Vancouver Police Push Government to Enforce KYC/AML Laws with Cryptocurrencies

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 […]

Known Bug in Brazilian Bitcoin Exchange Foxbit Sees Users Lose 58 BTC

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 […]

TopiaCoin: Building a Secure Future for Blockchain Applications

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, […]

Popular Ether Wallet MEW Is Hijacked in DNS Attack

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 […]

EOS Hype Builds as Over 50 Candidates Vie for 21 Supernodes

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 […]

BitShares Review: Is This Decentralized Exchange a Game Changer?

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 […]

California Takes ‘First Step’ Toward Embracing Blockchain With New Bill

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 Hires First Cryptocurrency Trader in Its Markets Unit

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 […]