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Coldcard crisis hits $130 million – proving ‘not your keys’ is meaningless if you trust a single device to generate them

Block's Bitcoin Engineering and Security team and independent Bitcoin Core developers have traced the recent batch of Coinkite Coldcard wallet losses to a specific firmware defect that exposed a hidden weakness in Bitcoin self-custody before any user touched a seed phrase. The bug diverted the device's random-number generation from its STM32 hardware source to MicroPython's […]

CryptoSlateCryptoSlateGino Matos4 Aug

Five days, a 30% chance, and a battle over Trump’s crypto profits: Inside the Senate’s scramble to pass CLARITY Act before Friday

The CLARITY Act enters the Senate's final scheduled week before the August recess. Monday's floor schedule opens with H.R. 6500, a government funding vehicle, and CLARITY has yet to appear on the schedule. Negotiators are still working through disputes over government ethics and stablecoin rewards, and prediction markets price the odds of the bill becoming […]

CryptoSlateCryptoSlateGino Matos3 Aug

Four unpatched bugs, a 5-year quantum clock, and a miner standoff are pushing Bitcoin to a critical crossroad

Bitcoin entered BIP-110's final ordinary 2,016-block window on July 25 with miner support at 0.89%. The proposal requires 1,109 blocks, or 55%, for ordinary lock-in, and its mandatory version-bit phase can begin in August if support stays below that threshold. Jameson Lopp has framed Consensus Cleanup, covenants, and quantum preparation as Bitcoin's next agenda. He […]

CryptoSlateCryptoSlateGino Matos3 Aug