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India orders takedown of Jack Dorseys bitcoin-linked messaging app Bitchat

SummaryIndia‘s cybercrime agency has ordered GitHub to take down repositories for Bitchat, Jack Dorsey’s offline messaging app, as Delhi protesters use mesh-network tools to evade repeated internet shutdowns.Authorities say Bitchats decentralized, registration-free design thwarts lawful interception and investigation, even as demonstrators rely on it and similar Bluetooth mesh apps to coordinate during exam scandal protests.It was unclear whether GitHub complied within the three-hour deadline, and the app remained available on major app stores Friday, with experts noting that open-source code is often mirrored beyond a single platform.　　Indias top cybercrime watchdog has ordered GitHub to take down Bitchat, the offline messaging app built by Block chief executive and bitcoin advocate Jack Dorsey, as anti-government protesters in Delhi adopt mesh-networking tools to communicate through repeated internet shutdowns.　　the government of india does not like technologies like bitchat and wants it taken down pic.twitter.com/gjzMg1NGCi　　— jack (@jack) July 24, 2026　　The Indian Cyber Crime Coordination Centre, part of the Home Ministry, issued the order late Thursday under Section 79(3)(b) of the IT Act, naming three GitHub repositories tied to Bitchat and giving the platform three hours to disable access.　　The notice, reviewed by CoinDesk, says the app enables anonymous communication without registration, phone numbers or centralized logging,

07-24انڈسٹری

South Koreas Korbit to rebrand as Digital X under Mirae: Report

South Korean crypto exchange Korbit will reportedly rebrand as Digital X after becoming part of Mirae Asset Group.　　Mirae Asset founder and global strategy officer Park Hyeon-joo announced the new name in an internal email to employees on Thursday, according to a Herald Business report. Park reportedly described Digital X as central to the groups “Mirae Asset 3.0” strategy, which aims to combine digital assets with traditional finance.　　The company plans to expand into real-world asset (RWA) tokenization, security token offerings, stablecoins and traditional asset products. Park said the exchange would prioritize anti-money laundering controls, customer verification, information security and fraud detection as South Korea develops its crypto and tokenized securities rules.　　Mirae completed its acquisition of a 97% stake in Korbit on Thursday. Korbit said that its existing services would continue without changes following the acquisition.

07-24انڈسٹری

Former bitcoin miner Poolin files Chapter 11, sets $52 million floor bid for Texas operations

Quick TakePoolin Technology filed for Chapter 11 bankruptcy and is seeking court approval to sell Texas mining assets through a $52 million stalking-horse bid.The debtors reported approximately $173.1 million in prepetition obligations, including about $163.7 million in unsecured IOUs issued after Poolin Wallet suspended customer withdrawals in 2022.　　Poolin Technology Pte. Ltd., the Singapore-based parent company of what was once one of the worlds largest bitcoin mining pools, filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of New Jersey after its Texas bitcoin mining and hosting operations ceased activity on July 10.　　The filing includes two U.S. affiliates, Lonestar Dream Inc. and Lonestar Taproot LLC. Poolins petition lists estimated creditors between 10,001 and 25,000, assets between $1 million and $10 million, and liabilities between $100 million and $500 million.　　In a declaration accompanying the filing, Chief Restructuring Officer Michael DuFrayne placed the debtors prepetition obligations at approximately $173.1 million. Roughly $163.7 million of that amount consists of unsecured IOUs issued to Poolin Wallet customers following the companys suspension of withdrawals during the 2022 cryptocurrency market downturn. Around 11,700 retail users held frozen IOUs exceeding $100 each when the suspension began, according to the filing.　　Rather than pursuing a

