Daily Fintech Rundown 929/12) – Featuring Coinbase, Worldline and Bank of China Coinbase’s CEO just confirmed the first arrest in India tied to an insider data breach. Hyderabad Police arrested a former Coinbase customer service agent tied to the insider breach disclosed last May, CEO Brian Armstrong announced. Hackers had bribed offshore support staff to steal data from over 69,000 users; Coinbase has reported $307 million in breach costs. The arrest is the first linked to the breach and follows Coinbase’s $20 million bounty program. Worldline’s CEO says the company has no plans for mergers or acquisitions in the medium term. Instead, the focus is on fixing operations and stabilizing the business after a rough period. This decision comes amidst speculation about potential combinations with competitors, particularly the Italian rival Nexi. China to let banks pay interest on digital yuan to drive adoption. China’s central bank will allow commercial banks to pay interests on clients’ digital yuan holdings in a new framework set to take effect on Jan. 1, 2026. With the new policy in place, the e-CNY will transition from functioning as digital cash to operating as “digital deposit currency,” said a central bank official. #stablecoins #fintech #banking
@samboboev Daily Fintech Rundown 929/12) – Featuring Coinbase, Worldline and Bank of China Coinbase’s CEO just confirmed the first arrest in India tied to an insider data breach. Hyderabad Police arrested a former Coinbase customer service agent tied to the insider breach disclosed last May, CEO Brian Armstrong announced. Hackers had bribed offshore support staff to steal data from over 69,000 users; Coinbase has reported $307 million in breach costs. The arrest is the first linked to the breach and follows Coinbase’s $20 million bounty program. Worldline’s CEO says the company has no plans for mergers or acquisitions in the medium term. Instead, the focus is on fixing operations and stabilizing the business after a rough period. This decision comes amidst speculation about potential combinations with competitors, particularly the Italian rival Nexi. China to let banks pay interest on digital yuan to drive adoption. China’s central bank will allow commercial banks to pay interests on clients’ digital yuan holdings in a new framework set to take effect on Jan. 1, 2026. With the new policy in place, the e-CNY will transition from functioning as digital cash to operating as “digital deposit currency,” said a central bank official. #stablecoins #fintech #banking
