Sentences with phrase «as exchange hacks»

Do you think it will help ease the tension both within and outside crypto communities regarding criminal activities such as exchange hacks?

About confidence, he stated that more robust bounce - backs from issues such as exchange hacks are a major step forward compared to how the community behaved in the past.

«Yesterday as the exchange hack developed, bitcoin broke a key technical level that led to a collapse to its next support level [around] $ 9,400,» he said.

Not exact matches

Recorded Future, a cybersecurity firm, published an analysis Tuesday laying out evidence that North Korean hackers — the same group, known as Lazarus, blamed for the infamous hack of Sony Pictures Entertainment in 2014 — were systematically targeting and plundering South Korean cryptocurrency exchanges.

She is hopeful, she said, that regulators will warm up to the sector as they did in Japan, now one of the most cryptocurrency - friendly environments, despite being home to Tokyo - based Mt. Gox, once the world's biggest Bitcoin exchange before its disastrous hacking in 2014.

There were scandals such as the hacking and bankruptcy of Mt. Gox, one of the largest bitcoin exchanges in the world.

The lack of detail that Bitfinex provided about the hacking drove away some large customers, such as Arthur Hayes, the founder of Bitmex, a Hong Kong - based virtual currency exchange.

In several forums and social media websites, bitcoin enthusiasts expressed confusion as to how the exchange's cold wallet was hacked.

The much - touted privacy is turning into a liability as the exchanges that facilitate the use of Bitcoin have been repeatedly hacked and hundreds of millions of dollars worth of bitcoin have been stolen.

In January, the Japanese cryptocurrency exchange Coincheck was hacked in what has been described as the biggest digital currency theft in history, affecting 260,000 customers.

As such, these hacks have given rise to calls for decentralized exchanges and it is only a matter of time before these become the main platforms allowing people to trade cryptocurrencies.

The security of blockchain technology should not be confused with news about hacks, such as those carried out on cryptocurrency exchanges.

Repercussions from the Coincheck hack continue as more Tokyo exchanges close due to regulatory action.

As a consequence of the hack, the FSA has ramped up its efforts to ensure that the country's exchanges are running correctly to ensure customers» assets remain safe.

The early example of Mt. Gox and the most recent hacking of Coincheck serve as serious warnings to prospective cryptocurrency investors to look into the exchange's security protocol.

As new flaws and hacks are revealed, cryptocurrency mechanism experts redouble their efforts to repair blockchain mechanism formula and strengthen the confidence of cryptocurrency exchanges.

Unlike storing your currencies in your own wallet, dealing with exchange wallets makes you vulnerable to the various security threats all over the web, especially since hacking such websites leads to stealing a substantial amount of money, as was the recent case when the mining exchange marketplace NiceHash got hacked.

Texas - based bitcoin exchange Harborly shut down in August saying the closure was a result of insufficient resources to run both the firm and a separate project that co-founder and CEO Connor Black described as «a growth hacking tool and service».

The news comes as exchanges in Japan more widely are taking steps to restore public confidence in the industry following a hack in January that exploited some $ 500 million - worth of NEM tokens from the Coincheck exchange.

In addition to shameless hack Tom Shadyac's gross inability to shoot informative coverage or a simple dialogue exchange (blame, too, editor Don Zimmerman), he again uses cancer - stricken children as shorthand messengers of supernatural uplift.

This very «anti-social network,» as The Age calls it, was run on a website called GhostMarket.net, and allowed as many as 8,000 members to exchange details about thousands of stolen credit cards and hacked bank accounts.

The cryptocurrency community is anxiously anticipating an official statement from CoinCheck but as of now, it has not been confirmed that the exchange was hacked.

Mt. Gox has experienced a number of problems as one of the most popular exchanges, from hacking attacks to drawing the ire of regulators.

Bitcoin evangelists recommend steering clear of centralized exchanges, arguing that the whole point of decentralized currencies was to not hand over control to third parties, such as central banks, commercial banks and exchanges, which raises the risk of mismanagement, scams or hacking.

In Japan, a large virtual currency exchange, Coincheck, was hacked in late January and lost nearly $ 500 million worth of a virtual currency known as NEM, raising questions about the relatively untested security practices of virtual currency exchanges.

This move was ostensibly a reaction to the $ 500.0 - million NEM hack that took place at a Japanese exchange last month, but it also comes as part of a larger cleanup effort from the FSA.

