Israel crypto broker Bits of Gold probes customer data breach

Bits of Gold, Israels regulated crypto broker, is investigating a cyber incident that may have exposed customer identity and financial information after unauthorized access to a third-party system used for support and data analysis.  The company notified customers on Aug. 16 and said it had blocked the access, disconnected the affected system from its information sources and informed relevant authorities, Calcalist reported.  The company said its review indicates “there may have been access to certain personal information,” including names, ID numbers, emails, phone numbers, IP addresses, bank account details and public crypto wallet addresses. It said digital assets, account passwords, scanned ID documents, full credit card details and CVV codes were unaffected. Bits of Gold also said “there is no indication” so far that the potentially exposed information has been used.  Bits of Gold links breach to a broader third-party incident  Bits of Gold said the incident formed part of a broader cyber event involving a software company it uses and other businesses worldwide. Calcalist reported that hundreds of companies may have been affected and that Bits of Gold was not believed to have been directly targeted. The software provider has not been publicly identified in the disclosures reviewed.  Reports circulating Sunday put the potentially

08-16انڈسٹری

Crypto wallet SafePal reveals a data breach exposing nearly 40,000 customers' order info

SummarySafePal disclosed a security breach that exposed the names, physical addresses and contact details of 39,798 customers who placed orders between March 2, 2025, and April 11, 2026.The company said no cryptocurrency funds, seed phrases, private keys, bank details or government IDs were compromised, but warned that exposed users face heightened phishing and impersonation risks.SafePal has taken several steps to address the situation.  Crypto hardware wallet provider SafePal has disclosed a security incident that exposed the personal information of thousands of customers.  The exposed data included names, physical addresses, and contact details, putting affected users at risk of phishing and impersonation attempts. However, the breach did not compromise any cryptocurrency funds, passwords, or private wallet keys.  SafePal is a cryptocurrency security company that provides physical hardware wallets and software applications designed to help investors safely store and manage their digital assets.  The latest exploit follows a recent hack of Coldcard hardware wallets, in which the attacker reportedly stole at least $120 million in bitcoin. While the incidents do not necessarily point to a systemic weakness in hardware wallets, they show that no crypto-storage solution is entirely risk-free. They also validate calls to assess concentration risk and, where appropriate, to diversify both crypto holdings and

08-16انڈسٹری

Bitcoin exchange reserves rise – Is BTCs $62K support in danger?

Bitcoin [$BTC] was flowing into exchanges even as the leading cryptos price threatened to fall below $62k. Major platforms such as Binance, Kraken, and Bitstamp have seen sizeable coin inflows.  Source: CryptoQuant  The Binance reserve rose from 662k to 671.6k $BTC, a 1.45% increase in a week. Kraken saw a 3.48% weekly increase in exchange reserves, to 154.5k $BTC. Bitstamp reserves spiked by 41.67%, or 3.5k $BTC, on Friday, the 14th of August, according to crypto analyst BorisD.  There was evidence of whale accumulation, as part of a late bear market. At the same time, rising reserves show increased selling potential. A weak recovery attempt would be smothered by this increased supply and would sustain the selling pressure.  Bitcoin whales reduce long exposure while retail remains long  Source: Alphractal  The Bitcoin Whale vs. Retail Delta tracks the gap between leveraged positions held by large traders, compared to the smaller ones. Negative values mean whale positions are reducing long exposure, while retail remains long.  It fell from -0.17 on the 8th of August to -0.68 at the time of writing, the lowest reading in 61 days, according to Alphractal data.  Smart money opting to stay away from long exposure as Bitcoin faces rejection from the $65k supply zone was

