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9th Mar 2018 – Crypto currency world Trivia
Crypto currency world Trivia: Most crypto exchange are currently licensed at United States level as money transmitter businesses. Status update on Mar 2018: US regulators have stated their desire to implement more oversight at the federal level. Reference URL: https://sg.finance.yahoo.com/news/crypto-exchange-bittrex-compliant-sec-225148555.html
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Heard that Crypto exchange BINANCE faced ‘large scale’ theft attempt
Heard that a rumors on discussion website. A victim stated that an unknown counterfeit cryptocurrency transaction submitted in his account. I retrospectively his discussion detail and feeling that the problem may not happen in his endpoint. The victim stated that he noticed that a 3rd API key has been created, without IP white listing. But…
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When will the dream comes true – Retail business operate cryptocurrency as a exchange
Former Chairman of the Communist Party of China (Mao) said that sailed on the sea must relies on helmsman(大海航行靠舵手). The statement looks true. The drinking coffee trend found by STARBUCKS. The STARBUCKS, a founder and leading the coffee market. The founder has business sense to dig out the potential business pipeline in the market. Schultz’s…
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Blockchain technology can do the magic – EU GDPR new data protection regulation
Preface: The movie title – when harry met Sally romantic. It is a comedy film written by Nora Ephron. It gives an idea to the world all we are interconnected with fate. GDPR – High Level Understanding The General Data Protection Regulation (GDPR) (Regulation (EU) 2016/679) is a regulation by which the European Parliament, the…
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Evade sanctions or this is our new world trend – petroleum cryptocurrency
The legitimacy of the crypto currency provides misty seen to everybody. Heard that it is legal in some countries. However it cannot maintain the legitimacy since we must following the traditional financial currencies system guideline and policy. But think it over. In ancient age, people using material change concept. The revolution of the change since the…
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My imagination – New way of money laundry evade regulations
We heard turmedous crypto currency heist this year (see below). Do you think is it a trick? Let’s think it over. The refund of the fees after heist is a grey area of regulator custodian.Since the money is a new sources far away from criminal activities revenue.How to using legal regulation forfeiting their money.Let’s think…
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Doubt – $530 million cryptocurrency heist
As we know the most common cryptocurrencies are Bitcoin, Ethereum,Ethereum Classic, Monero, Litecoin, OmiseGO, Ripple & Zcash. Fundamentally NEM Smart Asset System more secure than bitcoin. The NEM Blockchain utilizes a Proof-of-Importance calculation (rather than Bitcoin’s Proof-of-Work or PIVX’s Proof-of-Stake) to accomplish accord through a procedure that boosts dynamic support in the system. NEM is…
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My speculation – How’s coincheck loses ¥58 billion dollars value of cryptocurrency
Incident background: Japan-based company said hackers broke in at 02:57am local time on Friday (12:57pm EST on Thursday, 25 January). Financial lost: ¥58 billion dollars value of cryptocurrency Cryptocurrency type: NEM (XEM) Victim: coincheck.com Cyber attack historical incident record The most recent cryptocurrency heist happened on February 2014. The victim firm is Mt. Gox. A…
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cpp-ethereum vulnerabilities do not ignore!
Preface: The cyber attack wreak havoc today. Perhaps system applications and operation system hard to avoid vulnerability occurs because of short development cycle. Crypto currency might change the financial world. However there are more and more topics are under development. Technology background Ethereum is an open software platform based on blockchain technology that enables developers…
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The stronger encryption power you have. The greater the risk being attacks.
A new mantra , some people quit the bitcoin business whereby some people catch up immediately! Such statement precisely describe current situation of bitcoin industry. A South Korean bitcoin exchange has filed for bankruptcy after being hacked again. They are decide to quit. It surprise to us with advanced secure platform causes such tragedy. But malware infection and…