Nansen Third-party Vendor Experiences Security Breach
Notable crypto and blockchain analytics firm Nansen announced on social media platform X that one of its third-party vendors experienced a security breach that affected 6.8% of its users. According to Nansen, the intrusion provided hackers administrative access to an account used to “provision customer access” to its platform. Without explicitly identifying the affected company, […]
Core Scientific Partners with Bitmain in $77M Deal
Bitmain, a manufacturer of cryptocurrency mining hardware, and Core Scientific, a defunct cryptocurrency mining company, have committed to a combination of equity and cash to finalize the expansion of mining facilities. Bitmain will provide 27,000 Bitcoin mining machines in exchange for $23 million in cash and $53.9 million in common stock of the insolvent firm, […]
Tether Stablecoin Sees Increase in Secured Loans
Tether, the largest stablecoin issuer in the cryptocurrency market, has seen an increase in its stablecoin lending, or secured loans, in 2023, despite its plans to cut it down to zero by 2024 According to Tether’s most recent quarterly report, its assets included $5.5 billion in loans as of June 30, up from $5.3 billion […]
Anti-CBDC Bill Passes House Financial Services Committee
The CBDC Anti-Surveillance State Act, which aims to prevent “unelected bureaucrats in Washington” from issuing a central bank digital currency (CBDC), has passed the House Financial Services Committee. The bill’s author, Representative Tom Emmer, issued a press release on September 20 stating that the CBDC Anti-Surveillance State Act was passed out of committee and reported […]
Alchemy Pay Receives Money Transmitter License in US
Crypto payment firm Alchemy Pay is expanding its global presence by joining crypto firms like Coinbase and Jack Dorsey’s Block to secure a Money Transmitter License in Arkansas. The license, issued by the Arkansas Securities Department, authorizes Alchemy Pay to operate services, including the sale or issuance of payment instruments, stored value, prepaid access, and […]