Transak, a company providing fiat-to-crypto services, has reported a significant data breach affecting more than 92,000 users. In an Oct. 21 update, the firm revealed that the breach stemmed from a phishing attack targeting an employee’s laptop, leading to unauthorized access to sensitive user information. According to Transak, the attackers exploited the employee’s credentials to […]
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Coinbase filed two new Freedom of Information Act (FOIA) requests on Oct. 18, seeking regulatory clarity for crypto in the US. The new requests are directed at the Federal Deposit Insurance Corporation (FDIC) and were filed by History Associates Incorporated on behalf of the exchange. Coinbase chief legal officer Paul Grewal said one of the requests […]
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Europe’s largest Bitcoin miner, Northern Data, is exploring the potential divestment of its mining division, Peak Mining, as part of a strategic shift to focus entirely on its rapidly growing AI Solutions business, according to an Oct. 21 press release. The potential sale marks a significant move away from the company’s mining roots as it […]
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VanEck has launched staking for its Solana exchange-traded note (ETN) VSOL in the European market. Matthew Sigel, head of digital asset research at VanEck, confirmed the rollout on Oct. 21. He noted that the new staking option allows investors to earn rewards, which will be reflected in the daily net asset value (NAV) of the […]
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Japan’s National Police Agency announced that an investigation into Monero (XMR) transactions led to the arrest of 18 individuals involved in a scam, including the suspected ringleader, Yuta Kobayashi. On Oct. 21, local media outlet Nikkei reported that the arrests followed the agency’s analysis of approximately 900 fraudulent Monero transactions, which reportedly caused over 100 […]
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UK’s Financial Conduct Authority (FCA) has defended its tough regulatory environment for crypto businesses in an Oct. 21 blog post by Val Smith, the regulator’s head of payments and digital assets. In the post, Smith noted that industry experts have claimed that the UK’s “approach could stunt innovation” and it could also impact the country’s […]
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