Dx.Exchange launched earlier this week and it received a lot of support from users and crypto news outlets, but the exchange seems to be having severe security issues that could make criminalizing the exchange extremely easy.
The exchange was launched on January 7 and was marketed as the bridge that will connect cryptocurrencies with the real-world stocks. The exchange offered digitized versions of Apple and Facebook stocks but also some of the most popular cryptocurrencies as well.
Despite the support the exchange got, things are turning for the worst for Dx.Exchange.
Several online traders have already come across some data related to the newly launched exchange and found out that the website was leaking important financial and legal data. One of the anonymous traders tested the exchange by creating a fake account in order to check for the security issues himself. He found out shocking details including information about authenticated tokens and user’s data details. He also found out that in order to obtain this information there was a password-reset option so you can reach the other users’ tokens as well.
This means that anyone who can gain access to an affected account, it can obtain the user’ funds and even keep the account information so he can log on other time as well.
However, this isn’t the only security problem the exchange has. The leaking of the data caused for the entire system is now endangered as token data belonging to the employees are also accessible.
Despite that the exchange is now ‘’soft-launching’’ it is important for the exchange to focus on protecting its users’ data and to guarantee maximum security.
Russia Is Not Planning To Buy $10 Billion In Bitcoin
“This statement has no common sense. The Russian Federation — like any other country in the world — is simply not ready to combine its traditional financial system with cryptocurrencies.”Sidorenko reacted to the fake news reports from Telegraph where it was noted that Russia wants to invest $10 billion in bitcoin in order to mitigate the economic impact that is brought up from the US sanctions. The rumors emerged on Twitter where a particular user wrote that Kremlin has no choice but to invest in bitcoin and that it is the only way to avoid the harsh sanctions by President Trump. Ginko posted on Twitter and his post went viral after Telegraph wrote a story about it and lots of other websites just added their own touch to it. Ginko is known to the public for making such shocking tweets and comments after once saying that sham investment adviser Bernie Madoff is the real Satoshi Nakamoto. However, Sidorenko said that Ginko’s comments are absurd:
“Even if Russia wants to place its cryptocurrency assets now, it simply cannot do this. We do not have any mechanisms that would allow us to introduce a system: where these assets would be stored, which authorities would be responsible for it, which would be responsible for abuses and stuff.”However, according to Tota Kaliaskarova, the director of macroeconomic policy with the Eurasian Economic Union says that crypto could have a huge impact on the Eurasian economy.
Huobi Re-Launched As Fully Licensed Platform In Japan
$1 Billion In Transactions Reported For 2018 By BitPay
WordPress Is Launching A Publishing Platform With Blockchain Features
Join us on Facebook
- Russia Is Not Planning To Buy $10 Billion In Bitcoin
- Huobi Re-Launched As Fully Licensed Platform In Japan
- $1 Billion In Transactions Reported For 2018 By BitPay
- Third Audit Attestation Of USDC Stablecoin Reserves Released By Circle
- 21-Year Old Accused Of Stealing More Than $24 Million Worth Of Crypto
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Altcoin News5 days ago
Bitcoin Hovers Near $3,700 As Top Altcoins Record A Mix Of Reds And Greens
Ethereum News3 days ago
Coinbase And Kraken Officially Supporting ETH’s Constantinople Hard Fork
Ethereum News5 days ago
$100,000 Reportedly Returned From Ethereum Classic 51% Attacker
Altcoin News5 days ago
Bitcoin Drops Below $3,600 As $5 Billion Get Wiped Out Of The Crypto Market
Altcoin News4 days ago
Major Swiss Bank Launches A Crypto Custody Solution Targeting Banks & Asset Managers
Bitcoin Scams3 days ago
New Torrent Malware Posing As Movie File Can Replace BTC & ETH Addresses: Researcher
Blockchain News5 days ago
Washington’s Douglas County Wants To Build A Blockchain Innovation Campus
Bitcoin News4 days ago
American Businessman Still Missing After $950,000 In BTC Ransom Paid