Coinbase data breach could actually ‘lead to people dying’
TechCrunch’s founder, Michael Arrington, said Coinbase’s recent data breach “will lead to people dying.” According to him, executives who don’t “adequately protect” customer information should go to jail.
The venture capitalist said, “Something that has to be said though – this hack – which includes home addresses and account balances – will lead to people dying. It probably has already.”
As Cryptopolitan reported , Coinbase confirmed a data breach that exposed the personal information of some customers. These customers included well-known people in the tech field. Cybercriminals bribed customer service reps in other countries to get access to sensitive user data without permission.
The hackers tried to force Coinbase to pay $20 million in Bitcoin over stolen customer data, but the exchange refused. Coinbase revealed this on Thursday. Instead, the company offered a $20 million reward for any information to help catch and convict the attackers.
Michael Arrington said regulators should think again about the importance of “know-your-customer” (KYC). He added, “Very disappointed in Coinbase right now. Using the cheapest option for customer service has its price. And Coinbase’s customers will bear that cost.”
He also said that problems like these will keep happening because of KYC and other laws that make it easy for hackers to get away with their crimes. He added that the government and businesses need to do something to stop this.
However, Balaji Srinivasan, the former chief technology officer of Coinbase, disagreed with Arrington’s view that leaders should be punished. He said regulators are forcing KYC on companies that don’t want to do it.
Digital assets are increasingly linked to real-world heists. It reminds investors why keeping crypto private is essential. Last November, three teens kidnapped a man in Las Vegas after a crypto event he put on and held him hostage at his home with a gun.
He was pushed into a car and taken out into the desert. Attackers got into his crypto wallets and stole $4 million worth of cryptocurrency and non-fungible tokens (NFTs).
This year also has a share of kidnappings. In January, a group of thieves broke into the home of David Balland, co-founder of Ledger, in Vierzon, France. They took Balland and his wife hostage, beat them up, and cut off one of Balland’s fingers to get to his crypto wallet keys.
After the attack, the thieves called another co-founder of Ledger and demanded a ransom. Police arrested 10 suspects.
In addition, a famous streamer and OnlyFans personality named Kaitlyn “Amouranth” Siragusa had her home broken into by three armed men in March. They beat her up and told her to send them her Bitcoin. Luckily for her, she could fire her gun, which made the attackers run away.
As recent as this month, the father of a crypto millionaire was kidnapped in broad daylight on the streets of Paris. French cops were able to free him. It was said that the kidnappers wanted a ransom of €5 million to €7 million. The attackers cut off one of the man’s fingers as a cruel way to get him to obey. Police arrested five suspects.
Because of these and other events, a physical security company in Amsterdam told Bloomberg that it had seen a rise in clients with big amounts of crypto before the Coinbase breach.
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IOTA Rolls Out Advanced Staking Dashboard for Smarter, Safer Rewards
In a bid to simplify and supercharge the staking experience for IOTA users, community member Cigamatoi has unveiled a new web-based utility: the IOTA Staking APY Calculator. Intended for new stakers and veterans alike, the tool aims to address what Cigamatoi calls the “two biggest pain points in staking: finding the best validators with the highest returns and monitoring rewards without losing your mind.”
IOTA’s network runs on a Delegated Proof-of-Stake (DPoS) system. In simple terms, it means that IOTA holders can delegate their tokens to trusted validators who do the heavy lifting instead of everyone participating directly in securing the network. These validators help keep the network running smoothly and, in return, earn rewards which are handed out in regular periods called “epochs.”
Before sharing those rewards, each validator takes a small slice for themselves, say, 10%, and then the remaining 90% is distributed to the stakers. That’s why choosing the right validator is important: you want a validator that’s not only reliable but also doesn’t take too big a bite out of the rewards.
To solve this, the IOTA Staking APY Calculator provides a dashboard designed to streamline validator comparison and reward estimation. Users gain live network stats that offer up-to-the-minute insights into the total stake across the network, the number of active validators, and the average APY, delivering a clear snapshot of the current staking environment.
An epoch countdown with a visual progress bar shows precisely how much time remains in the current epoch, allowing stakers to plan their moves with accuracy. The tool also includes a sortable validator table, enabling users to organize validators by key performance indicators such as APY, commission rate, and total delegated stake.
To obtain tailored results, users are able to input their own stake amount to generate customized reward projections based on each validator’s numbers. Additionally, the multi-currency interface allows users to view estimated rewards in IOTA, USD, EUR, GBP, and more, making the tool accessible and relevant to a global user base.
The second core module of the calculator focuses on ongoing reward monitoring, solving one of the most tedious challenges in staking: tracking earnings over time. This feature is valuable for users relying on hardware wallets or cold storage, where connecting to third-party tools is often inconvenient or insecure.
If you’ve missed tracking your rewards from previous epochs, the tool’s catch-up mode lets you enter the current epoch, and it fills in the gaps for you. On top of that, the net profit calculator factors in each validator’s commission, so you get a clear view of what you’re earning from staking.
Finally, the tool follows the modern IOTA unit convention, where 1 IOTA equals 1 million micros, aligning with current standards and improving clarity for users across the ecosystem. As of the next staking epoch, IOTA network statistics show that there’s a total of 1,715.71 PIOTA staked, which is about 37.22% of all tokens. The total rewards for the epoch are 767 million IOTA, with 46 validators actively helping secure the network.
