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Kraken Amps Up its Security Measures ! other crypto news

This is a daily round up of important blockchain and crypto news between March 26, 2019 and March 27, 2019 . The focus is on important news around developments in the blockchain space, on exchanges and crypto projects.

 Please note that this is neither the only nor the exhaustive list, we are constantly trying to improve the feed and if you have any feedback, please feel free to contact us

1. Kraken Amps Up its Security Measures

Cryptocurrency exchange, Kraken announced they were taking stringent measures to amp up their security. A post penned down by Kraken’s Chief Security Officer, Nick Percoco announced some of their new security measures. Percoco said, “Today, we are enhancing the client security experience by requiring the use of Two Factor Authentication (2FA). We’ve had 2FA available to our clients since our launch in September of 2013, but starting today, clients will be asked to enable it upon their next login. Currently, the prompted options for 2FA are Google Authenticator and YubiKey.”Read more

2. CabbageTech CEO Indicted in New York for Defrauding Crypto Investors

The 46-year-old owner of a firm called CabbageTech has been charged in New York with duping investors out of over $200,000 in cryptocurrency and cash. The U.S. Attorney’s Office of the Eastern District of New York announced Tuesday that it has unsealed a nine-count indictment charging Patrick McDonnell, also known as “Jason Flack,” with wire fraud and has arrested him. Read more

3. E-Commerce Giant Rakuten Wins License for New Crypto Exchange

Japan’s top financial watchdog has granted a license to a cryptocurrency exchange being relaunched by e-commerce giant Rakuten. The country’s Financial Service Agency (FSA) announced the news Monday, stating that the new exchange, Rakuten Wallet, is now registered with the Kanto Local Financial Bureau as a virtual currency exchange service provider under the country’s Payment Service Act. Read more

4. Blockchain Reality Does Not Match Advertisement, Says World Bank Official

The World Bank has become the latest source of criticism over blockchain technology, this time urging caution over its role in land rights. Speaking at the ongoing 20th Annual Conference on Land and Poverty in Washington, D.C. this week, Aanchal Anand, a Land Administration Specialist in the bank’s Global Land and Geospatial Unit, cautioned against the phenomenon informally known as “blockchain hype.” Read more

5. YouTube Reportedly Runs Malicious Ad for Bitcoin Wallet Electrum by Accident

Video-sharing platform YouTube purportedly ran a malicious advertisement for Bitcoin (BTC) wallet Electrum by mistake. Viewers interested in the advertisement were redirected to a malicious link using a common scamming method called typosquatting or URL hijacking. In the Reddit post, a user named mrsxeplatypus warned the public about the promotion of a malware version of Electrum. Read more

Bite-sized News

Only the headlines are enough for these news

  • Swiss Mortgage Bank Hypi Lenzburg Partners With Crypto Asset Manager TokenSuisseRead Story.
  • Hershey Chocolate Company Joins Blockchain Advertising Consortium Read Story.
  • Pantera Capital Nears $175 Million Target for Third Venture Fund Read Story.
  • CoinMarketCap Confirms That Inaccuracies on Website Are ‘Concerning’ Read Story.
  • London Metal Exchange Backs Plan to Track Physical Metals With Blockchain Read Story.

Disclaimer: The news articles cited or sourced are from platforms other than Coin Crunch India. does not endorse nor support views, opinions or conclusions drawn in these articles. is not responsible for or liable for any content, accuracy or quality within these articles. Readers should do their own due diligence before taking any actions related to the content. is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any information from the articles below.

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