Two large banks, Western Alliance and Peoples Bank, recently experienced data breaches affecting thousands of customers, primarily in Texas. The breaches exposed sensitive personal information, highlighting the ongoing risk of cyberattacks on financial institutions. Western Alliance Bank Breach Phoenix-based Western Alliance Bank, boasting nearly $83 billion in assets, reported a data breach impacting at least…
P2P.org and Ledger have teamed up to make Ethereum staking easier and more secure than ever. Now, Ledger Live users worldwide can stake their ETH directly within the app, earning rewards without needing to move their assets or use wrapped tokens. Institutional-Grade Staking, Now for Everyone This partnership brings institutional-quality ETH staking to Ledger Live…
Cooking.City, a new Solana launchpad backed by investors like Jump and CMT Digital, has officially launched. It’s designed to be different from other launchpads, focusing on community and fair value distribution. Rewarding Users: The Cooking Points System Cooking.City isn’t just about launching tokens; it’s about rewarding its users. They’ve introduced a points system, Cooking Points,…
Standard Chartered Bank’s Singapore branch is facing a massive $2.7 billion lawsuit. Liquidators allege the bank helped facilitate a massive fraud scheme linked to the 1MDB scandal. The Allegations The lawsuit, filed by liquidators from Kroll, claims Standard Chartered knowingly ignored red flags and processed over 100 internal transfers between 2009 and 2013. These transfers,…
The SEC (Securities and Exchange Commission) hit the brakes on Grayscale’s plan to launch a new cryptocurrency ETF (exchange-traded fund). This fund, called GDLC (Digital Large Cap Fund), was all set to go, but the SEC put a hold on it just hours before the launch. What’s in GDLC? GDLC is a big deal because…
Bitcoin’s recent price surge above $109,000 has revealed some interesting behind-the-scenes activity. Big Bitcoin investors, known as whales, are showing a strange mix of profit-taking and losses, suggesting some major market shifts are underway. A Mixed Bag for Bitcoin Whales A market expert, Kripto Mevsimi, noticed something unusual in late June: whales were simultaneously locking…
Cryptocurrency users are facing a new wave of cyberattacks. Security firms like SlowMist and Sentinel Labs have uncovered two major threats: malicious browser extensions and sophisticated Mac malware. Fake Browser Extensions: A Sneaky Threat Over 40 fake Firefox extensions are impersonating popular crypto wallets like MetaMask and Coinbase Wallet. These fake extensions look incredibly realistic,…
Best Wallet, a top self-custodial crypto wallet, just received a huge boost: it’s now officially WalletConnect certified! This means it’s officially recognized for its smooth dApp integration, user-friendly design, and super-reliable infrastructure. Joining the Big Leagues This certification puts Best Wallet in the company of some of the biggest names in crypto, like MetaMask, Trust…
DeFi (decentralized finance) has exploded, and staking—the process of locking up crypto to secure a blockchain and earn rewards—has evolved dramatically. It’s gone from simple interest to complex, high-yield strategies. The Problem with Traditional Staking Traditional staking has a major drawback: you lock up your tokens, losing the ability to trade or use them elsewhere….
JPMorgan Chase is forecasting a significant price drop for Circle (CRCL), the stablecoin company. Analyst Kenneth Worthington predicts the stock will fall by a double-digit percentage. A Price Target of $80 Worthington set a price target of $80 for CRCL. That’s a whopping 56% lower than the current price. He’s worried about increased competition in…
