Kraken Finds Critical Security Flaw in Trezor One and T Wallets

Kraken Security Labs has identified a critical security issue in Trezor hardware wallets which enables seeds to be extracted from the devices.  Kraken Finds Flaw in Trezor Wallets Kraken researchers claim they were able to access Trezor One and T wallet keys by manipulating the voltage in the micro-controller. These hardware components hold vital information, such as seeds, yet are not designed for such purposes. This vulnerability has been understood for some time, and hasRead More The post appeared first on Bitcoinist.com.

Gemini Exchange Adds Automated Customer Tax Reporting

winklevoss gemini exchange

US-based crypto exchange Gemini wants to help its users comply with the tax requirements in a convenient manner. The company hired Sovos to modernize its tax information reporting. The Solution Will Automate Gemini’s Tax Filings The exchange platform managed by Taylor and Cameron Winklevoss will use Sovos’ technology to automate its 1099 forms and filings. The solution is expected to reduce potential human errors and ensure automatic regulatory updates. The latter is quite important in

The post Gemini Exchange Adds Automated Customer Tax Reporting appeared first on Bitcoinist.com.

Binance US Liquidity Surpasses Gemini Exchange After Just 9 Days

Binance US Overtakes Gemini Exchange

Binance US launched just over a week ago, but its liquidity is already above that of the Winklevoss Twin’s Gemini exchange. This fact was stressed by Binance CEO Changpeng Zhao (CZ). Binance US Liquidity Triples CZ cited data from cryptowat.ch to point out that Binance’s American branch saw its liquidity tripling in about a week. Small beginnings @BinanceAmerica, one week in, liquidity more than tripled. Grown faster than @Binance back in the day. pic.twitter.com/03iUEdAfvm —

The post Binance US Liquidity Surpasses Gemini Exchange After Just 9 Days appeared first on Bitcoinist.com.

Zuckerberg Consults Rivals Winklevoss to Push Facebook’s ‘GlobalCoin’

facebook mark zuckerberg

Will Facebook cryptocurrency GlobalCoin be the catalyst to mass adoption propelling cryptocurrency usage from 30 million to 2.4 billion? Maybe, but several concerns remain. Facebook Quietly Planning Killer App If one thing was notable about Facebook and cryptocurrency this time last year, it was the platform’s hostility towards it.  In January 2018, the social media giant banned all ads on Bitcoin, cryptocurrency, and ICOs. After that, it was the company’s silence on cryptocurrencies and blockchain

The post Zuckerberg Consults Rivals Winklevoss to Push Facebook’s ‘GlobalCoin’ appeared first on Bitcoinist.com.

Winklevoss: ‘Crypto Doesn’t Need Rules,’ Cryptocurrency Companies Do

WINKLEVOSS

Contrary to their Gemini billboard slogans, crypto doesn’t actually need rules, clarified Cameron Winklevoss. Instead, it’s companies that deal in cryptocurrencies that require “thoughtful” oversight, particularly in light of the recent QuadrigaCX fiasco. Winklevoss: Crypto Doesn’t Need Rules, But… It’s no secret that the Winklevoss twins have been championing the ‘sanitization‘ of cryptocurrency. With their “fully regulated” Gemini exchange, their goal is to change the Wild West image of the fledgling industry that’s been plagued

The post Winklevoss: ‘Crypto Doesn’t Need Rules,’ Cryptocurrency Companies Do appeared first on Bitcoinist.com.

Gemini Passing SOC-2 Examination a Step Towards Bitcoin ETF Approval

Winklevoss

Winklevoss twins’ Gemini exchange has announced successfully passing a Service Organization Control level 2 (SOC-2) type 1 examination by big four accounting firm Deloitte, which they believe is ‘a factor in favor’ of possible approval of their Bitcoin ETF petition. Gemini’s Product is Trust Gemini’s stated mission is to provide its clients with a safe and secure platform to exchange and store their cryptocurrencies. According to Gemini, “this is paramount to our mission to build

The post Gemini Passing SOC-2 Examination a Step Towards Bitcoin ETF Approval appeared first on Bitcoinist.com.

