Cryptocurrency platform Coinbase warns of up to $400m hit from cyber attack

Unlike traditional fiat currencies, which are issued and regulated by central authorities such as governments or central banks, cryptocurrencies operate on decentralized networks. These networks often employ blockchain technology, a public ledger system that records all transactions transparently and immutably. Cryptocurrency coverage and news on major investments, tokens like Bitcoin and Ethereum, as well as blockchain and web3 startups that aim to build a more decentralized, community-owned future. He’s won several national honors in his reporting career, including from his time as a war correspondent in Iraq and as a police reporter for newspapers.

  • Latest crypto news today, analysis, and investment verdicts on Bitcoin, Dogecoin, Ripple, Diem, Ethereum, Monero, Litecoin, Dash, NEM and more cryptocurrencies.
  • Attackers reportedly tried bribing support agents, but Binance and Kraken’s internal systems blocked the attempts.
  • Cryptocurrency coverage and news on major investments, tokens like Bitcoin and Ethereum, as well as blockchain and web3 startups that aim to build a more decentralized, community-owned future.
  • There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
  • Also, he added, “it’s quite possible under this bill that a public company could secure an interest in a non-public company, and that’s another way around it.”
  • Wells Fargo has confirmed a mass outage that has prevented customers from accessing their accounts….

To stay updated with the latest in Bitcoin News, Ethereum News, Ripple News, and all other developments in the digital assets industry, follow crypto.news. The committee would be a multi-agency group created under the legislation to look at such requests. Chief among them were the conflicts that may be presented by President Donald Trump’s own crypto interests and the possibility that big technology firms like Meta and social-media site X may be able to issue such tokens. Cryptocurrencies are digital or virtual currencies that use cryptographic methods to secure transactions and control the creation of new units.

China Dumps $18,900,000,000 in Treasuries as US Government Faces Major Dilemma: Macro Analyst Luke Gromen

Cointelegraph’s latest news on fintech and cryptocurrency is the best source to rely on while deciding on trading strategies and investment options. BTC nears golden cross, as Moody’s downgrade validates bond markets’ concerns about the sustainability of the U.S. fiscal debt. “There’s already a way that large tech firms that aren’t public could become issuers without adhering to these new standards,” he said.

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One of the world’s leading cryptocurrency exchanges has suffered a cyber attack that could cost it $400m (£301m). NewsNow aims to be the world’s most accurate and comprehensive crypto news aggregator, bringing you today’s latest headlines from the best alt coins and crypto news sites. Whether it’s Bitcoin, Dogecoin, Diem, Ethereum or Ripple, Monero, Litecoin, Dash or NEM, we’ve got it covered.

Immediate Attention Required for LocalBitcoins.com Users

The exchange refused to pay a $20m (£15m) ransom to the hackers and is working with law enforcement agencies. Coinbase will reimburse all customers who were tricked into sending funds to the attackers – and estimates costs surrounding the hack will total between $180m (£135m) and $400m. The hackers had paid multiple employees and contractors working in support roles outside the US to collect the information.

Stablecoin issuer Circle takes another stab at a public listing

The move came after the state investment board doubled its exposure to spot bitcoin ETFs late last year as markets fell. Institutional buyers step in after sharp sell-off, establishing strong support at critical levels. Bitcoin behaved differently on Sunday, with CME futures leading the volatile price action. Bitcoin products attracted the most inflows, while ether products saw a recovery linked to the successful Pectra upgrade. “But I remain steadfast in my optimism that we’re going to achieve — the president’s desire is to do it — both stablecoin legislation and market structure legislation before the August recess.”

Security remains a challenge for the industry and in February, Dubai-based Bybit disclosed a hack which saw around $1.5bn (£1.19bn) of digital tokens stolen – widely dubbed the biggest crypto heist of all time. Mining gross margins expanded sequentially this month, which is encouraging, the bank said. The resilient https://fino-traze.org/ cryptocurrency shows remarkable recovery amid broader market volatility, establishing higher lows throughout trading session. The sudden price gyrations wiped out over $460 million in long positions and $220 million in shorts, across futures tracking majors like ether (ETH), solana (SOL), and dogecoin (DOGE).

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