Binance allegedly fell victim to security breach recently that saw the miscreant make off with a lot of the firm’s sensitive KYC data… On Aug. 7, Binance, the world’s largest cryptocurrency exchange (by daily trade volume), fell victim to a hacking scandal that saw the miscreant allegedly gain possession of a huge chunk of the […]
Continue Reading
15 countries, including the G7, will reportedly develop a system for tracking crypto transactions to prevent its illicit uses. About 15 global jurisdictions, including the G7 countries, will reportedly develop a system for tracking crypto transactions to prevent illicit uses of cryptocurrencies. The Financial Action Task Force (FATF) is planning to prepare detailed measures by […]
Continue Reading
Bitholic has changed its name to Bithumb Singapore, indicating a shakeup or new partnership with South Korean exchange Bithumb. Singapore-based cryptocurrency exchange Bitholic has changed its name to Bithumb Singapore this month. Bithumb, for its part, is known as a cryptocurrency exchange based in South Korea. Local media News1 Korea shared the announcement in a […]
Continue Reading
Four South Korean crypto exchanges face regulation stricter regulations in renewing their bank accounts following the issuance of new FATF guidelines. Four South Korean cryptocurrency exchanges are reportedly facing stricter regulation as they aim to renew their banking accounts. As local industry media TheBchain reports on July 29, the new requirements come after the Financial […]
Continue Reading
QuickBit crypto exchange announced that some sensitive user data had been exposed due to a data management issue. Database issues at the Swedish digital currency exchange QuickBit resulted in a breach of sensitive user data, according to an official announcement published on July 22. In the announcement, QuickBit revealed that personal data such as names, […]
Continue Reading
Singapore-based market maker Altonomy has raised $7 million in a funding round led by Polychain Capital to source liquidity for institutional customers. Cryptocurrency asset management firm Altonomy has raised $7 million in a seed round from digital assets investment company Polychain Capital, according to a press release on July 15. Singapore-based market maker Altonomy is […]
Continue Reading
A significant number of enterprises have moved from PoCs to fully developed open source projects in blockchain. Blockchain startups have raised $822 million in 279 separate venture capital (VC) deals in H1 2019, according to a report by American venture platform Outlier Ventures released on July 7. According to the research, titled “State of Blockchains […]
Continue Reading
Shinhan Bank, one of South Korea’s biggest, says it is implementing “preventive measures so that customers will not be harmed in the future.” One of South Korea’s biggest banks is planning to intensify regulations on accounts linked to crypto exchanges, BEI News reported on July 1. The “special measures” Shinhan Bank are proposing would reportedly […]
Continue Reading
Korean crypto exchange Bithumb has been prosecuted for its alleged failure to take adequate measures to protect personal data, allegedly leading to a subsequent hack in 2017. South Korean crypto exchange Bithumb has been prosecuted for its alleged failure to take adequate measures to protect personal information, which was later presumably exploited by hackers to […]
Continue Reading
Six crypto exchanges have been hacked so far in 2019. How can cyber attacks be avoided and addressed in the future? Throughout the past six months, seven crypto exchanges have reportedly seen large-scale hacking attacks to the tune of tens of millions of dollars, with the most recent platform to suffer a security breach being […]
Continue Reading