Key facts
- Ripple has received a full Markets in Crypto-Assets (MiCA) license from Luxembourg's financial regulator.
- The license allows Ripple to offer regulated crypto services throughout the European Economic Area.
- Strategy sold 3,588 Bitcoin for $216 million to fund dividend payments.
- Strategy's Bitcoin holdings have decreased to 843,775 BTC following the sale.
- A vulnerability known as 'Ill Bloom' affects thousands of crypto wallets across multiple blockchains.
- The 'Ill Bloom' vulnerability is linked to weak randomness in recovery phrase generation on certain software wallets.
Ripple has successfully obtained a full Markets in Crypto-Assets (MiCA) license, enabling it to offer regulated crypto services across the European Economic Area. The authorization from Luxembourg's financial regulator completes Ripple's licensing process in the region and positions it among a select group of companies with full MiCA approval.
In a separate development, Strategy announced the sale of 3,588 Bitcoin for $216 million. The company stated the sale was to fund preferred stock dividend payments and maintain its cash reserves, which remain at $2.55 billion. This marks Strategy's first reported Bitcoin sale since a tax-loss transaction in 2022.
Meanwhile, blockchain security researchers at Coinspect have disclosed a vulnerability named 'Ill Bloom,' which could put thousands of crypto wallets at risk of theft. The exploit stems from the use of weak randomness in recovery phrase generation on certain software wallets, impacting various blockchains including Bitcoin, Ethereum, Polygon, Rootstock, Tron, and Solana. At least $5 million has reportedly been drained from affected wallets since May 27.