Japan Ramps Up Scrutiny into Crypto Exchanges’ Cold Wallets

By CCN.com: Crypto exchanges are a straightforward place to keep cryptocurrency when trading. Cash out fees accrue less quickly, and trades can be made much faster than having to transfer currencies from another wallet. The downside to keeping your funds on an exchange? More than $ 500 million was stolen exclusively from Japanese exchanges in 2018 alone. The funds stolen have left governments with a serious need to intervene. Japan was the first country to formalize crypto exchange regulation, and they have taken these breaches very seriously. Previously, storing funds in a cold wallet – offline crypto storage wallets that are

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Wall Street Shenanigans: Rampant Trading Bots are Exploiting Crypto Exchanges

By CCN.com: Cryptos’ attempts to distance and differentiate itself from traditional financial markets has taken another knock. This follows revelations that trading manipulation using high-frequency bots is rampant on decentralized exchanges (DEX) by researchers at Cornell Tech. In a paper titled ‘Flash Boys 2.0: Frontrunning, Transaction Reordering, and Consensus Instability in Decentralized Exchanges’, the researchers have argued that despite the promise of blockchain technology being to bring about trading ecosystems that are fair and transparent, this has not been achieved due to the growing deployment of arbitrage trading bots: “Like high-frequency traders on Wall Street, these bots exploit inefficiencies in

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Just a friendly reminder to get your coins off exchanges such as Coinbase. Exchanges do not have sufficient insurance coverage and alot of people will lose substantial amounts at some point. Don´t be lazy, buy a hardware wallet ¯\_(ツ)_/¯

Just a friendly reminder to get your coins off exchanges such as Coinbase. Exchanges do not have sufficient insurance coverage and alot of people will lose substantial amounts at some point. Don´t be lazy, buy a hardware wallet ¯\_(ツ)_/¯ submitted by /u/Bitcoin_21
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Bitcoin – The Currency of the Internet

Just a friendly reminder to get your coins off exchanges such as Coinbase. Also newcomers take note that Robinhood doesn’t allow you withdraw your bitcoin. They only allow you to sell it for dollars.

If you have your coins on an exchange take note that hacks and employee theft have lost users millions. MT Gox customers still haven’t received anything lost after 5 years now and most of the time you will never see your money again if stolen.

You can avoid this by putting your coins into a wallet that is under your control versus an exchanges control: https://bitcoin.org/en/choose-your-wallet

For more than $ 500 worth of bitcoin it is highly recommend you look into buying a hardware wallet.

You’ve been warned don’t cry and cry on here if you ignore this advice repeated time and time again.

submitted by /u/miigul99
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Bitcoin – The Currency of the Internet

QuadrigaCX Scandal Jolts Canada to Regulate Cryptocurrency Exchanges

The infamous QuadrigaCX scandal has culminated in the losses of $ 150 million in user’s cryptocurrency funds. Now, Canada has called for “input” on tailoring new regulation to cryptocurrency exchanges operating within its borders. Canada’s Securities Regulator and Investment Body Issue a Consultation Paper to Increase Investor Protection Canada has held back on detailed cryptocurrency regulation. It currently adopts a wait and see approach and utilizes its existing securities laws and regulators. In this way, Canada monitors and guides emerging fintech and cryptocurrency businesses in the country. An exchange’s entire funds vanishing as the founder dies without leaving access to cold

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UPVOTE FOR VISIBILITY: Mexico’s Central Bank forbids the operation of crypto-currency exchanges in order to “protect the general public” from volatility

submitted by /u/Moriloqui
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Bitcoin – The Currency of the Internet