Dark Web Security Vulnerabilities Lie at the Center of AlphaBay Crypto Fraud

Colleagues, we all know that the cryptocurrency ecosystem is a high-value target for cyber criminals worldwide. Nowhere is this more evident than the recent seizure of some $8.8m USD in cryptocurrencies along with another $14m of tangible assets from deceased cyber criminals Alexandre Cazes. Operating from Thailand Cazes amassed over 1,600 Bitcoins and another 8,300 Ethereum tokens from his illicit AlphaBay empire. A US Magistrate ordered this seizure with the aid of Thai officials. AlphaBay is believed to have its origins in the defunct dark web Silk Road platform. Bottom line: Crypto investors small and large are reminded that their assets are at from cybercrime and need to maintain the highest level of security. We recommend once again that investors and traders alike only engage with established and proven crypto exchanges, wallets, infrastructure providers and custodian service providers. Cyber criminals are relentless and crypto investors must be as well. Share your thoughts today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/) 

Introducing Crypto Coin Sniper

Colleagues, have you heard about Crypto Coin Sniper? I am talking about the automated crypto software that can make you up to $3,000 daily, all from just a few minutes work! That’s because the software does everything for you. All you have to do is place the trades it tells you to make and collect your profits! Because everything is done online, you can make money from just about anywhere. All you need is an internet connection and you’re good to go. Make money on the train, at the office or from your 5-star hotel in the Maldives. It takes less than 20 minutes to set up Crypto Coin Sniper and absolutely no trading experience is required. And you too could have your first $3,000 day with as little as a $50 investment! Visit us today at: http://bd2573gipo3gmpa7voslp7wnfv.hop.clickbank.net/… The money making power of this software is unparalleled. Regards, Lawrence Wilson

Is a security breach of a defunct Mt. Gox crypto wallet responsible for the movement of $720m Bitcoin?

Colleagues, a Mt Gox wallet worth some $720 is the prime suspect in the movement of up to $720 Bitcoin since the Japanese exchange went out of business in 2014. To date some $100m has been transferred from this anonymous wallet to the Binance and Bitfinex exchanges. While some experts believe this infamous wallet is linked to the Dark Web’s Silk Road portal, most evidence points to the defunct Mt Gox exchange. Two fundamental questions arise. First, who (or whom) controls this wallet? Second, what is their motive? Numerous theories are floating across the global cryptosphere. Nonetheless, given the fact that Mt Gox was founded in 2010 – the very early days of cryptocurrencies – there is a high likelihood that the funds contained on this wallet were (and perhaps still are) being used for drug trafficking, payment for contraband and/or to evade trans-border trade sanctions. Our goal is to present facts not idle speculation; however, we are confident that the movement of these funds is due to some form of cybercrime. As such, we will add this topic to our crypto-cyber “watch list”. Share your thoughts today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/)  

Will Samsung’s Blockchain Strengthen the Security for International Trade and Commerce?

Colleagues, with the goal of reducing shipping costs by 20% while increasing the security of imports and exports, South Korea’s Samsung Electronics is building a building a distributed ledger system (DLS) to track international trade. Samsung is partnering with the Samsung is partnering with Ktnet, the Ministry of Oceans and Fisheries , the Korea Customs Service, Ministry of Oceans and Fisheries, IBM Korea and Hyundai Merchant Marine. South Korea is surely an early adopter of cryptocurrency tokens, exchanges and mining. This initiative represents a major test as the country seeks to extend Blockchain technology to international trade via a private-public sector consortium. Simultaneously the Korea Internet and Security Agency (KISA) intends to increase the number of Blockchain pilot projects in 2018 from six to twelve. While the financial services sector is the target of most high profile cybercrime, international trade and shipping is a “high value” target for opportunistic cyber criminals. We will report in late 2018 on the implementation of this project.

Share your thoughts today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/) 

Crypto Mining Rocked Once Again by the Sentencing of GAW CEO Garza – Buyers Beware

Colleagues, crypto mining has been overwhelmed with illicit cybercrime from within and without. The sentencing of GAW CEO Josh Garza is simply the latest assault on the dubious mining sector. The crypto mining sector consists of three components – ASIC vendors such as AMD and NVidia, legitimate mining firms like Bitmain and the rather amorphous niche of mining services resellers. GAW falls into the mining services niche. In fairness to all, there are legitimate mining services firms such as Genesis, Hashflare, Eobot to name a few (visit Tech Radar for a more comprehensive list). GAW’s downfall was due to greed – pure and simple. Reseller more services than it actually had under contract was a classic Ponzi scheme. We have extensively reported on the onslaught of cybercrime targeting the vulnerable mining sector …, which was pervasive in 2017 and has reached epic proportions in 2018. Bottom line: Buyers beware. If you want to participate in the attractive crypto mining space a double [portion of due diligence in a necessity. Verify the firm’s background, Board of Directors, investors, check for any complaints filed with the US FTC or US SEC, have a legal expert review their terms and conditions, and speak directly with current customers large and small regarding the firm’s stability. Share your thoughts today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/) 

The Merger of Crypto and Stock Exchanges – Will Binance and MSX Set an Example for Other Exchanges?

Colleagues, the world’s largest crypto exchange according to CoinMarketCap, Binance, is teaming up with the Malta Stock Exchange (MSX) with the goal of delivering security token trading. Granted, the MSX is no match for the NYSE or NASDAQ, however, the “Blockchain Island” may serve as a bellwether for the co-existence and perhaps the integration of cryptocurrency and conventional securities trading. The Cryptocurrency Academy foresees three future scenarios. First, crypto exchanges continue to operate independently as so-called crypto “pure plays”. Second, public stock exchanges enable the trading of digital crypto assets on their platforms. The US-based NASDAQ is pursuing this trajectory. Third, is the Binance-MSX model whereby crypto and public securities exchanges seek to merge their platforms to serve both digital and traditional assets. The linchpin is whether a sovereign government considers cryptocurrencies as bona fide “securities” …, which is a topic of major debate by the US SEC and its overseas counterparts. Share your thoughts today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/)  

NASDAQ Analytics Hub - One Small Step for Man … One Giant Leap for Cryptocurrency Trading?

Colleagues, the Cryptocurrency Academy has closely tracked and reported on the NASDAQ’s interest in trading cryptocurrencies. Therefore, it comes as no surprise that CEO Adena Friedman was recently quoted by Ethereum World News that is now beta testing a Crypto Pricing Prediction Model, which would become part of the exchanges’ Analytics Hub. Moreover, Friedman is on record as stating NASDAQ would “consider becoming a crypto exchange over time.” We believe there are two fundamental issues standing between the NASDAQ and its implementation of full-blown crypto trading services: Security and Regulation. The global crypto ecosystem has been wrought with security breaches on all sides during the past two years. Moreover, the US SEC has been sending mixed signals with regard to its consideration of cryptocurrencies (and related ETFs) as financial “securities”. Security threats and lack of regulatory clarification notwithstanding, we believe NASDAQ’s drive to be on the bleeding edge of financial innovation will lead it to provide crypto trading and exchanges services within 12-24 months. Send us your thoughts today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/)