Cryptopia Lost Almost a Tenth of Its Assets in January Hack

New Zealand cryptocurrency exchange Cryptopia has published a series of tweets detailing the extent of the losses it suffered during an attack by hackers in January. It said: “We have calculated that worst case 9.4 percent of our total holdings was stolen.” Also read: 125-Year Old Swiss Bank Julius Baer Enters Cryptocurrency Market ‘Securing Individual Wallets’ The Christchurch-based exchange explained that it is “continuing to assess the impact incurred as a result of the hack,” but did not provide the value of the heist in dollar terms. Since Jan. 15,…

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Platform for Crypto Payments to Bank Accounts Launching in the UK

A company based in London has announced it’s launching a payment service that can help increase the mainstream adoption of cryptocurrencies. It allows users to send or spend digital coins which are converted and then transferred in the form of fiat money to the recipient’s bank account. Also read: ‘Bitcoin to the Moon’ Signs Appear on Ukrainian Tram Aave Pay Supports 12 Cryptocurrencies Aave Pay is an online platform that can be employed to pay with cryptocurrencies where regular bank transfers are accepted. Users will also be able to send…

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Did Ripple Pay Coinbase to Break Its Own Policy and List XRP?

As XRP trading went fully live on Coinbase Pro, a new report outlines that the cryptocurrency exchange has violated its very own listing framework.  Coinbase Breaching Its Own Rules XRP trading went live on Coinbase Pro on February 25th. Formerly known as GDAX, the platform provides traders with more advanced features compared to the regular one known as just Coinbase. Naturally, the price of XRP 00 surged following the announcement, gaining over 10 percent on the news. A new report by Diar, however, points out that Coinbase Pro has breached its very own…

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Crypto Exchange Circle Partners With Financial Surveillance Provider Nice Actimize

On Feb. 27, Boston-based cryptocurrency finance firm Circle announced a partnership with Nice Actimize financial crime detection and prevention technologies unit. Circle follows other large cryptocurrency exchanges that have opted to add a compliance and surveillance solution. Also read: Bitcoin Whales Have Accumulated Thousands of Coins in the Last 2 Months Goldman Sachs-Backed Crypto Exchange Partners With Compliance and Surveillance Unit Circle believes there is a need for regulation in the crypto market ecosystem so the Goldman Sachs-backed firm has decided to partner with a compliance and surveillance entity called…

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London Stock Exchange Leads $20M Investment Into Blockchain Startup

The London Stock Exchange Group (LSEG) has reportedly led a $20 million investment round in a fintech startup called Nivaura, which is behind the issuance of the first automated cryptocurrency-denominated bond.  London Stock Exchange Invests in Tokenization Startup The LSEG has led an investment round worth $20 million in the startup Nivaura, Reuters reports. The stock exchange has paid an undisclosed amount to acquire a minority stake in the startup. Other investors in the round include Santander InnoVentures which is Banco Santander’s venture capital arm. Nivaura is the company behind the…

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Venezuela Gets $1M Bitcoin Aid Project As Trading Records Continue

A new project by cryptocurrency wallet platform AirTM and artist cryptograffiti is aiming to raise $1 million in aid for Venezuelans via an interactive Bitcoin installation. Airdrop Venezuela To Give Away $1 Million Airdrop Venezuela, which is underway in the Columbian town of Cúcuta, is leveraging the Bitcoin blockchain to allow direct financial aid to Venezuelans from abroad. The partnership has created a wall mural of incumbent president Nicolas Maduro, composed of banknotes of Venezuela’s inflation-stricken currency the Sovereign Bolivar (VES). Participants send a donation to a Bitcoin address, whereupon…

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Wirex Introduces Global Crypto Accounts for Businesses

With the beta launch of crypto and fiat-enabled business accounts, crypto payments platform Wirex has taken a major step toward mainstream business acceptance. Using a cryptocurrency business account will eliminate the need to convert to fiat unnecessarily during inter-company fund transfers, validate crypto businesses in the wider marketplace, and offer some of the benefits traditional bank accounts provide business users. Also read: Switzerland Shows the Way: Bank First to Offer Crypto Business Accounts European Beta of Crypto Business Accounts For the duration of the desktop-only beta, the first round of…

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Coinomi Wallet Transmits Plain-Text Seed Phrase…For Spellchecking!

Bitcoin software (and hardware) wallets are open to a bewildering array of attack vectors, because… well, money. Hackers will always be trying to exploit vulnerabilities or find back-doors. But Coinomi wallet apparently made things a bit too easy, by sending a plain-text seed to Google API for spellchecking. How Do You Spell ‘Cleaned Out’? The bug came to light after a user noticed $60k-70k of cryptocurrency had disappeared after installing the wallet. The user had entered the passphrase for another wallet into the restore field, to move some unsupported assets. A…

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Top Business School in India to Offer Advanced Blockchain Program for Professionals

A top business school in India is set to offer an advanced blockchain program for professionals. It marks the latest case of global academic institutions trying to answer the demand from students and industry for more education on crypto assets. Also Read: University of Michigan Endowment Backs Crypto VC Fund Indian Institute of Management Calcutta to Teach Crypto The Indian Institute of Management Calcutta (IIM Calcutta), a top ranked public business school in Kolkata, West Bengal, plans to start a new cryptocurrency-related education program in May 2019. The Advanced Programme…

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Wyoming Signs 4 New Blockchain-Friendly Bills

Lawmakers just signed four new blockchain bills in Wyoming, steaming ahead as the most blockchain-friendly state in the U.S. Let’s be honest. Most people outside of the U.S. have never heard of Wyoming. Yet, the home of the famed Yellowstone National Park, steep canyons, and gushing geysers is firmly on the cryptocurrency community’s radar. It started about a year ago, with blockchain friendly bills. But things really kicked off in earnest ever since governer Mark Gordon praised the local blockchain industry during his inauguration speech. Wyoming resoundingly voted to pass…

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