WEX and BTC-e exchanges Linked with Ransomware

PricewaterhouseCoopers (PwC) the accountancy group has issued a special report that connects Iranian citizens responsible for the now infamous SamSam ransomware to WEX cryptocurrency exchange (formerly known as BTC-e). The report has laid allegation that the SamSam creators Faramarz Shahi Savandi and Mohammad Mehdi Shah Mansouri utilized WEX exchange in …

JP Morgan HDFC Closing Crypto Company Accounts

Traditional financial institutions have frequently clashed with the decentralized currencies. The large companies that are responsible for controlling the financial landscape through deposits and withdrawals often see cryptocurrencies as ‘disruptors’ of the industry. They are often shown a cold shoulder and denied banking services. According to a recent report that …

Recent Report Reveals QuadrigaCX’s Stored ETH Funds

A recently published report by crypto research and consulting platform, ZeroNonCense, revealed that the crypto exchange, QuadrigaCX, stored a significant amount of ethereum (ETH) in other crypto exchanges. The claim was confirmed on obtaining corroborating details from Kraken CEO Jesse Powell and MyCrypto CEO Taylor Monahan. The author of the …

FATF Publishes Crypto Guidelines
Cryptocurrency News

FATF Publishes Crypto Guidelines

The Financial Action Task Force (FATF) recently released their preliminary guidelines for cryptocurrencies in an attempt to review its cryptocurrency standard. The FATF was founded in 1989, it acts as an intergovernmental organization that was created to develop policies against money laundering. It’s objective is to “set standards and promote …

Bitcoin Profits Help Couple to Build The First Ever “Seastead”

For people unaware of the seastead, it’s a house that floats on water, enabling its inhabitants to live in international oceans and outside of the laws of any nation. An early Bitcoin investor has built the first “seastead” courtesy of his BTC profits. It was supposed to launch on the …

Turkey Has The Largest Number of Crypto Users In Europe
Cryptocurrency News

Turkey Has The Largest Number of Crypto Users In Europe

Meltem Demirors, Chief Strategy Officer, CoinShares recently published a chart that clearly shows that Turkey has the largest number of cryptocurrency users in Europe. As per the conducted survey, it was found that 18% of the Turkish population holds digital currencies. As per the survey, a mere 9% of the …

Coinhive Shutting Down
Cryptocurrency News

Coinhive Shutting Down

Coinhive, the service that gained popularity being the most sought after way to secretly mine cryptocurrency is shutting down this month. This news was revealed through a blog post this past Tuesday. The post said that the in-browser Monero miner will discontinue its services on March 8th. There have been …

Russia To Adopt Crypto Regulations Under Putin's Administration
Crypto Regulations

Russia To Adopt Crypto Regulations Under Putin’s Administration

Vladimir Putin has instructed his country’s government to adopt federal laws regarding cryptocurrencies by July this year. Previously, Russia included cryptocurrencies in their broad definition of “digital financial assets.” Putin Demands Clear Crypto Laws In Russia According, to a document published on the Kremlin Website on Wednesday, Putin has approved …

Crypto Wallet Found Stealing Passwords
Crypto Hack

Crypto Wallet Found Stealing Passwords

It was recently discovered that the Coinomi wallet app is sending user passwords to Google’s spellcheck service in the form of clear text. This exposed users’ confidential information and account credentials, compromising their funds through a method known as man-in-the-middle (MitM) attacks. It can be misused by emptying funds from …

Cryptopia Endures Significant Losses Due To A Massive Hack
Crypto Hack

Cryptopia Endures Significant Losses Due To A Massive Hack

New Zealand based cryptocurrency exchange, Cryptopia, recently published multiple tweets about the losses endured as a result of the hacking attack occurred in January this year. It read, “We have calculated that worst case 9.4 percent of our total holdings was stolen.” Protection Of User Wallets Cryptopia, a crypto exchange …

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