Month: March 2018

The FBI’s Internet Crime Complaint Center (IC3) has published a public service announcement on March 28 warning about the prevalence of scammers posing as tech support for a variety of industries, including the cryptocurrency sector. The announcement defines tech support fraud as a “criminal claiming to provide customer, security, or technical support in an effort to defraud unwitting individuals,” and references the increasing frequency of this type of fraud leading to criminals“pos[ing] as government agents, even offering to recover supposed Read more …

Join our community of 10 000 traders on Hacked.com for just $39 per month. This week, a barrage of articles came out proclaiming bitcoin’s demise. They had titles like “Bitcoin Could Become Illegal Almost Everywhere, After Shocking Discovery in The Blockchain“, “Bitcoin’s (BTC) Story May Have Come To An End” and even “Child Abuse Content on Bitcoin Blockchain: Can Node Operators Be Prosecuted?“. The basic premise of these articles is as follows: A research report “A Quantitative Analysis of the Impact Read more …

GMO Internet, the operator of Japanese crypto exchange GMO Coin, has announced the establishment of a “Group Information Security Audit Office” in order to develop stronger security measures to protect customer information, according to a March 30 press release. GMO Coin was one of the crypto exchanges that was sent a business improvement order by Japan’s Financial Services Agency (FSA) after a series of on-site inspections prompted by the January hack of crypto exchange Coincheck. GMO Internet’s new group, run Read more …

Regulation The People’s Bank of China (PBOC)’s Institute of International Finance has released a report identifying cryptocurrencies as a top priority for 2018. The document claims that widespread retail investment into cryptocurrencies has the potential to pose systemic risk to the Yuan, and also emphasizes the PBOC’s intention to expand its research and development into cryptocurrencies. Also Read: FBI Warns of Crypto Scammers Posing as Exchange Support Staff  Strengthening of Virtual Currency Regulations Top Chinese Monetary Policy for Read more …

Join our community of 10 000 traders on Hacked.com for just $39 per month. Nigeria as a nation is popular for its peculiarity on how to interpret events, developments and innovations, especially when it has to do with technological disruptions. Often times, this popularity happens for the very wrong reasons, but in the long run, the dust usually settles and ideas take off with the correct solutions that they have to offer. The Dark Years of Cyber Fraud Between the Read more …

The crypto markets are seeing a slight upward trend Saturday, March 31, after hitting monthly lows this week, according to data from Coin360. Bitcoin (BTC) is above $7,000 again, trading for around $7,140 and up over 2 percent over a 24 hour period to press time. BTC saw a 24 hr low today of $6,623, and is currently trading 8 percent higher. Ethereum (ETH) is also in the green, up almost 3 percent over a 24 hour period and trading Read more …

Market Updates The market value of all cryptocurrencies within the digital asset economy has dropped significantly over the past few days. Since the last year’s all-time high, most cryptocurrencies have lost between 60-70% of those gains. While lots of coins are following suit in relative unison with BTC/USD market losses, some digital currencies have received more severe cuts in value. Also read: Bitkan CEO Discusses China, Bitcoin Cash, and the ‘K Site’ Bull Traps, Bear Runs, and Falling Read more …

It wasn’t long ago that your average enterprise wouldn’t even mention bitcoin, ethereum, or any number of cryptocurrencies in public. Instead of using the cryptographically secure tokens to streamline workflows – or even talking about doing so – some of the most recognizable enterprises in blockchain have largely confined themselves to uses of blockchain as a new decentralized database, absent any digital assets. Slowly however, over the past several years that has started to change. Executives at large corporations have Read more …

Featured The cryptocurrency exchange subsidiary of the Japanese internet giant GMO has detailed its plans to improve its operations. GMO Coin has submitted a business improvement report to the country’s financial regulator. GMO Internet has also set up an information security audit office for the entire group. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies GMO Strengthens Operations and Security GMO announced on Friday the establishment of its Group Information Security Audit Office “to Read more …

Millions of tickets are sold yearly for musiс fans to see artists of all calibers, from small venues to large arena concerts. However it is not physically possible for every fan to be able to see their favorite artist; the more popular they are, the more people miss out, as venues quickly reach capacity. Yet virtual reality company CEEK are looking to change this and tackle the issue of demand outstripping supply in live music. Viewing the concert through a Read more …