2019-2-27 00:25 |
A U.S.-based digital asset startup raises $6.5 million from several companies to launch an institutional crypto wallet that “eradicates the concept of private keys”
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QuadrigaCX Exchange’s founder, Gerald Cotten, passed away more than two months ago, and with his death, the keys to the exchange’s cold storage allegedly went to the grave with him.
2019-2-26 22:21 | |
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Cryptocurrency wallet service provider Bitgo has secured a $100 million policy through Lloyd’s insurance to cover crypto assets that are completely under the company’s control, such as those held in its business wallet and custody offerings.
2019-2-20 18:30 | |
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BitGo, a crypto custodian backed by Goldman Sachs, is offering up to $100 million in insurance coverage for cold-wallet assets through Lloyd’s. There is no additional cost to BitGo clients. In a press release, the company said the $100 million of insurance coverage protects custodial assets held by BitGo against: Third-party hacks.
2019-2-20 03:50 | |
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Justice Wood has appointed legal counsel to represent some 115,000 creditors in incipient legal proceedings against seemingly insolvent cryptocurrency exchange QuadrigaCX, documents published today, February 19, 2019, from the Halifax, Nova Scotia court reveal.
2019-2-20 00:52 | |
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BitGo is providing $100 million of cover against theft of digital assets or the loss of cryptographic keys via Lloyd’s of London.
2019-2-19 18:25 | |
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There are two primary reasons why storing your private crypto keys in the cloud is a bad idea. First, your cloud provider represents a centralized honeypot that could experience a security breach, allowing cyber criminals to access your data.
2019-2-19 00:19 | |
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The recent scandal of QuadrigaCX in which Canada’s biggest cryptocurrency exchange lost $150 million worth of crypto shocked the financial space. It deteriorated the public image of the cryptocurrency sector overnight as analysts condemned the loss of hundreds of millions of dollars following the alleged death of CEO Gerald Cotten who had sole control over the company’s holdings and user funds.
2019-2-17 15:46 | |
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Jennifer Robertson, the widow of the late QuadrigaCX exchange CEO, appears to be liquidating and shuffling some estate assets. When QuadrigaCX founder and CEO Gerald Cotten passed away suddenly in December of 2018 in India, he was allegedly the only person with the knowledge of the exchange’s cold storage keys.
2019-2-15 22:06 | |
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A group of lawyers from some of Canada’s top law firms convened in a court in Halifax, Nova Scotia, today to secure the right to represent creditors in the ongoing QuadrigaCX litigation.
2019-2-15 01:45 | |
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The conspiracy theory surrounding QuadrigaCX began with the December 9, 2018, death of the exchange’s CEO. Chief Executive Officer (CEO), Gerald Cotton, took the only private keys to the grave, depriving users of $190 million in frozen funds.
2019-2-14 14:00 | |
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You thought you have bad luck? Think again The Canadian crypto Exchange QuadrigaCX that lost more than 190 million dollars after the death of its CEO has lost half a million more Canadian dollars after mistakenly sending that amount to the same cold wallet that its employees have been unsuccessfully trying to access for weeks.
2019-2-14 02:39 | |
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According to the latest court documents in the ongoing QuadrigaCX case, the exchange sent roughly $470,000 CAD (approximately $355, 000 USD) worth of bitcoin from a hot wallet to a cold-storage wallet on February 6, 2019.
2019-2-13 03:56 | |
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On February 4, 2019, blockchain tech company Blockstream announced the development of a “proof of reserves” tool to standardize the authenticity of exchanges’ crypto reserves.
2019-2-7 01:01 | |
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We have heard what happened with the cryptocurrency exchange QuadrigaCX and all the implications that it has for the virtual currency market. The owner of the crypto exchange, Gerald Cotten, died a few weeks ago without leaving information about the private keys related to the cold storage wallet in which the exchange held most of […]
2019-2-6 18:43 | |
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An Italian judge has reportedly ordered Francesco Firano, founder of shady cryptocurrency exchange BitGrail, to repay the $170 million worth of cryptocurrency that went “missing” early last year.
2019-1-28 18:25 | |
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Numerai, a next-gen hedge fund, plans to decentralize its platform by destroying the keys to the smart contract controlling its token supply.