08-16

B3 Labs launches B3IQ to let users earn from idle Nvidia GPU servers

B3 Labs, a startup founded by former Coinbase employees, has introduced B3IQ, an AI infrastructure platform designed to help users monetize idle GPU server capacity. The platform allows individuals and businesses to purchase dedicated Nvidia GPU servers through installment payments, with the hardware hosted and operated in B3 Labs data centers. Once operational, users can earn revenue by making their unused computing resources available to external parties, such as research institutions and AI developers.  How B3IQ works and who benefits  B3IQ targets a growing need for affordable AI computing power. Instead of paying high upfront costs for expensive hardware, users can spread payments over time, lowering the barrier to entry for participating in the AI infrastructure economy. B3 Labs manages the technical aspects, including maintenance and uptime, making it a passive income opportunity for owners.  The platform is already in use by research teams at prominent universities, including Stanford, New York University, and Dartmouth. These teams are leveraging the GPU resources for cancer research and training specialized AI models, demonstrating the platforms real-world impact beyond commercial applications.  Funding and growth trajectory  B3 Labs was founded in 2024 by alumni of Coinbase, a major cryptocurrency exchange, and has raised over $21 million in funding. Notable investors

08-15

Ireland plans industry standards for illicit crypto use

The government of Ireland published a comprehensive anti-money laundering strategy, detailing how the country would address digital assets potentially used for illicit purposes.  In a Thursday notice, Irelands government released its first National Anti-Money Laundering, Countering Financing of Terrorism and Countering Proliferation Financing Strategy. The document included proposed reforms on cryptocurrency-related policies related to strengthening Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFTC) measures.  “The bulk of this has been implemented with these final elements introducing new anti-money laundering obligations for crypto-asset service providers, requiring enhanced checks on transfers involving private crypto wallets and stricter due diligence when dealing with overseas crypto firms,” said the Irish government.  The document, prepared by the country‘s finance department, noted that there was “well advanced” legislation to implement AML/CFT rules under the European Union’s Markets in Crypto Assets (MiCA) framework. It also included addressing industry standards “relating to the acceptance of crypto-related activities” as a source of funds for gambling.  Irelands AML strategy was the latest example of the government attempting to address issues with digital assets potentially being used for money laundering and terrorism financing. In June, the country released its first national risk assessment related to crypto in seven years, saying that it planned

08-15انڈسٹری

Galaxy lowers CLARITY Act odds to 10%

Galaxy Digital has lowered its estimate of the Digital Asset Market Clarity (CLARITY) Acts chances of passing in 2026 to 10%.  It warned that multiple political issues remain unresolved and the Senate will have only about two to three weeks to pass it when it reconvenes on Sept. 14.  Unless an initial motion to proceed vote occurs immediately upon lawmakers‘ return to Washington, there would be enough time for the CLARITY Act to pass the Senate only if it “dominates basically the entire working session,” wrote Galaxy’s head of firmwide research, Alex Thorn, in a Friday X post.  Thorn added that lawmakers would still have to work through multiple issues, including ethics rules for government officials involvement in crypto and pressure from banks over stablecoin yield provisions.  Galaxy lowered its previous estimate from 60% to 50% on June 26, after cutting it from 75% to 60% on June 6. Its 75% estimate was set on May 22.  The CLARITY Act aims to establish the first regulatory framework for digital assets in the US, but it has faced criticism. It cleared the Senate Banking Committee in May, but most Democrats and the banking industry pushed back, arguing that it would allow crypto firms to offer yields

08-15انڈسٹری

African financial company issues first $431 million digital bond

Africa Finance Corporation has raised 350 million Swiss francs or about $431 million, through its first digital bond, becoming the first African institution to issue such debt through a regulated exchange and central securities depository.  AFC digital bond raises $431 million  Ledger Insights reported that Africa Finance Corporation issued the five-year bond through SIX, using its SDX digital platform for clearing and settlement. The transaction represents the first digital bond from an African institution to be processed through both a regulated exchange and a central securities depository.  Priced with a coupon of 1.4925%, the 350 million-franc bond is among the larger digital debt issues completed through the Swiss platform. UBS issued a 375 million-franc digital bond in 2022, according to Ledger Insights.  AFC separately described its offering as the largest Swiss franc-denominated digital bond from an international issuer. The company said it was also its fourth and largest bond issued in Swiss francs, following a 150 million-franc green bond completed in 2020.  Investor demand came mainly from Switzerland, with domestic accounts contributing about 90% of the orders and international investors providing the remaining 10%, according to AFC. Banks and other financial companies accounted for 57% of the order book, while asset managers represented 37% and

