Germany's largest insurance company Allianz is developing an electronic payment system based on digital currency for instant cross-border insurance transfers, Forbes reports. It is known that the cost of the token will be pegged to the US dollar in a ratio of 1: 1. Allianz Global Corporate & Specialty (AGCS), which has already developed and tested the underlying infrastructure, is creating the system. The next step in the company called testing […]
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One of the support managers of the Kuna cryptocurrency exchange was the victim of a phishing attack. As a result, all the money was stolen from his personal accounts on the Binance and Hotbit exchanges, as well as personal correspondence on Telegram was merged. This was announced by the founder of the Kuna exchange, Mikhail Chobanyan. According to him, hackers have developed a clear vector of attack on cryptocurrency projects. “Just a couple of days ago […]
The Financial Anti-Money Laundering Measures Development Group (FATF) will create a system for collecting and exchanging personal data of cryptocurrency transactions to prevent money laundering, terrorist financing and other illegal activities. It is reported by Nikkei Asian Review. Detailed accounting criteria are planned to be developed by next year, and the system will be launched in the next few years. ABOUT […]
Grayscale Investments has published a case study that describes the possibilities of using bitcoin as a hedging instrument in the face of financial instability, largely due to the trade war between the US and China. In particular, the authors point to the significant potential of BTC as a means of preserving value and a payment instrument that can fully manifest itself against the backdrop of the usual cyclical fluctuations […]
Coinbase, the largest US cryptocurrency company, reported a “sophisticated, targeted, well-designed attack” that could allow hackers to gain access to its systems and funds for billions of dollars. In mid-June, a sophisticated attack leveraging two Firefox 0-day vulnerabilities, spear phishing, and social engineering targeted our employees. Coinbase Security detected and blocked the attack. We talk about how it […]
Contentos, a platform for the distribution and monetization of content, intends to actively develop the project in Russia, South Korea, Brazil and Vietnam, which will be facilitated by the recent listing on Binance. This was stated by Contentos CEO Mick Tsai. Tsai called the launch of Binance an important milestone for the platform. Note that trading in pairs COS / USDT, COS / BNB and COS / BTC started on the exchange on August 3. […]
Amazon, an online retailer, posted a job as a software developer on LinkedIn, which, among other things, was supposed to do “work on the blockchain.” Later, the company was forced to remove the mention of blockchain from the text of the vacancy due to media hype. So, according to the initial description of the vacancy, the new employee was supposed to join the fintech team in the field of advertising, engaged in “work on the blockchain registry, billing and reconciliation system […]
Blockstream, a leading provider of bitcoin and blockchain solutions, announced the opening of two large centers for cryptocurrency mining. Today we're excited to reveal Blockstream Mining and Pool, providing enterprise-class mining equipment colocation in our US & Canada data centers, and the first-ever #BetterHash mining pool for a stronger, more decentralized #Bitcoin network. ?⛏️⛓️ https://t.co/sMVTTJNNep pic.twitter.com/EeQwuqyrB9 – Blockstream […]
At least 4,836 BTCs stolen from the Binance bitcoin exchange were washed through the Chipmixer bitcoin mixer, according to a report by Clain, the supplier of KYC / AML solutions for the cryptocurrency industry. Binance Hack 2019 – A Deep Dive Into Money Laundering And Mixing. https://t.co/WydBPVNqp2 – clain (@clain_io) August 7, 2019 So, hackers began to launder funds on June 12 – a month after the sensational hack, in […]
North Carolina congressman Ted Budd re-introduced the Virtual Value Tax Fix Act bill to the House Committee on Budget, which proposed removing cryptocurrency transactions from double taxation. The relevant document is posted on the website of the US Congress. So, Budd believes that the Internal Revenue Code (1986) needs to be amended according to which digital currencies […]