Explore the growing tension between the traditional banking sector and the rise of yield-bearing stablecoins. Learn why banks are concerned and how stablecoins are reshaping the financial landscape.
Category: Blockchain
Coinbase Data Breach: 70,000 Users Affected, Delayed Discovery, and Legal Fallout
A significant Coinbase data breach impacted nearly 70,000 users, going unnoticed for six months. This incident has triggered lawsuits and raised concerns about data security within the cryptocurrency industry. Here’s a breakdown of what happened, the consequences, and the broader implications.
Sam Altman’s World Raises $135M for Global Expansion Amid Regulatory Scrutiny
World, Sam Altman’s digital identity project, secures $135 million in funding from Andreessen Horowitz and Bain Capital Crypto. The investment will fuel global expansion despite ongoing regulatory challenges and privacy concerns.
US Lawmakers Reintroduce Blockchain Regulatory Certainty Act Amid Crypto Debate
Representatives Tom Emmer and Ritchie Torres are championing the Blockchain Regulatory Certainty Act, aiming to clarify regulations for digital asset developers. This bipartisan effort faces challenges amidst concerns over Donald Trump’s crypto ties and the rise of memecoins.
VanEck Launches Avalanche Ecosystem Fund: Investing in Web3’s Future
VanEck is launching a new fund, the VanEck PurposeBuilt Fund, focused on investing in Web3 projects built on the Avalanche blockchain. This fund targets accredited investors and aims to capitalize on the growing real-world asset (RWA) tokenization trend within the Avalanche ecosystem.