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.
Tag: Business
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.
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.
ASIC Appeals Block Earner Case to High Court: Defining Crypto Financial Products
Australia’s financial regulator, ASIC, seeks High Court appeal in the Block Earner case to clarify the definition of a ‘financial product’ in the context of crypto-linked services.