07-24انڈسٹری

Bitcoin mining pool Poolin files for Chapter 11 bankruptcy

Singapore-based Bitcoin mining pool Poolin and two of its US affiliates filed for Chapter 11 bankruptcy in a New Jersey court on Wednesday.　　Poolins court filing shows that the mining pool operator has estimated liabilities of $100 million to $500 million, assets of $1 million to $10 million and 10,001 to 25,000 creditors.　　Poolin and its affiliates are also seeking court approval to sell two West Texas mining sites to Thor CALAP LLC under a proposed $52 million stalking-horse bid. This includes $37 million for the Tarbush assets, including assumed liabilities, and $15 million for the Pyote site, including the power rights, equipment and all other assets tied to the mining facilities.　　The proposed sale would be subject to a court-supervised auction, with a bid deadline of Sept. 8 under the proposed bidding procedures.　　Poolin was once the worlds largest Bitcoin mining pool in 2019. It now ranks as the 17th largest mining pool operator by hashrate, with a 0.2% market share, according to Hashrate Index.　　Related: Hobby-level miner bags $200K solo BTC block with budget Bitaxe rig　　Bitcoin miners increasingly turn to restructuring and AI　　Bitcoin mining operations are facing growing financial constraints due to rising electricity costs, forcing some operations to shut down while others

07-24انڈسٹری

Nasdaq listed Zhibao plans 3,500 Bitcoin treasury through proposed PIPE

Zhibao Technology has signed a non-binding agreement that could bring about 3,500 Bitcoin, valued at roughly $220 million, onto its balance sheet through a proposed stock sale paid in BTC.　　SummaryZhibao has signed a non binding agreement to receive about 3,500 Bitcoin through a proposed $220 million stock sale.The proposed deal would give the investor majority control of Zhibaos board while establishing a Bitcoin treasury if completed.The announcement comes as public companies continue adopting different strategies to build or manage Bitcoin reserves.　　According to a Wednesday press release from Nasdaq-listed Zhibao Technology, the Shanghai-based digital insurance company has entered into a non-binding term sheet with Joyertech and Information OPC for a proposed private investment in public equity (PIPE) financing that would be settled using approximately 3,500 Bitcoin instead of cash.　　If completed, the buyer or its designated entity would subscribe to newly issued securities, with the Bitcoin amount remaining subject to final valuation, custodial arrangements, audit verification, regulatory review, Nasdaq compliance and the execution of definitive agreements.　　The proposed transaction would do more than add Bitcoin to the company‘s balance sheet. Under the term sheet, Joyertech is expected to nominate a majority of Zhibao’s board members when the financing closes, giving the investor effective

07-24انڈسٹری

Live updates: Dogecoin and ether lead pullback as investors digest tech earnings

Dogecoin and ether lead a quiet pullback as crypto consolidates before the Fed　　Dogecoin fell 4.5% and ether dropped 2.5% on Friday, leading a broad but shallow retreat across the majors as the market consolidated a strong week, per CoinDesk data. XRP and Solana each slipped about 2.5%, while bitcoin held up better, down 0.6% to around $65,400.　　The pullback barely dented the weekly picture. Bitcoin is still up 3% over seven days, ether 1.8%, and most majors remain green on the week, with Hyperliquid the exception at down 3.5%.　　There was no single catalyst behind Fridays move, more a pause after the run-up than a reversal.

07-24انڈسٹری

Dem senator calls GOP‘s CLARITY ethics proposal a ’piece of s---: Politico

Democratic Senator Ruben Gallego says he will be working with Republicans to come up with a counterproposal to White House-approved ethics provisions in the CLARITY Act, saying the draft released this week was “not a serious effort.”　　On Wednesday, Senate Republicans released the proposed text for the Digital Asset Market Clarity (CLARITY) Act, including language on ethics that would bar all US federal officials — including US President Donald Trump — from issuing or sponsoring any digital asset. Democrats said the ethics provisions fall short.　　“Whatever piece of s--- they sent back to us, that was not a serious effort,” Senator Ruben Gallego told Politico on Thursday.　　Related: Here‘s why the CLARITY Act’s ethics deal may be so hard to reach　　“I can‘t imagine that that’s a serious effort — after all the work that weve done with our Republican colleagues, that they would take the months and months of work and somehow interpret that and turn around and think what they offered was even remotely close.”　　Senate Republicans have rejected the idea that the ethics provisions are weak, with Senator Bernie Moreno describing the draft as containing “the most powerful ethics language in US history.”　　Gallego said he would work with Senator Thom Tillis and

