In a bid to bolster security within the cryptocurrency industry, Kraken recently announced its collaboration with other major players to co-found the Blockchain Security Standards Council (BSSC). The purpose of this nonprofit organization is to establish uniform security standards across the crypto sector, with the goal of addressing critical security threats such as fraud, nation-state
Best Practices
Recently, South Korea’s Financial Supervisory Service (FSS) has announced its plans to tighten oversight of crypto trading platforms under its jurisdiction in order to eliminate fraudulent transactions. This move comes as part of the country’s efforts to establish a more secure and transparent environment for cryptocurrency trading. In a notice released on July 4, the
Vitalik Buterin, a co-founder of Ethereum, recently expressed his apprehensions about the current state of cryptocurrency regulation, particularly in the United States. He raised a crucial point regarding the paradoxical nature of the regulatory framework that he believes is hindering the growth and integrity of the industry. Buterin pointed out that the existing regulatory environment
South Korea’s Financial Supervisory Service (FSS) has recently addressed the concerns surrounding the potential removal of various digital assets from local cryptocurrency exchanges. This development comes in light of the Virtual Asset User Protection Act, which aims to enhance compliance and scrutiny of listed tokens on these platforms. Contrary to initial reports, the FSS has
The recent hack on the Japanese cryptocurrency trading platform, DMM Bitcoin, resulted in a significant loss of Bitcoin amounting to around $305 million. The exchange confirmed the attack and disclosed that 4,502.9 bitcoins were stolen from their systems. Despite stating that they are investigating the breach and implementing measures to prevent such incidents in the
Recently, Coinbase announced the launch of a new initiative called ‘Tech Against Scams’ in partnership with several industry leaders such as Meta, Ripple, Gemini, Kraken, Match Group, and GASO. This initiative aims to combat online fraud and financial schemes, while also focusing on educating and protecting users. The coalition emphasizes that scams are not limited
Deutsche Bank has recently demonstrated a surge in interest in digital assets and tokenization through its involvement in the Monetary Authority of Singapore’s Project Guardian. This initiative is specifically focused on testing asset tokenization applications within a regulated environment to assess their viability and potential integration within financial markets. The collaboration under Project Guardian includes
Looking for the best practices in managing a cryptocurrency portfolio? This article explores essential tips and strategies to ensure success and maximize returns. Diversification, risk management, and staying informed are key. Read now!
Discover the best practices for effective cryptocurrency portfolio management, including diversification, setting clear goals, and regularly rebalancing. Learn how to maximize returns while minimizing risks.
Recently, Hayden Adams, the founder of Uniswap, took to social media to warn the crypto community about a new wave of scams targeting users through deceptive user interfaces (UIs) in crypto wallets. Adams highlighted how scammers are using fake clones of Ethereum Name Service (ENS) domains to trick users into sending funds to the wrong