Tag Archives: security

Leading US cryptocurrency exchange and custodian, Gemini Trust Company, has taken a strategic step to provide robust coverage for the cryptocurrencies in its custody.Gemini Takes An Extra StepOwned by the Winklevoss twins, Cameron and Tyler, the exchange announced Thursday that it had launched its captive insurance firm, Nakamoto Ltd., to secure Gemini Custody, the company’s arm that stores customer’s digital assets, against theft.This development now allows Gemini’s customers to purchase...

NULS Blockchain platform has become the latest victim on the success list of crypto hackers after a security breach leading to the theft of about $480,000 worth of NULS token. According to an official announcement about the situation on Twitter, NULS said that the hackers compromised the account of the NULS team, and a total of 2 million tokens was stolen, which is about 2% of over 73 million tokens in circulation. Cause of Attack And The Next StepOut of the stolen 2 million tokens, 548,354...

Another case of SIM swapping has reportedly been recorded in the U.S., as a 23-year-old has attempted to steal cryptocurrencies. This type of fraud appears to be growing as a significant issue worldwide, especially within the community with many previous similar cases.SIM Swapping To Steal CryptocurrenciesA young man from Pennsylvania has been implicated in fraudulent activities and will face a federal grand jury, according to a recent report. Per the document, the 23-year-old Anthony Faulk...

After days of uncertainty and rumors among the community, the Chinese exchange IDAX Global confirmed that the CEO has disappeared. As a result, withdrawal processes are still not functioning after initially being stopped earlier this week.IDAX Global CEO DisappearsIDAX Global cryptocurrency exchange was the subject of a fair share of negative news over the last several months. After reportedly leaving the U.S. and Canada due to strict regulations, the company had to stop serving users in its...

When it comes to keeping your online accounts safe, one can never be “too safe,” and this is especially true in the field of cryptocurrencies where security should always be of the highest levels. Of course, it usually all starts with selecting a strong password. And one must undoubtedly be rather original when it comes to it, while also avoiding the usage of easily-recognizable passwords. In this regard, recent research has compiled the 32 most used passwords in the digital world, which are...

San Francisco-based blockchain startup has been having a tough time this year with several investors complaining over the nature of XRP being a ‘security’. Recently, Ripple has moved to the court to dismiss the claims that it has violated any U.S. Securities laws.In its motion to dismiss, Ripple claims that Bradley Sostack, the plaintiff, doesn’t have any standing to register a complaint and claim that XRP is a ‘security‘. Further explaining, Ripple stated that the plaintiff failed to file...