Opinion: Winklevoss Twins Spam NYC With Ads ‘Proving’ Their Superiority

NYC

The Winklevosses certainly aren’t just twiddling their thumbs whilst waiting for an SEC decision on their ETF. This week saw them shilling their Gemini cryptocurrency exchange by spamming New York City with ‘regulations are good’ adverts. Crypto Needs Rules… But Does It? The message that the adverts purportedly push, is that regulatory measures lead to a future cryptocurrency market without the chaos. Slogans such as ‘The Revolution Needs Rules’, ‘Money Has A Future’, and ‘Crypto Without Chaos’ have sprung

The post Opinion: Winklevoss Twins Spam NYC With Ads ‘Proving’ Their Superiority appeared first on Bitcoinist.com.

Hacker Steals $1 Million Using Just a Phone Number

Hacker Steals $1 Million Using Just a Phone Number

In a method known as “SIM swapping,” 21-year-old hacker Nicholas Truglia stole $1 million from a San Francisco executive and hacked the phones of a number of other Silicon Valley and blockchain executives. A felony complaint filed this month in California’s state court reveals details of the ongoing case against Nicholas Truglia. Truglia has been charged with 21 crimes that include theft, fraud, embezzlement, and attempted grand theft. The grand theft charge faced by Truglia relates

The post Hacker Steals $1 Million Using Just a Phone Number appeared first on Bitcoinist.com.

Winklevoss-Owned Bitcoin Exchange ‘Gemini’ Adds Litecoin Trading Pairs

Winklevoss-Owned Bitcoin Exchange 'Gemini' Adds Litecoin Trading Pairs

On Friday, October 12, 2018, Gemini announced the addition of Litecoin (LTC) to its trading catalog. Litecoin becomes the fourth cryptocurrency added to the Winklevoss-owned platform. NYSDFS Approval for Litecoin Trading on Gemini Eric Winer, the platform’s VP of Engineering announced the news via a post on the company’s Medium account. According to the announcement, customers will be able to deposit LTC into their trading accounts from Saturday, October 13th, 2018, while trading commences the

The post Winklevoss-Owned Bitcoin Exchange ‘Gemini’ Adds Litecoin Trading Pairs appeared first on Bitcoinist.com.

Gemini Exchange Secures Digital Asset Insurance

Gemini Exchange Secures Digital Asset Insurance

The Gemini cryptocurrency exchange announced that customer assets are now covered by insurance. It comes through a consortium of global insurers who were organized by Aon.   The Gemini digital cryptocurrency has notified customers that insurance for digital assets is now available. A news release said is was arranged by a professional services firm called Aon who organized a collective of leading insurers. Introducing Digital Assets Insurance, which furthers our mission to build the future

The post Gemini Exchange Secures Digital Asset Insurance appeared first on Bitcoinist.com.

London Block Exchange Launching Crypto Pound-Backed Stablecoin

London Block Exchange Launching Crypto Pound-Backed Stablecoin

The London Block Exchange said they have permission to launch a new virtual currency, the LBXPeg. The stablecoin would be backed by UK Pound Sterling reserves. The London Block Exchange (LBX) is planning to release a new virtual currency pegged to the Pound Sterling. The startup’s CEO Benjamin Dives told Business Insider the first “cryptopound” would be minted within 10 days. LBX is proud to announce the worlds first GBP backed stablecoin! LBXPeghttps://t.co/9ltCtHEyVU — LBX, The

The post London Block Exchange Launching Crypto Pound-Backed Stablecoin appeared first on Bitcoinist.com.

Full ‘Circle’: Goldman Sachs Backed Startup Launches Stablecoin Cryptocurrency

Circle Launches New Stablecoin Trading

On September 26th, Circle announced the release its new stablecoin USD Coin (USDC), which will begin trading on Circle’s Poloniex exchange immediately. The new USDC stablecoin will be fully collateralized by USD at a 1:1 ratio. The stablecoin market has been particularly active recently, with several other projects launching in past few months. Circle’s announcement also highlights that the firm has over thirty supporting companies lined up to begin offering trading and support for the

The post Full ‘Circle’: Goldman Sachs Backed Startup Launches Stablecoin Cryptocurrency appeared first on Bitcoinist.com.

SEC and Institutional Investor Backing: A Question of Custody

SEC and Institutional Investor Backing: A Question of Custody

One of the last major hurdles to the widespread institutional adoption of cryptocurrency is the issue of custody — where to securely store all those high-paying clients’ assets. Fortunately, several companies are currently working on a solution to this piece of the puzzle. A Universal Question Custody is a question that perhaps anyone who has owned crypto has considered — or failed to at their own peril. I.e., Where am I going to keep my

The post SEC and Institutional Investor Backing: A Question of Custody appeared first on Bitcoinist.com.

