Blockchain and Cryptocurrency News Roundup

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  • August 3, 2020
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03 August 2020.

You may have noticed we missed a last weeks update. That’s because we’re working on something brand new. Our latest project is nearing its announcement date, in the mean time, catch the latest in from the world of blockchain and cryptocurrency.

Coinbase Explores Support for New Digital Assets

“Today we’re announcing that we are exploring the addition of a range of new assets. As part of the exploratory process customers may see public-facing APIs and other signs that we are conducting engineering work to potentially support these assets. These new assets include, in alphabetical order: Ampleforth, Band Protocol, Balancer, Blockstack, Curve, Fetch.ai, Flexacoin, Helium, Hedera Hashgraph, Kava, Melon, Ocean Protocol, Paxos Gold, Reserve Rights, tBTC, The Graph, THETA, UMA, and WBTC”

Coinbase

109 Members of Bitcoin’s Biggest Ponzi Scheme Arrested

Local authorities in China made 109 arrests today in connection with the notorious PlusToken Bitcoin project, according to local news outlet Cailian News. Of the arrested, 27 members were allegedly part of the project’s so-called “core” team and had fled overseas. The other 82 were reportedly “key” members. Together, they operated the racket both in China and abroad, said authorities. The arrests bring an end to what was one of the biggest Ponzi Schemes in the cryptocurrency industry, one that evaded legal authorities since 2019. It has defrauded investors to the tune of billions of dollars in various cryptocurrencies.

Decrypt

The SEC Wants to Scrutinizing Binance Chain Transactions

The U.S. Securities and Exchange Commission (SEC) appears to be gearing up for a closer look at Binance coin (BNB) and other tokens on cryptocurrency exchange giant Binance’s eponymous blockchain. SEC disclosed in a Wednesday memo that it intends to award Menlo Park, Calif.-based CipherTrace a single-source contract on the grounds it’s the only blockchain analysis firm capable of tracing Binance Chain transactions. “CipherTrace products are the only known blockchain forensics and risk intelligence tool that can support BNB and all tokens on the Binance network,” the securities watchdog said in the contract description.

CoinDesk

Ledger Experiences a Marketing Data Breach

On the 14th of July 2020, a researcher participating in our bounty program made us aware of a potential data breach on the Ledger website. We immediately fixed this breach after receiving the researcher’s report and underwent an internal investigation. A week after patching the breach, we discovered It had been further exploited on the 25th of June 2020, by an unauthorized third party who accessed our e-commerce and marketing database – used to send order confirmations and promotional emails – consisting mostly of email addresses, but with a subset including also contact and order details such as first and last name, postal address, email address and phone number. Your payment information and crypto funds are safe. To be as transparent as possible, we want to explain what happened. An unauthorized third party had access to a portion of our e-commerce and marketing database through an API Key. The API key has been deactivated and is no longer accessible.

Ledger

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