Dutch Crypto Exchange Adds Extra Verification Measures Citing ‘Disproportionate’ Central Bank Requirements
The exchange said it must now ask users for extra information such as the purpose of bitcoin purchases. Source
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Measures
New York polls crypto firms on security measures after Twitter hack
The New York Department of Financial Services, or NYDFS, has released a lengthy report analyzing the impact of July’s high-profile Twitter hack, which resulted in the theft of over $118,000 worth of Bitcoin (BTC). Far beyond the immediate material impact, the NYDFS states that the incident exposed deep cybersecurity weaknesses of a publicly-traded
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Huobi Global Announces Measures to Strengthen Its Presence in Russia
As part of its Russian expansion plans, Seychelles-based exchange Huobi Global appointed Vladimir Demin as the company’s chief advisor. His main role will be to help develop the company’s market in the region.According to the announcement, he had previously served as partner and CEO of Huobi Russia.Demin believes that market
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Twitter Promises Additional Security Measures
Twitter vows to add more security training and measures as the fallout from Wednesday’s wide-scale hack on the social platform continues. Twitter said in a statement that it is continuing its investigation into the hack while it looks to provide more company-wide security training against social engineering tactics. This will be
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Blockchain ID Solution Aims to Tackle Spike in Delivery Fraud Amid Coronavirus Measures
Nuggets, a digital identity and payments platform, has developed a way to accept deliveries without needing a physical signature to combat a spike in fraud and chargebacks during the COVID-19 pandemic. Using biometrically verified contactless delivery technology secured with blockchain technology, the London-based firm wants to equip consumers with the means
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MakerDAO Takes New Measures to Prevent Another ‘Black Swan’ Collapse
The decentralized finance lending market Maker, like many crypto participants, suffered losses during the price collapse of “Black Thursday” on March 12. The price of Ether (ETH) declined by about 50% within 24 hours, triggering a zero-bid attack as the Maker system became swamped with a huge volume of liquidations.In
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Anti-51% Attack Measures Always Imply Centralization
Bitcoin Core developer Greg Maxwell has criticized the “attractive mystery” that fear of a 51% attack on Bitcoin (BTC) entails, arguing that it betrays a fundamental lack of understanding about the cryptocurrency.In a Reddit post published on Oct. 5, Maxwell argued that any mechanism cooked up to mitigate the
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