Crypto EcoBlog
South Korea has passed new laws requiring that everyone opening a cryptocurrency account use their true, legal names to do so.South Korea: The Center of Crypto Regulation?As time goes by, many cryptocurrency exchanges and businesses are seeking out ways to remain fully compliant with federal regulators. The problem is that to do this, they’re often required to invade the privacy of their customers to one extent or another, and this scenario is no exception.One of the issues at hand is that...
Read More »Bittrex Serviced the Whale That Caused BTC’s Temporary $1,000 Surge
Recently, Live Bitcoin News reported that many members of the crypto community were suspicious of a $1,000 surge incurred by bitcoin, the world’s leading cryptocurrency by market cap. It has now been stated that the surge was no doubt the result of a bitcoin whale moving money between accounts with Bittrex, one of the world’s top cryptocurrency exchanges.Bittrex at the Head of Whale ActivityBitcoin and cryptocurrency whales can have serious effects on the industry. A whale is someone who...
Read More »BNB Is Making BTC Look Rather Small, Says New Report
According to a new report, BNB – the official cryptocurrency of digital exchange Binance – is outperforming bitcoin as of late.BNB – The Industry’s Strongest Coin?Bitcoin has been on something of a weak roll over the past few months. Things ultimately took a nasty turn for the currency in late September when Bakkt – the institutional crypto trading platform owned and governed by the Intercontinental Exchange (ICE) – opened its doors to rather lackluster reception. Following 12 months of hype...
Read More »Uganda Exchange May Be at the Center of a Crypto Scam
A cryptocurrency exchange in Uganda is taking a lot of flak for potentially stealing users’ money.Uganda Is Home to a Crypto ScamThe exchange appears to have set up a phony job search in which several people within the country who may have been looking for jobs either in the cryptocurrency or digital tech fields were asked to apply. As part of the application process, they were required to donate more than 20,000 Uganda Shillings (worth approximately $5 in USD).The trouble is that the...
Read More »IDAX Exchange’s Private Access Keys Allegedly Stolen
Another cryptocurrency exchange has been the subject of a potential theft. This time around, the victim is IDAX, and its CEO is accused of stealing the private keys that allows access to customer funds.IDAX: The Latest Victim of Crypto ThieveryIf this doesn’t sound familiar, it should. The situation is basically a play on what happened earlier this year with Quadriga CX, the notorious cryptocurrency exchange in Canada that’s been responsible for the loss of roughly $200 million crypto funds....
Read More »Cipher Trace: 2019 Has Been the Biggest Year for Cyberthieves
According to a new report submitted by Cipher Trace, the cryptocurrency world is plagued with hacks and thievery, resulting in nearly $4.5 billion in stolen digital funds in 2019.Cipher Trace: The World of Thievery Is GrowingThis is slated to be the biggest year for cyberthieves yet, beating out 2018 by several billion dollars. It also seems that over time, thievery in the crypto world has become far more prominent, meaning that even though we’re doing everything we can to advance security...
Read More »Up Bit Hack Results in Nearly $50 Million in Lost Ether Tokens
It’s happened again, folks. Another cryptocurrency hack has taken place in the region of South Korea. This time, the victim is the popular cryptocurrency exchange Up Bit, which has reportedly lost nearly $50 million in Ethereum (ETH) funds.Up Bit: The Latest Target of CyberthievesSouth Korea, at one time, was one of the world’s largest cryptocurrency hubs. The country was responsible for roughly one-quarter of the world’s bitcoin transactions, though the region has taken on something of a...
Read More »India Could Be The Next Big “Crypto Country”
Could India be on the verge of making a real name for itself in the crypto space?India: The New Big Crypto Haven?The country has often had a very mixed relationship with digital currency, being rather hostile towards the likes of Libra and even threatening jail time for crypto users, but a new crypto merger may be what is needed to ensure digital money’s future within the country’s borders.Crypto exchange Wazir X is now a part of arguably the world’s largest and most popular digital trading...
Read More »Einstein Exchange Has Very Little Customer Money Left
Remember Live Bitcoin News’ coverage of Einstein Exchange, the now defunct cryptocurrency exchange stationed in Canada? Remember how the company took roughly $16 million of customers’ money with it? Well, turns out a lot of that money is lost, and Einstein now only possesses about $45,000 of its previous total.Einstein Exchange: Losing Money QuicklyMost of the remaining money is made up of “hard assets,” according to an official statement, with about $15,000 comprised of various...
Read More »No, The RBC Is NOT Building a Crypto Exchange!
Well, this is disappointing. After all the hype and hoopla, after all the hope that Canada may be taking an important and crucial next step towards furthering the cryptocurrency space, it turns out that rumors of the Royal Bank of Canada (RBC) creating its own cryptocurrency exchange were simply that… Rumors.RBC Dispels All RumorsThe Royal Bank has emerged to state that it is not creating, nor does it have any plans to create a cryptocurrency trading platform in the future. While the...
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