Sentences with phrase «more exchange hacks»

In an interview with CNBC, analyst Nicholas Colas said that more exchange hacks will happen.

Not exact matches

The more than $ 500 million cryptocurrency heist at a major Japanese exchange last week is unlikely to be the last such hack, according to a Wall Street analyst.

What may also be keeping crypto markets relatively more propped up today than they were following the Mt. Gox hack is the fact that there are more players in the market today, with Coincheck being just one of many exchanges, and NEM being only one of many cryptocurrencies.

Since then, Fortune has spoken with more than a dozen victims, including tech CEOs and well - known blockchain proponents, whose Coinbase accounts have been targeted and hacked in almost exactly the same fashion; still more have been attacked on other exchanges.

After Japan's second largest cryptocurrency exchange, Coincheck, was hacked, the Japanese government began to place even more emphasis on security measures for the cryptocurrency market.

Prices of major cryptocurrencies tumbled more than 9 percent Wednesday on a new round of regulatory crackdowns in the U.S. and Japan and rumors that popular cryptocurrency exchange Binance has been hacked.

If you're storing your Bitcoin online through an exchange then for your information your Bitcoins are always vulnerable to many security breaches like your Bitcoin exchange may get hacked (like NiceHash, a prominent Bitcoin exchange, got hacked and more than $ 64m had been stolen - Source) and you can lose your Bitcoins.

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

The study was released in an effort to bring more transparency to the country's cryptocurrency space in light of the recent exchange hack of Coincheck, where $ 530 million worth of cryptocurrency was stolen by hackers.

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.

The evidence was murky: more than 1,000 e-mails and documents exchanged by leading climate scientists, which had been hacked from their computers.

It's also possible for obscure exchanges to claim a hack and vanish altogether, though international regulators are seeking to put more accountability in place.

Since then, Fortune has spoken with more than a dozen victims, including tech CEOs and well - known blockchain proponents, whose Coinbase accounts have been targeted and hacked in almost exactly the same fashion; still more have been attacked on other exchanges.

There's little doubt that more crypto exchange hacks will be attempted in the future.

In an update from the Bitcoin exchange BTC - e, they wrote that hacking attempts on their exchange has increased recently, becoming more frequent.

Read more in: Politics, Legal & Regulation Tagged cybersecurity, hack, jay clayton, sec, securities and exchange commission

An example in the pitch deck illustrates the fund's skill in «Bitcoin crisis investing,» a Buffett - like concept of investing when others are fearful: When Bitfinex, a major cryptocurrency exchange, was hacked last summer, the price of Bitcoin swiftly plunged more than 20 % to under $ 550, and MetaStable took the opportunity to double its Bitcoin position within the next few hours.

There have been more than 40 hacks in the last years; every third exchange has got hacked according to different sources.

More recently, South Korean cryptocurrency exchange Youbit last month shut down and filed for bankruptcy after being hacked twice last year.

What may also be keeping crypto markets relatively more propped up today than they were following the Mt. Gox hack is the fact that there are more players in the market today, with Coincheck being just one of many exchanges, and NEM being only one of many cryptocurrencies.

The Coincheck exchange hack sent shockwaves through the crypto community, and analyst Nicholas Colas says to expect more such hacks in the future.

«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.

Two high - profile hacks aside, Bitfinex offers more security protections for the user and takes more security precautions than most exchanges.

Japan's Financial Services Agency (FSA) has ordered the suspension of two more cryptocurrency exchanges and sent a business improvement notice to another, following a series of inspections after the January hack of around $ 534 mln in NEM from Japanese crypto exchange Coincheck, local news outlet Nikkei Asian Review reports today, April 6.

This past July, more than 3 years after the initial incident, the police arrested the leader of BTC - e exchange in connection with money laundering activities connected to the infamous Mt Gox hack.

After all, there are so many exchanges out there in an industry that is notorious for hacks and fly - by - night operations that you're often better off sticking to the better, more reputable platforms.

The aftermath of the January 26 hack of more than $ 500 mln worth of NEM from Japanese crypto exchange Coincheck has led to a regulatory re-examination of Japan's crypto industry, so far culminating in the $ 33.5 mln sale of the hacked exchange to Japanese financial services provider Monex Group.

There have been instances of exchanges being hacked or going down during times of extreme trading, so keeping your cryptocurrency in a more secure wallet — possibly even in «cold storage» — is a good practice for serious traders.

The aftermath of the January 26 hack of more than $ 500 mln worth of NEM from Japanese crypto exchange Coincheck has led to a regulatory re-examination of Japan's crypto industry, so far culminating in the...

In the past eight years, more than a third of all cryptocurrency exchanges have been hacked The total losses exceed US$ 1 billion.

National Bank of Australia (NAB) has taken a more cautionary tone, with a representative stating that «[the Australian Securities and Investments Commission] 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.»

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.

Coincheck's plan for reimbursements comes amid a wider effort by the FSA to more closely scrutinize cryptocurrency exchanges in Japan to bring about improved services and security following the hack.

The United States authorities accuse Vinnik of laundering more than $ 4bn in bitcoin, including funds obtained from the hack of the failed Japanese bitcoin exchange Mt. Gox.

The cryptocurrency exchange and mining marketplace NiceHash reported on Dec. 7 that it had been hacked, with more than $ 60 million in bitcoin — NiceHash's entire bitcoin «wallet,» or holdings — stolen.

In fact, losing money due to hacks or operational issues on exchanges is a much more common occurrence for crypto investors than people may think.

Tokyo - based Coincheck Cryptocurrency Exchange Hacked and stolen more than $ 500 Million Worth NEM cryptocurrency by unknown hackers and it...

Funds stored on centralized exchanges are stored in wallets owned by the company, making funds more susceptible to hacks.

Last month Japanese cryptocurrency exchange Coincheck announced it would have to pay back more than # 300m to customers after their system was hacked, affecting 260,000 customers.

This sloppiness has cost the exchange quite heavily as the reported loss is much more than what was made during the Mt. Gox collapse due to hacking.

Added to this, resources spent on «communication» could potentially detract from efforts to make the crypto - industry more robust and secure as a whole, as was admitted by executives in the case of an exchange Coincheck, which suffered a USD 400 million hack last month.

This happened many time, some of these exchanges shut down its website calling it's been hacked but in reality, the actual team behind it ran away, stealing more than million dollar worth of cryptocurrencies.

In the aftermath of the hack, Japan's Financial Services Agency carried out on - site inspections of 15 unregistered crypto exchanges in the country, eventually sending business improvement notices to 7 and temporarily halting operations at 2 more.

Thus, decentralized exchanges are thought to be more difficult to hack.

Another exchange is hacked, more posturing comes from Regulators, and SegWit and Bitcoin Cash hype replaced by the pending new breakout Bull of Bitcoin as it pushes on to $ 5000.

And we haven't even gotten into all the other aspects of cryptocurrencies that only make it more unpredictable, like how the cryptocurrency exchanges work (the biggest exchange was hacked in 2014 and led to a massive wipeout of value), with some accepting different coins when assets split, and others being banned in certain countries.

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.

Personal data of more than 30,000 users of the crypto exchange had been stolen in the hack.