However, market sentiment around IOTA has been mixed. In the past week, IOTA has dropped 15.90%, with an additional 1.92% dip in the last 24 hours, trading currently at $0.2194. Despite this downturn, technical analysts are pointing to a chart breakout: “IOTA BREAKOUT CONFIRMED! Falling wedge smashed, targets $0.22–$0.24 soon!”
Litecoin Price: $120 Next or Crash to $85?
Litecoin (LTC) price is flashing mixed signals as both bulls and bears battle around key support and resistance levels. After showing strength earlier in May with a rally above $100, LTC now trades at $96.01, caught in a tight range. Let’s break down the daily and hourly charts to understand where L TC price might go next —and whether a breakout or breakdown is imminent.
The daily chart shows a clean uptrend that began in mid-April, where LTC price rallied from below $80 to touch a local high near $104 . On the way up, Litecoin successfully flipped its 50-day moving average (now at $96.60) into support. It even briefly crossed above the 200-day moving average (red line) which currently sits at $100.41.
But there’s a catch. LTC price has failed to hold above the $100 psychological resistance zone for more than a few sessions. The current Heikin Ashi candles are losing momentum, and we’re seeing a narrowing range between $94 and $101. This is a sign of indecision and often precedes a breakout.
The Fibonacci retracement from the April low to May high shows that Litecoin price is hovering around the 38.2% retracement level near $96 , which is acting as support. If LTC holds above this, the next leg up could test $104 again, followed by $112, which corresponds to the 1.618 Fibonacci extension.
Calculation Insight:
This suggests that if momentum returns, a move toward $120–$125 is not out of the question. But that will require strong volume and a clean break above $104.
Zooming into the hourly chart, Litecoin price is currently trading below all major moving averages : 20, 50, 100, and 200 SMAs, which are now acting as a cluster of resistance around $97.50 to $100. This shows that short-term momentum has shifted in favor of sellers.
The recent bounce from $94 to $96.01 has been weak, with low volume and rejection at each resistance level. Moreover, the Heikin Ashi candles indicate indecision and slight bearish bias, marked by long upper wicks and small real bodies.
Unless LTC breaks and sustains above $98.66 (the 100-hour SMA), we could see another dip to test the $92 support level. A loss of $92 would open the gates to $88 and potentially $85.
On the bullish side, the 50-day SMA is currently supporting the price. If this support holds and bulls reclaim $100, LTC price could attempt another breakout above $104, targeting $112 and potentially $120.
On the bearish side, failing to hold $94 may drag Litecoin toward $90 and then $85, especially if Bitcoin remains under pressure this week.
Litecoin price is in a make-or-break zone. If LTC breaks above $100 with volume, it could target $112 and eventually $120 based on Fibonacci extension. However, if it fails to hold $94, then a pullback to $88–$85 becomes likely.
Keep an eye on the daily close relative to the 50-day and 200-day moving averages. They will likely decide whether LTC breaks out or breaks down.
Litecoin (LTC) price is flashing mixed signals as both bulls and bears battle around key support and resistance levels. After showing strength earlier in May with a rally above $100, LTC now trades at $96.01, caught in a tight range. Let’s break down the daily and hourly charts to understand where L TC price might go next —and whether a breakout or breakdown is imminent.
The daily chart shows a clean uptrend that began in mid-April, where LTC price rallied from below $80 to touch a local high near $104 . On the way up, Litecoin successfully flipped its 50-day moving average (now at $96.60) into support. It even briefly crossed above the 200-day moving average (red line) which currently sits at $100.41.
But there’s a catch. LTC price has failed to hold above the $100 psychological resistance zone for more than a few sessions. The current Heikin Ashi candles are losing momentum, and we’re seeing a narrowing range between $94 and $101. This is a sign of indecision and often precedes a breakout.
The Fibonacci retracement from the April low to May high shows that Litecoin price is hovering around the 38.2% retracement level near $96 , which is acting as support. If LTC holds above this, the next leg up could test $104 again, followed by $112, which corresponds to the 1.618 Fibonacci extension.
Calculation Insight:
This suggests that if momentum returns, a move toward $120–$125 is not out of the question. But that will require strong volume and a clean break above $104.
Zooming into the hourly chart, Litecoin price is currently trading below all major moving averages : 20, 50, 100, and 200 SMAs, which are now acting as a cluster of resistance around $97.50 to $100. This shows that short-term momentum has shifted in favor of sellers.
The recent bounce from $94 to $96.01 has been weak, with low volume and rejection at each resistance level. Moreover, the Heikin Ashi candles indicate indecision and slight bearish bias, marked by long upper wicks and small real bodies.
Unless LTC breaks and sustains above $98.66 (the 100-hour SMA), we could see another dip to test the $92 support level. A loss of $92 would open the gates to $88 and potentially $85.
On the bullish side, the 50-day SMA is currently supporting the price. If this support holds and bulls reclaim $100, LTC price could attempt another breakout above $104, targeting $112 and potentially $120.
On the bearish side, failing to hold $94 may drag Litecoin toward $90 and then $85, especially if Bitcoin remains under pressure this week.
Litecoin price is in a make-or-break zone. If LTC breaks above $100 with volume, it could target $112 and eventually $120 based on Fibonacci extension. However, if it fails to hold $94, then a pullback to $88–$85 becomes likely.
Keep an eye on the daily close relative to the 50-day and 200-day moving averages. They will likely decide whether LTC breaks out or breaks down.