Crypto exchange Upbit recently completed a security overhaul in response to a hack the platform suffered in late 2019. Strengthening its walls after a hack in late 2019, South Korean crypto exchange Upbit has finished a security upgrade for the wallets on its exchange platform, restoring functionality once again. Upbit decided to update its defenses […]
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Facebook CEO Mark Zuckerberg says the digital world needs governing, pointing toward government regulation but also community self-governance as potential solutions. Facebook CEO Mark Zuckerberg said the digital world needs oversight, mentioning government regulation as a potential solution but calling community self-governance “another and perhaps even better way.” “One of the big questions for the […]
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There were 12 major cryptocurrency exchange hacks in 2019. In total, over $292 million and over 500,000 pieces of customer data were stolen. Twelve major cryptocurrency exchange hacks occurred in 2019. Of these, 11 hacks resulted in the theft of cryptocurrency while one only involved stolen customer data. In total, $292,665,886 worth of cryptocurrency and […]
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Crypto has the ability to instantly record information, potentially making hacking and faking almost impossible. Chargebacks were originally designed to protect consumers. Today, it’s ironic that merchants often need protection against this very system put in place to protect consumers. A chargeback is the return of funds to the consumer, by the bank, to settle […]
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What did 2019 bring by way of privacy coins in criminality, how have things changed, and what is the 2020 outlook? The right to privacy is a fundamental prerequisite for peace of mind and security. The idea that only criminals have something to hide is strange. Contrarily, privacy is sought by almost everyone. Yet, it […]
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Major South Korean crypto exchange BitHumb considers administrative litigation over $68.9 million tax bill. Major South Korean cryptocurrency exchange Bithumb is reportedly looking to undertake administrative litigation over an $68.9 million (80 billion won) tax bill. English-language local news outlet KoreaHerald reported on Dec. 29 that the local tax agency has handed down over 80 […]
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Blockchain platform Nuls has lost almost $480,000 worth of NULS tokens due to a hack, according to an official security update. Blockchain platform Nuls has lost almost $480,000 worth of NULS tokens due to a hack, according to a security update tweeted on Dec. 22. In its tweet, Nuls said it had detected that 2 […]
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A long time ago, in a white paper far away… Episode IV – A New Hope A long time ago in a galaxy far, far away… or maybe 2008 just feels like a long time ago. It is a period of civil war. Rebel cypherpunks are under the leadership of 900-year-old Jedi Muppet Satoshi Nakamoto, […]
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Private equity and hedge fund manager Fortress Investment Group is redoubling its efforts to buy up Bitcoin claims from Mt. Gox creditors. In the countdown to the new year, private equity and hedge fund manager Fortress Investment Group is redoubling its efforts to buy up Bitcoin (BTC) claims from Mt. Gox creditors. A Bloomberg report […]
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The hashpower rental marketplace NiceHash, which was hacked in Dec. 2017, says it may not be able to fulfill its pledge to fully reimburse affected users. The hashpower rental marketplace NiceHash, which was hacked in Dec. 2017, says it may not be able to fulfill its pledge to fully reimburse affected users. In a blog […]
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