2 mins read

Crypto.com Responds To Report On Undisclosed User Data Leak

Crypto exchange Crypto.com has denied that it kept a 2023 data leak of user details a secret from authorities.  Bloomberg reported on Friday that Noah Urban, a member of the hacking group Scattered Spider, said the group had phished their way into gaining access to a Crypto.com employee’s account sometime before early 2023, which exposed […]

2 mins read

Sub-Saharan Africa Third-Fastest in Crypto Adoption: Report

Sub-Saharan Africa is the third-fastest growing region for crypto adoption, according to a new report from blockchain data platform Chainalysis. The report underscores the region’s emphasis on real-world crypto use cases in the face of currency devaluation, lack of traditional finance rails and other challenges. According to the report, Sub-Saharan Africa received $205 billion in […]

2 mins read

Citi Exec Warns Stablecoin Yields Could Drain Bank Deposits: Report

Paying interest on stablecoin deposits could spark a wave of bank outflows similar to the money market fund boom of the 1980s, Citi’s Future of Finance head Ronit Ghose warned in a report published Monday. According to the Financial Times, Ghose compared the potential outflows caused by paying interest on stablecoins to the rise of […]

2 mins read

Europe Mulls Ethereum, Solana For Digital Euro — Report

The European Union is reportedly exploring major public blockchain networks like Ethereum and Solana for its digital euro design. The European Central Bank (ECB) is considering running a digital euro on a public blockchain like Ethereum rather than a private one, the Financial Times reported on Friday, citing people familiar with the matter. Unlike a […]