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After Know Your Customer debacle, BitMEX reports 100% of users are verified
7.1.2021
Controversial crypto derivatives trading platform BitMEX says its entire user base has completed the obligatory Know Your Customer process
Futuristicx Hybrid Conclave, Driving Customer Experience Through Technologies
7.1.2021
The Middle East currently is the biggest digital hub with a massive technological transformation taking place. In the past decade, the Middle Eastern market has completely migrated its infrastructure to a digital platform. The current pandemic has enabled a forced acceleration in technological...
Ledger Leak Invokes Legal Action, One Customer Allegedly Threatened With Home Invasion
21.12.2020
Just recently, reports of the Ledger customer database breach being dumped on Raidforums for free has become a viral story among cryptocurrency proponents. Now customers are threatening to take legal action against the hardware wallet manufacturer, and one customer has complained of getting...
Ledger Wallet Data Leak Dumped on Raidforums for Free, Company Regrets the Situation
21.12.2020
Just recently, the hardware wallet manufacturer Ledger has been dealing with a lot of criticism for the e-commerce customer data leak that took place last June. The data contained the emails of a million Ledger wallet customers, and thousands of clients had additional information leaked like phone...
France Approves New Cryptocurrency Measures to Fight Anonymous Transactions
14.12.2020
The French council of ministers has approved a series of new measures to combat the anonymity of cryptocurrency transactions. Anonymous accounts are banned at crypto exchanges which must now impose stricter know-your-customer requirements. France’s Finance Minister Bruno Le Maire says...
Ledger Wallet Customer Data Leak Invokes Threats, Phishing Scams, User Allegedly Loses Life Savings
13.12.2020
The cryptocurrency hardware wallet firm Ledger was hacked last June and over a million emails were exposed, according to reports from the company at the time. Months later, the hackers who obtained the Ledger data emailed clients, sent texts to customers, and created phishing links for users...
FinCEN Encourages Banks to Share Customer Information With Each Other
11.12.2020
The guidance is apt to chafe privacy advocates, inside and outside the crypto space, who are already uneasy about the honeypot that FinCEN’s suspicious activity report database has become
Trading Exchange Okex’s Crypto Reserves Nosedived After Withdrawals Opened
6.12.2020
Just recently, after the exchange paused cryptocurrency withdrawals, the trading platform Okex finally enabled digital currency withdrawals last Wednesday. Since then, the exchange seems to be experiencing an exodus of funds leaving, as onchain data shows Okex’s crypto-asset reserves like...
Exchange Blunder Exposes Names and Email Addresses of ‘270,000 Users’
2.12.2020
"You lost a long-term customer today," one disgruntled user wrote.
The post Exchange Blunder Exposes Names and Email Addresses of ‘270,000 Users’ appeared first on CoinMarketCap Blog
Coinbase Ditches US Customer Tax Form That Set Off False Alarms at IRS
24.11.2020
Instead of the troublesome 1099-K form, Coinbase will send the 1099-MISC to users of its interest-bearing products. Regular traders may not receive any forms at all
Digital Asset Firm Fireblocks Raises $30M to Gird for ‘Influx in Customer Demand’
18.11.2020
Fireblocks plans to maintain its standing as “the biggest player in crypto-native markets” but also wants to go after institutional players
Dormant crypto exchange Cobinhood to ax real-time customer support in 2021
5.11.2020
Once a popular exchange, Cobinhood is phasing out more services
US crypto derivatives merchants need to leave customer funds alone, says CFTC
21.10.2020
The CFTC has issued new guidance for crypto derivatives markets that hold customer funds, much of which boils down to "be very, very careful."
Coinbase Received 1,900 Requests for Client Info From Law Enforcement During First Half of 2020
17.10.2020
Coinbase has revealed that it received a total of 1,914 requests for customer data from global law enforcement agencies during the first six months of 2020. It is, however, not clear how many of the requests were fulfilled. In its first so-called“transparency report” published Friday...
Crypto Exchange Coinbase Hands Over Customer Data to UK Tax Authority
3.10.2020
Coinbase is handing over customer data to the British tax authority, Her Majesty’s Revenue & Customs (HMRC). The measure affects customers with a U.K. address who received more than £5,000 ($6,450) worth of cryptocurrency during the 2019/20 tax year. On Oct. 2, Coinbase sent...
New Zealand Tax Agency Asks Crypto Firms to Hand Over Clients’ Personal Data
29.9.2020
The Inland Revenue Department (IRD) of New Zealand has requested that crypto companies in the country hand over their customers’ personal details, cryptocurrency asset values as well as the type of asset held. According to a September 28 report by Radio New Zealand, the tax agency says...
Crypto Exchange Bithumb ‘Not Liable’ for Customer’s USD 401,000 Losses
28.9.2020
The Supreme Court of Korea. The South Korean market-leading crypto exchange Bithumb has won its legal struggle against an investor who accused it of negligence, claiming he lost USD 401,000 in cash after a 2017 data breach.
Per news agency Yonhap, a man identified only as “Mr. A” for legal reasons...
Cambridge University’s Third Crypto Study Records 101 Million Cryptocurrency Users Worldwide
25.9.2020
The University of Cambridge and the school’s Centre for Alternative Finance has published the third “Global Cryptocurrency Benchmarking Study.” The 71-page in-depth study examines the current growth of the crypto industry, mining, offchain activity, crypto asset user profiling...
Korean Exchanges in Limbo over Customer Social Security Nos Conundrum
24.9.2020
Confusion reigns as to whether South Korean crypto exchanges can – or should – collect their customers’ social security numbers under new Know-Your-Customer (KYC) and anti-money laundering (AML) compliance measures that come into force in a matter of months.
Per Digital Today, exchanges are still...
Bithumb ‘Partially Liable’ For a Customer’s Crypto Losses in 2017 Hack
2.9.2020
There has been mixed news from the courtroom for one of South Korea’s biggest crypto exchanges – with Bithumb found partially liable for a data leak that led to a customer losing just over USD 27,200 back in 2017. However, the trading platform was absolved of blame in two separate and much larger...