1. Recent Stability of Bitcoin makes Fundstrat’s Tom Lee ‘Pleasantly Surprised’
  2. Brazilian Bitcoin Exchange wins in court verdict against Banks
  3. German Finance Regulator Considers International Regulations ‘Desirable’ for ICOs
  4. Canadian Bitcoin Exchange ‘MapleChange’ Hacked, Declares on Twitter
  5. Net Neutrality Killer Ajit Pai Eyeing Blockchain Regulations
  6. Bitfury a Huge European Crypto Mining Firm Considers Going Public
  7. Bitfinex’ Sharp Response on Phantom Tether Trading Volume Reports
  8. Taiwan to formulate ICO Regulations, according to Securities Regulator Chairman
  9. Binance’s Positive Initiative to Eliminate Money Laundering
  10. ING Bank to Introduce Open Source Privacy Improvement Add-On for Blockchains
  11. Most Popular Hacker George Hotz says Bitcoin Cash is the ‘Real Bitcoin’
  12. Bitpay to Provide Stablecoin Support for Merchant Settlement
  13. A Leading Cryptocurrency Exchange OKEx to Support Four Stablecoins at Once
  14. Blockchain Phones aren’t Far Anymore: HTC Exodus to Introduce on October 22
  15. Ex-Coinbase Executive Adam White to join ICE’s Crypto platform Bakkt as COO
  16. Crypto Hacks Caused Around $1 Billion Loss, So Far This Year
  17. XP Investimentos’ Crypto Exchange Won’t Enable Users to Deposit or Withdraw Bitcoin
  18. Roger Ver: Bitcoin.Com May Introduce Its Own Crypto Exchange
  19. CFTC Constraints Harder on Cryptocurrency Scam under Trump’s Administration
  20. Blockchain Startup to Fund British Masters Tournament
  21. Israel Securities Authority Adopts Blockchain to Improve Cybersecurity
  22. Bill Clinton Acknowledged Blockchain’s Immense Potential
  23. Siam Commercial Bank First to Experience Updated Ripplenet’s Multi-hop Payments Feature
  24. Ethereum to Rebound Strongly Towards the End of 2019: Tom Lee
  25. TD Bank to add blockchain and AI Solutions
  26. North Korea Multiplies the Crypto Usage to Refrain from US Sanctions
  27. Cryptocurrency Needs Regulation to Survive
  28. Binance Crypto Exchange Introduces Binance Info 2.0 
  29. Cryptocurrency market drops
  30. Coinbase Introduces Four New GBP Crypto Trading Pairs
  31. U.S. Federal Court Started Using Cryptocurrency For Bail Of Hacker Charged Of Breaking Computer Network
  32. Recent slump not a setback: says the Ethereum founder.
  33. Australia Based Legaler Raises $1.5 Million To Create Blockchain For The Future Of Legal Services
  34. Utility of several top cryptocurrency questionable, says a study.
  35. Sinking Bitcoin Helps Crypto Miners Profit
  36. LuneX a Crypto Based VC Fund Driven by Golden Gate Ventures in South East Asia
  37. What makes the crypto markets “weak”?
  38. The Blockchain Technology Used By West Virginia To Accommodate The Numerous Votes For The Upcoming Midterm Elections
  39. The USA’s Largest Financial Services Market Is To Incorporate The Blockchain Technology To Streamline a Variety Of Sectors
  40. A Lawsuit In China Against Cryptocurrency Exchange “Okcoin” For Declining Certain Bitcoin Cash Related Transaction
  41. Highly prestigious operator in the stock exchange sector to launch a market based on Bitcoin.
  42. Evolution of Blockchain as a Global Phenomenon – The industry has come a long way
  43. XRP Led Cryptocurrency Exchange By AlphaPoint
  44. South Carolina state authorities desist previously enforced regulations on blockchain implementation
  45. HTC and crypto currency: virtual currency in the smart phone market.
  46. Crypto currency: the strife of RBI continues.
  47. United Kingdom set to become the world leader in cryptocurrency industry
  48. Resuscitation of the crypto currency markets.
  49. Cobinhood crypto exchange announces exciting feature promoting crypto-to-fiat transaction
  50. WEX exchange and its spectacular technical goof ups.
  51. Digital currency can take over traditional currency by overcoming Finance sector obstacles
  52. Virtual Currency enters academics
  53. The newest Ripple (Pun intended).
  54. BIS chief makes the headlines by stating the negative impacts of cryptocurrency on economy
  55. India lagging in virtual currency as RBI wins the legal battle.
  56. Ibinex: So far so good.
Thursday, November 15, 2018
Banner Top
