The Gemini cryptocurrency exchange has recently undergone security compliance and data protection audit. The Head of marketing of Gemini, Chris Roan explained, “We believe that investors coming into cryptocurrency deserve the exact same protections as investors in more traditional markets, adhering to the same standards, practices, regulations and compliance protocols.”
The banning decision made by Paypal towards the cybersecurity news outlet could place the cryptocurrency industry an advantage. The Paypal account of Hacker News was permanently banned without any reason. The official handle of Hacker News shared, “That’s so much frustrating @PayPal has permanently banned all of our accounts without mentioning any reason for 180 days.”
Koinex has recently launched a new additional security feature to enhance the existing security protection for its customers. The new security feature introduced by Koinex comes with the upgraded protection and functionalities such as the protection mode where Koinex will now send the email verification to the email registered for the account for the withdrawal of cryptocurrency.
The number of cryptocurrency adoption is increasing in Iran as the US is getting ready to impose the economic sanctions towards the country. A warning has been issued by a cybersecurity intelligence group, Accenture PLC, regarding the bitcoin ransomware that is being developed by hackers to secure ransom in cryptocurrencies as per reported by Jim Guinn.
The People’s Bank of China, the Supreme People’s Court, Supreme People’s Procuratorate, the Ministry of Public Security and the Ministry of Industry and Information Technology will jointly operate to battle against cyber-crime. A public figure posted in social media, “The cryptocurrency industry is filled with speculation and scams.” These five departments will work towards eradicating cyber financial crimes.
The AlienVault, cyber-security firm found that a malware mines Monero and transmits it to a university in Pyongyang, North Korea, Kim II Sung University. AlienVault also exposes that North Korean government is also functioning behind this operation which is expected to be aimed at “providing a financial lifeline” sanctions against the country.