State-sponsored attacks on exchanges and banks generated considerable revenue under sanctions, new report claims. North Korea has netted around $2 billion by hacking banks and cryptocurrency exchanges, according to the United Nations (U.N.). UN: Hacked crypto funds weapons of mass destruction In a confidential report acquired by mainstream media outlets including Reuters on Aug. 5, […]
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German Bitcoin bank Bitwala announced that it received €13 million (almost $14.5 million) in funding. Germany-based Bitcoin (BTC) bank Bitwala announced that it received €13 million (almost $14.5 million) in funding in a press release shared with Cointelegraph on July 31. Connecting Bitcoin and banks Per the release, an international investor consortium led by Sony […]
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Crypto experts’ take on the question: Is the leading cryptocurrency, Bitcoin, really a good store of value and can we call it “digital gold”? It’s hard to tell who was the first to coin — pun intended — Bitcoin (BTC) as “digital gold,” underlining the idea that Bitcoin is a good store of value. The […]
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The federal judge overseeing the Michael Terpin Vs. AT&T SIM-swapping case has dismissed the motion. The federal judge overseeing Terpin Vs. AT&T — a legal battle pertaining to stolen crypto via SIM-swapping that has been going on for almost a year — has dismissed the motion, industry news outlet, TheBlock, reports on July 26. As […]
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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, […]
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Noncustodial exchanges represent a middle ground between centralized and decentralized exchanges while performing fast crypto conversions What are the disadvantages of NCEs? Much like decentralized exchanges, users have full control of their private keys and are thus responsible for the transactions they make. The onus is on a user to provide the correct address when […]
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A former Microsoft staffer has been arrested for a scheme to steal $10 million in crypto, using some of the funds to buy a Tesla car and lakeside home. A former employee at Microsoft has been arrested for a scheme to steal $10 million in cryptocurrency, the Associated Press (AP) reported on July 17. Insider […]
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Bitpoint incident continues the streak of hacks targeting Japan-based exchanges. On July 12, 2019, Tokyo-headquartered cryptocurrency exchange Bitpoint promptly suspended its services after noticing an error in the outgoing funds transfer system. Soon, an official announcement followed, revealing that the trading platform had lost around 3.5 billion yen (roughly $32 million) as a result of […]
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Monero reveals fixes for major security risks for XMR — what does it mean? Cryptocurrency is so far on the cutting edge that it almost defines it, yet some are finding out the hard way that it’s even sharper than anticipated. The frightening reveal of nine security bugs through HackerOne internet security platform that had […]
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Japanese cryptocurrency exchange Bitpoint has reportedly discovered some of its funds that were stolen in a hack last week. Japanese cryptocurrency exchange Bitpoint has discovered over 250 million yen ($2.3 million) in cryptocurrency — part of a $32 million sum that was stolen last week, local English language daily The Mainichi reports on July 14. […]
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