08-15انڈسٹری

Binance Gen Z traders lift ETF share to 25%

Gen Z traders on Binance have increased the ETF share of their equity trading volume to 25% in early August as their allocation to individual stocks has declined.  SummaryETFs accounted for 21.9% of Gen Z net equity inflows in July, up from 18.5% in June.Individual stocks received 74.2% of July inflows, compared with 77% one month earlier.Gen Z averaged fewer monthly trades than Millennials and Gen X across the products studied.Binance warned that its short direct-equities data window limits conclusions about lasting behavior.  Binance Research found that exchange-traded funds are taking a larger share of Gen Z equity activity across the exchanges direct-equity, tokenized-stock, and traditional finance perpetual products.  The research compared trading frequency, net capital flows, and leverage use among Gen Z, Millennials, Gen X, and Baby Boomers. While the youngest group increased its ETF allocation, the figures also showed that Gen Z generally traded less often than other working-age generations.  During July, ETFs received 21.9% of Gen Zs net equity inflows, rising from 18.5% in June. Over the same period, the share directed toward individual stocks fell from 77% to 74.2%.  By early August, ETFs represented 25% of the cohorts equity trading volume, adding another data point to the increase recorded in July.

08-15انڈسٹری

Bithumb posts $15.7M Q2 loss as revenue falls 36%

Bithumb has reported a 21.8 billion won, or about $15.7 million, net loss for the second quarter of 2026 as revenue fell 35.8% from a year earlier.  SummaryBithumbs second-quarter revenue fell 35.8% to 86.3 billion won.The exchange swung from a 22 billion won profit to a 21.8 billion won loss.First-half revenue dropped 48.7%, while the net loss reached 108.7 billion won.Lower Korean crypto trading activity has reduced fee income across the domestic market.  According to Yonhap News Agency, Bithumb moved into the red during the three months through June after recording a 22 billion won net profit in the same quarter of 2025.  Bithumbs quarterly loss has narrowed from Q1  Although the companys latest result represented a year-on-year reversal, the second-quarter loss was smaller than the 86.9 billion won deficit reported during the first three months of 2026. The figures show Bithumb remained profitable at the operating level even as asset-related losses pulled its final result below zero.  Quarterly revenue reached 86.3 billion won, compared with about 134.4 billion won a year earlier. Operating profit fell 44% over the same period to 12.1 billion won, down from roughly 21.6 billion won.  Transaction commissions accounted for almost all of Bithumbs operating revenue during the quarter. Local reports

08-15انڈسٹری

Crypto VC will prioritize quantum-ready infrastructure heading into 2027, Moon Pursuit founder says

Moon Pursuit Capital founder Utkarsh Ahuja has said crypto venture investors will prioritize quantum-ready infrastructure heading into 2027 as global VC investment reached $227.4 billion in the second quarter.  KPMGs latest Venture Pulse report found that global venture funding recorded its second-highest quarterly total in Q2, although much of the capital went to large companies working in AI and other advanced technologies.  VC-backed companies raised $227.4 billion across 8,440 deals, down from the record $332.9 billion invested during Q1. OpenAI‘s $122 billion round had lifted the first-quarter total, while Anthropic’s $65 billion financing provided the largest contribution in Q2.  US companies received $144.9 billion across 3,644 deals, accounting for nearly 64% of global investment. Other major US transactions included a $12 billion round for AI modeling company Project Prometheus and a $5 billion raise by defense technology company Anduril Industries.  Within the quantum-computing sector, investment slowed from the record pace recorded in 2025 but remained active, according to KPMG. Netherlands-based QuantWare raised $178 million, Germanys eleQtron secured $66 million, and Quantinuum raised $1.6 billion through a Nasdaq listing that valued the company at $17.6 billion.  Crypto VC could fund quantum preparation before the threat arrives  Ahuja told crypto.news that investors will need to consider quantum risks

08-15انڈسٹری
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