Coinbase faces a series of lawsuits over customer data breaches, and it's affecting their stock prices, falling by 3%. The breach, linked to a data leak in India, has affected at least 69,000 customers. The company is now offering a $20 million bounty following the criminal theft of personal data. In light of these incidents, some call for the scrapping of KYC entirely. Despite these setbacks, Coinbase hasn't slowed down. It has recently partnered with Perplexity AI to provide real-time cryptocurrency market data to traders. Elsewhere in the cryptocurrency market, Bitcoin remains volatile with prices dipping below $98K, only to rebound to $100,000 due to inflation data.Meanwhile, governments are beginning to appreciate the benefits of blockchain technology. The U.S. government has begun a 'proof of concept' initiative to push economic data onto blockchains. Also, developers learn how to fetch and streamline crypto data using Python and GraphQL respectively.
Hyperscale Data, a subsidiary of BitNile.com, is making significant moves in the crypto space. It recently launched Solana Blockchain's Nile Coin and is now accepting this along with $TRUMP, a meme coin, for in-game purchases. Hyperscale Data also intends to use Nile Coin as a payment option in its social casino. Several companies are banking on the value of data in the digital currency market. Talos, a crypto trading technology firm, has acquired Coin Metrics, a data analytics company. Also, Chainlink has partnered with NYSE-affiliated ICE to on-chain Forex and Precious Metals data.
DATA Coin News Analytics from Sun, 08 Dec 2024 04:33:35 GMT to Wed, 08 Oct 2025 15:51:05 GMT -
Rating -4
- Innovation 6
- Information 8
- Rumor 3
