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Coinbase puts former banking exec in charge of global compliance

Jul31
by on July 31, 2018 at 3:15 pm
Posted In: Around the Web, Hard Fork, Insider


Perhaps feeling pressure from worldwide regulators, international cryptocurrency exchange Coinbase has finally resorted to arming itself with a chief compliance officer, Reuters reports. They’ve put Jeff Horowitz in charge of keeping Coinbase in line as it continues its global expansion. According to Coinbase’s official release, Horowitz spent 12 years at Pershing LLC, a BNY Mellon Company – one of the largest brokerage custody firms. He was also its global head of anti-money laundering (AML), perhaps highlighting how closely Coinbase has been paying attention to the concerns of international committees such as the G20. “Before joining Pershing, Jeff led various compliance…

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Lithuania: You are welcome

Jul31
by on July 31, 2018 at 1:23 pm
Posted In: Around the Web, Contributors


If you ever feel like moving to Lithuania, please do, bring your partner, bring your friends. In stark contrast to the words and actions of an increasingly worrying amount of leaders and nations around the world, there’s always something different about smaller countries. Our (current) globalized economy has meant that workers shift around the globe, looking for the roles and opportunities that suit them. Large nations with large economies have never had to try particularly hard to attract foreign workers, sporadically resulting in counter reactions to the people that a country claimed to need in the past. Despite physical and…

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Researchers find tons of red flags in Bitfi’s ‘unhackable’ cryptocurrency wallet

Jul31
by on July 31, 2018 at 12:59 pm
Posted In: Around the Web, cryptocurrency, Hard Fork, Insider


Last week, John McAfee offered up $100,000 to anyone who could break into the Bitfi wallet – a device advertised as the world’s first completely “unhackable” cryptocurrency wallet. Bitfi even asked that all attempts be made public. An ad-hoc collective of hackers and security researchers is doing just that, already finding a bunch of kinks that throw the device’s security into question. While nobody has managed to claim the $100,000 reward for stealing the $50 worth of cryptocurrencies inside, the squad have torn it apart. Ryan Castellucci, software engineer and hardware hacker commented that Bitfi appears to be exactly what it seems to…

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a couple of laughzillas on a blue diamond background

Researchers find tons of red flags in Bitfi’s ‘unhackable’ cryptocurrency wallet

Jul31
by on July 31, 2018 at 12:59 pm
Posted In: Around the Web, cryptocurrency, Hard Fork, Insider


Last week, John McAfee offered up $100,000 to anyone who could break into the Bitfi wallet – a device advertised as the world’s first completely “unhackable” cryptocurrency wallet. Bitfi even asked that all attempts be made public. An ad-hoc collective of hackers and security researchers is doing just that, already finding a bunch of kinks that throw the device’s security into question. While nobody has managed to claim the $100,000 reward for stealing the $50 worth of cryptocurrencies inside, the squad have torn it apart. Ryan Castellucci, software engineer and hardware hacker commented that Bitfi appears to be exactly what it seems to…

This story continues at The Next Web

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Steam removes controversial game accused of mining cryptocurrency

Jul31
by on July 31, 2018 at 9:50 am
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork, Insider


Steam has removed “trivial platformer” game Abstractism from its store following accusations that the game is surreptitiously stealing users’ computing power to mine cryptocurrency. “We have removed Abstractism and banned its developer from Steam for shipping unauthorized code, trolling with content, and scamming customers with deceptive in-game items,” Doug Lombardi, VP of Marketing at Steam, told Hard Fork in an email. Eurogamer reports the story first surfaced after YouTuber SidAlpha highlighted how the game was using excessive amounts of GPU and CPU resources, despite being a very visually and technically simple game. Under further scrutiny, it became evident that even…

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