🚨 Data Leak Controversy: Will India Crack Down on Telegram?

News

Telegram risks a ban in India as its use in illicit activities continues to surge. India's biggest health insurer impacted with data leak

The social networking app Telegram faces risk of a ban in India as it was recently used in a major data leak. India’s largest health insurer Star Health and Allied Insurance was compromised as customers’ data surfaced across the app via chatbots. This data leak has garnered additional scrutiny to one of the most renowned social networking services in light of its CEO Pavel Durov’s recent legal tussle in France.

Supreme Court of India's YouTube channel was hacked to promote a Ripple deepfake video and XRP investment scheme.

The Supreme Court of India’s YouTube channel was hacked on Friday. Hackers took over the channel and deleted all previous videos to promote a fraudulent Ripple and XRP investment scheme. While the American crypto payments company warned investors about scams and AI deepfakes, these incidents have continued to mount.

Franklin Templeton has revealed plans to launch a mutual fund on the Solana network, while Citibank is also exploring using the network.

Trillion-dollar asset manager Franklin Templeton has revealed plans to adopt the Solana network for its on-chain mutual fund. Another Wall Street giant, Citibank, is also exploring using Solana to process transfers and other smart contract services. These developments are undoubtedly positive for the Solana ecosystem, which boasts bullish fundamentals following recent announcements.

Markets

Crypto prices today ignite bullishness as BTC price briefly tops $64K & altcoins follow with price gains amid BoJ's unchanged rates at 0.25%.

The crypto prices today have continued generating market optimism, primarily with major coins maintaining an upward movement. Bitcoin (BTC) price briefly touched $64K, whereas Ethereum (ETH) and Solana (SOL) followed, trading in the green. However, XRP price has defied the broader market trend today, illustrating significant fluctuations.

BingX exchange suffered a major hack losing millions in stablecoins like USDT, USDC, and WUSD, later swapped for altcoins like ETH and BNB.

In the latest cryptocurrency hack news, the BingX exchange has lost more than $43 million in a major theft leading to losses of investors’ altcoins, particularly stablecoins. Reportedly, the hacker swapped most of the stolen funds into ETH and BNB after the exchange breach.

Five dormant Satoshi-era wallets have been activated, raising concerns on how this could impact the crypto's rally to $70,000.

Data from crypto monitoring services reveals that five Satoshi-Era wallets, inactive since 2009, have transferred a total of 250 Bitcoin, valued at approximately $15.9 million. Each wallet had originally accumulated 50 BTC as block rewards, a common practice in the early days of Bitcoin when mining difficulty was significantly lower. This Bitcoin news has raised concerns about how this could impact the crypto’s rally to $70,000.