How the World’s Largest Crypto Exchange Helped Usher in the Dawn of a Currency Revolution

The world’s largest crypto exchange, Binance, is flush with massive profits from its operations in 2018, estimated from buybacks of its BNB token to total $ 446 million. Although Bitcoin is trading at a loss over the last 12 months, transaction volume has been steadily increasing over the last year, so Binance has been busy. “To date, even in this bear market, we still run a profitable business,” Binance CFO Wei Zhou told CNBC in a phone interview Wednesday. Binance is looking good in 2019. Awash with cash from its 2018 operations, the world’s largest cryptocurrency exchange flexed some half a

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Avoiding QuadrigaCX’s $190 Million Disaster: How Do the World’s Largest Crypto Exchanges Store Funds?

Canada’s largest crypto exchange QuadrigaCX lost more than $ 190 million worth of user funds and is unable to reimburse its users. As CCN reported on February 1, the founder and CEO of QuadrigaCX passed away in India with sole control over the company’s cold wallets containing more than $ 150 million in cryptocurrencies like Bitcoin and Ethereum, and $ 40 million in cash stored with a third party. How do the world’s largest digital asset exchanges such as Binance and Coinbase store funds to avoid a tragic situation like QuadrigaCX? CEO Should Never Have Sole Access to Crypto on an Exchange A

Avoiding QuadrigaCX’s $ 190 Million Disaster: How Do the World’s Largest Crypto Exchanges Store Funds? by CCN

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Gemini Claims to be World’s First SOC 2 Compliant Crypto Exchange after Deloitte Audit

Crypto exchange Gemini has announced that it has completed its SOC 2 Type 1 examination, and plans to obtain more security credentials by the end of the year. SOC 2 reports are essentially certifications testifying to the processing integrity, security, and/or availability of a service, with a key focus on data confidentiality for end users. The exchange owned by billionaire crypto investment duo Cameron and Tyler Winklevoss is the first to have this level of security compliance on the cryptocurrency scene. In an announcement by Head of Risk, Yusuf Hussain, Gemini claims that the SOC 2 Type1 certification means that

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Marshall Islands to Issue Physical Banknotes for World’s First Decentralized National Digital Currency

The Marshall Islands will soon circulate physical banknotes representing the world’s first decentralized national digital currency. This is happening under an agreement with Tangem, a Swiss maker of blockchain-enabled smart card wallets for cryptocurrencies. “We are excited to partner with the Republic of the Marshall Islands to do something that has never been done before: issue a digital currency as official legal tender,” Tangem co-founder Andrey Kurennykh gushed in a statement. Smart Card with Microchip and NFC Antenna The physical banknotes will take the form of a smart card powered by a blockchain-enabled microprocessor. Tangem says its technology enables users to

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Dark Web Hacker Proves Leak of Customer Data From World’s Leading Cryptocurrency Exchanges

By CCN.com: The hacker going by “ExploitDOT” has recently confirmed he/she was selling know-your-customer (KYC) data from world leading cryptocurrency exchanges on the dark web, in an attempt to clear his name from cryptocurrency news outlets claiming the ad was fake. Last week, CCN broke the news and revealed the hacker was attempting to sell

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