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A recent data breach at crypto exchange Coinbase has raised concerns about user safety after hackers gained access to sensitive information, including home addresses. Coinbase, the world’s third-largest cryptocurrency exchange, confirmed that less than 1% of its transacting monthly users were affected in an attack that may cost the exchange up to $400 million in …
Continue reading “Coinbase data leak could put users in physical danger: TechCrunch founder”
South Korea’s Democratic Party leader Lee Jae-myung proposed creating a stablecoin tied to the Korean won to prevent capital outflows and strengthen national financial sovereignty. Speaking during a recent policy discussion, Lee argued that a won-based stablecoin would allow South Korea to retain wealth domestically while reducing reliance on foreign-issued digital assets like USDt (USDT) …
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The $330 million attack: A stark reminder of social engineering’s power A major crypto theft has sent shockwaves through the industry, with $330 million worth of Bitcoin (BTC) stolen. Experts say this was a social engineering attack and not a technical hack. Investigations led by blockchain analyst ZachXBT suggest the victim was an elderly US …
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Genesis has launched a pair of lawsuits against its parent company, Digital Currency Group (DCG), and its CEO, Barry Silbert, accusing them of fraud, reckless mismanagement, and siphoning more than a billion dollars in value from the now-bankrupt crypto lender. On May 19, the Delaware Court of Chancery unsealed a complaint detailing how DCG allegedly …
Continue reading “Genesis files dual lawsuits to claw back $3.3B from DCG, Barry Silbert”
Key points: Bitcoin is not in line to cancel its attack on all-time highs, says the Bitcoin Fundamental Index (BFI). BTC price strength remains “intact,” says Swissblock Technologies, removing the risk of a double top. Historically, a return to within 10% of all-time highs delivers price discovery almost every time. Bitcoin (BTC) does not risk …
Continue reading “Sorry bears — Bitcoin analysis dismisses $107K BTC price double top”
US President Donald Trump has signed a bill criminalizing nonconsensual artificial intelligence-generated deepfake porn, which also requires websites to take down any illicit images within 48 hours. Trump signed the bill into law on May 19, known as the TAKE IT DOWN Act, an acronym for Tools to Address Known Exploitation by Immobilizing Technological Deepfakes …
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Shares in the Indonesian fintech firm DigiAsia Corp nearly doubled after the company said it plans to raise $100 million to seed its first of many Bitcoin buys. The Jakarta-based Nasdaq-listed company said on May 19 that its board of directors approved creating a Bitcoin (BTC) “treasury reserve” and it was “committing up to 50% …
Continue reading “Indonesia’s DigiAsia shares pop 90% on plan to raise $100M to buy Bitcoin”
The US Securities and Exchange Commission’s sole Democratic Commissioner has said the agency is “playing a game of regulatory Jenga” with its approach to the crypto industry and market regulation under the Trump administration. In May 19 remarks at the SEC Speaks event, Commissioner Caroline Crenshaw cautioned against what she described as a dangerous dismantling …
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Crypto exchange Binance has asked a US federal judge to send all members of a class-action lawsuit alleging it sold securities to arbitration, arguing that the group waived their ability to form a class action under the company’s terms. The exchange said in a May 16 filing to a New York federal court that its …
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Jamie Dimon, the CEO of JPMorgan, said his bank will soon allow its clients to buy Bitcoin, but it won’t custody the cryptocurrency. “We are going to allow you to buy it,” Dimon said at JPMorgan’s annual investor day on May 19. “We’re not going to custody it. We’re going to put it in statements …
Continue reading “JPMorgan boss says bank users can soon buy Bitcoin”
