Crypto

Transak hit with data breach affecting 1.14% of its user base

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 […]
The post Transak hit with data breach affecting 1.14% of its user base appeared first on CryptoSlate.
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Cryptocurrency
21 Oct 2024

Coinbase files FOIA requests targeting FDIC over crypto banking restrictions

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 […]
The post Coinbase files FOIA requests targeting FDIC over crypto banking restrictions appeared first on CryptoSlate.
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Cryptocurrency
21 Oct 2024

Northern Data embraces AI boom, mulls ditching Bitcoin mining roots

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 […]
The post Northern Data embraces AI boom, mulls ditching Bitcoin mining roots appeared first on CryptoSlate.
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Cryptocurrency
21 Oct 2024

VanEck enables staking rewards for European Solana ETN investors

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 […]
The post VanEck enables staking rewards for European Solana ETN investors appeared first on CryptoSlate.
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Cryptocurrency
21 Oct 2024

Ledn’s retail loans surge 225% amid rising digital asset demand

Crypto lender Ledn said it processed $506 million in loan transactions during the third quarter, according to an Oct. 21 statement shared with CryptoSlate. According to the firm, $437.7 million in loans were issued to institutional clients, while loans to retail clients climbed 225% year-over-year to $68.9 million. This surge in retail loans is credited […]
The post Ledn’s retail loans surge 225% amid rising digital asset demand appeared first on CryptoSlate.
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Cryptocurrency
21 Oct 2024

Japanese authorities dismantle Monero-linked scam in landmark investigation

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 […]
The post Japanese authorities dismantle Monero-linked scam in landmark investigation appeared first on CryptoSlate.
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Cryptocurrency
21 Oct 2024

UK FCA defends tough crypto rules to prevent money laundering and maintain market integrity

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 […]
The post UK FCA defends tough crypto rules to prevent money laundering and maintain market integrity appeared first on CryptoSlate.
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Cryptocurrency
21 Oct 2024

Ethereum ETFs face rocky start but retain strong growth potential affirms Bitwise CEO

Bitwise CEO Hunter Horsley has explained why he believes recently launched spot Ethereum exchange-traded funds (ETFs) have seen significantly lower trading volumes and inflows compared to their Bitcoin counterparts. In an Oct. 21 post on X, Horsley acknowledged that Ethereum ETFs have underperformed but pointed out that the funds from his firm, BlackRock and Fidelity, […]
The post Ethereum ETFs face rocky start but retain strong growth potential affirms Bitwise CEO appeared first on CryptoSlate.
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Cryptocurrency
21 Oct 2024

US election hopes spark three-month high inflow of over $2 billion in crypto investments

Global digital asset investment products saw their inflows hit a three-month high of $2.2 billion last week — the largest weekly inflow since July— amid optimism surrounding the upcoming US elections, according to CoinShares’ latest weekly report. James Butterfill, Head of Research at CoinShares, attributed the surge to expectations from betting markets that the Republican […]
The post US election hopes spark three-month high inflow of over $2 billion in crypto investments appeared first on CryptoSlate.
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Cryptocurrency
21 Oct 2024