Security

BitMEX Research has confirmed that the Lightning Network’s Justice Transactions system can effectively prevent cheating.

Let’s take a closer look at Bitcoin security. Is Bitcoin secure? And is it possible for the digital asset to be stored safely by most users?

In this episode, Dave and Grahm cover shadow banking, Binance’s U.S.-regulation-compliant spinoff company and welcome back recurring guest Dan Held.

Crypto security and intelligence firm CipherTrace has published its Q1 2019 Cryptocurrency Anti-Money Laundering Report, revealing that exchange platforms all over the world have lost nearly $400 million as a result of hacks and thefts.

Binance has partnered with Medici Ventures’ portfolio company IdentityMind, a risk management and regulatory-technology compliance platform, in a bid to enhance its fraud protection and compliance protocols.

In this op ed, CoolBitX CEO Michael Ou argues that "anonymity contributes to cryptocurrency’s notorious volatility and makes it that much less likely that digital currencies will become stable stores of value."

Blaming “a gap in [Coinbase’s] diligence process,” CEO Brian Armstrong writes that Coinbase “did not properly evaluate everything from the perspective of our mission and values as a crypto company.”

Coinbase’s Director of Institutional Sales, Christine Sandler, said in an interview last week that, in part, the exchange acquired controversial software firm Neutrino because its prior blockchain analysis providers were selling customer data.

Among other issues, Reporters Without Borders labeled Hacking Team (the team behind Neutrino) as one of five “Enemies of the Internet” in 2013 for its role in humanitarian abuses against journalists.

With its analytical capabilities, Neutrino will help Coinbase add new features and tokens to the platform, while ensuring "compliance with local laws and regulations."