Category crypto

Settlement concerns prompt Euronext to halt CoinShares’ Zcash ETP ahead of debut

Euronext has abruptly halted the planned debut of CoinShares’ new Zcash Exchange-Traded Product (ETP) just hours before trading was set to begin. The unexpected last-minute suspension was triggered by mounting regulatory concerns surrounding the settlement mechanics of the privacy-focused cryptocurrency. While the crypto community eagerly anticipates mainstream financial products linked to alternative digital assets, traditional exchanges remain intensely cautious about compliance and clearing processes. CoinShares and exchange officials are currently reviewing the regulatory hurdles to determine if and when the Zcash-backed investment vehicle can successfully launch.

Mirae Asset Securities issues tokenized notes on Solana

Mirae Asset Securities, a leading financial institution in South Korea, has successfully issued tokenized notes on the Solana blockchain in collaboration with Polygon. This strategic move highlights the growing adoption of public blockchain infrastructure by traditional financial giants to enhance the efficiency and accessibility of financial products. By leveraging Solana's high-speed and low-cost network, Mirae Asset aims to streamline asset issuance and settlement processes. This milestone signifies a major step forward in bridging traditional finance with decentralized ledger technology.

Bithumb Says Hackers Accessed Internal System, Leaking Personal Data

Major cryptocurrency exchange Bithumb has suffered a significant security breach, confirming that hackers successfully accessed an internal system and leaked sensitive customer personal data. While the exact scope of the compromised information remains under active investigation, the incident has immediately raised alarms regarding the robust security measures protecting digital asset platforms. This latest cyberattack intensifies existing concerns over user privacy and regulatory compliance within the rapidly evolving crypto industry. In response to the breach, company officials are working diligently to contain the fallout, enhance their defenses, and provide guidance to affected users.

Coinbase Customer Data Hit in Analytics Vendor Breach, Funds ‘Not Impacted’

Cryptocurrency exchange Coinbase recently suffered a security breach after an unauthorized party gained access to limited customer data through a third-party analytics vendor. The compromised information includes user names, email addresses, and specific account details, though the company confirmed that customer funds and passwords remain entirely secure and unaffected. Coinbase has already reached out to the impacted individuals to notify them of the incident and urged them to remain vigilant against potential phishing scams. While the exact scale of the breach is still under investigation, the vendor's compromised system was quickly secured following the discovery. This incident highlights the ongoing cybersecurity risks associated with third-party vendors in the digital asset industry.

Bitcoin price eyes $82K as Morgan Stanley strategist says most of correction is over

Bitcoin is edging toward the $82,000 mark as a Morgan Stanley strategist argues that the cryptocurrency’s recent correction is largely behind it. The analyst points to the digital asset’s steady climb from its March trough, noting that the bulk of the downside has already been priced in and that bullish momentum could resume. Market observers cite a combination of easing inflation worries, a more accommodative Federal Reserve stance and renewed institutional interest as catalysts for the rally. While volatility remains a hallmark of crypto, the strategist believes Bitcoin’s next leg could push it back toward its all‑time high, reigniting optimism across the broader digital‑asset market.