Coinbase has revealed details of its insurance coverage for its hot wallet crypto holdings, reportedly covering a $255 million limit via a Lloyd’s of London-registered broker. Major American cryptocurrency exchange Coinbase has revealed details of its insurance coverage for its hot wallet crypto holdings, reportedly covering a $255 million limit via a Lloyd’s of London-registered […]
Continue ReadingFrench hardware wallet producer Ledger partnered with Hong Kong custodian Legacy Trust to offer institutional cryptocurrency custody services. French hardware wallet producer Ledger has partnered with Hong Kong trust company Legacy Trust to offer institutional cryptocurrency custody services, according to a press release shared with Cointelegraph on March 28. The announcement — which also claims […]
Continue ReadingSingapore-based cryptocurrency exchange DragonEx has notified its users that it suffered a hack on March 24. Singapore-based cryptocurrency exchange DragonEx has notified its users that it suffered a hack, according to an official announcement on the platform’s Telegram Channel on March 25. The incident— described as “attacks from hackers” that resulted in the transfer and […]
Continue ReadingThe QuadrigaCX story gets stranger as the criminal past of one founder is allegedly revealed, while IBM gets more into blockchain. Top Stories This Week Six Global Banks Sign Up to Issue Stablecoins on IBM’s Now-Live Blockchain Network This week, six international banks signed letters of intent to issue their own stablecoins — which will […]
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QuadrigaCX’s co-founder Michael Patryn is allegedly formerly known as Omar Dhanani, who operated a credit card fraud scheme in 2002. A co-founder of controversial QuadrigaCX exchange was reportedly involved in multiple criminal activities in the past, Bloomberg reports on March 19. Michael Patryn, who co-founded Canadian crypto exchange QuadrigaCX along with Gerald Cotten in 2013, […]
Continue ReadingAmerican telecoms firm AT&T said that businesses are more seeing crypto mining attacks despite the ongoing bear market. Cryptocurrency mining is reportedly one of the most observed objectives of hackers attacking businesses’ cloud infrastructures, according to a report by AT&T Cybersecurity on March 14. The cybersecurity wing of United States telecoms firm AT&T stated that […]
Continue ReadingThe former CEO of the now-defunct Bitcoin exchange Mt. Gox has received a suspended jail sentence after being found guilty of tampering with financial records. Mark Karpeles — the former CEO of the now-defunct Bitcoin (BTC) exchange Mt. Gox — has received a suspended jail sentence after being found guilty of tampering with financial records. […]
Continue ReadingAn 18-year-old cryptocurrency hacker was reportedly referred to prosecutors in the Japanese city of Utsunomiya for the theft of 15 million yen worth of cryptocurrency. An 18-year-old hacker was referred to prosecutors in the Japanese city of Utsunomiya for stealing cryptocurrency, local news outlet Japan Today reported on March 14. The cybercriminal allegedly hacked Monappy, […]
Continue ReadingEU hardware wallet manufacturer Trezor has responded to a report from its competitor Ledger that described vulnerabilities in Trezor’s devices. Prague-based crypto wallet manufacturer Trezor has responded to а report about hardware vulnerabilities from its competitor Ledger on Tuesday, March 12. Trezor claims that none of the weaknesses revealed by Ledger in a detailed report […]
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The SEC is still wary of ICOs, but recent changes to its guidelines show it’s learning to accept them. Initial coin offerings (ICOs) may be less fashionable than security token offerings (STOs) right now, but that hasn’t stopped the United States Securities and Exchange Commission (SEC) from keeping its beady eye trained firmly on them. […]
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