The Vancouver Police Department (VPD) has warned Canada’s federal government that cryptocurrencies are increasingly being used by organized crime to launder money. The agency advises that checks and balances are necessary to monitor the digital coins, and pushes for the enforcement of amendments to legislation that would require crypto-related transactions be reported to the Financial […]
Brazilian cryptocurrency exchange Foxbit has recently revealed that, via the BlinkTrade trading platform, it updated its login process, making it safer for users. The update may be too late, however, as recent reports suggest the company’s poor security allowed hackers to phish users out of an estimated 58 BTC (about $540,000). The 58 BTC estimate […]
John Chambers, the former Chairman and CEO of Cisco Systems Inc., famously said that “there are two types of companies: those that have been hacked, and those that don’t know they have been hacked.” Some notable breaches over the past few years include the 3,000,000,000 email accounts at Yahoo, the 143,000,000 credit files at Equifax, […]
A Cisco patent suggests that internet customers would be able to create a distributed mining pool through a proprietary cloud application.
MyEtherWallet, a popular web-based wallet for storing and transmitting the cryptocurrency ether (ETH), suffered a DNS attack that rerouted unsuspecting users to a Russian scam site into which some victims fed their login credentials. An unsigned SSL certificate warned users before entering the phony site but some bypassed the warning, resulting in a loss of […]
While fraud and ‘bad actors’ are a concern in the crypto industry, US Rep. Patrick McHenry says Congress should not rush to regulate.
EOS is scheduled to migrate from the Ethereum network to its own on June 2, 2018, and a slew of candidates are vying for one of twenty-one supernodes that will support this new mainnet. Since the first week of March, the platform’s Steemit account, EOS Go, has posted weekly reports on the organizations that have […]
The post BitShares Review: Is This Decentralized Exchange a Game Changer? appeared first on 99 Bitcoins. BitShares (BTS) is an open source financial platform and decentralized exchange on the blockchain. Launched in July 2014, it seeks to remove much of the risk involved with centralized exchanges. Over the years, we’ve seen the high-profile hacks of […]
A California Senator’s blockchain bill is advancing in the State Legislature. Senator Bob Hertzberg, a Democrat representing the San Fernando Valley, has introduced a bill that would allow blockchain technology into formal documentation known as a corporation’s articles of incorporation throughout the state of California. Senator Hertzberg presented the bill, dubbed SB 838, to the Senate Banking and Financial Institutions […]
Goldman Sachs has made its first hire in its cryptocurrency markets unit, signalling its seriousness in helping clients to invest in digital currencies. The Wall Street bank has hired Justin Schmidt, a former trader, as vice president and head of digital asset markets in Goldman’s securities division, according to a report from Tearsheet. Since December reports […]