Coinbase Faces $400M Loss After Major Data Breach
Coinbase has disclosed a significant security breach where hackers obtained partial customer data and demanded a $20 million ransom. The company refused to pay and is offering a $20 million reward for information leading to the perpetrators' capture. The breach could cost Coinbase up to $400 million in remediation and reimbursements.
SEC Plans Clear Guidelines for Crypto Tokens
The U.S. Securities and Exchange Commission (SEC) has announced plans to establish clear guidelines for crypto tokens classified as securities. SEC Chair Paul Atkins emphasized that the new framework would enhance innovation while safeguarding investor interests by clarifying the rules on issuance, custody, and trading.
U.S. Establishes Strategic Bitcoin Reserve
President Trump has signed an executive order establishing a Strategic Bitcoin Reserve, positioning Bitcoin as a national reserve asset. The U.S. now holds approximately 200,000 BTC, reinforcing its commitment to becoming a global leader in the crypto space.
