Outwitting crypto criminals: Why exchanges have to go the extra mile
The decentralized industry has to spend additional resources to raise its standards and implement cybersecurity best practices. Crypto criminals are getting more adaptive and smarter than ever before. But how can industry service providers keep up with them? If I say that the crypto industry is highly targeted by cybercriminals and, in particular, organized criminals, I’m sure that no one who has spent a few months within the space would be surprised. And for a valid reason.Due to the new technology and the nascent nature of the sector, criminals and fraudsters have long identified the....
Related News
Do Kwon, the disgraced crypto prodigy who co-founded Terraform Labs, might soon face a vigilante brand of justice as a desperate investor has decided to put matters into his own hands and go the extra mile just to find him and seek retribution. As the South Korean national continues with his Houdini act to evade […]
Bitcoins are becoming a strong contender in the last mile finance space. I would like to begin this article with this brave claim. And prove along the article, as to why this is true. The Chief Information Officer of Western Union, Mr. John Thomson recently expressed his opinion on Bitcoins, on the Internet. Here is an important quote. "Bitcoin as a technology doesn't solve any problems for us in the core of our business. Our challenge is the last mile. How do I get that money in the person's hand, and meet all the regulatory compliance needs in that country? So, I don't really need it for....
It seems like there's no shortage of bitcoin exchanges out there. But how can you really know which one to trust? One of the ways is to follow their announcements. If they're ordinarily quiet (see Mt. Gox) you might have something to worry about. If they, on the other hand, are vocal about their operations, that's another story altogether. Enter Vault of Satoshi. I've been following this exchange for some time now, and I personally like what they're doing. The Canada-based exchange announced today the full acquisition of their money service business license in the country (this is similar....
The exchange said it must now ask users for extra information such as the purpose of bitcoin purchases.
Mumbai-based crypto unicorn, CoinDCX, has become a member of the Advertising Standards Council of India, a non-governmental self-regulatory organization. Mumbai-based crypto exchange CoinDCX has reportedly joined the Advertising Standards Council of India (ASCI).In what seems like a response to Delhi Hight Court’s notice regarding ad disclaimers from crypto exchanges, CoinDCX intends to use this partnership to improve advertising transparency and stay off the radar of the Indian regulators. ASCI is a non-governmental self-regulatory organization that claims to favor consumer interests and....