Sentences with phrase «user funds»

It's also one of the most secure, given the comprehensive range of safety measures the exchange takes, such as keeping the vast majority of user funds in offline wallets.

Data breaches and successful hacks are not the only concerns in the cryptocurrency industry, however, with some threat actors embracing new variants of malware to steal user funds and compromise wallets.

As bitcoin started to gain mainstream adoption in early 2013, major cryptocurrency exchanges implemented advanced security measures to protect user funds.

With dozens of stories coming out in recent weeks about exchanges getting hacked or losing user funds, many are looking for another place to trade their coins.

This happens because they are the main access point for trading and often handle user funds or keep funds in reserve.

If it comes to that, he emphasized, the company would return users their funds.

A few have even closed accounts or frozen user funds.

We are never exposed to, or in control of user funds.

Lopp went on to explain that BitGo has based its business around being non-custodial because it means it doesn't have to deal with all of the regulatory issues associated with holding user funds.

«There is a significant possibility that the planned hard fork will result in two bitcoin blockchains,» a post from bitcoin wallet provider Blockchain reads, outlining further how it will deal with user funds in the event of a split.

Also read: «Not - So - Decentralized» Ripple Freezes $ 1m in User Funds Netki: Removing

If the exchange had implemented the multi-signature technology or stored user funds in cold wallets, it could have completely avoided the massive loss.

The Uphold support for BAT will help Brave users fund their wallets via a variety of currencies to contribute to sites.

Coinbase which runs a wallet as well as an exchange had been used by Paul Vernon to launder and steal millions of dollars worth of user funds over past few years.

The CEO of high - profile South Korean cryptocurrency exchange Coinnest has reportedly been arrested after siphoning user funds into his own account.

Adam James · April 5, 2018 · 7:00 pm The CEO of high - profile South Korean cryptocurrency exchange Coinnest has reportedly been arrested after siphoning user funds into his own account.

Glidera prides itself on its world - class security system that ensures users funds remain safe at all times.

It even provides the option of moving between «Basic» and «Advanced» trading screens, so that more experienced traders can benefit from having more information (such as user funds) contained on a single page.

An unknown amount of user funds on the ethereum network have been frozen due to a code issue with the Parity wallet software.

In light of recent events surrounding Segwit2x and the Bitcoin Cash (BCC) hard fork event, several exchange and bitcoin companies have decided to take precautions by halting trades, deposits, and withdrawals to ensure that user funds remain safe.

In terms of security, GexCrypto will implement a couple of additional protocols, including 2FA, advanced verification software, withdrawal protection and cold storage, meant to protect user funds from all possible security breaches.

XBrick also claims to partition cold wallets from hot wallets to provide added security for user funds.

Users fund artwork of all kinds on Kickstarter — from traditional paintings to more obscure items, like the 64 - foot wooden pyramid named «Temple of Whollyness» by Gregg Fleishman, which raised $ 76,381.

Per Nikkei's report, the closures won't occur until user funds have been withdrawn or otherwise returned.

Ethereum Chamber is stealing user account keys and taking user funds Walmart: Blockchain Food Tracking Test Results Are «Very Encouraging»

The Wall Street Journal reported the potential risk of bitcoin users funding terrorism with cryptocurrency may be exaggerated.

In addition, all crypto - exchanges must submit to the regulator a detailed plan for withdrawing user funds before 6 pm Beijing time on 20 September.

In TumbleBit, for example, the «bank» is unable to steal customer funds and does not know where user funds are being sent.

However, despite the exchange's partnership with multisig wallet protection service provider BitGo, the exchange suffered a major security breach which drained user funds out of hot wallets.

To hide the fact that this link forwards users to «MyEtherWallet.Bid,» a phishing site that has and will steal crypto users funds.

In addition to providing hierarchical deterministic (HD) and two - factor authentication features, Airbitz safeguards user funds and transaction data from third parties.

Shortly after the press conference, NEM representatives and its open - source development community firmly opposed the idea of conducting a hard fork to prevent user funds on a centralized cryptocurrency exchange from being recovered.

During a press conference covered by Cointelegraph, Coincheck executives stated that all of the funds were stored in a hot wallet or an online wallet, which left user funds vulnerable to the security breach.

Then, third - party wallet services MyBTGWallet and Electron Gold turned out to be scams, netting their creators» millions of dollars worth of ill - gotten user funds.

In the world of Bitcoin and digital currency, there seems to be a growing demand for peer - to - peer exchanges, rather than sticking with the traditional model of dealing with companies controlling user funds.

In addition to it, this exchange uses multi-stage wallet strategy to store 80 - 90 % of users funds offline.

We do not hold user funds.

Do keep in mind that Chip Chap does not store user funds, but the service makes it easier to exchange between digital payments and physical currency.

In the next phase of integration launching soon, the Uphold support for BAT will help Brave users fund their wallets via a variety of currencies to contribute to sites.

According to Marra's July 27 court order, Cryptsy CEO Paul Vernon — who has denied stealing user funds — «is liable to the Plaintiff Class in the principal sum of $ 8,200,000, for which let execution issue forthwith.»

The exchange also said it's working to put in place strong «replay protection» (aimed to stop bitcoin transacted on one blockchain being broadcast on the other) to protect user funds in the case of a hard fork.

The malware gave the hackers access to wallet.dat file allowing them to drain millions of dollars of user funds over time.

This reduces permit requirements, as well as the risk of losing user funds (since none are being held by the service itself.)

Orionx, knowing BancoEstado is shuttering its account, also ensured users their funds are «fully backed and there is no risk of insolvency.»

Ethen believes its decentralization allows users to avoid problems related to wallet security, with user funds protected from hacking, as a decentralized exchange has no access to them.

In contempt of the advancement in bitcoin security, many exchanges failed to remain on par with the trends in the market, which ultimately led to their demise and loss of hundreds of millions of dollars in user funds.