Personal Information of Ledger’s 272,000 Customers Dumped on Raidforum

Personal Information of Ledger’s 272,000 Customers Dumped on Raidforum

Details include name, address, email, and phone number.

A popular crypto hardware wallet, Ledger is receiving a lot of backlash for getting its 272,000 customers’ personal data leaked.

Ledger took to Twitter to share that the contents of Ledger’s customer database have been dumped on Raidforum.

“It is a massive understatement to say we sincerely regret this situation. We take privacy extremely seriously,” said the company on Twitter. The company further said that “avoiding” such situations is their top priority.

Also, Ledger has “learned valuable lessons from this situation,” which it says will make their wallet “even more secure.”

The data was first leaked in July, and since then, the company has hired a new Chief Information Security Officer. The company has taken down over 170 phishing websites since the original breach, it said.

Ledger has also “notified the French data protection authority” about this data breach, and it is now working with other data protection authorities across the world.

The company has sent emails to “all 9500 affected customers” whose personal details, including name, address, email, and phone number, have been leaked.

Crypto assets in the wallet are safe as long as you have stored your seed responsibly; it’s the personal information of those users who bought the Ledger between 2019 and now that has been compromised. Most users fear that their the linked addresses to crypto wallet purchases will create an opportunity for thieves to steal the wallet from homes or physically attack someone to get the cryptocurrencies inside the Ledger wallet.

Fantastic from ledgerwallet

“I think it’s time to stop recommending Ledger as a hardware wallet,” wrote one Redditor earlier this month as people continue to get phished.

Amidst the increasing concern among the people, Ledger CEO Pascal Gauthier will be coming on Peter McCormack’s podcast “What Bitcoin Did” to answer any questions regarding the hack.

To stay safe out there, users are advised to use 2FA, have separate emails, and not use phone numbers to secure anything.

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Author: AnTy

Game of Thrones’ Maisie Williams Name Drops Bitcoin; Did Arya Stark Help Propel BTC’s Run Today?

It is no wonder that as Bitcoin continues to rip higher and higher, more and more people are name dropping the leading digital currency. Currently trending on Twitter with 167,000 tweets.

The latest is Maisie Williams, known for her role of Arya Stark in the popular Game of Thrones series.

On Monday, she asked her 2.7 million followers on Twitter, whether she should “go long on Bitcoin.”

This got the crypto community started with memes and encouraging her to go in Bitcoin. Even Tesla CEO Elon Musk, who is also a Bitcoin proponent, joined in with his “Toss a bitcoin to ur Witcher.”

With a few hours still left in the voting, out of the current 889,833 votes, the majority, 53.6%, voted against going long on BTC.

Going long on an investment means purchasing with the expectation that it will go up in the future, while shorting is expecting it to decline in value.

This has been while the leading digital asset is up about 22% in November and 56% in the fourth quarter of 2020.

Just today, we hit just shy of $17,800, a level last seen on Jan. 7, 2018. But market participants still believe we are way short of the bubble levels, which saw BTC hitting the all-time high of $20,000 in 2017.

“While reversals are entirely possible, the best assets trade like this. Overboughtness can be cyclical and reversible, but it can also be sustained for long periods, especially for high growth assets,” noted Charlie Morris of ByteTree.

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Author: AnTy

ECB Files for a ‘Digital Euro’ Trademark as Central Banks Turn Focus to CBDCs

The European Central Bank (ECB) filed an application last week to trademark the name ‘digital euro’ as the CBDC craze gains momentum. A report by Bloomberg revealed that the ECB applied for the ‘digital euro’ trademark through its German-based legal representatives, Bock Legal. This development comes barely a week since ECB president Christine Lagarde confirmed that the regulatory body is exploring the potential benefits and downside risk of issuing a ‘digital euro.’

Speaking at the European Parliament, Lagarde highlighted that the EU is yet to make a decision on whether it will issue a digital euro. However, she was also keen to note that the bank is actively exploring the CBDC space as per its mandate in monetary oversight,

“We are exploring the benefits, risks and operational challenges of doing so … We have a duty to play an active role in balancing the risks and benefits of innovation in payments, so that money continues to serve Europeans well.”

While a practical digital euro phase may take some time, the move by ECB to trademark this name further shows the underlying potential of CBDC disruption. A newly released report by Deutsche bank estimates that around 80% of the world’s central banks have already embarked into some CBDC activity, even if its minimal research. In Europe for instance, Italy and France have already committed to participating in a digital euro-pilot.

