Fractal ID, a digital identity verification service provider, disclosed a data breach affecting approximately 0.5% of its user base—according to the company’s website and X profile, this could be over 50,000 users. The compromised API includes sensitive user information such as names, email addresses, wallet addresses, phone numbers, physical addresses, and images of uploaded KYC The post Web3 KYC vendor Fractal ID loses over 50k users’ passport info in data breach appeared first on CryptoSlate.

SEC Commissioner Hester Peirce’s recent comments to Coinage Media have reignited discussions about the potential inclusion of staking and in-kind creation/redemption features in crypto ETFs. Peirce emphasized that these elements, which were excluded from initial ETF offerings, could be revisited in the future. Peirce stated, “I think certainly something like staking or any feature of The post Staking and in-kind redemptions for crypto ETFs can be reconsidered says SEC Commissioner appeared first on CryptoSlate.

In a heated US political climate, financial analyst Michael A. Gayed recently remarked that the rising national debt exceeding $35 trillion is a more significant threat to democracy than political leadership. Gayed emphasizes that the increasing rate of debt outpaces both tax revenues and inflation, creating a precarious fiscal environment. The US federal debt-to-GDP ratio, The post US debt nears $35 trillion, Bitcoin key to surviving ‘catastrophic’ collapse – Voorhees appeared first on CryptoSlate.

Crypto lobbying expenditures have surged dramatically over the past seven years, according to a new study by Social Capital Markets. The research reveals a staggering 1,386% increase in lobbying spend by crypto companies, rising from $2.72 million in 2017 to $40.42 million in 2023. The study highlights a significant acceleration in lobbying efforts, with nearly The post US crypto companies spend $79 million on political lobbying in two years appeared first on CryptoSlate.

The High Court of Justice in London has today, July 16, granted partial injunctions against Craig Wright following the conclusion of the landmark trial brought by the Crypto Open Patent Alliance (COPA) over Wright’s claims to be Satoshi Nakamoto, the pseudonymous creator of Bitcoin. The court granted an anti-suit injunction preventing Dr. Wright from pursuing The post Craig Wright ordered to pin COPA loss on social media amid pending perjury charges appeared first on CryptoSlate.