Breach at Indian exchange BuyUCoin allegedly exposes 325K users’ personal data

Users of Indian crypto exchange BuyUCoin have reportedly been affected by a breach compromising personal data of more than 325,000 people. According to a report from Indian news outlet Inc42, a hacking group by the name of ShinyHunters leaked a database containing the names, phone numbers, email addresses, tax identification numbers and bank account details of more than 325,000 BuyUCoin users. However, a later report from Bleeping Computer shows the leaked data may only contain information from 161,487 BuyUCoin members. Cybersecurity researcher Rajshekhar Rajaharia posted screenshots of the leaked data…

Voyager Token (VGX) gains 926% as mergers and acquisitions bring new users

Voyager Token (VGX), also known as BQX at some exchanges, is the native token of Voyager cryptocurrency exchange.  The exchange separates itself from its competitors by claiming to be a commission-free crypto broker platform and its smart order router also allows clients to trade at multiple exchanges. Since the turn of the year, VGX has gained 620% and on Jan. 15 the token reached a new all-time high at $1.48. Voyager (BQX) token price at Binance. Source: TradingView In addition to having a fiat gateway, the platform also offers market…

Power DeFi users can now claim Stake DAO tokens

Active decentralized finance (DeFi) users woke up yesterday to yet another “airdrop” of governance tokens, this time courtesy of self-described “multi-service platform” Stake DAO — but, due to the unique distribution method and some bugs in the rollout, eligible users might want to claim their tokens sooner rather than later.  In an introductory post to the project, Stake DAO laid out the parameters for the SDT token distribution, which set aside an initial 1.5% of tokens for “active members” of a long list of popular DeFi projects. Among those members,…

Trezor crypto wallet warns users of doppelgänger scam app on Google Play

Trezor, a major hardware cryptocurrency wallet supplier, has warned its users about a fake Trezor application on Google Play. According to Trezor, the fake app is malicious and has no relation to Trezor or SatoshiLabs, a company that created the Trezor wallet. Announcing the news on Jan. 18, Trezor asked its clients to not install the malicious application, reminding users that they should never share their seed phrase with anyone. Warning to all Trezor owners using Android devices! This app is malicious and has no relation to Trezor or SatoshiLabs.…

SBF leads $50M funding round to bring DeFi to Maps.me’s 140M users

Leading offline mapping application Maps.me has conducted a $50 million seed funding round to embed decentralized finance tools onto its platform. The funding round for “Maps.me 2.0” was led by Sam Bankman-Fried of Alameda Research and also featured participation from crypto venture heavyweights CMS Holdings and Genesis Capital. Maps.me 2.0 will be a wide-ranging application, featuring travel guides, hotel bookings and mapping services, in addition to exchange features and a multicurrency crypto-asset wallet offering annual yields of up to 8%. Alex Grebnev, the co-founder of Maps.me 2.0, told Cointelegraph that…

Africa to bring 100 million users to DeFi in three years from now, says founder of Cardano

Charles Hoskinson predicts that the Decentralized Finance sector will acquire 100 million users within the next three years by tapping into the developing world’s market potential. “Who’s actually going to do peer-to-peer loans? Who’s actually going to do peer-to-peer insurance? Who’s actually gonna do peer-to-peer payments? I got news for you, not a guy living in New York”, pointed out Hoskinson in an exclusive interview with Cointelegraph.  Cardano, the decentralized cryptocurrency network founded by Hoskinson, intends to take the lead in the DeFi space by developing partnerships in the African…

Coinbase users can now report their crypto taxes using CoinTracker

With just three months until the deadline for United States citizens to declare their crypto gains and losses to the Internal Revenue Service, Coinbase is partnering with portfolio tracking and tax calculating platform CoinTracker to make the process simpler. According to CoinTracker, it’s an easy way for Coinbase users to report their crypto transactions and sales. Targeted at U.S. users, CoinTracker will calculate and fill out the specific forms — for example, Form 8949 and Schedule D — to declare capital gains, losses and assets on income tax returns. It…

EToro warns users it’s running out of crypto to trade due to ‘unprecedented demand’

Israel-based exchange platform eToro is struggling to keep up with the demand from crypto traders according to an email sent to users earlier today. “The unprecedented demand for crypto, coupled with limited liquidity, presents challenges to our ability to support BUY orders over the weekend.” As a result, the platform is warning of “possible limitations to crypto BUY orders” and that “spreads on crypto assets may also be much wider than usual.” @MatiGreenspan I know you have a mega position on $BTC on eToro, A sat for your thoughts. pic.twitter.com/Xt12bAJGxJ…

25% of crypto users not securing assets as well as they think

Cryptocurrency hardware wallet manufacturer Ngrave released the initial results of its ongoing crypto security survey on Jan. 13. The results give a number of insights into the current state of security in the digital asset space and show that a full quarter of users perceive their current security measures to be more effective than they actually are. The survey has so far been completed by over 1,400 crypto users from 78 countries around the world. Despite efforts to push for inclusion in the space, 90% of respondents were male and…

Nexus Mutual Now Protects Coinbase, Binance Users

Key Takeaways Nexus Mutual is now offering cover for users of centralized exchanges. Users will be able to make a claim if they suffer from loss of funds or halted withdrawals. The protocol is operating as normal despite founder Hugh Karp’s recent $8 million loss in a hack. The DeFi news category was brought to you by Ampleforth, our preferred DeFi partner Share this article Nexus Mutual is now offering centralized exchange cover. The protocol will compensate users who lose 10% of their funds or experience prolonged withdrawal halts.   Nexus…