07-24انڈسٹری

Mirae plans to turn crypto exchange Korbit into something Korea hasn't seen before

Korbit currently holds less than 1% of South Koreas domestic crypto market, far behind giants Upbit and Bithumb. When asked directly about its strategy to compete, Mirae Asset stressed that the goal is not to overtake any other company or exchange, but to promote sustainable growth of the digital assets industry in South Korea.　　“We intend to combine Mirae Assets extensive global investment expertise with Korbits digital asset capabilities to promote the sound and sustainable growth of the digital asset industry in Korea and globally.”　　In other words, Mirae Asset isnt trying to outdo Upbit or Bithumb, but to offer a one-stop shop that brings together institutional investment capabilities, research, education, and digital asset infrastructure under one roof.　　The group also told CoinDesk it would strictly comply with AML, KYC, and fraud-detection standards across all areas, a signal that Digital X is being positioned for institutional clients as much as for retail traders.　　Mirae Assets affiliate Mirae Asset Consulting recently increased its stake in Korbit to 97.15%, completing the acquisition after receiving regulatory approval from South Koreas Fair Trade Commission.　　“The acquisition was carried out through lawful procedures following a thorough review of the relevant laws and regulatory framework. Mirae Asset Consulting was selected as

07-24انڈسٹری

DeFi Is a Major Target for Hackers — Your Funds May Flee Faster Than the Project Team Can React

In the first half of 2026, a total of 344 security incidents occurred in the Web3 ecosystem, with cumulative losses amounting to approximately 1.32 billion US dollars. Although this figure represents a 46.8% decline year-on-year compared to the same period last year, excluding the impact of the $1.45 billion loss from Bybit, the scale of losses in the first half of this year actually rose by around 28% year-on-year.　　In other words, there has been no substantial improvement in the overall security environment of the industry.　　In the first quarter alone, Web3 projects lost $464.5 million across 43 incidents, with phishing and social engineering attacks inflicting the heaviest losses. Wallet theft was the costliest attack vector, causing $445 million in losses via 33 incidents in the first half of the year; phishing led to $366 million in losses through 63 incidents.　　The latest case involves DeFi platform Summer. fi (formerly Oasis. app), which was exposed to an attack on July 6,2026, with approximately 6 million US dollars siphoned off. Security firm Blockaid detected that the vulnerability bypassed existing protection measures. In June, crypto platforms lost 75.87 million US dollars in 40 hacking attacks, and the vulnerability of Humanity Protocol was the largest single

07-24انڈسٹری

BitMEX hit with 623 BTC lawsuit on day it announces shutdown

BitMEX is facing a class action lawsuit accusing the crypto derivatives platform of fraudulently engineering customer liquidations to seize traders Bitcoin collateral.　　On Thursday, BKX Services Inc. and David Namdar filed the complaint in the US District Court for the Southern District of New York. The plaintiffs allege they lost a combined 622.66 BTC through forced liquidations on BitMEX, with BKX claiming losses of at least 305.81 BTC and Namdar alleging losses exceeding 316.85 BTC.　　The lawsuit revives long-running allegations about the platforms internal trading operations and liquidation engine and comes just as the exchange is preparing to close in September.　　“BitMEX deliberately developed a system that profited from the liquidations,” the plaintiffs alleged. The complaint claimed that an internal trading desk had access to private customer information and could continue trading during server freezes that prevented ordinary users from accessing or closing their positions.　　Cointelegraph reached out to BitMEX for comment but did not receive a response before publication.　　BitMEX users seek Bitcoin return under fraud claims　　According to the filing, BitMEX allowed customers to use leverage of up to 100 times their collateral, then automatically liquidated positions while collateral was still allegedly worth twice the losses incurred.　　The remaining BTC was placed into the platforms

07-24انڈسٹری

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