China on the other hand is setting the pace for a tokenomics dominance, having begun the digital yuan pilot back in April. This initiative had been ‘under the hood’ for close to five years but was only piloted post-lockdown. People’s Bank of China (PBoC) is in charge of the digital yuan ‘e-RMB’ and intends to gradually replace fiat currency in circulation as part of scaling its monetary effectiveness in the age of cryptocurrencies.

Other jurisdictions that are likely to be at par or slightly behind China include the Bahamas and Thailand. The former is set to launch its CBDC ‘Sand Dollar’ this month while Thailand has partnered with Hong Kong to build a cross-border CBDC. This initiative is currently in the second phase where ConsenSys is set to lead product development, working alongside PWC and Forms HK.

Also Read: Fed Researching CBDC & Planning to Deposit ‘Digital Dollars’ Directly To the Digital Wallets of Americans

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Author: Edwin Munyui

Binance Crypto Exchange Gets Approval for Chinese Domain; Focus is on Tech and Education

Binance has acquired a Chinese domain name, following approval by authorities back in April.

The newly registered, binance.cn, was given the go-ahead by China’s Ministry of Industry and Information Technology. This development will see Binance expand its tech and education services into the Chinese market as opposed to the platform’s services.

In a recent tweet confirming this milestone, the exchange’s CEO and popular crypto figure, Changpeng Zhao (CZ) highlighted they will be taking one step at a time:

“One step at a time. Let’s focus on education and technology first.”

According to public records on this registration, the binance.cn domain falls under a company dubbed ‘Shanghai Bi Nai Shi Information Technology LLC’. Notably, the pronunciation is similar to ‘Binance’ in Chinese.

ChainNews, the crypto media outlet which first reported on this development, noted that the firm has one legal rep going by the name, Junxi He.

Binance Expands Blockchain Tech & Education to China

While most expected the launch of a crypto exchange, Binance seems to have taken a more conservative approach with China’s prospective market. The new website touts the firm as the global leader in blockchain development.

It goes on to further state that Binance aims to equip China’s blockchain market through consulting, investment, development charity, and research. Also included is a section of guiding blogs meant to help crypto newbies and veterans navigate finance, cryptography, and blockchain.

Just recently, Binance had pioneered a research institute in China with a focus on blockchain tech. This was initiated under the firm’s non-profit education subsidiary, Binance Academy, and is expected to be another growth factor in the new binance.cn domain.

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Author: Edwin Munyui

OneCoin Ponzi Scam Allegedly Resurfaces as OneLink With Ties to Simon Le

An infamous ponzi scheme has allegedly resurfaced under a new name, and is now operated by a prominent top earner in the company. The new entity is called OneLink and is a clone of the OneCoin ponzi scheme that The Times has described as “one of the biggest scams in history” as it brought in an approximate $4 billion worldwide.

OneCoin’s collapse led to the prosecution of 98 people across the globe, although its founder, Ruja Ignatova managed to evade authorities and made off with 500 million euros of laundered funds. She remains at large since 2017.

OneLink is OneCoin’s spiritual successor and copycat clone, run by former OneCoin “captain” Simon Le (real name Le Quoc-Hung). The new company reportedly surfaced on March 5th, 2020 under the domain “onelinknetwork.” Although he does not appear on the website, screenshots of a video presentation made by Le were posted by behindmlm.com that ties him to the new company.

Le has a sordid history with OneCoin and is believed to have joined the company during its inception. As a Vietnamese national, Le made most of his money by luring numerous victims in Vietnam into the organization, which quickly promoted him to the upper echelons of OnecCoin. He is alleged to have continued to promote the scheme even after the company’s Sofia offices were raided by Bulgarian police in 2018.

How much Le managed to steal from victims is unknown. He is reportedly hiding out in either Vietnam or Dubai – neither of which have extradition treaties in the US to face punishment for his involvement in OneCoin.

How OneLink works is as follows. The company offers no products or services, but people can promote OneLink’s affiliate program to others in order to earn commissions. The scheme has numerous aspects to its total compensation plan, which rely on recruiting others to fill an affiliate’s “downline.” Affiliates earn a recruitment commission of 10 percent as well as a residual commission via a binary compensation structure. A further matching bonus can be earned from an affiliate’s downline.

OneLink offers additional perks as part of being a top earner of the ponzi. People can reportedly earn a Rolex watch, a gold Rolex watch, or a ‘special reward’ for reaching the illustrious ‘Crown Diamond’ status inside the organization. Membership prices for OneLink start from $40 in USDT and can range up to $5,000 depending how much one is willing to invest.

The new ponzi directly copies OneCoin in many aspects from its compensation structure to the ‘services’ that are provided to affiliates. Most of the features have simply been renamed or rebranded under OneLink, such as its education package, e-commerce platform, trading platform, and charity scheme.

