Bithumb hack emphasizes need for Security in Crypto Industry

Korean Crypto Exchange Bithumb lost more than $30 million in the most recent crypto hack, further emphasizing the need for security in the industry. With blockchain technologies, the repercussions of a hack are much greater than in traditional technology.  Bloomberg reported that Exchanges are a juicy target for hackers, with more than a billion dollars worth of cryptocurrency being stolen.     In response to the latest hack, industry leaders highlight the importance to build confidence in the industry, follow best practice, implement a regulatory framework as well as decentralise…

Read More

Nasdaq Open To Becoming Crypto Exchange — Blockchain Experts Comment

Today, Nasdaq CEO Adena Friedman said that Nasdaq is open to becoming a crypto exchange. Joseph Weinberg, OECD Special Advisor and Chairman of Shyft, a blockchain protocol for KYC/AML, and Yo Kwon, CEO of Hosho, a blockchain cybersecurity firm, comments from two unique perspectives on what this means from regulatory and security perspectives.   Joseph Weinberg, OECD Think Tank Special Advisor & Shyft Chairman believes “this could be a great thing! Regulation, again, is a massive roadblock to something like this happening. You need to solve and create an informed…

Read More