Binance hacked in a coordinated attack: $40 million stolen
Binance has been hacked in a coordinated attack. It resulted in $40 million worth of Bitcoin stolen. The famous crypto-exchange suffered a major security breach for the first time making a lot of noise and lifting quite an important controversy. It recently confirmed that it suffered a large scale hack in which 7,000 BTC ( ̴ $40 million and...
There is no more illegal activity in Bitcoin than in cash.
Some had doubts about it, others were more suspicious on this topic, but eventually, it is official. A former US federal prosecutor announced this summer during the international Money 20/20 conference taking place in the Netherlands: "many more crimes" were perpetrated via the use of fiat currencies and not with cryptocurrencies. This former District Attorney for Western Pennsylvania, elected by the Senate...
KYC: 68% of exchanges do not meet standards
Previously cited in the article LexisNexis & Blockbid Partnership, KYC and AML formalities are in the line of sight of international regulators. However, it appears that only 32% of cryptos exchanges meet the guidelines. This is a study of the company P.A.I.D in partnership with Mitek, a technology provider for identity verification, which advances this low ratio. The obligatory KYC...
Iran: in the footsteps of the Venezuelan Petro
Penalties, hardening and bilateral relations between the United States and Iran have been steadily worsening over the last two years. The economic sanctions now weighing on the country of Hassan Rouhani could, in addition, have a negative impact on the economy of this country - OPEC's second largest oil producer - slowing global growth. Nevertheless, this diplomatic failure allows a...
Russia: “Cryptoassets are not a threat to financial stability”
President of Russia's Central Bank doesn't want to call cryptocurrencies by their names. Elvira Nabiullina prefers the nickname "Cryptos-Things". Last month, Elvira Nabiullina was at the recent annual international economic forum in St. Petersburg when she used this new wording. The report released on May 30 supports the statement that the volume of transactions is very small. So small...
Stellar Lumens (XLM) Explained – How does it work?
This educational article on Stellar Lumens (XLM) covers the below topics: What is Stellar Lumens, the decentralized protocol for payment network Lumens Supply MetricsStellar Lumens Key Metrics Stellar Github Key FiguresHow to use Stellar Lumens Stellar Lumens: a flash in the pan or a good investment?Article Resources What is Stellar Lumens, the decentralized protocol for payment network Lumens are the cryptocurrency that runs on...
What is Kusama? A Review and Short Analysis
Kusama core mission is to test the interoperability and scalability of functionalities and to organize these solutions into a network of parachains -or parallel chains.
Ethereum: Googled More Than X 110 Million
Given the impact of Ethereum on the evolution of blockchain since its creation in 2015, it is difficult to imagine today what it would look like this and most cryptocurrency without the invention of Buterin. Ethereum X Google The term "Ethereum" has appeared in more than 110 million Google searches over the last two years, according to ConsenSys, a US company...
South Korea: Bitcoin classified as a financial asset
After Russia last summer and Ukraine last October, it is now the turn for South Korea to qualify Bitcoin as a financial asset. South Korea and Bitcoin, a tumultuous love story. At the beginning of the year, a wave of panic had blown not only on the crypto community but more especially cryptocurrencies' price. Also called 'The Bitcoin Country', South Korea...