1. The Robinhood data breach involved some 7 million customers.
Robinhood online brokerage announced on monday that a data breach on November 3 involved the exposure of personal information for approximately 7 million customers, CNBC reported.
For 5 million of them, the email address was accessed. Another 2 million had their full names revealed. For about 310 users, name, date of birth and zip code were exposed. About 10 clients disclosed more extensive account details.
Robinhood said it is alerting those affected, noting that according to its investigation, no social security numbers, bank accounts or debit cards were exposed.
2. Ripple will launch a cryptographic service for financial companies
On Tuesday, Ripple announced that it is set to launch a product called Liquidity Hub, which will allow financial services companies to offer their clients access to cryptocurrencies, CNBC reported.
The San Francisco-based fintech start-up will offer trading in cryptocurrencies such as bitcoin, Ethereum, litecoin, ethereum classic, bitcoin cash, and XRP. The Liquidity Hub feature will launch in 2022.
Ripple is in a legal battle with the US Securities and Exchange Commission (SEC) over XRP, a cryptocurrency with which it is closely associated. The SEC is suing Ripple and its executives for allegedly raising funds through an offering of unregistered securities. Ripple is fighting the suit.
3. Tim Cook says he owns cryptocurrencies
Also on Tuesday Tim cook He said personally owns cryptocurrencies.
After Cook was asked if he owned bitcoin or Ethereum, the Apple The CEO replied, "Yes, I do."
"I think it's reasonable to own it as part of a diversified portfolio," Cook told Andrew Ross Sorkin at the New York Times DealBook conference. "By the way, I am not giving investment advice to anyone."
Cook added that he had been interested in cryptocurrencies "for a while," but clarified that his views are personal and that Apple does not accept cryptocurrencies as payment or purchase cryptocurrencies itself.
4. Coinbase Shares Fall After Third Quarter Revenue Loss
Coinbase lost analyst revenue estimates on Tuesday after reporting its third-quarter earnings. Following, the action sank more than 13% in extended trade.
The cryptocurrency exchange also said its monthly transaction users fell to 7.4 million from 8.8 million in the second quarter. Additionally, trading volume fell from $ 462 billion to $ 327 billion in the prior quarter.
5. Activation of a major bitcoin update
Principal root, a long awaited upgrade to bitcoin, went into effect Sunday in the 709,632 block.
This is bitcoin's first major update since 2017 and it will affect the blockchain in a number of ways.
Taproot will introduce what are called Schnorr signatures, which will help make bitcoin transactions more private, efficient and less expensive. Most importantly, the update will allow bitcoin to run better. smart contracts on the blockchain.
Read more about Taproot here.
