Singapore-based cryptocurrency exchange Huobi, one of the world’s largest exchange by daily volumes, has received the Japanese Financial Services Agency (FSA) approval to operate within the country.

The news comes following Huobi’s merger with BitTrade, in a relaunched move that will now see Huobi Japan operate legally within the country.

Huobi Group Founder and chief operating officer namely ‘Leon Li’, aforementioned that securing the license represents a big milestone for Huobi, considering the importance of the Japanese market.

Huobi Japan looks set to continue offering clients top-notch trading services while growing their international presence in Japan and worldwide.

Huobi Global’s completely owned subsidiary, Huobi Japan Holding Ltd., acquired a majority stake in BitTrade earlier in Sept. 2018. At that time, BitTrade was one among the solely sixteen crypto exchanges within the country to possess a secured license from national monetary regulator FSA [Financial Services Agency].

The FSA is known to have a tight grip on local exchanges, firmly reacting to security breaches after...

Read More: https://bitzamp.com/crypto-exchange-huobi-gets-fsa-license-in-japan-after-merging-with-bittrade/

Major Cryptocurrency exchange Binance has frozen tokens which came to its wallets by the entity hacking the New Zealand exchange Cryptopia, CEO Changpeng Zhao reported on January 16 in a tweet.

The Binance CEO said:

Just checked, we were able to freeze some of the funds. I don't understand why the hackers keep sending to Binance. Social media will be pretty fast to report it, and we will freeze it. It's a high-risk maneuver for them.

And a lot of work for us, which we wish to avoid, but we will do them diligently, to protect users.

Zhao and his exchange have earned a reputation across the industry as among the safest and secure exchanges and were quick to react to the situation by freezing the stolen crypto.

Zhao also took to Twitter to speak openly about general security in the cryptocurrency space, further cementing him and his exchange’s status as the keeper of security in the cryptocurrency industry.

The amounts sent to Binance in question include roughly $7,500 in Metal (MTL) $0.23298 -2.27%, $6,750 in KyberNetwork coin (KNC) $0.13726 -0.48%, $7,181 OmiseGO tokens (OMG) $1.27258 +0.02%, and $8,724 in EnjinCoin (ENJ) $0.03374 +0.37%. All of it totals around $30,000.

Changpeng Zhao was made aware of the stolen funds by twitter user @ShaftedTangu who also...

Read More: https://bitzamp.com/binance-blocks-funds-stolen-in-cryptopia-hack/

Ethereum’s long-anticipated Constantinople upgrade has just been called for a delay just hours before the hard fork was scheduled to go live on the third-largest cryptocurrency’s network.

The issues were discovered by ChainSecurity, prompting the #DevelopmentTeam  to call a delay to the new protocol as the issues could not be fixed in time.

In a conference call, Ethereum’s lead developers discussed the flaw, noting that the hard fork will be delayed for an unforeseeable amount of time while they fix the issue. The new date for when Constantinople will be implemented will be released in another conference call this Friday.

According to ChainSecurity, the fork’s vulnerability is called a reentrancy attack that allows bad actors to reenter the same function multiple times without the network updating to account for the actions they took, essentially allowing them to continuously withdraw funds.

Read More: https://bitzamp.com/ethereums-constantinople-hard-fork-delayed-due-to-security-flaw/

Japan’s Financial Services Agency (FSA) has denied that it is considering allowing Bitcoin (BTC) exchange-traded funds (ETFs).

Last week, several sources including Bloomberg reported that Japan is exploring the possibility of approving Bitcoin ETFs as an alternative to Bitcoin futures.

The FSA has now denied its interest in ETFs, for the time being, suggests the news reported at Bloomberg may have been fed by someone with an interest in reviving interest in crypto trading in Japan.

A spokesperson for the agency clarified on Friday:

There is no such fact that we are considering approving ETFs which track crypto-assets at present … we are not currently considering approving them.

Read More: https://bitzamp.com/japan-regulators-denies-considering-approving-a-bitcoin-etf/

Users of the recently-launched DX Exchange were warned of some major security issues with the platform, just days after it went live.

The security bugs which was discovered by an online trader who requested that his identity is kept secret managed to collect over 100 JSON Web Tokens that could have resulted in the access of their corresponding user accounts.

The DX.Exchange have come out to inform their users that the potentially serious security issues have now been patched and all bugs fixed.

As per the company’s blog, DX.Exchange has successfully patched and shut down a security vulnerability, resulting from an authentication token...

Read More: https://bitzamp.com/dx-exchange-fixes-security-vulnerability-that-exposed-users-data/

Newly-launched tokenized trading platform, DX.Exchange has serious security issues which can easily jeopardize its users' sensitive data and funds if it falls into malicious hands.

An online trader whose identity remains a secret for legal reasons ran some checks on the newly launched Dx.Exchnage platform and found out that the site was leaking some sensitive legal and financial data, which puts users’ sensitive data, even their funds in danger.

According to the trader, he created a dummy account as he still wanted to see the platform’s robustness as well as ensure the security level, since it collects a fair amount of users’ sensitive information, such as financial and legal data.

Soon after turning on the developer tool in the Google Chrome browser to explore further, he found out some shocking details.

Read More: https://bitzamp.com/dx-exchange-has-serious-security-weaknesses-that-can-leak-users-sensitive-data/

The wife of one of Norway's wealthiest businessmen has been kidnapped, and those responsible are reportedly asking for the 9million EUR (10 million USD) ransom to be paid in privacy coin Monero (XMR).

Anne-Elisabeth Falkevik Hagen, an 88-year-old woman has been missing since the 31st October 2018, now, police reveal that kidnappers have asked for €9 million in the privacy based cryptocurrency, Monero (XMR).

Mrs. Hagan’s Husband, Tom Hagan is said to be Norway’s 172 richest people, making it clear as to how, and why, kidnappers chose their target.

A written message was found in the Hagen house, which demanded a $10 million ransom of Monero also made threats to the life of Hagen, should the media or law...

Read More: https://bitzamp.com/norwegian-kidnappers-demand-10m-monero-ransom-for-millionaires-wife/

Amazon stock will double in 3 years, says hedge funder, Bill Miller whose firm invested $1 billion in bitcoin in 2017.

Miller told CNBC on Monday, saying that it’s not unrealistic to expect Amazon stock to double, noting that the online retailer’s “addressable market is so gigantic.”

According to Miller, Microsoft's market value stands at about $785 billion. In September, Amazon reached a $1 trillion market cap for the first time before losing ground in the late-year sell-off.  Despite that sell-off, Amazon is still up 30 percent over the last 12 months.

Read More: https://bitzamp.com/investor-bill-miller-believes-amazon-stock-will-double-in-3-years/