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Month: November 2022

IIROC-registered Canadian crypto exchange Coinsquare suffers data breach

On Nov. 19, Coinsquare had to temporarily shut down operations to investigate an unusual activity on its platform. Just a month after becoming the first Canadian crypto trading platform to get registered by the Investment Industry Regulatory Organization of Canada (IIROC), Coinsquare suffered a data breach that compromised users’ personal information.  On Nov. 19, Coinsquare […]
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Binance proof-of-reserves is ‘pointless without liabilities’: Kraken CEO

According to Powell, a complete proof-of-reserve audit must include the sum of client liabilities, user-verifiable cryptographic proof that each account was included in the sum and signatures proving the custodian’s control over the wallets. The collapse of the crypto exchange FTX revealed the importance of proof-of-reserves in avoiding situations involving the misappropriation of users’ funds. […]
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Trouble in the Bahamas following FTX collapse: Report

The locals say they are having to contend with vacant apartments and the loss of job opportunities, once provided by the collapsed exchange. Following the collapse of crypto exchange FTX, which was headquartered in the island nation of Bahamas, Bahamians are reportedly still trying to find a way to make sense of everything, while remaining […]
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Programming languages prevent mainstream DeFi

Asset-oriented programming makes fundamental functions native to the programming language. DeFi needs more of that to improve security. Decentralized finance (DeFi) is growing fast. Total value locked, a measure of money managed by DeFi protocols, has grown from $10 billion to a little more than $40 billion over the last two years after peaking at […]
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American regulators to investigate Genesis and other crypto firms

Alleged securities violations and connections with retail investors are being investigated by the State of Alabama and several other states. Cryptocurrency lending firm Genesis Global Capital and other crypto firms are under investigation by securities regulators in the United States, according to reports on Nov. 25.  Joseph Borg, Alabama Securities Commission Director, confirmed that its […]
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