Bitcoin in freefall after Binance hack

Bitcoin prices plunged today on speculation that major crypto exchange Binance has been hacked.     The exchange has denied being attacked but several users reported that their altcoin holdings were liquidated unexpectedly and without consent. There is speculation that Binance’s trading bot was at the heart of the issue, while others believe hackers may have orchestrated an attack on the Bitcoin exchange… Binance has halted trading and withdrawals. Full Story: – HACKED     Exchange hacks have plagued Bitcoin since inception, remember the Mt. Gox hack?   This constant…

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Breaking News – Coinbase Down, Users reporting Problems

Tried to log into Coinbase today and you got this? At the time of writing, Coinbase, a Bitcoin Exchange based in San Fransisco, came back online but with limited functionality. Coinbase were founded in June 2012, and they are a digital currency wallet and platform where merchants and consumers transact with digital currencies such as bitcoin, ethereum, and litecoin.     User problems are continuing – Tweets regarding Coinbase website being down and certainly this one highlights the problem with keeping your cryptocurrency in a hot wallet on an exchange. And…

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Guard against hacking and cybercrime

As the Bitcoin price soars to new highs increasing in value, besides turning the heads of investors, institutions and consumers, unfortunately a criminal element is also awakened.  A real threat to our new digital economy is cybercrime. During 2016, data, cryptocurrency wallets, exchanges and a decentralized venture capital fund was hacked.  Ransomeware is threat to businesses globally. Data Yahoo – more than a billion user accounts hacked Dropbox – a hack of more than 68 million user passwords Cryptocurrency wallets Many more than reported but includes high profile Bitcoin Veterans too…

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