• Binance (via Shutterstock)
    Uncategorized

    Binance upgrades hacked customers to VIP

    The cryptocurrency exchange also ‘highly recommended’ the 60,000 users replace their ID documents; restitution promised

    In light of a hack that saw up to 60,000 customers’ IDs stolen, leading cryptocurrency exchange Binance is giving all affected users VIP status that brings a 10% discount on bitcoin trading fees.

  • China's flag and bitcoin
    Asia & Australia,  Cryptocurrencies,  Libra

    Chinese central banker says digital yuan coming soon

    The central bank-issued digital currency will not be on a traditional blockchain and will not disrupt the existing financial system, according to the People’s Bank of China official

    The People’s Bank of China (PBOC) Deputy Director Mu Changchun said the bank’s “digital currency can now be said to be ready” at the China Finance 40 Forum in Yichun this weekend, according to Shanghai Securities News.

  • The exact moment Changpeng “CZ” Zhao says Binance was hacked to the tune of $40 million during his Twitter AMA, May 7, 2019).
    Bitcoin

    Binance puts $300,000 bounty on extortionist’s head

    The leading cryptocurrency exchange offered up to 25 bitcoin for information on the person who released what he claims is Binance customers’ private data

    Binance has offered a $300,000 reward for information leading to the capture of an individual who posted 10,000 photos of users and their identity documents that may have come from the leading cryptocurrency exchange’s customer data.

  • The libra logo on a cellphone sitting on some coins. What else do you need to see? (via Shutterstock)
    Libra

    From privacy regulators to Walmart, Facebook’s Libra faces growing threats

    The US, EU, Canada, and Australia demand data protection guarantees; Walmart patents its own cryptocurrency

    In a joint statement on August 6, data protection regulators from the United States, United Kingdom, European Union, Canada, and Australia came head-on, issuing a joint statement slamming the Libra project and Facebook for failing to address the fledgling cryptocurrency’s privacy risks.