Kraken safest exchange

Respected cyber security company Group-IB analyzed the security of kryptomere and ranked the marketplaces.

Developer measures to protect against cyber attacks, the Russian company Group-IB has developed a policy evaluation of cryptocurrency exchanges, in terms of insurance risks and built the world’s first rating of their insurance security. First place at the Kraken, and OKEx, Huobi Pro and CoinCheck has proven to be more risky.

The results of Group-IB estimated only reflect insurance risks: insurance statistics of Group-IB takes into account losses from cyber-attacks, theft, fraud and illegal actions of employees and can prove to be quite useful for companies providing services of insurance cryptocurrency assets.

To develop a mechanism for assessment of risks Group-IB used a number of different criteria, including technical security, reliability, storage keys, the integrity of passwords and protection of user personal data exchanges. Group-IB estimates of the exchange and also from the point of view of the use of methods of exchange regulation, “know-your-customer” (KYC) and anti money laundering (AML).

In the ranking of Group-IB of the exchange are divided into four groups: from the safest to the most risky to the insurance. Kraken came in first place, showing the lowest percentage of risk for insurers is 1.25%. In the second group turned out to Coinbase and Bittrex Pro is 1.5%. The group with the highest risk ( 1.9 per cent) entered Binance, Bitfinex, Bithumb, Bitmex, Localbitcoins, MyEtherWallet and Poloniex. The most risky exchanges of Group-IB called Yobit, Zaif, Bitstamp, TopBTC and bit-Z, the terms of which were so low that they were completely excluded from the list.

To date, the maximum coverage offered by the insurance companies in the market, equivalent to 15 BTC. Lately there is a tendency to an increase in insurance premiums along with the increase in the duration of the period of cover, which may indicate either that the insurers are confident in the growth of the cryptocurrency market, or that the number of cyber attacks on stock exchanges will grow even more. We remind you that according to a recent study, the company CipherTrace hacking cryptocurrency exchanges and wallets during the first 9 months of 2018, the year has brought hackers to 927 billion dollars, accounting for 250% of similar indicators of 2017.

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SVK CRYPTO PODCAST 240- 10/10/2018 – BANK FREEZES EXCHANGE FUNDS?

https://www.podbean.com/media/share/pb-yxxp6-9c0971

Welcome to the SVK Crypto, 15 Minutes of Crypto Fame, brought to you by your host, Charles Storry. We provide daily cryptocurrency content and analysis on topics such as Bitcoin, Ethereum, Altcoins and ICO’s.

We not only produce our daily content we feature CEO’s of all exciting ICO’s! Stay tuned to find out more!

If you’d like to stay in touch or get more info from me, please SUBSCRIBE to the channel and spread the good word!

Follow us on Twitter: https://twitter.com/SVK_Crypto

Visit our website: http://www.svkcrypto.com

Email us: cstorry@svkcrypto.com

Telegram: https://t.me/SVKCrowd

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SVK CRYPTO PODCAST 234- 02/10/2018 – CANADIAN BANK PARTNERS WITH CRYPTO EXCHANGE?

https://www.podbean.com/media/share/pb-py984-9b5838

In today’s episode we cover the top news stories in the blockchain space and discuss a potential partnership between a Canadian Bank and a well known crypto exchange…

Welcome to the SVK Crypto, 15 Minutes of Crypto Fame, brought to you by your host, Charles Storry. We provide daily cryptocurrency content and analysis on topics such as Bitcoin, Ethereum, Altcoins and ICO’s.

We not only produce our daily content we feature CEO’s of all exciting ICO’s! Stay tuned to find out more!

If you’d like to stay in touch or get more info from me, please SUBSCRIBE to the channel and spread the good word!

Follow us on Twitter: https://twitter.com/SVK_Crypto

Visit our website: http://www.svkcrypto.com

Email us: cstorry@svkcrypto.com

Telegram: https://t.me/SVKCrowd

SVK Crypto – Daily News Blog

Start decentralized cryptocurrency exchange StellarX

StellarX, decentralized cryptocurrency exchange with zero Commission, on the basis of Stellar, it came out of beta and fully operational on Friday, September 28.

Stellar is a Protocol and open source. According to CoinMarketCap, XLM is currently on 6th place by market capitalization, which is equal to 4.8 billion US dollars.

