Cryptocurrency wallet MyCrypto and its recent acquisition Ambo have both announced major updates of their software — with MyCrypto adding a multi-account management system. A major overhaul According to a news release shared with Cointelegraph on Oct. 10, MyCrypto’s software has seen a major overhaul with a new user interface and a new homepage, dashboard, screen lock, an updated address book and outgoing transaction procedure. The new features have only been included in the beta (early access) version of the wallet so far, and there is no timeline for when they will fully go live. Ambo’s decentralized exchange integration Furthermore, …

Cryptocurrency exchange Bitfinex in conjunction with EOSFinex, its decentralized trading platform, have announced that they had successfully completed a “chainswap” to convert $5 million worth of Tether (USDT) stablecoins onto the EOS blockchain protocol. According to a press release shared with Cointelegraph on Oct. 5, this way the companies aim to “provide the EOS DApp ecosystem with a stable and liquid store of value to reduce the risks pertaining to digital assets' volatility.” Bitfinex CTO Paolo Ardoino added: “Promising projects aren’t getting the light of day with current congestion and volatility issues on other chains, and that is why there’s …

BitShares Decentralized Exchange (DEX) gateway CryptoBridge announced on Oct. 1 that it has implemented mandatory user Know Your Client (KYC) verification. European regulation is responsible According to the announcement, the reason for the upcoming mandatory KYC is the 5th EU Anti-Money Laundering Directive (AMLD5). Interestingly, CryptoBridge also noted that the company wants to challenge international financial regulation, writing: “While we still strive to present new challenges for international financial regulation, we are facing the 5th EU Anti-Money Laundering Directive (AMLD5) and will adjust our gateway services to pave the way for CryptoBridge moving forward.” Because of this policy change, all …

Ethereum (ETH) decentralized exchange protocol AirSwap’s developers announced that they have discovered a critical vulnerability in the system’s new smart contract. AirSwap’s team announced its findings and a possible solution for all potentially affected users in a Medium post published on Sept. 13. A limited vulnerability Per the release, on Sept. 12 AirSwap’s development team found a vulnerability in a new smart contract, which has already been reverted to an older version in under 24 hours after the discovery. The exploit in question could have allowed an attacker to perform a swap without requiring a signature from a counterparty under …

Blockchain platform Waves has added support for Ethereum-based (ETH) ERC-20 compliant tokens to its decentralized exchange (DEX). The platform announced the new feature on Aug. 22, and hopes it will have a positive impact on the crypto community. Recently, the Waves team also launched a new gateway with support for Vostok and Ergo tokens. High hopes for the feature The Waves team is also aiming to attract new traders and assets to the platform. The post also promises: “Soon, you will see new trading pairs with ERC-20 tokens. Last year, we conducted voting for listing ERC-20 token. Bancor (BNT) won …

Major crypto exchange Binance has added support for multiple decentralized exchanges (DEX) to its Trust Wallet by integrating the Kyber Network protocol. The development was revealed in an official announcement shared with Cointelegraph on July 24. As previously reported, Binance acquired Trust Wallet — an open-source, decentralized wallet that initially offered native support for Ether (ETH) and Ethereum-based tokens — in summer 2018. After extending the wallet’s support to multiple cryptocurrencies, Binance released the wallet on its non-custodial platform Binance DEX this June. Following integration with the Kyber Network liquidity protocol — a dedicated platform for cross-token trading solutions — …

The Ethereum (ETH) smart contract of 0x (ZRX) decentralized exchange (DEX) protocol has been suspended after a vulnerability has been uncovered in its code, the project’s team announced in a Medium post published on July 13. Per the announcement, third-party security researcher samczsun warned the 0x team about the vulnerability in the exchange smart contract and, after evaluating it, the team suspended the exchange’s contract and the AssetProxy contracts. The vulnerability would have allowed an attacker to fill certain orders with invalid signatures. The announcement reassures that one has exploited this vulnerability and no users have lost their funds. The …

Major cryptocurrency exchange Binance announced BTCB, a bitcoin (BTC)-pegged token on its native blockchain, Binance Chain, in a blog post on June 17. Per the announcement, the newly-released BEP2 token will be traded on Binance and will also be available on its decentralized counterpart Binance DEX. Furthermore, this asset is one of a series of cryptocurrency-pegged tokens which the company intends to launch on Binance Chain. The post states that BTCB are 100% backed by bitcoin, with the reserves easily visible as they are recorded on the public blockchain. Binance noted that using bitcoin as a backing asset for the …

Bitfinex-owned hybrid cryptocurrency exchange Ethfinex Trustless announced the launch of its on-chain decentralized over-the-counter (OTC) service in a press release shared with Cointelegraph on June 3. The system allegedly has no centralized order book or matching engine, and only financial instruments are restricted from the platform. Furthermore, the press release claims: “Customers can trade any ERC20 token, and even specify custom Ethereum addresses for tokens which are not currently listed on any exchanges.” Per the release, the new system uses blockchain to enforce an OTC transaction as an atomic swap. This removes the need for an escrow, according to the …

This article previously contained statements implying that Binance DEX itself — rather than its website — was geoblocking users. It has been updated for accuracy. The decentralized exchange (DEX) developed by major cryptocurrency exchange Binance will block website access to users based in 29 countries. The Binance DEX website informs potential users of the restriction via a message that appears when accessing the platform from one of the regions. The message appearing on the platform states that accessing the website from certain countries will be restricted starting on July 1: “It seems you are accessing www.binance.org from an IP address …

A startup named Pyrex says it has created the “next generation cryptocurrency,” which enables untraceable payments and unlinkable transactions. Its ecosystem includes three separate but interchangeable blockchain payment methods, together with its own crypto bank, cloud mining platform and multi-currency exchange. Secure and private The first blockchain payment method is PyrexCoin (PYX), operated by a decentralized peer-to-peer (p2p) exchange network with no management or major issuer to rule it. The company assures that this cryptocurrency is untraceable, secure, anonymous and borderless. A p2p network makes all the users' transactions on the PyrexCoin blockchain unlinkable to a particular user or real-world …

How can I be sure an exchange is telling the truth? Actions matter more than words – so take a look at what they have been doing to protect themselves from hacks and keep their platforms secure. Investment in fraud analytics matters. When exchanges spend money on trying to ensure their systems are robust, it helps to protect you: the user. Many platforms regularly submit themselves to security audits by independent parties, who then publish their findings and disclose the vulnerabilities they have found. Reputable exchanges will publish the outcome of these audits in full – enabling you to see …