On August 2, 2016, it has been reported that the major cryptocurrency exchange, Bitfinex, was hacked with some customers losing Bitcoin as a result.

The EtherDelta cryptocurrency exchange recently sent out urgent tweets, telling users not to open the site as it had been hacked.

This system was created by Buterin as well as Joseph Poon, the creator of the Bitcoin Lightening Network, and could have a number of important uses, including being able to protect crypto exchanges from getting hacked.

These price gyrations took place as markets and those trading within them responded to a series of major global developments, including the decision by UK voters to exit the European Union, the hack of bitcoin exchange Bitfinex, and the halving of bitcoin's mining reward, which reduced the number of new bitcoins produced in each transaction block from 25 BTC to 12.5 BTC.

As of now, the South Korean government remains secretive about the whereabouts of the hacked exchanges.

Bitgrail is the next cryptocurrency exchange to experience an unfortunate hack — an event that highlights profound problems within the exchange space as cyber security continues to fall short.

It's bad enough that normal criminals are trying to hack exchanges, but you now have rogue states like North Korea looking to supplement their revenue by attacking exchanges as well.

Bitcoin investors are used to the whiplash - inducing swings in the price of the currency, which has suffered flash crashes and numerous price collapses amid thefts and cyberattacks that have plagued the industry, such as the fatal hack of the bitcoin exchange Mt. Gox in 2014.

«As security threats such as virtual currency speculation and hacking on handling sites are increasing, the actual situation of personal information protection of major virtual currency exchanges has been found to be very weak,» Korea Communications Commission chairman Lee Hyo - Sung saiAs security threats such as virtual currency speculation and hacking on handling sites are increasing, the actual situation of personal information protection of major virtual currency exchanges has been found to be very weak,» Korea Communications Commission chairman Lee Hyo - Sung saias virtual currency speculation and hacking on handling sites are increasing, the actual situation of personal information protection of major virtual currency exchanges has been found to be very weak,» Korea Communications Commission chairman Lee Hyo - Sung said.

Unfortunately, these features can also be a negative as almost one - third of all Bitcoin exchange platforms were hacked, and that's in 2016 alone.

However, the recent major hack of Coincheck is playing out differently as the Japanese exchange announces it will pay back $ 425

«Very little needs to happen before that bubble might burst, such as the introduction of more regulation or another hack of a major cryptocurrency exchange,» Salami says, referring to the hacking of a high - profile digital currency exchange in Seoul, which went bankrupt in late December.

Also, remember to transfer your purchased bitcoin to your own personal bitcoin wallet and do not leave them lying on an exchange as there they can be subject to cyber theft should the exchange get hacked.

I generally advise investors to take this approach, as exchanges have been hacked in the past.

Centralized exchanges can be hacked or disappear or shut down by the regulators, and decentralized exchanges such as Etherdelta don't trade bitcoin and only trade ERC - 20 tokens.

Secondly, as the price of cryptocurrencies advance to record highs, so too does the returns that a rouge regime can get from hacking exchanges.

The exchanges do not hold on to the coins as well which contributes to their inability to be hacked and taken over.

Given that the price of bitcoin has been known to drop by 25 percent in a matter of days on the back of negative headlines, such as potential regulatory changes in China or the hacking of bitcoin exchanges, it is unlikely the SEC will consider a Bitcoin ETF a smart investment for retail investors.

Because as good as exchanges are, they are young and unregulated, and even today we still hear about internal theft and external hacks.

Exchange hacks and cryptocurrency heists have seen an unprecedented rise in the recent months, and as hundreds of millions get lost in these digital robberies, investors are turning wary of crypto investing.

NEM rose sharply on Tuesday even as the broader market declined, as digital currency exchange Coincheck began refunding customers for the January hack that resulted in...

ASIC advises that, as most of the virtual currency exchange platforms are generally not regulated, customers may not be protected or have any legal recourse if the platform fails or is hacked.

«While the security threats such as virtual currency speculation and hacking of handling sites are increasing, the actual situation of personal information protection of major virtual currency exchanges is very weak,» warned the chairman of the Korea Communications Commission in announcing the fines.

Where many had hoped that multi-million dollar hacks and loss of customers funds were a thing of the past, it became clear that storing bitcoins on an exchange is still not as secure as it perhaps should be.