2020 has already been remarkably eventful for the crypto industry, and security breaches are no exception. As the cryptocurrency industry continues to mature, security remains a major challenge. Over the last few weeks, a number of cryptocurrency exchanges — namely, OKEx, Bitfinex, Digitex and Coinhako — have experienced security breaches. Although the attackers apparently did […]
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A whistleblower has revealed a $70 million Bitcoin scam targeting British and Australian investors through fake news stories on Facebook. A whistleblower has revealed the existence of a 200-employee Ukrainian Bitcoin (BTC) trading scam that netted $70 million in 2019. The whistleblower outed the scam by providing footage and internal company documents to Swedish newspaper […]
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The Bank of England’s deputy governor has warned that stablecoin adoption could have profound implications for the money creation of national economies. Jon Cuncliffe, the deputy governor for financial stability of the United Kingdom’s central bank, the Bank of England (BoE), has warned that the emergence of a cryptocurrency economy may weaken or eliminate bank […]
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Blockchain and cryptocurrencies are as disruptive as they are polarizing. Here are the opinions of the world’s richest people on the technology. For the past decade, blockchain, Bitcoin (BTC) and other cryptocurrencies have disrupted everything they have touched — including banking, hedge funds, law enforcement, health care and real estate to name a few. Blockchain […]
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Do blockchain and data security have a mutual relationship or is it not as secure to use blockchain when it comes to storing data? In November 2019, security firm Risk Based Security called last year the “worst year on record” for breaches, with almost 8 billion records affected. Third-party control over personal data makes privacy something […]
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An ex-employee of crypto exchange Digitex has leaked KYC documentation for and claims to have data for over 8,000 users. An ex-employee of cryptocurrency derivatives exchange Digitex began leaking stolen Know-Your-Customer (KYC) on Telegram. The stolen data reportedly includes passport and driving license scans and other sensitive documentation pertaining to more than 8,000 Digitex customers. […]
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Human resources firm Randstad, which recently became a global leader in the sector, has chosen to further automate its workflow using a smart contracts-focused blockchain. Human resources firm Ranstad, which recently became global leader in the sector, has chosen to further automate its workflow using a smart contracts-focused blockchain. The firm’s 40,000 employees will be […]
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The Committee on Small Business will hold a hearing focused on the benefits of blockchain technology next week. Blockchain and cryptocurrencies are affecting the way both large corporations and small businesses operate, and governments are taking notice. Next week, a committee in the U.S. House of Representatives will hold a hearing focusing on blockchain’s impact […]
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Major U.S. crypto exchange #Coinbase was one of hundreds of companies discovered to be testing #Clearview facial recognition technology. Coinbase, the U.S. cryptocurrency exchange boasting over 20 million views per month and over 30 million total accounts, has tested Clearview AI facial recognition technology according to a BuzzFeed News report. However, Coinbase has denied that […]
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Former Vice President of CIRC of the Party talks about ICOs and cryptocurrency trading bans in China and CBDC is an important national strategic plan. Chen Weigang, former Vice President of China Insurance Regulatory Commission of the Communist Party, sat down with Yiben blockchain media on Feb 27 to talk about ICO regulations and digital […]
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