Some six million bitcoins, or 30% of the issued supply, are exposed to the quantum risk of theft. Analytics provider Glassnode said those bitcoins have exposed public keys, making them vulnerable to the risk that quantum computers may eventually be able to break their encryption and figure out private keys used to move BTC from their identifying public keys. The risk to bitcoin from quantum computing is still theoretical, with some experts saying it is a decade or even decades away, while others fear that it could be closer. The U.S. government has set 2035 as the date by which all government data must be quantum-resistant. There are ways the…
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New customer identification rules pose a problem for cryptocurrency exchanges
The Financial Action Task Force’s action requires strong customer identification, transaction monitoring and reporting
The Financial Action Task Force (FATF) issued a final recommendation on June 24 that effectively forces all 38 member countries—and many others besides—to impose strict anti-money laundering (AML) requirements with substantial know your customer (KYC) data on cryptocurrencies that attempt to end the anonymity built into their DNA ever since Bitcoin.
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Crypto hackers often walk around wearing hoodies and holding useless tokens of fake bitcoin around just in case they get photographed (via Pixabay).MIT’s Stuart Madnick says blockchain’s biggest strengths can also be weaknesses
Poloniex exchange lenders lost $14.4 million to flash crash decentralization made possible
An MIT professor’s June 6 warning about some of blockchain’s vulnerabilities came too late for margin lenders on U.S. cryptocurrency exchange Poloniex, who lost nearly $14.4 million in bitcoin to a flash crash early last week.
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Coinbase, Gemini, Bitstamp, and Changelly: Here’s how their fees compare
If you invested $100 in bitcoin 2010, it would be $75 million today. But after fees…
Everybody in crypto swears they were going to buy some bitcoin (BTC) on some exact date they read about and that we could be having this conversation on their yacht. Tai Lopez likes to remind listeners to his Bitcoin Crypto Mastermind podcast,“Remember, if you had invested $100 in bitcoin in 2010, you would have $75 million today.” But he doesn’t ever really pick a day. Most agree that if you put in $100 on July 28, 2010 you would have $28,341,266 on December 12, 2017. We’ll give Tai the $75 million just for the sake of argument. Some early exchanges such as iGot (now Bitlio) had 0% buying fees on…
