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GM Financial Joins $23 Million Series A Investment In Blockchain Startup Spring Labs

GM Financial, the financial services arm of General Motors that offers auto loan financing and leases to customers, extended its partnership with Spring Labs as part of a $23 million Series A investment in the technology startup announced Wednesday morning.Spring Labs, founded in 2017, is building what it calls the Spring Protocol, a set of […]

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What to Expect at G-20: Money Laundering and Crypto Discussion

One of the main themes to be discussed at the G-20 Financial Ministers and Central Governors Meeting this weekend has to do with money laundering and cryptocurrency. What kind of agreement would be a surprise? Even for the purpose of introducing Anti-Money Laundering (AML), should we allow our financial privacy to be compromised? Alexander Zaidelson, […]

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Fake Cryptocurrency Apps Crop Up On Google Play As Bitcoin Price Rises

May 2019 has seen bitcoin growing, with its price climbing to its highest points since September 2018. Not surprisingly, cybercrooks were quick to notice this development and started upping their efforts in targeting cryptocurrency users with various scams and malicious apps.One such app was recently spotted on Google Play by Reddit users, impersonating the popular […]

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Microsoft: Forget Google, Facebook – Log In With Our New Blockchain ID

Microsoft has announced a new, early preview of a distributed identity system running on top of the bitcoin blockchain that it envisages can offer a workable alternative to systems like Facebook Login, the social network’s authentication service for users logging into different apps across iOS, Android, the web, Windows 10, and other devices.The latest component […]

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If Bitcoin Is So Safe, Why Does It Keep Getting Hacked?

Hackers just stole $40 million worth of bitcoin from Binance, one of the largest cryptocurrency exchanges in the world. It’s hardly the first time crypto has been targeted by thieves. For a technology that’s supposed to be hyper secure, in practice, it’s often proven itself to be, well, not.Binance, which is based in Taiwan, announced […]

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Cryptocurrency Thefts, Fraud Hit $1.2 Billion In First Quarter: Report

NEW YORK (Reuters) – Losses from the theft of cryptocurrencies from exchanges and fraud-related activities surged in the first quarter of the year to $1.2 billion, or 70 percent of the level for all of 2018, cybersecurity firm CipherTrace said on Tuesday.The value of losses from crime in the digital currency sector in 2018 hit […]

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Cryptocurrency Security Threats Are Keeping the Market Down

From the start, Bitcoin has been seen as something of a ‘behind closed doors’ asset. With SilkRoad and other black market sites been heavily Bitcoin dependent, the image has not been good. While this has begun to change, and the general public has started to hear more positive reports, things are still touch and go. And […]

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Bitcoin Accounts for 95% of Cryptocurrency Crime, Says Analyst

Despite the proliferation of more than 2000 cryptocurrencies, including harder-to-track privacy coins, the overwhelming majority of criminals still prefer Bitcoin for illicit activity.“Bitcoin is by far the favorite,” Jonathan Levin, co-founder and COO of Chainalysis, tells Fortune on the latest episode of “Balancing the Ledger.”Chainalysis makes software that helps cryptocurrency firms and law enforcement trace the […]

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‘Blockchain Bandit’ Has Stolen 45,000 ETH by Guessing Weak Private Keys, Report Claims

A “blockchain bandit” has managed to amass almost 45,000 ether (ETH) by successfully guessing weak private keys, according to a report released by Independent Security Evaluators on April 23.Adrian Bednarek, a senior security analyst, said he discovered the sophisticated hacker by accident. While guessing a private key is meant to be a statistical improbability, he […]

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