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Poloniex Making Big Changes

June G. Bauer

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Poloniex data leak

Poloniex, the USA based cryptocurrency exchange announced it is spinning out from its parent company, Circle, and will shut off its U.S. customers.

Poloniex will operate as an independent entity that will be called  Polo Digital Assets, Ltd, and will be backed by an unnamed Asian investment group that plans to spend more than $100M developing the exchange to offer new features, services and assets to global customers . 

Poloniex’s US based customers will not be included in the spin out. US customers will no longer be able to trade starting on Nov 1, 2019, and they will have until at least December 15, 2019, to withdraw their assets.

Poloniex is a leading cryptocurrency exchange with monthly trading volume of $573,140,117. It was launched in 2014. The exchange charges low crypto deposit and withdrawal fees compared to other exchanges, and it currently supports 95 trading assets.

Circle acquired Poloniex for about $400 million in February 2018.

Circle says that they faced challenges as a US company growing a competitive international exchange, and Circle will double down on our efforts to build a more open, global and accessible financial system. This includes significantly expanding the services we offer that are built around USDC, the market’s fastest-growing fiat stablecoin, and expanding and growing SeedInvest, the largest equity crowdfunding platform in the United States.

Pop cultureaholic, Technology expert, Web fanatic and a Social media geek. If you have any questions or comments please feel free to email her at [email protected] or contact her on Twitter @JuneTBauer1

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Exchanges

Poloniex Exchange Forces Password Reset After an Alleged Data Leak

June G. Bauer

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Poloniex data leak

Yesterday, Poloniex cryptocurrency exchange sent an email to some of its users alerting them about a potential security breach after an alleged list containing Poloniex’s users email addresses and passwords was posted on twitter, which could be used by hackers to gain access to their Poloniex accounts.

While almost all of the email addresses listed do not belong to Poloniex accounts, we are forcing a password reset on any email addresses listed that do have an account with us, including yours.

the exchange wrote in its email notification to the affected users.
A screenshot of Ploniex’s email

It’s unclear how the email addresses and passwords were posted on Twitter in the first place and what percentage of the leaked data contained current data from Poloniex customers. That left many users bewildered whether the leak is real or not.

The daily trading volume on Poloniex exchange is $138,972,143, which makes it within the top 50 cryptocurrency exchanges.

Last November, TRON founder Justin Sun confirmed that he was one of the investors who acquired Poloniex from Circle group.

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Graviex Blames Malicious DDoS Attack After The Exchange Went Offline

June G. Bauer

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Graviex-Ddos-Attacks

Mysterious attackers have taken down Graviex cryptocurrency exchange over the last couple of days using DDoS (distributed denial-of-service) attacks.

The DDoS attacks took place on Sunday and Monday, December 29 and 30 , and have targeted Graviex’s main exchange website. During the DDoS, attackers successfully managed to overload two of Graviex’s network providers and managed bring down Graviex’ external connections to other ISPs.

The attackers, which appears to actually own a DDoS botnet contacted Graviex’s team demanding ransom payments,but the exchange refused to pay.

At the time of writing, the exchange now appears to be online and fully functional.

A distributed denial-of-service (DDoS) attack occurs when multiple systems flood the bandwidth or resources of a targeted system, usually one or more web servers. Such an attack is often the result of multiple compromised systems (for example, a botnet) flooding the targeted system with traffic.

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John McAfee Launches a New Platform – McAfeeSwap

Sying Tien

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Mcafeeswap

John McAfee has launched a new crypto platform McAfeeSwap, a decentralized one-stop shop to easily buy and sell cryptocurrency tokens. The platform works as an aggregator that checks the price on different DEXs (Decentralized Exchanges), to ensure users are getting the best price on trades.

In order to use the new platform, users will have to install any web3 enabled crypto wallet such as MetaMask for desktop or Trust for mobile.

A screenshot of McAfeeSwap

The new platform currently supports multiple DEXs and over 100 tokens such as Ethereum, BAT, DAI, Maker and others.

Last October, the former antivirus software tycoon’s John McAfee launched his first decentralized exchange McAfeeDEX, an exchange that dose not require any KYC verification from it’s users.

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