The “Shitcoin Wallet” debacle shined a light on crypto security issues. Experts weigh in on how companies are caught in the balance. The cryptocurrency sector has many criticisms. One is that it can appear impenetrable to newcomers. Another is that it is probably easier to lose money investing in crypto than in most other areas […]
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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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Coinbase CEO Brian Armstrong sums up the crypto industry over the last ten years, describing how we got from there to here. Coinbase CEO Brian Armstrong published a Medium post on Jan. 2 sharing his thoughts on how the crypto space has progressed over the last ten years. Armstrong’s post, inspired by Fred Wilson’s article on […]
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Facebook’s Libra, Ethereum, QuadrigaCX, Tether and Bitfinex — Cointelegraph breaks down the biggest stories of 2019. 2019 may not go down as a year of breathtaking highs for cryptocurrency markets, but major strides have been made for mass adoption of digital payments and blockchain technology. A quick look at major headlines over the past 12 […]
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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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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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Even though Maker has refused to explicitly acknowledge the vulnerability claims put forth by Zoltu, experts see their validity. At the start of December, the Maker Foundation hosted a number of governance polls on its website to ease rising concerns following allegations put forth by developer Micah Zoltu in regards to how hackers with enough […]
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A report from Kaspersky Lab suggests a growing fondness for prepaid debit cards among hackers, but it is too early to say whether Bitcoin is being left behind. Bitcoin (BTC) scammers may be abandoning the cryptocurrency to focus on extorting money via prepaid debit cards, a new study suggests. Revealing its findings in a blog […]
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A product developer witnesses Litecoin network activity that reminds him of the Aug. 10 dust attack on the network. Product developer Franklyn Richards has witnessed Litecoin (LTC) network activity that reminds him of the Aug. 10 dust attack on Litecoin. In a Dec. 14 blog post, Franklyn Richards, a product developer who has worked on […]
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