Almost a month ago, a correlation was revealed between Bitcoin's January price crash and the huge sale of assets by Mt. Gox. This has led many to blame the recent crash solely on the bankrupt exchange. Since this has happened, traders have been worried for the future of cryptocurrency as a whole. Around $18,000 worth of Bitcoin and Bitcoin Cash was sold by the Mt. Gox account, … [Read more...] about Just How Powerful is Mt. Gox? Three Experts Discuss
Hacks and Cybersecurity
Mt.Gox and Coincheck - two infamous Japanese exchanges that were infamously hacked for hundreds of millions of dollars. Despite the thefts, Japan hasn’t stepped down from its take on cryptocurrencies and takes pride in its thriving cryptocurrency market.Japan, a country that is quick to adopt technology and was amongst the first to legalize Bitcoin, is unfazed after two … [Read more...] about Despite Multiple Thefts, Japan Positive on Cryptocurrencies
Hacks of cryptocurrency exchanges seem to occur with alarming frequency and ultimately many of them close down with investors left counting their losses. It’s ironic that the funds of a decentralized ledger like the Bitcoin blockchain are left so exposed on centralized exchanges. Until decentralized exchanges become more popular with traders, we should expect the hacks to … [Read more...] about 3 Major Hacks That Rocked Crypto
This is a follow up to the article on the Binance exchange API "hack" based on what we now know.Binance was quick to stress their exchange was not hacked, but to be honest, you would expect that to be their first reaction, to prevent a meltdown. I use the term "hack" as a very general term for any nefarious computer activities, which on this occasion appears to be a very … [Read more...] about Is Google To Blame For The Binance Exchange API “Hack”?
For several hours on March 7, 2018, the crypto world was rocked with what appeared to be yet another cryptocurrency exchange hack. Social media networks like Twitter and Reddit were awash with angry Binance account holders proclaiming that their coins were being sold off without their consent.So, was the Binance exchange hacked and would it be added to the growing number of … [Read more...] about Why You Never Leave Your Main Stash Of Crypto On An Exchange