Category Archives: Bitcoin

Samsung Continues Support for Crypto with New Flagship Smartphone

Unveiling the Samsung Galaxy S20 range recently, the Korean tech giant said the phone’s security system includes a new “secure processor dedicated to protecting your PIN, password, pattern and Blockchain Private Key.” Continue reading Samsung Continues Support for Crypto with New Flagship Smartphone

Crypto Exchange FCoin Insolvent After Revealing Up to $130M Bitcoin Shortfall

Zhang Jian, the former Huobi CTO who launched FCoin in May 2018, wrote a lengthy post on Monday, saying the exchange is now unable to process users’ withdrawal demands as its asset reserve has fallen short of its liability – and the gap is estimated to be about 7,000 to 13,000 bitcoin (BTC). Continue reading Crypto Exchange FCoin Insolvent After Revealing Up to $130M Bitcoin Shortfall

DeFi Project bZx Exploited for Second Time in a Week, Loses $630K in Ether

The attack – the second in less than a week – began at just after 03:00 UTC Tuesday, when attackers apparently took out a flash loan of 7,500 ETH (approximately US$1.98 million), using 3,518 ETH (~$939,300) to purchase synthetic USD stablecoin sUSD from the issuer, which they then posted as collateral for a bZx loan, according to an analyst on Twitter. Continue reading DeFi Project bZx Exploited for Second Time in a Week, Loses $630K in Ether

BitGo Acquires Harbor in Surprise Expansion Beyond Crypto Custody

The crypto custodian announced Tuesday the acquisition of Harbor, a security token platform best known for a failed bid to offer tokenized shares of a South Carolina apartment building. Harbor’s subsidiaries, which include a broker-dealer regulated by the Financial Industry Regulatory Authority and a transfer agent supervised by the Securities and Exchange Commission, are included in the acquisition, the companies said. The move allows BitGo to expand its services from custody, becoming what CEO Mike Belshe said is the first “full-stack” service provider in the digital securities space. The terms of the deal were not disclosed. Continue reading BitGo Acquires Harbor in Surprise Expansion Beyond Crypto Custody

US Presidential Contender Michael Bloomberg Proposes ‘Clear Regulatory Framework’ for Crypto

Bloomberg’s campaign published a financial reform plan Tuesday, advocating for greater consumer protection measures and a stronger financial system. Specifically, the proposal suggests requiring financial institutions to monitor risk exposure, recording all financial transactions in a centralized database, strengthening the Consumer Financial Protection Bureau and a number of other recommendations. The proposal also recommends creating a regulatory sandbox for startups and “providing a clear regulatory framework for cryptocurrencies.” Continue reading US Presidential Contender Michael Bloomberg Proposes ‘Clear Regulatory Framework’ for Crypto