Search results for cryptopia

Despite the interest in bitcoin as well as other cryptocurrencies has grown rapidly, there are still lots of people that are cautious about it. While faithful adepts of the crypto industry argue that cautiousness is caused by the lack of awareness, there might also be other reasons for the lack of trust.

The story of the notorious New Zealand-based Cryptopia exchange seems to have finally come to an end. On April 8, the High Court in Christchurch arrived at a verdict that all stolen funds are a property of the company’s customers. Thus, people might finally get their money back.

Lazarus, a famous hacking group originating from North Korea, might be trying to steal Bitcoin and other digital currencies through Telegram. Previously, the hackers from this illustrious group have managed to crackdown a good number of cryptocurrency exchanges and run away with a huge amount of money, and other victim exchanges have declared their bankruptcy.

A couple of giant cryptocurrency exchanges globally faced it hot this year especially after experiencing repetitive attacks from unknown hackers. Due to these attacks, both the investors and exchanges lost billions and billions of their money. This year saw quite a few weighty hacking episodes, we have brought you some of the major breaches of 2019.

The allocated liquidator for Cryptopia, the collapsed New Zealand-based cryptocurrency exchange, has managed to recover around NZ$7.2 Mln (approx. $5 Mln) on balance since it was attacked by anonymous hackers for feasibly $18 Mln early this year. The exchange went into liquidation back in May after facing a gigantic attack by deadly unknown hackers in January.

Recent UN reports shows that North Korea (DPRK) has managed to amass around $2 billion for its weapons of mass destruction (WMD) activities via cyberattacks that illegally accessed people’s bank accounts and digital currency exchanges.

One of the most important features of cryptocurrency is its ability to offer a user full anonymity and privacy. Is it good? A challenging question. For most people tend to believe that anonymity is something important only for fraudsters and criminals. And this is partially true. However, ordinary people also need privacy to protect their everyday life.

When Bitcoin started to be used as an alternative means of payment, it was looking like garbage in the eyes of the oblivious public. The flagship cryptocurrency was adjacent to a mediocrity especially in the first six months between 2009 and 2010, with a value above 13 cents. It was during the summer of 2010 when most people started to hear and get to know the importance of it. Most online and offline news platforms picked interest in it and started writing and researching about it.

Most of the top 100 leading coins have been showing positive results this month. Some of them skyrocketed up a marvelous 3,000%, while Bitcoin has found support at the $12,000 mark after a recent correction to $10,500.