Trezor and Ledger Deny Shopify Database Hack Claims + More News

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Tim Alper

Author

Tim Alper

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Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

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June 26, 2023 06:53 EDT

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Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

Security news

• Crypto wallet providers Trezor and Ledger have denied claims that their databases have been compromised via a Shopify exploit that a Twitter user claims was carried out by the same person who recently carried out an Ethereum forum hack. Trezor took to Twitter to deny that it makes use of Shopify.

And Ledger stated that there was “no proof that this claim is legitimate.”

The alleged hacker claims to have access to databases with the names, addresses, telephone numbers and email addresses of hundreds of thousands of users.

Crypto adoption news

• Women’s football star Christie Pearce Rampone has taken to Twitter to announce she has made her first bitcoin (BTC) investment. Pearce stated that a talk with the CEO of Binance US, Catherine Coley, helped her decide to take the plunge, writing, “I’m ready! I’m in!” Pearce, a center back, lifted the Women’s World Cup with the American national team twice, captaining her country. She has also picked up three Olympic gold medals over the course of her career.
• Goldman Sachs is set to host a bitcoin-themed conference call on May 27. Per a Twitter user who posted a screenshot of an invitation, the call will be entitled “The US Economic Outlook and Implications of Current Policies for Inflation, Gold and Bitcoin.” The session will be led by Sharmin Mossavar-Rahmani, CIO of the company’s Investment Strategy Group. Harvard University professor and prominent economist Jason Furman will also be speaking at the event.
• Swiss decentralized finance platform Eidoo says it will unveil a “new crypto debit card” that will be “powered by Visa’s global payments network,” per a press release shared with Cryptonews.com. The new product will be called the Eidoo Card, says the company, and will be linked to users’ non-custodial crypto wallets. The operator says that the card’s reward system will include “up to 10% crypto cashback.”

Security tokens news

• The Japanese Securities Token Association (JSTA) has announced that it will create a number of subcommittees, per a press release. The JSTA says its subcommittees will deal with real estate-related matters, as well as secondary markets and securities token knowledge-sharing initiatives. The JSTA also stated that it has sealed deals with America’s Securitize and Luxembourg’s Tokeny Solutions in a bid to expand its international reach.

Blockchain news

• The Chinese communist party may include extensive plans to foster the blockchain sector in its next five-year plan, per JRJ. The news outlet quotes Zhang Yunyong, a member of the policy-forming National Committee of the Chinese People’s Political Consultative Conference and president of China Unicom, as stating that blockchain technology is still in its infancy and there is “more room for development in applications.” Zhang added that blockchain technology could help China digitize quickly, and could function as a powerful growth engine for the Chinese economy. The 14th Five-Year Plan will cover 2021 to 25, and details will be released this year.
• South Korea’s Daejeon University has established a new Fintech Department, as well as an AI Convergence Department, reports media outlet Daejeon Journal. The university is one of the largest in Daejeon, one of South Korea’s most populous cities, and will offer a number of blockchain technology-related courses, as well as Big Data-related modules.

Exchanges news

• Binance CEO Changpeng Zhao has spoken out about his platform’s reaction to the recent Steem (STEEM) hard fork fiasco that has left some balances on the network with balances of zero. Zhao hit out at Steem, adding that he was “very much against zeroing other people’s assets on the blockchain.” However, the CEO added that failure to support the fork would prevent Binance users was not an option, as it would prevent customers from withdrawing their STEEM tokens.
• Exchange Huobi has spoken about fostering blockchain business and launching smart government-related initiatives in Mainland China. In an interview with IT Time, Huobi CEO Leon Li, who founded the company in China in 2013, spoke about how blockchain could help China digitize platforms for intellectual property rights, patents and loans. Crypto exchanges are banned from operating in Mainland China, but a number of Chinese-owned exchanges have cautiously begun returning to the mainland with blockchain-related business models.