Buying BTC, ETH, XRP and BCH is being mass-produced in Singapore by one of the largest banks

There’s a big announcement for BTC, ETH, XRP, and BCH. These come freshly baked from the blast furnaces of one of the largest private and commercial banks in Singapore.

Bank DBS announced that it plans to launch a crypto trading platform that will support all of the above cryptocurrencies

This is definitely good news for Bitcoin, Ethereum, Ripple, and Bitcoin Cash. The cryptos in question are to be paired with the Singapore dollar, US dollar, Hong Kong dollar and Japanese yen.

The bank initially published a press release about the introduction, but quickly withdrew it. Representatives now say the project will start as soon as it gets regulatory approval.

The bank also announced that it would also allow companies to issue security tokens. The DBS plans to keep the crypto assets in custody. However, it is not yet clear whether customers will be able to move their BTC, ETH, XRP and BCH to private wallets.

Three Arrows Capital Su Zhu says the move will immediately make the bank the easiest way to buy crypto in Singapore

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The Ledger wallet company passes its SOC 2 Type 1 test

The process aimed to ensure that the company handles its customers‘ information properly.

Ledger, a crypto coin company that provides various hardware wallet solutions, obtained a successful System and Organisation Controls, or SOC, Type 1 test.

Friedman LLP, a New York-based accounting firm, performed the SOC 2 Type 1 test at Ledger, according to a statement provided to Cointelegraph:

„By obtaining the SOC 2 Type 1 report, we can now provide an additional layer of verified security to our clients, ensuring that the Vault solution is secure at all times and that we have the processes in place to guarantee availability.“

A crypto-currency storage solution for large players and companies, Ledger Vault operates as a custody wing under the larger company, Ledger.

The SOC 2 test analyses a company’s security through an audit, verifying the proper handling of customer information by service based entities. „As evidence of compliance with the AICPA audit procedure, the SOC 2 Type 1 report shows that a SaaS (software as a service) company has best practices in place,“ explained a post on the RSI Security blog. „It gives potential customers the assurance that a service organisation has passed that audit procedure, and that their data is safe if they work with the SOC 2 compliant company,“ the publication added.

In contrast, a SOC 2 Type 2 test raises the bar, comparing it with more detailed standards while requiring a longer period of time to obtain approval.

During the analysis of SOC 2 Type 1, Friedman investigated Ledger on several levels, including its disaster recovery strategy and security, as well as a number of other technical details. „Receiving this certificate is an achievement, as it shows that our processes and systems are streamlined, documented and generally secure,“ said Ledger’s chief technology officer, Charles Guillemet, in the statement. Next year, the company aims to achieve SOC 2 Type 2 approval, according to comments in the statement from Ledger CEO Pascal Gauthier.

The green light for the examination comes after Ledger suffered a database leak several months ago, which exposed its customer information. The popular hardware wallet company fixed the root of the problem after the damaging incident.

The Gemini crypto coin exchange announced that it had similarly passed its SOC 2 Type 2 test in January 2020.

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KuCoin is gradually returning to normal

KuCoin is back! – On September 25, 2020, KuCoin was the victim of a massive attack. Hackers managed to extract a total of $ 281 million worth of cryptocurrency from its hot wallets. Since then, the platform has led its counter-offensive, and has managed to recover a large part of the funds stolen, thanks to its partners in the cryptosphere.

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Already $ 204 million in cryptos recovered

It was the heist of the century at the end of September for KuCoin , several hot wallets of compromised crypto-assets were emptied by hackers, including more than 1,008 bitcoins (BTC), 26,733 litecoins (LTC), nearly 10 million stellar lumens (XLM), 18 million XRP , and most importantly $ 153 million in ethers (ETH) and various ERC20 tokens .

Despite the shock, the KuCoin teams were able to react quickly, in order to mitigate the effects of the attack.

By working in concert with the other exchange platforms and the teams of the crypto projects concerned, the CEO of KuCoin, Johnny Lyu , was able to announce that 204 million dollars of the 281 stolen had already been recovered.

The manager of the platform also said that the investigation to trace the perpetrators of the piracy was on track :

“After a thorough investigation, we have found the suspects responsible for the security incident on KuCoin, and we have substantial evidence on hand. Official authorities and police forces are fully involved to act accordingly ” .

KuCoin resumes normal operation

In the course of last week, KuCoin has announced that deposits and withdrawals of bitcoins , of ethers and USDT were again fully available on the platform.

According to the latest news, a total of 102 cryptocurrencies , all of the services of which have been completely reactivated . A few days after this large-scale hack, KuCoin worked to restore the full availability of the many crypto projects present on its platform.

For users, it should be noted that new wallet addresses have been set up for most projects. Even if it is still possible to use the old addresses, it is recommended to switch to the new ones as soon as possible, for obvious security reasons .

Veröffentlicht unter Bitcoin vonadmin

El precio de Bitcoin de $ 12K vuelve a la mesa después de que BTC se recupera por encima de los $ 11.4K

El precio de Bitcoin subió a $ 11,491 después de que los alcistas lograron cambiar el nivel de $ 11K de resistencia a soporte.

El viernes, el precio de Bitcoin ( BTC ) finalmente logró romper por encima del triángulo simétrico donde el precio se había estado comprimiendo durante los últimos 30 días. Después de mantener el nivel de $ 11,000 en el cierre diario, el precio subió a $ 11,448 en múltiples aumentos de volumen.

El 8 de octubre, el colaborador de Cointelegraph, Micheal van de Poppe, explicó que, en su opinión:

“Si el precio de Bitcoin atraviesa la zona de resistencia de $ 11,100- $ 11,300, se puede esperar más optimismo hacia los $ 12,000. Esto hace que el área de $ 11,100- $ 11,300 sea una zona crítica para continuar „.

Actualmente, el precio se mantiene por encima de $ 11,400 y se encuentra con una resistencia de $ 11,489, que está justo en la parte superior de la vela del 3 de septiembre, que vio al BTC caer un 13% a $ 9,960. Este nivel se alinea con el nodo VPVR que se extiende desde $ 11,400- $ 11,740, pero si los alcistas pueden superar este grupo de resistencia, otra carrera en la marca de $ 12K está en las cartas.

En el período de tiempo diario, el índice de fuerza relativa ha aumentado a 65, una señal alcista, y el histograma MACD refleja claramente el aumento actual en el impulso.

Como siempre es el caso, los comerciantes diarios deben vigilar de cerca el volumen, ya que la falta de este durante los últimos 30 días es la razón principal por la que el precio de Bitcoin es plano y está por debajo de $ 11,000.

El precio de Ether ( ETH ) también dio un giro alcista, al perforar una línea de tendencia descendente clave para subir un 3.08% a $ 378

En el momento de escribir este artículo, la altcoin superior encuentra una resistencia de $ 375, donde hay un nodo VPVR de alto volumen que se extiende desde $ 376- $ 389. Si los alcistas pueden mantener el impulso actual y atravesar esta zona de resistencia, el precio de Ether podría llegar a $ 419.

A medida que BTC y Ether se recuperaron, la mayoría de las altcoins siguieron su ejemplo con ganancias de dos dígitos. Cardano ( ADA ) ganó un 10,19%, Chainlink ( LINK ) añadió un 11,4% y Aave ( LEND ) se recuperó un 15%.

Según CoinMarketCap , la capitalización general del mercado de criptomonedas ahora es de $ 361.5 mil millones y el índice de dominio de Bitcoin se encuentra actualmente en 58.4%.

Veröffentlicht unter Bitcoin vonadmin