News

Part of the funds from the Cryptopia hack were recently sent to the Binance cryptocurrency exchange. In response, Changpeng Zhao (CZ), the CEO of Binance froze the funds, raising questions around cryptocurrency’s anonymity and fungibility. Cryptopia is a tiny exchange with a daily trading volume averaging around $2 million. The exchange was hacked on the […]

The battle between tax authorities and cryptocurrency users took a turn in favor of the tax collectors. This month, Denmark’s tax authority won permission to start collecting private user information related to cryptocurrency trading. Denmark’s tax authority will now have access to sensitive information from three unnamed exchanges dating from 2016 and 2018, including names, addresses […]

With cryptocurrency’s inherent uncertainty, users are searching for something that could bring back much-needed stability and mitigate price fluctuations. In the search, one concept continues to gain traction: stablecoins. These are undoubtedly tough times for cryptocurrency investors. Digital monies have always been volatile investments, and it is certainly a continuing trend. More than 40 percent […]

Coming Bitcoin futures exchange Bakkt announced Monday the acquisition of an independent futures commission merchant for an undisclosed amount. The move aims to augment Bakkt’s services for institutional investments in cryptocurrency assets. On the back of a $182 million capital raise, Bakkt’s relentless work in developing a trusted brokerage for cryptocurrencies is unfolding. The firm […]

New Zealand-based Cryptopia is the first cryptocurrency exchange to get hacked in 2019. Estimates of the damage range between $2.5 to $3.5 million; The attack was confirmed in the late hours of Jan. 13th after the company announced emergency “maintenance.” Cryptopia is a tiny exchange with daily trading volume averaging approximately $2 million. The evening of […]

A security firm identified a vulnerability introduced by the planned Jan. 16th Constantinople hard fork, compelling the core Ethereum developers to issue an emergency postponement. On Jan. 15th, 2019, ChainSecurity—a smart contract auditing and security firm—detected a vulnerability introduced by the Constantinople hard fork upgrade. The vulnerability would allow funds to be stolen from smart […]

Bitcoin evangelists and Gemini founders Tyler and Cameron Winklevoss believe cryptocurrency has a “bright future,” given banking-style regulations are applied to the burgeoning sector. In an interview with Fortune on Jan. 13, the Winklevoss twins noted the current market conditions of the cryptocurrency space are impeding growth for the industry’s development. The twins are notable […]

A new virus making the rounds is embedding nefarious code in a victim’s computer to extract cryptocurrencies, deceptively altering search results to scam users into parting with their digital assets. As reported by cybersecurity publication Bleeping Computer, the virus is embedded in movie files originating from torrent tracking service The Pirate Bay (TPB). While torrent […]

Justin Sun rebutted claims by a former BitTorrent executive who said that tokenizing BitTorrent’s economy on Tron would “literally destroy it.” Speaking to Breaker Magazine, BitTorrent’s ex-Chief Strategy Officer (CSO) Simon Morris on Friday raised a host of questions about the technological capabilities of Tron and CEO Justin Sun, asserting the blockchain would “melt” under […]

Recent news that “Russia will buy $10 billion in Bitcoin and ditch the U.S. dollar” is backed by the flimsiest of evidence. Publications such as The Telegraph, Bitcoinist, and the Daily Hodl been duped? The airwaves were abuzz when news that Russia would buy $10 billion in Bitcoin surfaced. Allegedly, that work was “underway” to […]