  1. Recent Stability of Bitcoin makes Fundstrat’s Tom Lee ‘Pleasantly Surprised’
  2. Brazilian Bitcoin Exchange wins in court verdict against Banks
  3. German Finance Regulator Considers International Regulations ‘Desirable’ for ICOs
  4. Canadian Bitcoin Exchange ‘MapleChange’ Hacked, Declares on Twitter
  5. Net Neutrality Killer Ajit Pai Eyeing Blockchain Regulations
  6. Bitfury a Huge European Crypto Mining Firm Considers Going Public
  7. Bitfinex’ Sharp Response on Phantom Tether Trading Volume Reports
  8. Taiwan to formulate ICO Regulations, according to Securities Regulator Chairman
  9. Binance’s Positive Initiative to Eliminate Money Laundering
  10. ING Bank to Introduce Open Source Privacy Improvement Add-On for Blockchains
  11. Most Popular Hacker George Hotz says Bitcoin Cash is the ‘Real Bitcoin’
  12. Bitpay to Provide Stablecoin Support for Merchant Settlement
  13. A Leading Cryptocurrency Exchange OKEx to Support Four Stablecoins at Once
  14. Blockchain Phones aren’t Far Anymore: HTC Exodus to Introduce on October 22
  15. Ex-Coinbase Executive Adam White to join ICE’s Crypto platform Bakkt as COO
  16. Crypto Hacks Caused Around $1 Billion Loss, So Far This Year
  17. XP Investimentos’ Crypto Exchange Won’t Enable Users to Deposit or Withdraw Bitcoin
  18. Roger Ver: Bitcoin.Com May Introduce Its Own Crypto Exchange
  19. CFTC Constraints Harder on Cryptocurrency Scam under Trump’s Administration
  20. Blockchain Startup to Fund British Masters Tournament
  21. Israel Securities Authority Adopts Blockchain to Improve Cybersecurity
  22. Bill Clinton Acknowledged Blockchain’s Immense Potential
  23. Siam Commercial Bank First to Experience Updated Ripplenet’s Multi-hop Payments Feature
  24. Ethereum to Rebound Strongly Towards the End of 2019: Tom Lee
  25. TD Bank to add blockchain and AI Solutions
  26. North Korea Multiplies the Crypto Usage to Refrain from US Sanctions
  27. Cryptocurrency Needs Regulation to Survive
  28. Binance Crypto Exchange Introduces Binance Info 2.0 
  29. Cryptocurrency market drops
  30. Coinbase Introduces Four New GBP Crypto Trading Pairs
  31. U.S. Federal Court Started Using Cryptocurrency For Bail Of Hacker Charged Of Breaking Computer Network
  32. Recent slump not a setback: says the Ethereum founder.
  33. Australia Based Legaler Raises $1.5 Million To Create Blockchain For The Future Of Legal Services
  34. Utility of several top cryptocurrency questionable, says a study.
  35. Sinking Bitcoin Helps Crypto Miners Profit
  36. LuneX a Crypto Based VC Fund Driven by Golden Gate Ventures in South East Asia
  37. What makes the crypto markets “weak”?
  38. The Blockchain Technology Used By West Virginia To Accommodate The Numerous Votes For The Upcoming Midterm Elections
  39. The USA’s Largest Financial Services Market Is To Incorporate The Blockchain Technology To Streamline a Variety Of Sectors
  40. A Lawsuit In China Against Cryptocurrency Exchange “Okcoin” For Declining Certain Bitcoin Cash Related Transaction
  41. Highly prestigious operator in the stock exchange sector to launch a market based on Bitcoin.
  42. Evolution of Blockchain as a Global Phenomenon – The industry has come a long way
  43. XRP Led Cryptocurrency Exchange By AlphaPoint
  44. South Carolina state authorities desist previously enforced regulations on blockchain implementation
  45. HTC and crypto currency: virtual currency in the smart phone market.
  46. Crypto currency: the strife of RBI continues.
  47. United Kingdom set to become the world leader in cryptocurrency industry
  48. Resuscitation of the crypto currency markets.
  49. Cobinhood crypto exchange announces exciting feature promoting crypto-to-fiat transaction
  50. WEX exchange and its spectacular technical goof ups.
  51. Digital currency can take over traditional currency by overcoming Finance sector obstacles
  52. Virtual Currency enters academics
  53. The newest Ripple (Pun intended).
  54. BIS chief makes the headlines by stating the negative impacts of cryptocurrency on economy
  55. India lagging in virtual currency as RBI wins the legal battle.
  56. Ibinex: So far so good.
Crypto Hacks Caused Around $1 Billion Loss, So Far This Year

