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Blockchain identity platform Fractal ID suffers data breach

Fractal ID gave notice that an attacker had gained access to an operator’s account, leading to the leak of a small percentage of users’ personal data.

Blockchain identity platform Fractal ID suffered a data breach on July 14, according to a notice published on Fractal’s website on July 17. Partners of the platform include the payment system Gnosis Pay, decentralized finance app Acala, the proof of personhood project Polygon ID, the social media platform Lukso, and other Web3 applications. 

In its statement, Fractal did not identify which partners were affected by the breach, if any. Some users on X reported receiving emails from the Gnosis Pay team alerting of the breach and warning them to “be cautious of unsolicited communications.”

Fractal stated that the breach only affected “approximately 0.5% of the Fractal ID user base.”

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Price analysis 7/17: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB

Price analysis 7/17: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB

Strong inflows into spot Bitcoin ETFs suggest that the sentiment has turned positive, and traders are buying aggressively.

Bitcoin (BTC) has been conquering overhead resistance levels one by one, signaling that the bulls are gaining confidence. Farside Investors data shows $422 million in inflows into the United States-based spot Bitcoin exchange-traded funds (ETFs) on July 16. 

BlackRock’s iShares Bitcoin Trust (IBIT) once again crossed $20 billion in assets under management after its latest purchase of 4,004 Bitcoin. The fund had earlier surpassed $20 billion in AUM in late May. Looking at the massive inflows, ETF Store president Nate Geraci said in a post on X that it is not only the retail investors; even advisers and institutional investors have been buying.

Bitcoin’s recent rise has improved sentiment, and analysts are speculating how soon a new all-time high could be achieved. While anything is possible in the markets, the current up move is expected to face solid selling between $70,000 and the all-time high near $74,000. Expect markets to remain volatile in the near term as some of the creditors of the defunct Mt. Gox exchange sell their repayments.

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Blockchain identity platform Fractal ID suffers data breach

Judge reduces Ethereum dev’s prison sentence by 7 months

Virgil Griffith could be eligible for release as early as January 2025 after pleading guilty to violating US sanctions on North Korea.

A federal judge has granted a motion to reduce the sentence for former Ethereum developer Virgil Griffith, who pleaded guilty to violating sanctions on North Korea.

In a July 16 filing in the United States District Court for the Southern District of New York, Judge Kevin Castel signed off on an order reducing Griffith’s previously imposed sentence of 63 months in prison to 56 months. Judge Castel said the sentence would be effective as of Aug. 2, suggesting he would be eligible for release in January 2025.

Griffith spoke at a cryptocurrency and blockchain conference in the North Korean capital city of Pyongyang in 2019, giving more than one presentation about how the country could use crypto to evade sanctions and for money laundering. He pleaded guilty in 2021 before his criminal trial was expected to begin, and in April 2022, he was sentenced to 63 months in prison and ordered to pay a $100,000 fine.

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Blockchain identity platform Fractal ID suffers data breach

Mark Cuban speculates Bitcoin may become a global reserve asset

The entrepreneur and investor has a net worth of $5.4 billion as of 2024 and is no stranger to the world of digital assets.

Entrepreneur and investor Mark Cuban recently speculated that geopolitical instability and inflationary pressures may propel Bitocin to become a global reserve asset.

According to the billionaire, increased support in Silicon Valley for former President Trump could signify a “Bitcoin play” from the Big Tech sector. Cuban explained that the United States’ geopolitical role has come under question and inflationary pressures may worsen with the introduction of future tax cuts already promised by the former president.

Taken together, these developments act as the perfect catalysts to drive the price of Bitcoin (BTC) higher, Cuban said, before clarifying that he wasn't saying these things will happen, but they are not out of the realm of possibility.

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Blockchain identity platform Fractal ID suffers data breach

Crypto Trader Says Top-100 Altcoin Primed to Nosedive, Updates Outlook on Bitcoin and Pepe

Crypto Trader Says Top-100 Altcoin Primed to Nosedive, Updates Outlook on Bitcoin and Pepe

A widely followed crypto trader and analyst is warning that one top-100 altcoin could suddenly collapse and lose all of its value. In a new strategy session, pseudonymous crypto analyst Altcoin Sherpa tells his 217,900 followers on the social media platform X that Sam Altman’s “proof-of-person” project Worldcoin (WLD) is at risk of sinking to […]

The post Crypto Trader Says Top-100 Altcoin Primed to Nosedive, Updates Outlook on Bitcoin and Pepe appeared first on The Daily Hodl.

Blockchain identity platform Fractal ID suffers data breach

UXLINK Announces Listing on Eight Major Exchanges on July 18

UXLINK Announces Listing on Eight Major Exchanges on July 18

UXLINK, the world’s largest Web 3.0 social platform and infrastructure, is thrilled to announce its upcoming listing on eight prominent cryptocurrency exchanges – OKX, Bybit, Gate.io, Bitget, KuCoin, HTX, HashKey and Bitfinex. Trading will begin on July 18, 2024, at 1:00 a.m. PST. We are excited to share that the UXLINK (the UXLINK Governance Token) […]

The post UXLINK Announces Listing on Eight Major Exchanges on July 18 appeared first on The Daily Hodl.

Blockchain identity platform Fractal ID suffers data breach

Ripple Withdraws Investments in Bitstamp, MoneyGram and Tranglo, According to Crunchbase

Ripple Withdraws Investments in Bitstamp, MoneyGram and Tranglo, According to Crunchbase

Ripple has exited its positions in the crypto exchange Bitstamp, the money transfer firm MoneyGram and the cross-border payments company Tranglo, according to data from Crunchbase.

The post Ripple Withdraws Investments in Bitstamp, MoneyGram and Tranglo, According to Crunchbase appeared first on The Daily Hodl.

Blockchain identity platform Fractal ID suffers data breach

Worldcoin Jumps by Over 25% in Hours As Lock-Up Period for WLD Investors Extended

Worldcoin Jumps by Over 25% in Hours As Lock-Up Period for WLD Investors Extended

Artificial intelligence (AI)-based privacy project Worldcoin (WLD) is seeing a huge jump in price after the lock-up period for investors extends. In a new blog post, the developers behind the altcoin say that early investors and team members will have to wait two years longer to have their locked tokens allocated to them. “Starting July […]

The post Worldcoin Jumps by Over 25% in Hours As Lock-Up Period for WLD Investors Extended appeared first on The Daily Hodl.

Blockchain identity platform Fractal ID suffers data breach