BingX confirms the resumption of withdrawal services following hack
Monetary losses from the BingX hack were initially reported as totaling $26 million, but the figure has since swelled to $52 million.
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Report: Container Software Vulnerabilities On the Rise, Mining Malware is Fading Away
Cryptocurrency ransomware, botnets and backdoors seem to have replaced cryptocurrency mining malware as the tool of choice for cybercriminals, according to a recent report from computer security firm Skybox Security.In its report dubbed “2019 Vulnerability and Threat Trends: Mid-Year Update,” Skybox reviews software vulnerabilities and newly developed exploits, as well as malware and attacks, among…
Ransomware Negotiations Revealed: Flattery and Empathy Works
Details of a week-long negotiation between the University of California and a NetWalker ransomware gang have been revealed by Bloomberg.The University’s School of Medicine was working on a vaccine for Covid-19 in June this year when seven of its servers were locked down by the hackers. Against the advice from FBI, the university took matters…
Glassnode report suggests the fair value of SUSHI is just 31 cents
Research into Sushi prices and economics indicate it is still overvalued and unlikely to reach its all-time high again. Research by on-chain analytics provider, Glassnode, has taken a deep dive into the economics and value of the SUSHI token, revealing that it may be worth far less than its current price. And that's after the…
Binance Releases Demo of Decentralized Exchange
The CEO of cryptocurrency trading platform Binance Changpeng Zhao announced a demo of the platform’s decentralized exchange in a tweet today, Aug. 9. In a six-minute video attached to the tweet, Zhao presented a “casual, early, pre-offer” demo of the decentralized exchange. The CEO said not “to expect too much” for now, adding that it…
Bitcoin price sheds 5% after Oracle keeps quiet on $4B BTC allocation rumors
Bitcoin (BTC) fell $2,000 overnight on March 11 after United States-based multinational Oracle dispelled rumors that it had bought 72,000 BTC.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingviewData from Cointelegraph Markets and TradingView showed BTC/USD returning to $55,000 on Thursday after hitting local highs of around $57,00.The previous day had delivered strong performance across cryptocurrency, with bulls…
App Connects Bitcoin and Lightning Payments Directly to Your Bank Account
The Strike app hopes to encourage mass adoption of the Bitcoin and Lightning Network by connecting it directly to a bank account or debit card. 1740 Total views 56 Total shares Jack Mallers, developer of the Zap Lightning Wallet, announced his new app for iPhone, Android and Chrome on July 2, which allows users to…
OKCoin opens doors to crypto traders in Singapore
The new office will reportedly serve as a new hub for crypto traders in Asia and Oceania. 1371 Total views 18 Total shares One of the world’s oldest crypto exchanges now has an office in Singapore.According to an Oct. 8 announcement from OKCoin, the exchange is opening its doors to crypto traders in Singapore five…
Legal & General Partners With Amazon to Use Blockchain for Pension Deals
Online retail giant Amazon has partnered with United Kingdom-based insurance agency Legal & General to create a blockchain system for managing corporate pension deals, according to a report by Reuters on June 11.Legal & General will reportedly make use of the Amazon Managed Blockchain for its bulk annuity transactions, which happen when companies transfer their…