Report
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 […]
ETH/BTC Ratio Remains Under 0.05 For Past 14 Months: Report
The Ether-Bitcoin (ETH/BTC) ratio, which measures the price of Ether (ETH) against the price of Bitcoin (BTC), has failed to reclaim 0.05, despite adoption of ETH by institutions and the historic price rally in July and August that took ETH to new all-time highs. ETH/BTC has remained below the 0.05 level since July 2024, and […]
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 […]
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 […]
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 […]