Facebook Broadens Its Bug Bounty to Include Third-Party Apps

Starting Monday, Facebook will pay at least $600 to researchers who spot third-party apps behaving badly on its...

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Robinhood Accused of Taking from Younger Investors to Benefit Wall Street Traders
Sep18

Robinhood Accused of Taking from Younger Investors to Benefit Wall Street Traders

Journalist Logan Kane of Seeking Alpha conducted a deep dive on the practices of popular stock and cryptocurrency trading smartphone application Robinhood. According to Mr. Kane, “it seems that today’s Robinhood takes from the millennial and gives to the high-frequency trader. Not only does Robinhood accept payment for order flow, but on a back-of-the-envelope calculation, they appear to be selling their customers’...

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Security Specialist Wizsec Gives Insight on the Billion Dollar BTC Wallet
Sep18

Security Specialist Wizsec Gives Insight on the Billion Dollar BTC Wallet

The bitcoin security specialists Wizsec has recently explained to the public that the wallet that held more than 111,000 BTC did not derive from the Silk Road marketplace, and it’s also not one of the Mt Gox wallets. Further Wizsec detailed today that a recent article had quoted the organization by cherry-picking quotes which in turn created an editorial that has bolstered unneeded fear, uncertainty, and doubt (FUD). Also...

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Bithumb and Coinone Terminating Fiat Withdrawals for Unverified Crypto Traders
Sep18

Bithumb and Coinone Terminating Fiat Withdrawals for Unverified Crypto Traders

Two major South Korean cryptocurrency exchanges have announced that they will no longer allow unverified users to make withdrawals in Korean won. Starting next month, users of Bithumb and Coinone must have verified real-name accounts in order to deposit and withdraw the fiat currency. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Bithumb Goes All Real-Name Bithumb, the largest crypto exchange by...

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More Banks Sanctioned for AML, Fraud-Related Violations
Sep18

More Banks Sanctioned for AML, Fraud-Related Violations

When societies discuss cryptocurrencies, the argument that the decentralized and unregulated nature of the crypto space leaves the door open to abuse, like money laundering and financial fraud, is often put forward by officials and authorities. However, a string of cases involving precisely these sins, and many, many banks, show that regulations are largely ineffective in preventing this type of violations, especially when they are...

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