StellarX has positioned itself as an exchange to the “Fiat on Board” because it allows users to make deposits in US dollars directly from your Bank account. In addition, the company has digital tokens for a number of Fiat currencies such as the Euro, Chinese yuan, British pound and others.

StellarX also plan to add digitized versions of other types of assets such as bonds, stocks, real estate.

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Hackers managed to hack another cryptocurrency exchange and steal $ 59 million

Cointelegraph Japan reported that an unknown group of hackers managed to crack one of the Japanese cryptocurrency exchanges and steal cryptocurrencies in the amount of 59 million.

According to local media, the incident in which hackers managed to steal 6.7 billion yen occurred on September 14. With hot wallets of users were stolen 4.5 billion yen, and purses of the company was stolen 2.2 billion yen. All the attackers managed to steal about 59,7 million dollars.

Tech Bureau Inc., which is upravlaushiy company hacked cryptocurrency exchange Zaif, said in a press release that on September 17, there was a bug server, and then Zaif has suspended withdrawals and deposits. September 18, the exchange realized that it was hacking and reported the incident to the Japanese regulator, the financial services Agency (FSA). Hackers managed to steal 5.966 bitcoins (BTC) and (BCH) and MonaCoin (MONA).

According to the Tech Bureau Inc, firm Fisco Digital Asset Group will help Zaif to cover the stolen assets of clients, providing 5 billion yen (44.5 million USD). Tech Bureau entered into an agreement with Fisco the dismissal of more than half Directors and corporate auditors, Fisco will also become the majority shareholder in the company.

According to CoinMarketCap, the exchange Zaif is on 101st place in the ranking of cryptocurrency exchanges by trading volume.

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Cryptocurrency exchange BitMEX rents the most expensive offices in the world

Cryptocurrency trading platform BitMEX, founded by a former trader at Citigroup Inc. Arthur Hayes, rented the most expensive offices in the world, which are on the 45th floor of the business centre, Cheung Kong, said the publication of Hong Kong Economic Times, citing anonymous sources.

The skyscraper has become a haven for Goldman Sachs Group Inc., Barclays Plc., Bank of America Corp., regulator securities, Bloomberg LP, and the Empire of billionaire Li Ka-Shing.

Cryptocurrency companies are trying to get out from the periphery of Finance into the mainstream, despite 65 percent decline in the prices of Bitcoin and other top cryptocurrencies. Moving into expensive offices may be a sign that the trading platform, such as BitMEX, thrive even when the market volatility cause investors pain.

Sam Hayes has not yet responded to email requests to comment on the move.

Back in January, when Bloomberg interviewed Hayes, headquarters BitMEX was located in the warehouse district on the opposite side of Victoria harbour. According to information provided by the nearest real estate Agency, rents in the building amounted to HK $ 25 ($ 3.18 USD) per square foot. Square feet in Cheung Kong worth ten times — a record HK$ 225.

Dismissing from Citigroup in 2014, Hayes found that can earn “easy money” using price differences of Bitcoin in different countries. Today BitMEX offers loan contracts in the cryptocurrency.

According to the Hong Kong Economic Times, the company rented the whole floor of Cheung Kong center, which is about 20,000 square feet, costing $ 600,000 in a month, although it was originally planned to rent only half of it.

Unlike Bitcoin, property prices in Hong Kong only to increase. According to CBRE Group Inc., in the Central district has the world’s highest costs for office space. London’s West End is in second place.

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Binance LCX launches crypto exchange with Fiat currency

According to a press release, Binance LCX, a joint venture of the Binance and Liechtenstein Cryptoassets Exchange (LCX), announced the launch of cryptocurrency exchanger with the possibility of trading in Fiat currencies.

New trading platform located in Liechtenstein, and will offer trading in Swiss francs (CHF) and Euro (EUR) against the other major cryptocurrencies. After adding the regulators, the exchange plans to add more trading pairs.

Binance provides creation and support of the platform, while Binance LCX will deal with customer support, compliance and relationships with government. Adrian Hasler, Prime Minister of Liechtenstein, said the launch of a new project:

We are confident that the existing legal provisions and practices of Liechtenstein will provide a sound basis for Binance LCX and other blockchain-companies so they can provide services of exceptional quality here in Liechtenstein.”

