily chart, AAVE has broken beneath a horizontal support range that had served as a strong accumulation base since mid-September. The structure now forms a rising trendline connecting higher lows since…
Lawmakers’ counter-proposal could impose severe restrictions on decentralized finance, with critics warning it may “kill DeFi” in the U.S. A new proposal from Democratic senators has sparked intense backlash across the crypto industry, with critics warning that it could effectively ban decentralized finance (DeFi) in the United States. The move comes as Democrats reportedly introduced a counter-proposal to the bipartisan crypto market structure bill, seeking to tighten controls on DeFi applications and developers. “It’s so bad. It doesn’t regulate crypto — it bans crypto,” said Jake Chervinsky, a prominent crypto lawyer. “This is less of a regulatory framework and more…
Landing a job in the crypto industry has become significantly tougher for newcomers in 2025. According to a new report from Dragonfly Capital, only one in ten crypto roles are considered entry-level, signaling a sharp contrast from the 2021 boom when startups eagerly hired fresh talent to fuel rapid expansion. Crypto Firms Shift Focus Toward Experience and Efficiency The Dragonfly Capital survey, which analyzed data from 85 crypto companies and over 3,400 employees, found that senior and principal-level positions now dominate the industry — accounting for 37% of total roles. Meanwhile, engineering functions remain the backbone of hiring, making up…
Latest upgrade introduces smarter peer selection to prevent IP tracking and bolster network security The privacy-focused cryptocurrency Monero (XMR) has released its latest software version, “Fluorine Fermi” (v0.18.4.3), designed to combat spy nodes—malicious actors that attempt to link user IP addresses to blockchain transactions. The update, announced on Thursday via X, is labeled by the development team as a “highly recommended release” due to its critical privacy and stability improvements. New Update Targets Spy Node Surveillance In the Monero ecosystem, “spy nodes” refer to malicious or compromised nodes that monitor network activity in an effort to de-anonymize users. These nodes…
“Bitcoin Jesus” may avoid prison through tentative agreement after year-long legal battle Roger Ver, widely known in the crypto community as “Bitcoin Jesus,” has reportedly reached a tentative agreement with the U.S. Department of Justice (DOJ) over tax evasion and mail fraud charges filed in 2024. According to reports, the deal would require Ver to pay $48 million in back taxes, potentially allowing him to avoid prison time after months of legal disputes and extradition proceedings. Roger Ver’s Legal Dispute with the DOJ Ver was charged in April 2024 by U.S. authorities for allegedly evading taxes related to his cryptocurrency…
Square’s Bitcoin integration reignites debate over crypto’s role as everyday money Jack Dorsey, founder of Square and long-time Bitcoin advocate, has called on U.S. lawmakers to introduce tax exemptions for small Bitcoin transactions, arguing that such a move would accelerate the digital currency’s use as “everyday money.” His comments followed Square’s latest integration of Bitcoin payment services into its merchant checkout and point-of-sale systems on Wednesday. “We want Bitcoin to be everyday money ASAP,” Dorsey said, emphasizing that tax-free microtransactions are key to unlocking Bitcoin’s potential as a peer-to-peer payment system rather than just a speculative asset. Push for De…
ATOM price tests $4 zone amid declining momentum and fading DeFi inflows Cosmos (ATOM) continued its downward move this week, slipping toward the $4.00 support level after struggling to maintain momentum above the $4.50–$4.70 range. The latest price action underscores growing selling pressure as broader market sentiment weakens, with traders closely watching whether bulls can defend this critical support. According to the daily chart, ATOM has been trading within a tight consolidation channel since early August. After multiple failed attempts to break through resistance near $4.90, the token has retraced to a familiar demand zone between $3.90 and $4.10, where…
New Ethereum initiative introduces modular privacy tools, zero-knowledge recovery, and decentralized wallet protection Ethereum’s development community has introduced Kohaku, a forward-looking roadmap designed to enhance wallet privacy and security across the Ethereum ecosystem. The initiative aims to give users and developers greater control through modular, open-source tools that reduce reliance on centralized systems. Announced by the Ethereum Foundation, Kohaku represents a major step toward privacy-preserving infrastructure for the world’s largest smart contract network. The roadmap details new wallet functionalities powered by zero-knowledge proofs (ZKPs), peer-to-peer transaction handling, and device-level security integration. Kohaku: A Modular Framework for Wallet Security At the…
Bitcoin falls below $120,000 while Ethereum dips to $4,200 amid technical corrections and waning bullish pressure. The cryptocurrency market entered a cooling phase this week, with Bitcoin (BTC) and Ethereum (ETH) both facing renewed selling pressure after their recent rallies. Bitcoin has dropped below the $120,000 mark, retesting a major support zone highlighted by technical analysts, while Ethereum has slid toward the $4,200 level, suggesting a temporary pause in bullish momentum. According to market structure, Bitcoin’s recent pullback aligns with a retest of the green support region between $118,000 and $120,000, which previously acted as resistance before the breakout in…