Will Security Token Offering Replace ICO in Crypto Fundraising?

Initial Coin offerings, ICO surged in 2017 due to the improved performance of cryptocurrency in the year. However, the extended bear market and the increasing regulatory concern over fraudulent incidents cause a decline to ICOs. Security Token Offerings Rising Beyond Initial Coin Offerings According to a report from fabric Ventures, more than 58 percent of…

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5 Opsec Errors That Caused Cryptocurrency Users to Lose Everything

Maintaining good operational security is imperative for all web users, but it’s particularly important in the cryptocurrency space. Prying eyes are everywhere on the internet, from law enforcement to hackers and from blockchain forensics firms to data resellers. Examining the opsec errors that got several notorious bitcoiners robbed or busted yields valuable lessons we should…

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Singapore Gov't Develops Blockchain Based Security Token System

An automated Delivery versus Payment (DvP) platform has been jointly developed by the Monetary Authority of Singapore (MAS) and the Singapore Exchange (SGX). Its purpose is to allow the settlement of tokenized securities across various blockchain platforms. Simplifying Post Trade Processes In a joint release over the weekend the MAS and SGX stated “This will…

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Open API Cryptocurrency Exchanges Launches IPFS Protocol to Facilitate Security Token Trading

A developer of decentralized ERC-20 token exchange powered by P2P hypermedia protocol from Protocol labs launches private IT-backed security token. To remove the challenges linked to traditional IPO investing, the security trading platform BaseCore leverages its very own security token: BaseCore token; a stable coin backed by the underlying portfolios of private IT companies. Two…

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Fidelity Launching Crypto Custody and Trading Services

Fidelity Investments has announced the launch of a new company dedicated to providing cryptocurrency services including custody and trade execution. The services will be available to institutional investors such as hedge funds, family offices, and market intermediaries. New Crypto Company Formed Leading financial services corporation Fidelity Investments announced on Monday the launch of a new…

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XRP is a currency, not a security; former SEC member reveals the reason

Michael Didiuk, a former employee of the US Securities and Exchange Commission [SEC] spoke about XRP, stating that the cryptocurrency is not a security but rather a currency. He also gave an appropriate justification for his statement. Didiuk mentioned the Howey test laid out by the Supreme Court in 1946 determines whether an asset is…

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54% of Cryptocurrency Exchanges Have Security Holes

Traders hope and expect the exchange they’re trading on takes security seriously. But while all crypto platforms pay lip service to good cybersecurity practices, many fail at even the most basic measures such as enforcing strong passwords. New research has found 54% of all cryptocurrency exchanges have poor security in at least one area, leaving…

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Bitcoin Q&A: Is quantum computing a threat?

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Japanese Regulated Exchange Zaif Hacked – Nearly 6000 BTC Stolen

Japanese government-approved cryptocurrency exchange Zaif has confirmed that it has been hacked. After a preliminary investigation, the exchange says at least 5,966 BTC have been stolen, with an estimated total damage of $60 million. Some of the stolen coins belong to the exchange but the majority belong to customers. Zaif Hacked Japanese crypto exchange Zaif…

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Dubai Security Chief Wants Stricter Cryptocurrency Laws

Dubai security chief noted that stricter measures need to be put in place for cryptocurrency laws, to ensure investors’ protection. The Use of Cryptocurrency in Electronic Crimes Assistant-Commander of the Criminal Investigation Department (CID), Major-General Khalil Ibrahim Al Mansouri, said that the public was not enlightened on the dangers of virtual currency. This made them…

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Ethereum Q&A: What happens if there are bugs?

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Binance Partners With Malta to Launch Security Token Trading Platform

Binance, the world’s largest crypto exchange by volume, is teaming up with the Malta Stock Exchange (MSX) to enable security token trading on the “blockchain island,” a local news site reported Tuesday. The exchange’s chief financial officer, Wei Zhou, signed a memorandum of understanding with MSX chairman Joe Portelli to launch a security token trading…

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MEGA File-Sharing Service’s Chrome Extension Hacked, Cryptocurrency Accounts Compromised

A hacker uploaded a malicious version of the extension onto the Chrome Web Store. MEGA, a New Zealand-based cloud storage and file hosting service, recently issued a security warning regarding a “trojaned” version of its extension that an unknown attacker uploaded to the Chrome Web Store. The malicious update, version 3.39.4, asked for permission to…

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bitcoin back up-good News from US-India govt regulation

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Mining Malware Hits UK Firms

The latest research has shown that almost 30 percent of the businesses based in the UK have confirmed that their infrastructure has been hit by a crypto mining malware in July 2018. With new ICOs launching every week and the awareness growing among the masses, such threats are enough to sabotage the businesses from entering…

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The Internet of Money: Five Years Later

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Blockchain Security Firm, BitGo, Now Supports Privacy-Centric Zcash Cryptocurrency | BTCMANAGER

BitGo, a California-based blockchain security firm offering institutional grade custodial services for a variety of cryptocurrencies, is now supporting Zcash, as announced by the firm on July 25, 2018. Security Meets Privacy Created in 2013 by Mike Belshe and Ben Davenport, BitGo claims to be the world’s largest processor of on-chain bitcoin transactions, handling a…

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Japan: Tech Giants Hitachi, KDDI Trial Blockchain Biometrics Verification System for Retail

Tokyo-headquartered tech conglomerate Hitachi and telecoms giant KDDI are trialing a retail coupon settlement system that combines blockchain with biometrics, Cointelegraph Japan reports today, July 26. This week, staff from the two firms are participating in an experimental demonstration at a KDDI store in Tokyo's Shinjuku district, as well as a local donut shop. The…

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Online Monero Wallet to Mitigate Security Risks by Fixing Flaws Uncovered in Audit

The Monero web wallet says it has undergone a successful security review by an independent provider, with analysts concluding “a number of potential vulnerabilities” have now been fixed, with their risks mitigated. XMRWallet’s infrastructure was audited by New Alchemy, a blockchain strategy and technology advisory group. During its tests in June 2018, the application’s web…

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How digital identity solves privacy and compliance problems for business

While all businesses collect data about their customers, some did so under stronger oversight than others. Businesses in industries from healthcare to banking have for years collected identification data within a regulatory compliance framework. Now with continuing global alignment of data and privacy laws, companies are facing similar requirements and precise data collection is more…

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