The world of cryptocurrency and blockchain technology is constantly evolving, with new developments and partnerships shaping the future of the industry. As we wrap up another week in the world of crypto tech, let’s take a look at some of the most important stories that have emerged.
Network News
Solana Integration on MetaMask: Exciting news for Solana enthusiasts as MetaMask announced the live integration of the Solana network on its platform. This means that users can now transact on Solana and interact with Solana-based applications directly through the MetaMask wallet. While the integration is currently available only on desktop, it is expected to roll out on the MetaMask mobile app in the coming weeks. With over 100 million annual users, MetaMask is a popular choice among Ethereum network users.
Malware Targeting Dero: In a concerning development, a new Linux malware campaign has been discovered targeting the privacy cryptocurrency Dero. The malware exploits unsecured Docker infrastructure globally, converting exposed servers into a decentralized cryptojacking network that mines Dero. This attack highlights the importance of maintaining secure infrastructure in the crypto space to prevent such malicious activities.
FIFA Partners with Avalanche: FIFA, the global football governing body, has announced a partnership with Avalanche to build its own dedicated blockchain. The FIFA Blockchain, powered by Avalanche’s technology, aims to enhance the organization’s Web3 ambitions. This collaboration follows FIFA’s previous venture into the blockchain and crypto world with the release of an NFT collection on the Algorand blockchain.
Square’s Bitcoin Payments Pilot: Square, led by Jack Dorsey, is pushing the boundaries of bitcoin payments with a pilot program at the Bitcoin 2025 conference in Las Vegas. Attendees can now make purchases using bitcoin by scanning a barcode, with payments settled in near real-time via the Lightning Network. This move signals Square’s commitment to mainstream adoption of cryptocurrency payments.
In Other News
The cryptocurrency market continues to show signs of volatility, with Bitcoin’s upward trend facing potential challenges. The U.S. Securities and Exchange Commission (SEC) has initiated a review of the WisdomTree XRP Trust, marking a significant step towards the approval of a spot XRP ETF in the U.S.
Regulatory and Policy Updates
The U.S. Senate is inching closer to passing the GENIUS Act, a landmark stablecoin bill that has faced significant challenges. In a separate development, a suspect linked to the kidnapping and torture of an Italian cryptocurrency investor in Manhattan has surrendered to authorities.
Calendar of Events
As we look ahead, several key events are on the horizon for the cryptocurrency and blockchain community, including Bitcoin 2025 in Las Vegas, ETHPrague, Berlin Blockchain Week, and more. These gatherings provide valuable opportunities for networking, learning, and collaboration in the ever-evolving world of crypto and blockchain technology.
Stay tuned for more updates and developments in the world of cryptocurrency and blockchain technology. The future is bright, and innovation continues to drive the industry forward.