One of the world's biggest cryptocurrency exchanges says it has launched an investigation after an "Unidentified individual" threatened to leak a trove of its customer data.
Binance, which ranks as the top exchange by volume traded, said in a company statement today that the individual had demanded 300 bitcoin-the equivalent of more than $3 million-to halt the release of 10,000 photos showing "Know your customer" data from the organization.
"We would like to inform you that an unidentified individual has threatened and harassed us, demanding 300 BTC in exchange for withholding 10,000 photos that bear similarity to Binance KYC data," the firm said in a release today informing the community of the situation.
The stolen data is "Directly related" to a major Binance hack last year, CoinDesk reported.
"There are inconsistencies when comparing this data to the data in our system," Binance said.
On Twitter today, some accounts are sharing links which purport to offer a way to check if Binance customers have been impacted, which could potentially result in more data theft or compromise, according to industry commenters.
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Article by Forbes: Crypto Confidential
CRYPTO MARKETSBitcoin suddenly soared this week as global markets had their worst day this year, rising more than 20% in the last seven days and jumping more than $500 per bitcoin in a matter of minutes on Monday night, only to fall back again. As trade tensions flared and the Chinese yuan fell, investors flocked to “safe-haven” assets like gold and U.S. Treasurys. Is bitcoin now a safe-haven asset too?
Plus: Tezos, the 16th largest cryptocurrency in the world that nearly collapsed after its ICO, is up more than 200% this year.
SOURCE: MESSARI. PRICES AS OF 12:00 P.M. ON AUGUST 9, 2019.
DALIO’S NEW “PARADIGM” POINTS TO BITCOINAs central banks around the world engage in competitive rate-cutting and ever-more quantitative easing, hedge fund tycoonRay Dalio’s new investing “paradigm” is pushing investors into bitcoin. Dalio believes that in a new era of currency devaluation, cash and bonds will not be reliable stores of value. Dalio recommends buying gold and some investors are extending his argument to include bitcoin as a prudent hedge against the volatility of future markets.
LAW & HODLERWith nearly more than 700 attorneys at top firmspracticing law related to bitcoin and technology, the world’s largest law firms are starting to look like tech startups. More than 250 blockchain cases can now be found on the newly launched Blockchain Litigation Database (BLD), created by law firm Murphy & McGonigle, to bring cryptocurrency cases from different jurisdictions into a single, searchable location.
The goal? To give law firms and their clients better access to precendent-setting decisions about the new technology.
ENTERPRISEInsurance giant Allianz is developing a token-based blockchain ecosystem for its global insurance payments, joining the list of major companies that announced their own payment tokens in 2019 (see also Facebook, JPMorgan).
And blockchain technology company Blockstream has entered the bitcoin mining business with data centers in Quebec, Canada and Adel, Georgia. The Fidelity Center for Applied Technology, a research- and tech-focused division within the massive bank, is an early customer.
ELSEWHEREIBM has introduced a blockchain-based supply chain verification network. [Business Insider]
The city of Seoul will create a cryptocurrency for citizen rewards. [CoinDesk]
Has Binance been hacked? Top crypto currency exchange investigating mass leak of alleged user data, confirms $3.5 million extortion plot. [Newsweek]
Newsweek took a man’s life through the ringers after it incorrectly published that he was the creator of Bitcoin. This man, Dorian Nakamoto denied having anything to do with the project. Today, his face stands as a symbolic image representing Satoshi Nakamoto. How to Buy Bitcoin (BTC) You can get Bitcoin at any exchange. Binance offers direct Bitcoin fiat currency pairs. You just need to ... Binance. Binance’s New Platform Will Connect CeFi and DeFi With $100M Fund. Muyao Shen Sep 10, 2020. DeFi. What Is Yearn Finance? The DeFi Gateway Everyone Is Talking About. Brady Dale Sep 8 ... Binance, which ranks as the top exchange by volume traded, said in a company statement today that the individual had demanded 300 bitcoin—the equivalent of more than $3 million—to halt the ... Binance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume ⭐⭐⭐⭐⭐ Bitcoins kaufen • KOSTENLOSES Demo-Konto, um den Handel mit Bitcoins unter realen Bedingungen zu üben • JETZT TESTEN • Echtzeitkurse und BTC Umrechner - Kryptowährungen werden gerne auch als digitales Geld bezeichnet und basieren auf Kryptographie und Blockchain. Der Bitcoin ist die führende Kryptowährung mit der derzeit höchsten Akzeptanz. Binance Hacked: Huge Cryptocurrency Exchange Loses $40 million as Mystery Cybercriminals Take 7,000 Bitcoin By Jason Murdock On 5/8/19 at 6:58 AM EDT
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