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Bitcoin Is Better Than Gold: Crypto Exchange Coinbase

Bitcoin Is Better Than Gold: Crypto Exchange Coinbase

On May 1, 2020, the world's leading cryptocurrency exchange Coinbase published an article on its blog claiming that Bitcoin is superior to gold. The crypt exchange had earlier published a similar article where they supported Bitcoin over Gold due to its ease to audit, anonymity, low transaction fee, and ease to be fragmented into smaller fractions.

CipherTrace Unveils Crypto Predictive Risk Model to Combat Suspicious Transactions in Wake of Twitter Scam

CipherTrace Unveils Crypto Predictive Risk Model to Combat Suspicious Transactions in Wake of Twitter Scam

CipherTrace, a cryptocurrency intelligence company, has introduced a predictive risk-scoring model to instantly avert money laundering of cryptocurrencies from ransomware attacks and theft.

New Zealand Police Froze $140 Million in Assets and Crypto From Alleged BTC-e Exchange Money-Launderer Alexander Vinnik

New Zealand Police Froze $140 Million in Assets and Crypto From Alleged BTC-e Exchange Money-Launderer Alexander Vinnik

New Zealand police said they have frozen $140 million linked to Russian crypto fraud suspect, Alexander Vinnik, alleged to have been the operator of the now-defunct BTC-e crypto exchange.

Canadian Tax Agency Asks Coinsquare Crypto Exchange to Hand Over Clients Personal Data

Canadian Tax Agency Asks Coinsquare Crypto Exchange to Hand Over Clients Personal Data

The Canada Revenue Agency has requested a judge of the Federal Court to force a crypto exchange to hand over information about all its customers.

Bitcoin Users Have Bigger Problems Than Recent Twitter Scam

Bitcoin Users Have Bigger Problems Than Recent Twitter Scam

The recent spate of Twitter scams appears to indicate that Bitcoin users will face even more sophisticated and devastating attacks in the future.

Several Cryptocurrency Firms Suffer Domain Cyber-Attacks Due to GoDaddy Employee Error

Several Cryptocurrency Firms Suffer Domain Cyber-Attacks Due to GoDaddy Employee Error

Malicious actors gained control of domains owned by several cryptocurrency firms after tricking GoDaddy employees.

Member of Dark Overlord Crypto Hacking Group Pleads Guilty to Ransom Attacks

Member of Dark Overlord Crypto Hacking Group Pleads Guilty to Ransom Attacks

UK national Nathan Wyatt was found guilty of multiple charges this week after extracting personal information from victims while demanding a Bitcoin ransom.

Ransomware Attacks Target English Football League, Data Withheld for $3.8 Million Bitcoin

Ransomware Attacks Target English Football League, Data Withheld for $3.8 Million Bitcoin

UK government report reveals cybercriminals are targeting English Football Clubs with ransomware attacks.

German Deutsche Borse Exchange Seeks to Launch New Bitcoin Exchange-Traded Product for Trading

German Deutsche Borse Exchange Seeks to Launch New Bitcoin Exchange-Traded Product for Trading

Bitcoin the world’s largest cryptocurrency is making another notable milestone in crypto history as it will be the first crypto asset listed as an exchange traded product (ETP). The company announced the exchange-traded product, popularly known as the Bitcoin exchange-traded crypto (BTCE) - is Bitcoin-backed security that would be listed and traded on Deutsche Borse’s Xetra market-based in Germany. ETP is a financial instrument whose value is based on the underlying security (such as currencies, bonds, and stocks) and is traded on stock exchanges.

17,000 Customers Claim Refund from Collapsed Canadian Crypto Exchange QuadrigaCX

17,000 Customers Claim Refund from Collapsed Canadian Crypto Exchange QuadrigaCX

Ernst & Young, the trustee of the now-bankrupt cryptocurrency exchange QuadrigaCX, published a report showing that almost 17,000 people have filed for the remaining assets of the crypto exchange. EY assumed control of the crypto exchange in February 2019 after QuadrigaCX filed for bankruptcy. Ernst & Young took over custody of QuadrigaCX’s assets following the alleged death of Gerald Cotton, the founder of QuadrigaCX, who held the private keys to the crypto holdings, in January 2019. The report indicates that as many as 16,959 people have claimed assets ranging from Litecoin, Bitcoin, Ethereum, Bitcoin Gold, Bitcoin SV, and Bitcoin cash, along with US dollars and Canadian dollars.

Line’s Singapore Crypto Exchange Relaunched as US-based Bitfront

Line’s Singapore Crypto Exchange Relaunched as US-based Bitfront

Line, the Japanese messaging service has closed its Singapore-based cryptocurrency exchange and relaunched the exchange service globally from a United States-based platform.

US Crypto Exchange Kraken Predicts Bitcoin Price Crash in September

US Crypto Exchange Kraken Predicts Bitcoin Price Crash in September

US-based crypto exchange Kraken predicts the Bitcoin price will crash in September followed by a return to extreme volatility.

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