Cryptocurrency Financial News
Trust Wallet, which crypto exchange Binance acquired in July 2018, has released a desktop client with initial support for Mac. Viktor Radchenko, founder of Trust Wallet, did announce on Twitter that support for Windows and Linux would be “coming shortly.”
In an email sent to its users, the UK arm of crypto exchange Coinbase announced that it will drop support of Zcash on August 26, with customers expected to convert their Zcash holdings before that date. While Coinbase has yet to provide a reason, the company behind the crypto, the Electric Coin Company, did preempt any speculation, stating that Zcash is compliant with UK know-your-customer and anti-money laundering requirements.
With the forthcoming launch of the US-based Binance subsidiary Binance US, the crypto exchange has announced it is considering up to 30 cryptocurrencies that will be supported when the platform opens. These include crypto mainstays bitcoin, Ether, Litecoin, and Binance’s own Binance Coin.
After a handful of Coinbase employees received an email from Gregory Harris, the research grants administrator at the University of Cambridge, on May 30, many of them engaged in conversation with “Harris” for a few weeks. It wasn’t until June 17 that the email scammer attempted to send a message containing malware capable of taking over someone’s computer. Luckily, Coinbase’s security system was able to detect the threat before any funds were lost.
Pseudonymous hacker “Bnatov Platon,” who claims to be in possession of 60,000 photos of Binance users and their IDs, has gone back and forth between claiming to be a white hat hacker who wanted to show the exchange’s know-your-customer security was weak and blackmailing Binance for 300 bitcoin.
Chinese authorities are currently investigating claims that non-custodial crypto exchange EtherDelta perpetrated a $176,000 exit scam after the exchange was sold to unnamed Chinese investors in December 2017.
US District Judge Vince Chhabria ruled that crypto exchange Coinbase will face charges of negligence, fraud, and unfair competition for its handling of the launch of Bitcoin Cash. Coinbase allegedly canceled US dollar orders of BCH hours before the crypto was added to its platform, causing the price to rise and claims that the exchange was involved in insider trading.
In what is said to be related to Binance’s May hack that saw the crypto exchange lose 7,000 bitcoin, an individual claims to be in possession of more than 60,000 images Binance customers uploaded to the platform as part of the know-your-customer process. With some of the images shared over a Telegram group chat, Binance claims the images do not contain the digital watermark imprinted by its system, but the exchange will work to identify the source of the images.
Wallet providers Samourai and Wasabi Wallet have engaged in a series of allegations through Medium posts, each alleging the other company’s various privacy features aren’t quite what they seem.
HM Revenue & Customs, the UK tax authority, has asked for names and transaction histories of users from three crypto exchanges operating in the UK to find users who haven’t properly claimed their crypto holdings on tax returns.
Following an early July report that BitMEX was under investigation from the Commodity Futures Trading Commission, the crypto exchange’s traders left en masse, taking half a billion dollars’ worth of funds with them.
After adding support for Tezos at the end of July, Coinbase has announced eight more cryptocurrencies it plans to add to its trading platform, including Cosmos and Dash.
A Canadian judge has approved a $1.6 million bill made up of fees owed to the various legal teams and advisory services that have been working with QuadrigaCX during its long and strange journey to bankruptcy.
Blockchain smartphone manufacturer Pundi X has partnered with Samsung to add its wallet, XWallet, to the Galaxy S10’s blockchain app options. Both companies suggest using the built-in S10 wallet for long-term storage and the XWallet for use in payments.
The Austrian State Printing House, which serves as the country’s high-tech passport maker, has released its own “100-percent offline” hardware wallet dubbed Chainlock.
Despite refusing to sell the token to US investors and entities, Seattle-based Arrington XRP Capital and Los Angeles-based Arca have managed to invest in Bitfinex’s LEO token by purchasing them through a third party.
Swedish crypto exchange QuickBit reportedly left up to 300,000 customer records open “for a few days,” leaving a plethora of information, including email addresses, passwords, names, and user IDs, exposed to malicious actors.
The US Commodity Futures Trading Commission (CFTC) has launched an investigation into crypto exchange BitMEX for reportedly allowing US citizens to trade on the platform despite not being registered with the CFTC.
Binance has found itself to be in the possession of $775,000 worth of Stellar tokens after unknowingly receiving dividends for validating transactions on the Stellar network since August 31, 2018. The crypto exchange announced it would distribute the found tokens to all Binance users holding at least 10 Stellar tokens on Saturday, July 20.
Aimed at helping new investors see what seasoned traders see, Coinbase’s suite of free data tools will detail buying, selling, and trading activity from the top individual investor accounts on the exchange, excluding those set up by institutions.
