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KuCoin Loses $150 Million Due to Security Breach But Compensation to Follow

KuCoin Loses $150 Million Due to Security Breach But Compensation to Follow

KuCoin, a Singapore-based crypto exchange, has disclosed the suspicious withdrawal of large amounts of Bitcoin, ERC-20, and Ether.

Facebook’s Calibra Aims to Create 50 New Jobs in Dublin To Scale Up Its Libra Project

Facebook’s Calibra Aims to Create 50 New Jobs in Dublin To Scale Up Its Libra Project

Social media giant Facebook is seeking to create 50 jobs for its payment subsidiary Calibra. The new hires, which are targeted to begin work at Dublin office, Ireland by the end of 2020, will be responsible for creating a wallet for sending and storing Libra. Calibra was formed in 2019 to develop a digital wallet for the Libra payment team.

Congress Members “Express Concern” Over Treasury’s Potential Crypto Wallet Regulations

Congress Members “Express Concern” Over Treasury’s Potential Crypto Wallet Regulations

Four members of Congress have expressed concerns in a letter to the US Treasury Secretary Steven Mnuchin, over their rumored self-hosted crypto wallet regulation ban.

Malaysian Authorities to Extend Crypto Regulations to Wallet Providers

Malaysian Authorities to Extend Crypto Regulations to Wallet Providers

The Malaysian Securities Commission plans to extend crypto regulations to wallet providers in the country owing to their importance in the cryptocurrency ecosystem.

Major China Bank Disables Digital Yuan Wallet Registration After Launch Draws Intense Public Attention

Major China Bank Disables Digital Yuan Wallet Registration After Launch Draws Intense Public Attention

China Construction Bank (CCB) opened registration service for the DCEP wallet via its mobile app but disabled the new feature shortly after.

Ledger Hacker Dumps Hardware Wallet Users’ Personal Info on Public Server

Ledger Hacker Dumps Hardware Wallet Users’ Personal Info on Public Server

Ledger, the leading cold wallet manufacturing company, appears to be reaping the consequences of an earlier hack that compromised its clientele base.

KPMG Advocates for Institutional Custody as Estimated $9.8 Billion of Crypto Stolen Due to Lack of Security

KPMG Advocates for Institutional Custody as Estimated $9.8 Billion of Crypto Stolen Due to Lack of Security

One of the big four accounting firms, KPMG estimated that at least $9.8 billion in cryptocurrencies have been stolen by hackers since 2017 due to security issues or poorly written code. According to the KPMG report, the cryptocurrency market will need to see huge improvements for the $245 billion industry to keep growing.

Hacked Crypto Exchange KuCoin Back In Business With Crypto Deposit and Withdrawals

Hacked Crypto Exchange KuCoin Back In Business With Crypto Deposit and Withdrawals

Following the hack of its platform resulting in a reported loss of over $150 million, KuCoin exchange is back in business after completing some wallet upgrades

IOTA’s Next Generation Wallet—Firefly: What New Features to Expect

IOTA’s Next Generation Wallet—Firefly: What New Features to Expect

Firefly, the new wallet comes with a range of improvements that will transform IOTA into an enterprise-ready protocol.

Xpring Invests in Towo Labs To Develop Software for XRP Hardware Wallet

Xpring Invests in Towo Labs To Develop Software for XRP Hardware Wallet

Xpring, Ripple’s investment arm and tech incubator announced in a recent report that it has invested in Towo Labs, a Swedish cryptocurrency self-custody startup, to develop a software that will support XRP on a hardware wallet.

Coinbase Wallet Takes a Step Further by Letting Users Earn Interest with New DeFi Integration

Coinbase Wallet Takes a Step Further by Letting Users Earn Interest with New DeFi Integration

Coinbase’s mobile app Coinbase Wallet has previously enabled the access of decentralized applications, Dapps, the crypto giant has taken one step further in the decentralized world. Coinbase has recently announced that the integration of decentralized finance (DeFi) applications will be made available directly via the Coinbase Wallet on both iOS and Android.

Maiar Wallet Makes Sending Money as Easy as Sending a Text

Maiar Wallet Makes Sending Money as Easy as Sending a Text

Maiar Wallet, a decentralized, non-custodial, low fee, multi-currency digital wallet built on the Elrond blockchain to empower everyday users.

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