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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Four South Korean crypto exchanges face regulation stricter regulations in renewing their bank accounts following the issuance of new FATF guidelines. Four South Korean cryptocurrency exchanges are reportedly facing stricter regulation as they aim to renew their banking accounts. As local industry media TheBchain reports on July 29, the new requirements come after the Financial […]
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CoinMarketCap and major crypto exchanges are pushing to improve liquidity, strengthening the long-term growth trend of the sector. In May, crypto market data provider CoinMarketCap requested all exchanges in the global exchange market disclose accurate data in a move to improve transparency of the information displayed on the platform. CoinMarketCap declared an ultimatum to all […]
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Six crypto exchanges have been hacked so far in 2019. How can cyber attacks be avoided and addressed in the future? Throughout the past six months, seven crypto exchanges have reportedly seen large-scale hacking attacks to the tune of tens of millions of dollars, with the most recent platform to suffer a security breach being […]
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The personal computers of Coincheck employees have allegedly been found to have been infected by a virus associated with Russian hackers. The personal computers of employees at hacked Japanese crypto exchange Coincheck have allegedly been found to have been infected by a virus associated with a hacker group of Russian origin. The allegation was reported […]
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The Fair Trade Commission originally asked Bithumb and four other platforms to increase liability in 2018. Five cryptocurrency exchanges in South Korea have increased their liability to users in line with demands from regulators. Local English-language news outlet The Korea Herald reported the news on June 17, citing Yonhap News Agency. A year after the […]
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A tough crypto regulatory stance has not discouraged Korea’s largest companies from investing in blockchain. Unlike in other countries, where startups are at the heart of blockchain development, the South Korean blockchain landscape has “chaebols,” large, family-owned business conglomerates in Korea, at its heart. Just about every month, reports and announcements of large South Korean […]
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A security firm analyzing the content of the emails believes a Pyongyang hacker group masterminded the scheme. Hackers from North Korea were behind a phishing scam targeting users of South Korean cryptocurrency exchange UpBit, Korean-language cryptocurrency news outlet CoinDesk Korea reported on May 29. According to findings by local cybersecurity firm East Security, the scam […]
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More on CoinMarketCap’s plan to fight fake volume reporting. Recently, CoinMarketCap (CMC), arguably the industry’s best-known cryptocurrency market data service, announced an initiative to provide “greater transparency, accountability, and disclosure from projects in the crypto space.” The move followed recent reports on fake volume data and wash trading among cryptocurrency exchanges that were published last […]
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Centralized crypto exchanges saw a major uptick in traded volume this April, with a solid 85% overall increase among top fiat-to-crypto platforms. Centralized cryptocurrency exchanges saw a major uptick in traded volume this April, the new April 2019 Exchange Review from crypto data provider Cryptocompare has revealed on May 20. Among top fiat-to-crypto platforms, monthly […]
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