2018-12-5 01:00 | |
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Yet another group of organized criminals have been apprehended after illegally acquiring cryptocurrency. Three individuals in Bulgaria have been arrested and charged after obtaining over $3 million (5 million lev) through illegal schemes.
2018-11-26 18:18 | |
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As Bitcoin approaches its 10th anniversary, its community, old and new, has begun taking stock of how a decade has come to alter or define the cryptocurrency — and what Bitcoin has done to alter or define the decade.
2018-11-7 19:56 | |
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Blockchain financial service company Unchained Capital will now offer multi-signature and multi-institution cold storage solutions for borrowers who leverage its crypto-collateralized loans service.
2018-11-2 21:42 | |
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A new entrant has emerged in the already crowded crypto wallet space. KZen, a company co-founded by a former TechCrunch editor Ouriel Ohayon, recently announced that it has completed a $4 million funding round while hard at work building a more intuitive and user-friendly crypto wallet.
2018-10-6 05:00 | |
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Cryptocurrency enthusiasts know that the safest way to store their digital assets is offline in cold storage. Generally, this is done via a hardware or paper wallet, but according to Wired, it seems that Coinbase has an alternative approach to storing crypto offline.
2018-8-31 17:18 | |
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Cryptocurrency trading service Coinberry has partnered with BRD, a secure bitcoin wallet service, in a deal that promises to bring BRD's Canadian users onto Coinberry's no-fee trading platform.
2018-8-21 18:52 | |
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Grayscale Investments have reported a $90 million investment in Ethereum Classic holdings. Grayscale are a digital asset investment firm that help investors get into the world of cryptocurrency and digital investment.
2018-8-10 11:00 | |
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Special thanks to Eli Ben-Sasson for ongoing help, explanations and review, coming up with some of the examples used in this post, and most crucially of all inventing a lot of this stuff; thanks to Hsiao-wei Wang for reviewing Hopefully many people by now have heard of ZK-SNARKs, the general-purpose succinct zero knowledge proof technology that can be used for all sorts of usecases ranging from verifiable computation to privacy-preserving cryptocurrency.
2018-7-21 23:03 | |
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Computer manufacturing company HTC says it is on the verge of releasing its upcoming blockchain phone, Exodus, which was first announced in May of 2018. Chief crypto officer at HTC Phil Chen leads the company’s blockchain and cryptocurrency initiatives.
2018-7-18 19:47 | |
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On July 3, 2018, Binance suspended all trading and withdrawal services due to "irregular" Syscoin (SYS) trades carried out "from a number of API users. " The exchange has since resumed all activities, according to a blog post.
2018-7-5 20:11 | |
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A new report published on Bleeping Computer showed the intricate difficulties of using long and complicated digital wallet addresses. Over 2. 3 million Bitcoin addresses are being monitored by clipboard hijackers who take advantage of the complexity of wallet addresses to dupe users.
2018-7-3 00:44 | |
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This week, leading South Korean crypto exchange Bithumb experienced a major hack, while Mt Gox, the most notorious exchange to be hacked in bitcoin history, is also back in the news.
2018-6-24 20:05 | |
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According to data from EOS Authority, EOS has finally acquired the minimum votes required for its network to go live. After EOS failed to launch its platform on its projected launch date of June 2, a live-stream vote was called, where users voted “Go” to launch the blockchain network.
2018-6-15 03:10 | |
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All Cypherpunks value privacy; it’s basically the founding principle of the collective of cryptographers, academics, developers and activists grouped around the 1990s mailing list by the same name.
2018-6-15 23:31 | |
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Moore’s law predicts that the number of transistors on a microchip will double approximately every two years, significantly impacting cryptography.
Only Bitcoin should be considered cryptocurrency because PoW relies on cryptography and nothing else to secure the network. Reclaiming the name “crypto” is both powerful and important because it speaks volumes that mathematics alone enforces the robustness of the ledger.
Bitcoin Magazine Books announces a new title that offers a novel framework for understanding Bitcoin through the lens of cryptography and sovereignty.
Users can take advantage of the cryptographic protection offered by GPG to secure files and data that they want to keep well under wraps.
How is Bitcoin defended by energy? And what is a nonce? These questions and more are answered within!
The library will aid in building complex cryptographic techniques to match the needs of the bourgeoning DeFi sector.
Learn about working at Coinbase: https://www.coinbase.com/careers - Medium