Tag Archives: News

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...

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...

Well, well. Here’s a bit of good news just as the holiday season is starting to pick up steam. The world’s number one cryptocurrency – bitcoin – has suddenly surged to just under $7,600, incurring a seven percent gain over the past two days.Bitcoin Is Picking Up SpeedYesterday was Thanksgiving, meaning everyone was likely trying to avoid two topics at the dinner table: politics and crypto. Both tend to incur some very angry and/ or negative feelings in people, but this season, bitcoin seems...

Update: Though it was informed by media that Coinbase which is one of the world’s largest cryptocurrency trading exchanges had acquired one of the most innovative digital assets brokerage firms Tagomi for the sum of $150 million, the exchange has denied this information.As Coinbase VP of communications Rachael Horwitz noted, all this news is “100% false.”Earlier sources indicated that a deal had already been in the works and it is only recently that both parties decided to finalize the...

The United States Patent and Trademark Office has awarded one of the most prominent crypto exchanges in the country, Coinbase, a patent that portrays a mechanized framework that identifies and detects non-compliant client accounts on the platform.Filed on Nov. 19, the patent describes the significant improvement made to improve the level of security as regards customer account authorization, thereby explicitly identify the ones associated with dealing in criminal behavior.Coinbase has been...

While it has been known for a while now that Germany has been all for national cryptocurrencies, Europe’s largest economy has made a step further by introducing a new law that will allow banks to hold cryptocurrency assets in their custody. Sources indicate that the German Bundestag (its Federal parliament) has passed a bill allowing banks to hold cryptocurrencies for their clients as custodians rather than using external custodians or subsidiaries which would have been specially created for...

New data demonstrates that Mexican XRP/peso trading volume on Mexico’s Bitso-based digital money exchange hit a record high this month.This expansion is because of the association between Ripple and MoneyGram, which shows that it is as of now moving around 10% of its Mexican peso currency exchange volume through Ripple’s XRP-based installment arrangement, known as ODL.Ripple’s dedication of $ 50 million in value financing for MoneyGram was at long last finished and a second $20 million...

Cryptocurrency is good in that transaction information is forever recorded on the blockchain in the public domain and therefore Bitcoin can be trusted. At the same time, there are no records about your transactions in the databases of banks and government organizations in order to increase Bitcoin Privacy. But in fact, anyone can track how much and what you spent your digital assets on, and then use this information to harm you.Danger of Blockchain TransparencyBitcoin seems to be initially...

First of all, Happy Thanksgiving y’all. Be thankful for your life, your family and, hopefully, your wallets. Hope you had a nice dinner and it prepared you for the Christmas holidays.  However, today is Black Friday and even though it should remind us on the awful things done to the slaves in the U.S. back in time, it should remind us that, except this should never happen again, we could use this date to do something good – for someone, or for us (‘cause you have to love yourself,...

Swedish fintech firm Klarna has become the undisputed champion in the fintech space. Sources indicate that the gains made his year alone has put the firm light years ahead of its peers and competitors. The e-payments firm has indicated that about 60,000 merchants have been added to its network and that it has created linkages with about 190,000 retail partners in addition to 16 million new users of the service as well.Moreover, it has emerged that the fintech firm is now worth about $5.5...