Telegram CEO Pavel Durov cited claims the EU’s new age-check app was hacked in minutes, warning it could expand into wider online identity controls. Telegram CEO Pavel Durov warned Friday that the European Union’s new age-verification app could become a stepping stone toward broader online identity tracking, days after the European Commission said the system was technically ready for rollout. In a Telegram post on Friday, Durov cited analysis from security consultant Paul Moore, who said the app is hackable in “under two minutes” after examining its technical design. “This product will be the catalyst for an enormous breach at some point,” Moore said in an X post on Thursday, adding that the system could be tricked so the age check isn’t properly tied to the actual user or their device. Read more
The crypto infrastructure company said its new wallet lets users buy, sell, swap and cash out digital assets in one app without relying on outside providers. Fintech company Ramp Network said Friday it launched a multichain self-custodial wallet designed to tackle a common friction point in crypto of needing to rely on outside providers for core actions such as buying, swapping and cashing out. The company said the wallet allows users to buy, sell, trade and cash out digital assets inside a single application, using Ramp’s own on-ramp, off-ramp and cross-chain infrastructure rather than handing users off to external services, according to an announcement shared with Cointelegraph. Ramp said the wallet launches with support for Ether (ETH) across eight networks: Ethereum, Arbitrum, Base, Linea, MegaETH, Optimism, Polygon zkEVM and zkSync Era. It will also offer support for additional networks, including Bitcoin, Solana, Binance Smart Chain, Polygon, Apechain, Avalanche, Celo and Gnosis. Read more
Bloomberg reported Flow Capital plans to tokenize its private credit fund to raise additional capital, but crypto execs warn tokenization doesn’t magically make hard-to-trade assets liquid. Flow Capital Partners is planning to tokenize its private credit fund through Singapore-based DigiFT, Bloomberg reported Friday, as the Hong Kong credit manager looks to tap blockchain-based distribution for its next capital raise. According to the report, Flow Capital plans to bring its $150 million private credit fund on the blockchain through Singapore-based tokenization platform DigiFT by the end of April, seeking to raise an additional $30 million in tokenized shares by the end of 2026, Jacky Tian, chief investment officer of Flow Capital, said. The $30 million raise is part of the company’s plans to expand the size of the fund to $250 million with a target net return of 12%. The fund launched in mid 2025, with $125 million in seed capital, according to the company. Cointelegraph has approached Flow Capital and DigiFT...
Tempo’s new “Zones” feature offers private, permissioned stablecoin transactions on its layer-1 for enterprises, but critics warn the operator‑controlled design adds back centralized trust. Tempo unveiled a new “Zones” feature Thursday aimed at giving enterprises bank-style privacy on public stablecoin rails, but not everyone in crypto is convinced the trade-offs are worth it. The payments-focused layer-1, co-developed with backing from Stripe and Paradigm, said Zones will let companies run transactions in permissioned environments while still tapping public blockchain liquidity. The pitch targets a long-standing issue for institutions: sensitive data like payroll, merchant volumes or treasury activity being exposed on public ledgers. Some privacy-focused developers argue that the design sacrifices too much. Because each Zone is controlled by an operator that can see full transaction data and suspend a user’s ability to transfer or withdraw funds based on its own compliance rules, critics say it introduces ce...
Foundation is shutting down after a failed sale to Blackdove, having processed about $230 million in NFT primary sales since its launch in 2021. Foundation, one of the better-known Ethereum-based non-fungible token (NFT) marketplaces of the 2021 boom, is shutting down after the sale that was supposed to keep it operating fell apart. Kayvon Tehranian, Foundation’s founder and CEO, took to X on Wednesday to announce the marketplace’s closure following a failed acquisition by the digital art distribution platform Blackdove. Although Tehranian did not directly mention Blackdove, he said the original goal of the sale was to ensure the platform would continue operating under new ownership. “That’s no longer possible,” he said, adding that Foundation is not in a position to bring the marketplace back online. Read more