As a further stab in the back to the original OneCoin victims, Le offers them an “exclusive program” in exchange for being part of his new organization. Participants can redeem their old accounts for points in the new ponzi – but only if they first hand over more money to Li for the privilege.

A final remainent of OneCoin can be found in the new platform’s return projections, which was a core recruiting tactic of getting new people in the scam. Just as with the former, OneLink gives wholly unrealistic and made up numbers under its ‘OLX Internal Value Roadmap’ for how quickly the ponzi will grow in size before it either implodes or is shut down by authorities.

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Author: Matthew North

Circle To Boost Adoption of USD Coin (USDC) With Business Accounts and API Services

As Circle looks to dive deeper into making its stablecoin (USDC) a household name, it is continuing to spin-off acquired projects that aren’t a core business. Next up on the chopping block is the crowdfunding platform SeedInvest that it bought back in October of 2018.

Circle has the intention to remain focused on the development of stablecoin products, announced Jeremy Allaire, Circle’s CEO and one of the firm’s co-founders. Included in this process, the company will roll out new Business Accounts and Circle APIs, that will allow developers to build on top of the USDC network.

Circle Has Many Revenue Streams

While Circle has many revenue streams, it’s still trying to grow its development and research wings, on which it has focused on ever since the summer of 2019, when it started to offer USDC products

Over the last year, Circle sold the crypto exchange Poloniex that it has bought in 2018, closed its payments app Circle Pay, also sold Circle Invest and Circle Trade to Voyager and respectively Kraken, not to mention is at the moment considering to sell SeedInvest too.

SeedInvest, No Longer at the Core of Circle’s Business

According to Allaire, SeedInvest is no longer at the core of the business conducted at Circle. The CEO’s said,

“We exited the exchange business … so the need for that set of licensing just doesn’t exist anymore. The second thing is this whole kind of tokenization, having regulated broker-dealers and tokenized securities, that’s been slow-rolled.”

Ever since January, the company has also reduced its number of employees from 300 to 125 as a result of its many departments being sold. Regarding this, Allaire had to say that:

“We had about 100 people who went with these different spinouts … [it was] a natural way for people to go with those businesses and product lines.”

What’s Next for Circle?

Speaking to Coindesk, Allaire said his company is planning to announce additional stablecoin products.

“We’ve been executing like crazy on USDC,” he said. “We’ve tokenized over $1.6 billion in USDC, crossed the $500 million market cap recently.”

These products will firstly include new business accounts that Circle is planning to offer to startups the new products for free and then transition to a usage-based subscription afterward.

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Author: Oana Ularu

Popular XRP Exchange Exit Scammed 250k Users In 2019, Now Bitsane.com Gets Auctioned At GoDaddy

The domain name Bitsane.com has been auctioned on GoDaddy. It previously belonged to the Ireland-based cryptocurrency exchange that made a scam exit with hundreds of thousands of users’ assets with it.

After nearly 7 months of pulling the exit scam, the domain went on auction with 15 bidders making 80 bids with the latest one at over $1,500.

The estimated value was kept at $4,722 by GoDaddy which is an estimate of the true value of each domain on the basis of millions of historical domain name sales. However, this is not the ultimate price as the seller may ask for a price above or below this estimated value.

In May 2019, account holders were unable to withdraw BTC, XRP, and other cryptos from Bitsane when the company’s support team said the withdrawals were “temporarily disabled due to technical reasons,” only to go offline in late June. Bitsane’s Twitter and Facebook accounts were then deleted.

Over 100 of the users in the Telegram and Facebook group claimed to have lost up to $5,000. One user lost $150,000 worth of XRP and BTC stored in the exchange. As of May 30, the Bitsane website showed 246,000 registered with a daily trading volume of $7 million.

During the height of the bull run in late 2017, Bitsane attracted retail investors by allowing them to buy and sell the third-largest cryptocurrency XRP. At that time, CNBC published a story on Jan. 2, 2018 with the headline, “How to buy XRP, one of the hottest bitcoin competitors,” explaining how to buy BTC, ETH on prominent crypto exchange Coinbase then transfer it to Bissane to exchange it for XRP.

Right before the exit scam, someone withdrew XRP tokens from Bitsane whose flows were tracked to Binance, Bitstamp, and Coinbase. After that, Bitsane only came into the light only now when it’s domain name has been auctioned for sale.

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Author: AnTy

Disney Stops Justin Sun’s Attempt to Trademark “TRON” citing Brand Confusion

  • Disney stops Tron CEO’s attempt to trademark “TRON”
  • Tron using the name “in bad faith to trade off the goodwill of Disney and its famous brands.”
  • Justin Sun says these are nothing but false claims & FUD

Media giant Disney has blocked blockchain platform, Tron, from obtaining three trademarks, claiming they would damage its brand.

