Coincheck Registers 1.7M New Users Since Resuming Operations Last October

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Coincheck has reported 1.73 million downloads of its mobile app since the Japanese cryptocurrency exchange resumed new account signups, withdrawals, deposits and limited trading in October. By the end of December, more than 900,000 of the new users had gone on to confirm their identities, in what looks like a remarkable comeback for an exchange…

The Daily: Crypto Wallet Raises $15 Million, Localbitcoins Suffers Vulnerability

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In today’s edition of The Daily we feature another recent example of venture capital infusion into the cryptocurrency space as Japan’s SBI invests in the BRD wallet. We also cover a recent security vulnerability that was detected on the P2P exchange Localbitcoins, and a new AML/KYC compliance solution for stablecoins. Also Read: Galaxy Digital Is…

Binance Freezes Hacked Cryptopia Funds, Raises Questions Around Cryptocurrency Fungibility

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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…

Bitcoin History Part 7: The First Major Hack

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Hacks and heists have been a threat for as long as bitcoin has been worth stealing. By 2011, as Bitcoin was easing into its second year of life and its first bubble, early cryptocurrency exchanges were bringing liquidity and price discovery to the nascent ecosystem. At the same time, they were providing an outlet for…

Google Play Store Hosted App Found Hacking Crypto Login Credentials

Google Play Store Hosted App Found Hacking Crypto Login Credentials

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A video published Thursday by security researcher Lukas Stefanko exposed a malicious app hosted on the Google Play store that distributes malware onto unsuspecting user’s mobile devices. Harvesting Your Passwords The app, called Easy Rates Converter, markets itself as a currency conversion tool. In reality, it infects devices with malware designed to harvest their login…

Bithumb Resumes Deposit and Withdrawal Services – Upbit Reveals 127% Cash Reserves

Bithumb Resumes Deposit and Withdrawal Services – Upbit Reveals 127% Cash Reserves

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South Korean exchange Bithumb has resumed deposit and withdrawal services for a number of cryptocurrencies after the recent hack. Another major Korean exchange, Upbit, has released an audit report showing more crypto and cash reserves than needed to pay customers. Meanwhile, all customer deposits at Korbit will now be held by a bank. Also read: Yahoo!…

Bithumb Reveals 11 Cryptocurrencies Lost and Plan to Compensate Customers

Bithumb Reveals 11 Cryptocurrencies Lost and Plan to Compensate Customers

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South Korean crypto exchange Bithumb has announced the 11 cryptocurrencies stolen in last week’s theft and the amount of each coin missing. A compensation plan has also been unveiled for the equivalent value of the lost coins in an undetermined cryptocurrency. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Only Half As Much Crypto…

Korean Government Launches Investigation into Crypto Hacks

Korean Government Launches Investigation into Crypto Hacks

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Following the alleged hacks of South Korean crypto exchanges, the government has formally launched an investigation into the cause of the hacks. The authorities will also perform security checks on all crypto exchanges’ systems. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Government’s Response The South Korean government announced on Wednesday, June 20, that it…

Korean Government Details Regulatory Plans After Multiple Crypto Exchange Hacks

Korean Government Details Regulatory Plans After Multiple Crypto Exchange Hacks

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Following multiple hack reports, the South Korean government explains how it will strengthen the regulatory framework for cryptocurrency exchanges. A bill has already been submitted which imposes multiple new obligations on crypto exchanges. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Korean Government’s Solution Following recent reports of multiple security breaches at cryptocurrency exchanges,…