Cryptocurrency Startups Are Hackers’ New Favorite
Hackers are increasingly targeting cryptocurrency startups running on specific blockchains. Cryptocurrency platforms have been the hackers’ favorite. Bitcoin exchanges and trading platforms figure on top of their list. Hacking incidents including the latest Bitfinex hack stands proof of that. But with established Bitcoin platforms opting for high-security standards, hackers are now settling for the next best thing, cryptocurrency startups. A recent report published by BBC describes a security incident faced by one of the small Florida-based digital currency startups to prove the point. The....
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The number of fintech and cryptocurrency startups in Israel have increased in the past few years, strengthing the country's position in the sector. Israel has been one of the fastest growing startup hubs for a while, now the country is also making a place for itself in the financial technology map. The majority of startups in the Israeli startup ecosystem are now focused on fintech and blockchain technology. According to reports, the number of startups in the fintech sector has increased fourfold from 90 to 430 within a span of 7 years. The cryptocurrency industry has already seen a....
Cryptocurrency users are finding a growing need for quality virtual private networks (VPNs) to buy and sell their digital assets, as hackers’ eyes follow blockchains and present some danger. This article highlights how to buy seamless, cheap, and highly private VPNs using virtual assets including Bitcoin (BTC), Ethereum (ETH), and Monero (XMR). The world is […]
New York has started implementing its BitLicense recently, much to the dismay of bitcoin startups that are unable to come up with enough funds to obtain licenses for its products. In fact, Poloniex, a NY-based bitcoin exchange, recently decided to move its operations elsewhere due to the limitations imposed by the regulatory framework. BitLicense was drafted and put in force by the New York Department of Financial Services under the leadership of former head Benjamin Lawsky. After its implementation, Lawsky then resigned from his post to form a consultancy group. BitLicense and Bitcoin....
A U.K. judge has reportedly ordered cryptocurrency exchange Binance to identify hackers and freeze their accounts after one of its users claimed to be the victim of a $2.6 million hack. Binance Ordered to Help Recover Funds Allegedly Stolen in a Hack A London high court has ordered global cryptocurrency exchange Binance to identify hackers and freeze their accounts after one of its users, Fetch.ai, claimed to be the victim of a $2.6 million hack, Reuters reported Friday. The judge granted requests by the artificial intelligence (AI) company for Binance to identify the hackers as well as....