Last month, the US Patent and Trademark Office rejected Tron’s applications including for the brand name TRON.

Tron Foundation, however, reportedly hasn’t filed for a response.

“Tron gave up its half-hearted attempt to register trademarks in the US after Disney filed a strong Opposition alleging dilution & brand confusion,” Jake Chervinsky, general counsel for Compound stated on Twitter.

In response, Tron founder and CEO Justin Sun took to Twitter to claim the TRON being invalidated by Disney to be “FUD” and false. He says many of their field trademark applications aren’t challenged or affected by Disney.

Sun further said that they will continue to “actively prosecute” in the US adding they have already received trademark registrations in other countries.

“Those challenged by Disney belong to supplemental classes and were filed for defensive purposes. They do not affect Tron’s core trademarks,” added Sun.

Tron Foundation’s China partner Raybo technology first filed to trademark “TRON,” “TRONNETWOK,” and “TRONIX” in February last year. However, when Disney pushed back in August and Raybo failed to respond, the United States Patent and Trademark Office (USPTO) rejected all three applications by default.

In its Notice of Opposition filed by Disney in early August, the company argued that the proposed trademark would infringe on its sci-fi film series of the same name.

They pointed out that Tron has been using the name in all capital letters in a font/stylization that is “highly similar in appearance to the unique and distinctive” font and stylization of Disney’s TRON.

This the corporation says is used by Tron “in bad faith to trade off the goodwill of Opposer and its famous brands.”

Because Tron Foundation doesn’t issue any response to Disney’s notice in the following nine months, the patent office rejected their trademark applications by default.

“Tron clearly didn’t take the trademark registration process seriously,” Chervinsky told Decrypt.

“They never hired U.S. counsel to represent them, even though the USPTO explicitly ordered them to do so. They also didn’t respond to the USPTO’s notice of default, meaning they gave up on their trademark attempt completely.”

Chervinksy says though there’s nothing wrong in doing this, the “respectful” way to handle the situation was to withdraw the application and not to ignore the USPTO.

But if Disney wants, it can make the situation difficult for Tron as Chervinsky explains on Twitter, “if Disney’s serious about this, they could take Tron to court in a trademark infringement suit.”

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Author: AnTy

HTC’s New Low-Cost Blockchain Phone Exodus 1s Will Support Bitcoin Network By Running A Full Node

HTC – a Taiwanese electronics company has announced it’s new smartphone with the name Exodus 1s, empowering clients to run a full Bitcoin (BTC) node on a portable phone. Exodus 1s was launched this weekend at the Berlin’s Lightning meeting. HTC plans to clarify that the Exodus project is something beyond a unique case. Its accessibility will be in all the different forms of cryptographic money.

The new Exodus 1s is a lower-cost form of the evolving HTC’s blockchain-powered phone Exodus 1, which as of late has enabled the users to support BTC.

The firms stated that the estimated cost of the device would be $233 in the market. The new gadget will be accessible to purchase coins utilizing Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Binance Coin (BNB) and Bitcoin Cash (BCH). The Lightening payment network will be used to sell the upgraded version of Exodus 1 at the Berlin meeting.

Since it requires more data capacity to store the full bitcoin records, the gadget will enable its users to install a 400+GB SD card to enlarge its memory. As indicated by Blockchain, presently the size of the full record closes on 250 GB. The cell phone requires a wifi connection to run on a full node or a plug into a power source. Likewise, it can be utilized without such connections. Though the company recommends a connection to be used.

The cell phone features a built-in wallet to help clients safely store cryptographic forms of money. And features of the Exodus1 are 4 GB of RAM and 63 GB of capacity and keeps running on Android Oreo 8.1

The firm announced the device will be first available for clients in 27 countries like Europe, Taiwan, Saudi Arabia, and the UAE. It does not plan to be offered on sale in the U.S yet.

Decentralized Chief Officer at HTC – Phil Chen, expressed that Exodus 1s’s launch, the firm has brought down the barrier at an entry-level for any individual to run a node and take an interest globally. Exodus 1s‘ forerunner Exodus 1 was available for orders for presale last year on October 23 in 34 areas, including the U.S., U.K. and Hong Kong.

Not only concerns related to purchasing and selling cryptocurrencies, but cell phone makers are also progressively looking at blockchain innovations as an approach to reassure clients worried about the security of their private data.

The Chief Officer at HTC said – “We care about this portable identity and users owning their identity and data, and we believe that the phone is the best place to do that’’.

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Author: Sritanshu Sinha