News

Crypto financial services company BlockchainCom revealed on Tuesday that clients’ emails were compromised in a data breach on July 20th. Though customers’ funds weren’t affected, they may have been targeted with fraudulent emails from people posing as the exchange.  Beware of Scam Emails, Warns BlockchainCom In an email shared with affected clients, the firm explained that BlockchainCom’s internal systems were not impacted. Rather, the initial data breach occurred against the exchange’s third-party vendor SendGrid. BlockchainCom was notified just a day…

Due to France’s uncertain ad policies, several F1 teams were unable to bear advertisements for crypto products at the French Grand Prix on Sunday. Hazy Regulations Prompt Ad Removals France’s approach to the advertisement industry, especially regarding fiscal products is still unclear. As a result, several crypto brands were left to bear the brunt on Sunday. At the latest Grand Prix, some F1 teams with decals advertising crypto brands were forced to either keep the company brands hidden or removed…

Filipino policy institute, Infrawatch PH has filed a complaint to the SEC regarding Binance’s alleged illegal operations within the region. The latest filing will be the institute's second attempt to push for a Binance investigation this month. “Doing Business Without License” The think tank called for the watchdogs to launch an investigation into the crypto exchange platform. In their 12-page filing, they outlined a series of infractions for which they believe the SEC should hold Binance liable. To start with,…

Bloomberg's subsidiary Modern Media is facing a lawsuit from Binance CEO Changpeng Zhao. Zhao’s suit addresses a defamatory cover title published in late June by the media giant. At the time, the post read “Changpeng Zhao’s Ponzi Scheme”, before it was later changed. CZ Slams Modern Media With Lawsuit The Hong Kong Economic Times initially confirmed the news of the lawsuit on Monday. According to reports, CZ filed his case against Modern Media in the Hong Kong High Court of…

Years after making the news for accidentally discarding a hard drive holding nearly 7500 BTC, James Howells has a plan to recover his cryptocurrency.                How Howells Lost BTC Worth 176M USD An IT engineer, Howells was one of the first people to come in contact with the world’s largest digital currency, Bitcoin. He mined about 7500 tokens in a week, stored them in a hard drive, and promptly forgot about it. However, sometime later in August 2013, Howells came across the…

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1,046 billion. Bitcoin has increased by nearly 7% this week. Ethereum gained almost 20% over the past seven days. XRP is up by nearly 4% this past week. Almost all altcoins are trading in the green, with very few exceptions. The DeFi sector increased the total value protocols (TVL) to $42.95 billion. Crypto Trends…

Per several reports, leading exchange FTX and South Korea’s crypto platform Bithumb could be working on a likely acquisition deal. FTX exchange has notably embarked on an accretion spree this year alone, absorbing more than three major companies. New Purchase Speculations Amidst declining market conditions, several crypto companies are struggling to remain afloat. However, despite the downsides of the bear market, it also presents more stable firms with certain opportunities. Those with sufficient fund reserves get the chance to acquire…

The Republican Party of Texas has unveiled its 2022 platform and resolutions, detailing its principles and future goals. Among them is a plan to enshrine constitutional law allowing Texans to use whatever form of money they choose – including cryptocurrency. As the document states, the GOP will add protections for wealth transfer and storage to the Texas Bill of Rights. It will let Texans choose their medium of exchange, “including digital currency, gold and silver coin, bullion, cash, and scrip.”…

In a recent community meeting, Blockdaemon's Ethereum leader expressed confidence in Ethereum's potential to maintain its top spot among Layer-1 protocols. Freddy Zwanzger, the Blockdaemon officer, asserted that all 'Ethereum Killers' would fail. Ethereum Killers is a colloquial term for green chip protocols like Solana, Cardano, and Polkadot. They didn't succeed in the past, and I don't expect them to,” he added. The Ethereum ecosystem leader of Blockdaemon stated that he does not foresee Ethereum dropping from its top position…