Criminal incidents related to cryptocurrency are persistently increasing on the global level. Recent research regarding cryptocurrency reveals that in this year the losses owing to crypto hacks were significantly high at $1billion.

In the initial nine months of this year, hackers succeeded to steal $927 million through cryptocurrency exchanges and other platforms, CipherTrace reported.

In the document named “Cryptocurrency Anti-Money Laundering 2018 Q3,” it is given that the thefts have been 3.5 times higher than the results seen in 2017, which came to $266 million. CipherTrace believes that the total figure will exceed $1 billion by the end of 2018.

Talking about theft, in this year the most remarkable theft was the hack of Japanese exchange Coincheck, in which $530 million-worth of cryptos were lost.

Apart from that some of the significant thefts were, Italy’s BitGrail ($195 million), Japan’s Zaif (around $60 million) and South Korea’s Coinrail (over $40 million) and Bithumb (over $30 million).

Additionally, a token creation platform Bancor witnessed the loss of $23.5 million and Geth, an ethereum client lost over $20 million due to crypto hacks.

Evidently, the biggest attacks made news, but there has been an increasing number of “smaller” thefts starting from $20 million to $60 million, totaling $166 million since the second quarter report.

On that note, the report claims, “This data indicates a pattern of smaller robberies on a regular basis and sophisticated professional cyber thieves who carry out hacks at both the exchange and platform levels by capitalizing on
exposed vulnerabilities, as well as by socially engineering employees who work at these companies.”

Few more hacks, like the CoinHoarder phishing thefts, evaluated at $50 million, was not mentioned in the report. On that, CipherTrace stated, “adding that it will include them in the 2018 annual report if the figures can be confirmed.” The firm also added that it is aware of an over $60 million hack, which has not been reported publicly.

CipherTrace added that 97 percent of the direct bitcoin payments from hackers went to exchanges in countries having non-effective anti-money laundering (AML) laws. Reportedly, the exchanges have laundered a major amount of bitcoin, totaling 380,000 BTC or $2.5 billion at current prices.

On that note, Dave Jevans the CEO of CipherTrace revealed, “Different geographies are competing on regulations and trying to become ‘trusted’ digital currency hubs in order to grow their economies. We will see the opportunities to launder cryptocurrencies greatly reduced in the coming 18 months as cryptocurrency AML regulations are rolled out globally.”

Amid that, Tech Bureau, the firm which backs Zaif, declared a new plan to compensate users after a major hack last month. It will be taken over by another crypto exchange.

Apparently, there are governments having stern measures and regulations for the cryptocurrency, while some are expected to do so by the end of the year.

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