Welcome to the US Crypto News Morning Briefing—summarizing key news you shouldn't miss about the cryptocurrency industry today.
Sipping coffee while following the news that Tether, the issuer of the USDT stablecoin, is trying to change how we protect our digital lives, with this new approach promising to return control back to you, avoid cloud systems, and make traditional password usage seem increasingly outdated.
Crypto news today: Tether launches a secret weapon against cloud hacking threats.
Tether has fully entered the cybersecurity realm with the launch of PearPass, the world's first peer-to-peer password management app designed to reduce reliance on the cloud. This app:
Store all credentials on the user's device.
Eliminate centralized servers and intermediaries from the entire system.
Grant users complete control over digital security.
This launch comes at a time when login information for billions of users has leaked from a major hack event, putting users at risk of identity theft, financial loss, and various cyber dangers.
Cloud password management apps, while convenient, have become enticing targets for hackers due to centralized data storage.
PearPass addresses these issues by storing data directly on the user's device and enabling peer-to-peer synchronization between devices chosen by the user, while also securely encrypting the data.
Every time a major data leak occurs, it always reinforces the same point: if you keep secrets on the cloud, they aren't really yours... PearPass eliminates the single point of failure. No servers, no intermediaries, no special channels. Recovery and device sync happen peer-to-peer, controlled by the user themselves, which is security that cannot be blocked, seized, or breached because it was never in someone else's hands in the first place. Read the details in Tether's announcement quoting Paolo Ardoino, CEO.
PearPass combines user-friendliness with advanced security features, including a built-in password generator and end-to-end encryption powered by open-source cryptography, and a peer-to-peer architecture that keeps credentials from being exposed to third parties.
Password recovery is entirely controlled by users through their private keys, without relying on external systems.
PearPass sets a new standard for decentralized and open-source security.
Moreover, PearPass is fully open-source and has been audited by the community, allowing security experts and users alike to review, verify, and partake in its development.
This platform has also undergone independent security audits by Secfault Security, a company specializing in offensive security and cryptographic analysis, reinforcing its strength against real-world cyber threats.
This launch reflects Tether's broader strategy of developing technology resilient to centralization pressures. However, while governments, companies, and intermediaries seek greater access to personal data, PearPass offers a blueprint for a system that remains private, independent, and functional even in high-risk scenarios.
However, while the peer-to-peer system avoids the risks associated with the cloud:
This may be inconvenient for users who frequently switch devices.
Data recovery depends on each user managing their own keys, which may pose risks for users lacking technical skills.
Experts may question whether average consumers will accept a decentralized password manager.
Currently, cloud-based password management services that integrate seamlessly with browsers and mobile platforms are gaining popularity in the mainstream market.
Users still need to maintain strict device-level security.
While PearPass helps prevent cloud leaks, it cannot protect against device hacking, malware, or the theft of physical devices.
Encrypted peer-to-peer synchronization shows promise, but peer networks may introduce delays, synchronization errors, or attack vectors without proper security.
Although PearPass relies on open-source auditing and Secfault Security, no system can be completely secure. Critics may point out that this unprecedented peer-to-peer solution may carry hidden risks until it is widely adopted in real-world environments.
Byte-Sized Insights.
Here’s a roundup of the crypto news in the United States to watch today:
Bitcoin trades at 'the price of confidence': why is 81,500 USD significant right now.
Solana begins upgrades for quantum resistance as the blockchain industry ramps up security measures.
Hyperliquid's forecast of 200 billion USD from Cantor Fitzgerald has just changed the trading perspective on HYPE.
Six weeks of inflows into the spot ETF have not been able to support XRP's price — network data explains the reasons.
Top 3 price predictions for Bitcoin, gold, silver: Could a rise in precious metals signal tension?
Binance offers a 5 million USD reward for information leading to the identification of fake coin listing agents as scrutiny intensifies.
How the UK might make stablecoins a key part of payments by 2026.
Ethereum price falls below 3,000 USD amid declining confidence from holders.
Overview of the crypto stock market before market open.
Company closing prices as of December 16: pre-market overview Strategy (MSTR) 167.50 USD 167.40 USD (-0.060%) Coinbase (COIN) 252.61 USD 254.00 USD (+0.51%) Galaxy Digital Holdings (GLXY) 24.31 USD 24.51 USD (+0.82%) MARA Holdings (MARA) 10.69 USD 10.75 USD (+0.56%) Riot Platforms (RIOT) 13.47 USD 13.65 USD (+1.34%) Core Scientific (CORZ) 14.73 USD 15.11 USD (+2.58%)
Competition in the crypto stock market at the market open: Google Finance