Liechtenstein occupies an open position in relation to cryptocurrency and blockchain technology, copying the practices of neighboring Switzerland, known for its “Crypts valley” in the Canton of Zug.

Recently, Liechtenstein has introduced a new law on blockchain technology, which provides legal and regulatory certainty for businesses and customers. In an interview with Cointelegraph Hasler said that the country sees great potential in this technology:

Blockchain technology could be the basis for various economic applications, which are responsible not only for payment transactions, but also for the broader financial decisions that are applicable in various fields.

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Fraudsters extorted from residents of the luxury district of bitcoins in exchange for the concealment of compromising on their wives

Residents of the elite neighborhood of Chevy Chase in Washington, DC, was attacked by bitcoin scammers claiming to possess a “dark secrets” of their wives and are ready to publish them.

Perhaps the inhabitants of affluent Chevy chase and be afraid of threats, if not for one fun fact — most of them were students and were not married.

The extortion attempt failed. Inhabitants Chevy chase was smart enough to recognize a Scam. But lucky not for everyone.

FBI agent Andrew Ames says that the attempt to blackmail the residents of rich areas — a fairly common practice. According to Jeffrey Strole, in the beginning of the month he received a letter from some “GreySquare15”. In a letter to the unknown required a “confidential” bitcoins costs 15 $ 750. Jeffrey soon realized that this is a fraud because published information on the forum to see who else of the residents of his district received a similar letter.

Among the elite mansions in Chevy chase there are several large buildings of the hostels where students live Washington University. Because of the desire to earn the scammers set up targeting the mailing of letters demanding to pay the ransom for all residents. However, they did not realize that most students are not married and will quickly reveal their purpose.

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The new York stock exchange is launching a trading platform for digital assets, and bitcoin futures

Intercontinental Exchange (ICE) is a firm located in Atlanta and owns the new York stock exchange announced Friday that it plans to launch a platform for digital asset and a futures product based on bitcoin.

The platform will be called Bakck and will use the Microsoft cloud to create “an open and regulated global ecosystem of digital assets”, said in a press release. In fact, it will allow consumers and institutions to trade, store and consume digital assets.

It is noteworthy that ICE also plans to offer a one-day “physical” contract for bitcoin-futures – this means that bitcoin will actually be given a certain number, unlike other proposals, which are designed for operations with cash. It is expected that the product will start working in November, and while waiting for approval and approval from the Commission on commodity futures trading (CFTC) of the USA.

The company said that large companies, including BCG, Microsoft, and Starbucks, will provide expertise on risk management and consumer experience for the project.

Starbucks will also start working on creating a “practical, reliable and regulated” apps for consumers to convert digital assets into U.S. dollars for subsequent use in retail outlets of the company.

Jeffrey Sprecher, founder and Chairman of ICE, commented on the launch of a new product:

When you create a regulated, associated infrastructure together with institutional and consumer applications for digital assets, we strive to strengthen the credibility of the asset class on a global scale.

CEO Bakkt, Kelly Leffler stated that:

Bakkt is intended to serve as a scalable platform for institutional, commercial and consumer participation in digital assets by improving the efficiency, security and usefulness.

According to a press release, the project invested: M12, the venture capital division to Microsoft, Galaxy Digital, Horizons Ventures, Alan Howard and Pantera Capital.

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Verge has appeared on the third largest cryptocurrency exchange

July 31, Huobi, the third volume of trades the cryptocurrency exchange in the world, has announced the listing Verge [XVG].

Deposits in XVG can be done today, and the output XVG will be available starting August 3. XVG will be traded to BTC and ETH. Bidding will start from 1 August.

Verge [XVG] is a decentralized cryptocurrency and open source, the creators of which claim that it is superior to bitcoin. Verge developers want to create a system which allows to pay quickly, but keeping the privacy of its users. Currently a outstanding XVG in the amount of 15.1 billion U.S. dollars.

See also – Verge: update the internal structure and other news

Prior to the announcement listing the price of this coin colabus in the area of 0.022 USD. Growth over the past day amounted to almost 5%, and the peak price reached $ 0,026. At the moment, however, the price is in the correction stage in the area of 0.024 US dollar. Last week the price of the Verge increased by 6% due to positive news from the developers.

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