AuthorCaleb Chen

Caleb is a graduate of the University of Virginia where he studied Economics, East Asian Studies, and Mathematics. He is currently pursuing his MSc in Digital Currency at the University of Nicosia.

Xapo Bitcoin Security Measures Use Satellites, Military Bunkers, and "Deep" Cold Storage

In a new blog post, Bitcoin company Xapo has revealed more about how they do security. Xapo has also revealed that they have passed a Service Organizational Control 2 (SOC2) financial audit by Burr, Pilger & Mayer LLP. The SOC2 financial audit is a component that many of Xapo's institutional partners require.   Xapo's CEO Wences Cesares told CryptoCoinsNews that Xapo's new security measures...

PricewaterhouseCoopers Response to HM Treasury on Digital Currency

At the close of 2014, at the start of November, HM Treasury, the UK government's financial body, opened a public consultation (call for information) on digital currencies period to last until December the 3rd (2014). Asking a broad set of questions to be answered by the public, individuals, businesses, or any other interested parties. They sought to gain a better understanding of the...

Undercover Silk Road Agent Believed Dread Pirate Roberts (DPR) to Be Mark Karpeles of Mt. Gox

Is Mark Karpeles the infamous Dread Pirate Roberts? The Ross Ulbricht trial currently ongoing in New York City has taken an unexpected turn. The defense, with the help of the undercover Silk Road agent working for the Department of Homeland Security, Der-Yeghiayan, has seemingly successfully presented the case that the culpable Dread Pirate Roberts behind Silk Road was not Ross Ulbricht but Mark...

Russia Has Blocked Several Bitcoin Sites in Preperation for Russian Bitcoin Ban

The Russian Bitcoin Ban is still incoming, so it seems. Russian telecom regulator Roskomnadzor has finally acted on a court order from 2014. Russia is currently blocking access to several (seven at last count) Bitcoin-related sites. These websites have been blocked because Bitcoin contributes to the growth of the shadow economy." Some feel that this is just a warm-up for the upcoming Russian...

Bitcoin Exchange Bitstamp Is Back Online with Multi-sig Security after Hack

Slovenian Bitcoin Exchange Bitstamp is now back online with better security than ever. Bitstamp made waves in the mainstream media over the last several days when it went offline after a confirmed hot wallet breach. Everything started four days ago when Bitstamp informed users that it was no longer honoring deposits made to old deposit addresses due to the wallet breach. Soon after, Bitstamp took...

Bitcoin Mining Company Butterfly Labs (BFL) Reopens; Starts Issuing Refunds

Infamous Bitcoin mining company Butterfly Labs (BFL) has reopened and has an updated website following their tussle with the FTC. The FTC started investigating Butterfly Labs in late 2014 because "consumers who have purchased the machines or services cannot use them to generate Bitcoins because Defendants [Butterfly Labs] never provide them with the machines or services." BFL would regularly mine...

Bitcoin Exchange Bitstamp Confirms Loss of ~18,866 BTC (~$5 million USD) from Hot Wallet

Bitstamp CEO Nejc Kodrič has confirmed in a statement that "less than 19,000 BTC" was stolen due to a Bitstamp operational wallet being compromised. CCN has previously reported on this Bitcoin wallet, which seems to hold 18,866 BTC that was clearly siphoned away from Bitstamp hot wallets during the alleged timeframe of the Bitstamp hack.  Notably, Kodrič does not use the word "hack" in any of his...

Did a Bitcoin Exchange Just Lose 12% of Its Bitcoins? Possible Bitstamp Hack Address Contains 18,866 Stolen BTC

A bitcoin address containing ~18,866 bitcoins may hold the stolen bitcoins from the Bitstamp hack on January 4th. Bitstamp confirmed last night that "we have reason to believe that one of Bitstamp’s operational wallets was compromised on January 4th, 2015." According to data maintained by Bitstamp users keeping an eye on the public Bitcoin blockchain, Bitstamp may have been "hacked" for 12% of...

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