Cabinet Office fined £500,000 for New Year Honours data breach

The Information Commissioner’s Office (ICO) has fined the Cabinet Office £500,000 for disclosing postal addresses of the 2020 New Year Honours recipients online. The ICO found that the Cabinet Office failed to put appropriate technical and organisational measures in place to prevent the unauthorised disclosure of people’s information. This is a breach of data protection law. On 27 December 2019 the Cabinet Office published a file on GOV.UK containing the names and unredacted addresses of more than 1,000 people announced in the New Year Honours list. People from a wide…

Bitcoin Capital AG launches two crypto ETPs on SIX Swiss Exchange

Bitcoin Capital AG released two new exchange-traded products on the SIX Swiss Exchange: the FiCAS Active Bitcoin ETP (BTCB) and FiCAS Active Ethereum ETP (ETHB), which are actively managed by FICAS AG. Institutional investors, professional, and private investors in Switzerland, Liechtenstein, and the European Union (excluding Hungary) can now invest in the new offerings via their bank or broker just as they would with other listed financial assets such as equities or bonds. “Our purpose is to grant investors safe and easy access to digital assets and are convinced that crypto…

FiCAS Subsidiary Bitcoin Capital Lists Actively Managed Bitcoin, Ethereum ETPs in Switzerland

Bitcoin Capital, a subsidiary of Zug, Switzerland-based investment manager FiCAS, has listed actively managed exchange-traded products (ETPs) offering exposure to bitcoin and ether on the SIX Swiss Exchange. Through active management, the products are designed to counter the price volatility inherent in crypto assets, Bitcoin Capital said Thursday. The 1 FiCAS Active Bitcoin ETP and 1 FiCAS Active Ethereum ETP are available to institutional, private and professional investors in Switzerland, Liechtenstein and European Union countries other than Hungary. Investors will be able to access the product through their bank or…

Bitcoin tests traders’ nerves as analyst reissues $400K BTC price forecast

Bitcoin (BTC) was on repeat Dec. 2 as markets watched another attack on $60,000 end in defeat. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Nothing has changed” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD back at $57,000 Thursday, having come full circle in 24 hours. The pair had briefly hit $59,000 into the Wall St. open the day prior, this failing to hold as another round of macro triggers skewed sentiment to the downside once more. Bitcoin thus fell in line with stocks reacting, it seemed, to continued…

Bitmain-Backed BitFuFu Abandons Mining Rigs In Kazakhstan Due to Power Rationing

One user told CoinDesk that their machines have been completely offline for a little over one month, adding that he’d leave the platform if they gave him his money back. Another said disruptions started in mid-October, and that they are worried, but not angry at the service. Users who spoke to CoinDesk refused to be named because their contracts with BitFuFu include anti-defamation clauses. Source

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BadgerDAO reportedly suffers security breach and loses $10M

The BadgerDAO decentralized finance protocol appears to have suffered from a cyber attack leading to the loss of a reported $10 million at the time of writing.  The attack, which was made public at about 2 a.m. UTC on Dec. 2, targeted the protocol on the Ethereum network at contract address 0x1fcdb04d0c5364fbd92c73ca8af9baa72c269107.  FYI, nasty frontend attack on Badger, looks like ~10m taken out of people’s wallets using rug approval. If you’ve interacted with anything badger related in last few weeks, check and revoke asap https://t.co/vJPMmBZ3af — Spreek (@spreekaway) December 2,…

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Blockchain.com Acquires Latin American Crypto Investment Platform Sesocio – Finance Bitcoin News

On November 30, the crypto firm Blockchain.com announced it acquired the Argentina-based investment platform Sesocio. According to the firm, the acquisition will give the company’s global workforce an aggregate headcount of 400 Blockchain.com employees worldwide. Blockchain.com’s Global Headcount Grows to 400 After Acquiring the Crypto Investment Platform Sesocio At the end of March, Blockchain.com raised $300 million and the firm’s post valuation swelled to $5.2 billion. In August, Blockchain.com’s CFO Macrina Kgil discussed how the company has surpassed $1 trillion in cryptocurrency transactions. Kgil further revealed the firm may go…