Winklevoss’ Gemini Dollar a ‘Solid’ Bridge That ‘Will Span Decades,’ Says Charlie Shrem

Charlie Shrem Talks Bitcoin, Hodling, and the Future of Cryptocurrency

Shortly after New York regulators gave the green light to Cameron and Tyler Winklevoss’ stable coin, Charlie Shrem shares his two cents on the matter. He thinks the cryptocurrency represents the “Golden Gate Bridge” in the field. A ‘Solid Stable Coin’ As Bitcoinist reported September 10, the investment bank State Street will back the Gemini Dollar – a token pegged to the US dollar 1:1. It’s the first cryptocurrency from early Bitcoin investors, Cameron and Tyler

The post Winklevoss’ Gemini Dollar a ‘Solid’ Bridge That ‘Will Span Decades,’ Says Charlie Shrem appeared first on Bitcoinist.com.

US Regulators Approve Winklevoss Twins’ Fiat-Backed Stablecoin Gemini Dollar

Winklevoss

New York regulators have given the green light to Tyler and Cameron Winklevoss’ first cryptocurrency, a stablecoin attached to their trading platform Gemini. Solving Stablecoin ‘Trust Problems’ As Forbes reports on September 10, the token, the Gemini Dollar, will have the backing of investment bank State Street, which takes custody of the fiat dollars it is backed by. Speaking to the publication, Tyler Winklevoss appeared to stress the level of trust the stablecoin will offer, based

The post US Regulators Approve Winklevoss Twins’ Fiat-Backed Stablecoin Gemini Dollar appeared first on Bitcoinist.com.

Winklevoss’ Gemini Teams Up with 3 Big Exchanges to Form Self-Regulatory Group

Winklevoss Gemini

Four cryptocurrency exchanges, including Gemini – the one founded by the Winklevoss brothers, is purportedly setting up a working group to bring new industry standards. Virtual Commodity Association Working Group (VCAWG) The Winklevoss twins’ cryptocurrency exchange Gemini is teaming up with three other exchanges to form a new self-regulatory organization (SRO) dubbed the Virtual Commodity Association Working Group. The exchanges in the newly formed organization, besides Gemini, are Bittrex, bitFlyer USA, and Bitstamp. Bittrex is

The post Winklevoss’ Gemini Teams Up with 3 Big Exchanges to Form Self-Regulatory Group appeared first on Bitcoinist.com.

Winklevoss Cryptocurrency ETF Denied by SEC Due to Offshore Manipulation Concerns — Price Reacts

Winklevoss

With much of the financial world fixated on the prospect of a bitcoin exchange-traded fund, the US Securities and Exchange Commission (SEC) has reportedly denied the proposal from Gemini founders Cameron and Tyler Winklevoss.  3-1 Against The US Securities and Exchange Commission (SEC) has reportedly rejected the first-ever cryptocurrency ETF proposal from Cameron and Tyler Winklevoss — the famous entrepreneurs behind cryptocurrency exchange Gemini. The Winklevoss Bitcoin Trust was already denied by the SEC in

The post Winklevoss Cryptocurrency ETF Denied by SEC Due to Offshore Manipulation Concerns — Price Reacts appeared first on Bitcoinist.com.

Factors That Will Push Bitcoin’s Price Higher Are Gathering Steam

The hacking of exchanges and relentless attacks from financial powers have, in the short run, adversely affected the price of Bitcoin. However, once the news about these adverse effects fades, investors will be able to turn their focus to several bright ongoing developments. What Doesn’t Kill Bitcoin Makes It Stronger The recent spate of crypto exchange hacks, ongoing regulatory issues, and reports of an investigation into possible price manipulation have sent the price of Bitcoin

The post Factors That Will Push Bitcoin’s Price Higher Are Gathering Steam appeared first on Bitcoinist.com.

Winklevoss Twins’ Gemini Exchange Unexpectedly Adds ZCash

The New-York based Gemini cryptocurrency exchange just announced the addition of 3 new cryptocurrencies to their trading lineup. The most surprising addition being ZCash, which was not expected by anybody in the community. ZCash: Privacy Focused, But On a Regulated Exchange The week of the Consensus conference has always been a week of news, innovation, and announcements from major players in the cryptocurrency and blockchain industry. It seems that this year’s Consensus is no different

The post Winklevoss Twins’ Gemini Exchange Unexpectedly Adds ZCash appeared first on Bitcoinist.com.