Uncategorized - CipherTrace

Regulatory and Legislative Analysis – Global  Bank of International Settlements (BIS) publishes “Banking in the Shadow of Bitcoin: The institutional adoption of cryptocurrencies“ The BIS explored the role of financial intermediaries as digital asset market caps and transactional volumes soared in the past two years. Their analysis of cryptocurrency activity notes that most trading activity…

As the COVID-19 pandemic evolves, CipherTrace is focused on the health of our employees and our customers. We are following guidelines issued by the CDC, WHO, and public health officials.  We now hold customer meetings online using Zoom, and are available to you on email, Slack, and text messaging. Fortunately, we were prepared with the…

Coinbase’s Response To New York AG’s Request Reveals Shocking Cost of Compliance In April, New York Attorney General’s office announced that it’s looking into thirteen major exchanges, including Coinbase, Gemini Trust, and Bitfinex. Cryptocurrency exchanges have notoriously been subject to robberies, trading capacity problems, and other glitches. Then in February, some Coinbase users began to…

Ledger hardware wallets have been thoroughly compromised by a 15-year-old researcher, Rashid Saleem, using very small amounts of code. Rashid is the same researcher that exploited the Trezor wallet flaw in August 2017. He was able to install a backdoor on the Ledger Nano S that causes the device to generate pre-determined recovery passwords. An…