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GM Financial Partners With Blockchain Startup to Fight Identity Fraud

General Motors Financial, the financing arm of the automaking giant, said Monday that it is partnering with blockchain startup Spring Labs on solutions for identity verification.The startup – which counts former Trump economic advisor Gary Cohn on its board of advisors – said that GM is exploring the acquisition of a stake alongside other use […]

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Fake MetaMask App on Google Play Store Hosted Crypto Malware

A form of malware that replaces victims’ cryptocurrency wallet addresses has been discovered for the first time in an app on Google Play Store. Security firm ESET published a blog post on Friday, saying that the malware, known as a “clipper,” intercepts the content of the clipboard and, if it finds the addresses of online cryptocurrency […]

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SEC Commissioner Peirce Confirms Guidance on Crypto Tokens Is Coming

The U.S. Securities and Exchange Commission (SEC) plans to clarify when securities laws might apply to crypto token sales, an official said Friday. In a speech at the University of Missouri School of Law, Hester Peirce, one of the SEC’s commissioners, said that the agency’s staff are working on “supplemental guidance” to help projects determine “whether […]

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Someone Is Impersonating Bitcoin Futures Platfom Bakkt to Raise Money

Someone is poorly impersonating the highly anticipated bitcoin futures trading platform Bakkt in an apparent attempt to bilk people out of their bitcoin.On Wednesday nigh, the CoinDesk news team received an email (subject line: “Bakkt News!”) claiming that the platform was set to launch on March 12. The email, sent from a gmail address and […]

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Wall Street Crypto Products May Have to Wait as US Regulators Confront Backlog

The U.S. government may be open again, but don’t hold your breath for regulatory approvals of crypto investment products.The shutdown, which began on Dec. 22, 2018 and ended on Jan. 25, forced federal agencies, including the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), to shutter their doors. This in turn delayed […]

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New Malware Targets Apple Mac Computers to Steal and Mine Cryptos

A recently discovered form of malware steals browser cookies and other information on victims’ Apple Mac computers to steal cryptocurrencies.Researchers at cybersecurity firm Palo Alto Networks published a report on Thursday, saying that the malware, dubbed “CookieMiner,” intercepts browser cookies related to cryptocurrency exchanges and wallet service providers’ websites visited by the victims.The malicious code […]

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Hackers Just Stole Another $180K in Ether From Cryptopia Exchange

Hackers apparently still have control over New Zealand-based cryptocurrency exchange Cryptopia.Blockchain data analytics firm Elementus said in a blog post Tuesday that Cryptopia’s hacker, after going quiet for some days, has stolen an additional 1,675 ether from 17,000 wallets – an amount worth about $181,000 at the time of writing.While initially it looked like Cryptopia […]

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Two Groups Responsible for 60% of All Crypto Exchange Hacks: Report

Two groups alone are responsible for a majority of hacks at cryptocurrency exchanges to date, new research suggests.Chainalysis, a blockchain analysis software provider, published a report on Monday indicating that two “prominent, professional” criminal groups are behind at least 60 percent of all publicly reported crypto exchange hacks, netting around $1 billion in total.“On average, […]

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Crypto Startup Wants You to Trade on Exchanges Without Trusting Them

A new protocol aims to allow crypto users to maintain control of their private keys while trading on centralized exchanges.Arwen, a startup formerly known as Commonwealth Crypto, launched a testnet version of its namesake protocol Monday. CEO Sharon Goldberg described it as “a layer-two protocol specifically for trading.”In other words, trades will take place off-chain. […]

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4 South Korean Crypto Exchanges Team Up to Tackle Money Laundering

Four major cryptocurrency exchanges in South Korea have partnered on an initiative to combat potential money laundering, as well as schemes that might harm users.Bithumb, Coinone, Korbit, and Upbit jointly announced Friday that they will create a hotline to share real-time wallet information on suspicious crypto trades. They aim to identify trades with suspected links […]

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