Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, Ledger’s Ian Rogers says the battle between crypto security advancements and hackers will never end, Pakistan’s Crypto Council proposes mining BTC with excess,
runoff energy, and crypto analysts anticipate continued pressure owing to trading wars until April.
Crypto security will always be a game of ‘cat and mouse’ — Wallet exec
Cryptocurrency wallet providers are getting more sophisticated, but so are bad actors — which means the battle between security and threats is at a deadlock, says a hardware wallet firm executive.
“It will always be a cat and mouse game,” Ledger chief experience officer Ian Rogers told Cointelegraph when describing the constant race between crypto wallet firms adding new security features and hackers finding more advanced ways to access victims’ wallets.
Rogers said, unfortunately, the most straightforward scams work best because scammers rely on people making simple mistakes.
“People give their 24-word phrases to people every day, so as long as that happens, then they are going to go for the low-cost tax,” he said, adding:
“Anyone who asks for your 24 words is a criminal.”
Rogers highlighted a common crypto scam where victims get tricked by replies under “any post on Twitter about crypto,” with messages like “DM me, and I’ll help you.”
“You know that scammers are always asking you for your 24 words,” Rogers said.
Newly commissioned Pakistan Crypto Council proposes mining Bitcoin with excess energy
The newly commissioned Crypto Council of Pakistan proposed mining Bitcoin with runoff energy at the group’s inaugural meeting on March 21 amid other policy proposals to establish a clear framework for digital assets in the country.
According to The Nation, the Bank of Pakistan’s governor, the chairman of Pakistan’s Securities and Exchange Commission (SECP), the federal information technology secretary, and lawmakers were present at the meeting.
Before the inaugural meeting of the group, Bilal bin Saqib, the CEO of Pakistan’s Crypto Council, wrote in a March 20 X post:
“Pakistan is done sitting on the sidelines! We want Pakistan as the leader in blockchain-powered finance. Pakistan is a low-cost high-growth market with 60% of the population under 30. We have a web3 native workforce ready to build.”
This initiative represents a massive departure from the government of Pakistan’s previous stance on cryptocurrencies, which sought bans on digital assets and crypto trading activities in the country.
Crypto markets will be pressured by trade wars until April: analyst
Despite a multitude of positive crypto-specific developments, global tariff fears will continue pressuring the markets until at least April 2, according to Nicolai Sondergaard, research analyst at Nansen.
Risk assets may lack direction until the tariff-related concerns are resolved, which may happen between April 2 and July, presenting a positive market catalyst, added the analyst.
President Trump’s reciprocal tariff rates are set to take effect on April 2, despite earlier comments from Treasury Secretary Scott Bessent that indicated a possible delay in their activation.