Coinbase stored 3,420 passwords in plain text

Welcome to Moonday Mornings, Hard Fork’s wrap-up of cryptocurrency and blockchain news from the past few days.

Let’s not waste anymore time, check it out.

1. Around 3,420 Coinbase customers have allegedly been affected by a bug on the exchange’s sign up page, which resulted in user passwords being stored in plain text on “internal server web logs.” The cryptocurrency exchange began emailing the affected customers to make them aware of the situation, it said in a blog post late last week.

2. A delegation from the US House of Representatives is due to meet with authorities in Switzerland this week to discuss digital currencies, in particular Facebook’s Libra. Tensions are likely to be high as democrat Maxine Waters, the banking committee president, is leading the delegation. Waters has so far been highly critical of the Libra project and its relationship with Switzerland, citing money laundering concerns, local…