Estonia-based cryptocurrency and tokenized stock exchange DX.Exchange has reportedly fixed a critical vulnerability that leaked sensitive user data. Technology news website Ars Technica reported on the security leak Jan. 9, citing an anonymous trader who conducted a security analysis of DX.Exchange. According to Ars Technica’s article, a trader, who wished to remain anonymous due to legal concerns, noticed that the exchange was sending sensitive data of other users to their browser. After examining the data, the trader has reportedly found that the data included other users’ authentication tokens and password reset links: “I have about 100 collected [authentication] tokens over …

Nasdaq-powered DX Exchange announced the platform’s launch and available trading pairs in a series of tweets Jan. 6. The digital trading platform uses Nasdaq’s Financial Information Exchange (FIX) protocol. As Cointelegraph previously reported, users of the exchange will be able to trade tokenize stocks in various major global companies. Another tweet on Jan. 6 announced that tokenized stocks of Amazon, Baidu, Apple, Facebook, Google, Intel, Microsoft, Netflix, Nvidia and Tesla will be available to trade on the platform. The exchange also announced support for various crypto to crypto and crypto to fiat pairs. Namely, the company revealed that Ripple (XRP) …

Estonian digital trading platform DX Exchange will begin offering tokenized stocks on the Ethereum blockchain next week, the company confirmed in a press release Jan. 3. DX, which will reportedly be the first exchange to offer such trading in a fully regulated environment in the European Union, will use Nasdaq’s Financial Information exchange (FIX) protocol to deliver the product. According to the company’s press release, cryptocurrency users will be able to purchase tokens that will be backed by stocks in various major companies, including Google, Facebook and Amazon. The shares will be purchased on users’ behalf by MPS MarketPlace Securities …

The Estonian Ministry of Finance will shortly add amendments to a recently-passed financial bill that are meant to “tighten” crypto-related regulation, Estonian financial newspaper Äripäev reports Nov. 28. According to the article, a new version of the Anti-Money Laundering (AML) and Terrorist Financing Prevention Act came into force this week in Estonia, conforming legislation to the EU’s so-called “Fourth Money Laundering Prevention Directive.” The regulation introduced this week reportedly introduces “virtual currency exchange service providers” and “virtual currency payment service providers,” while before there only was “alternative means of payment service provider.” Still, the Financial Supervision Authority (FI) has since …

We're living at a time of unprecedented concern over identity. Fears abound that our personal data is being abused by distant third-parties, while this data has become more valuable to us at a time when our identities and the identity politics we base around them have become more central to our lives. It's in this context that blockchain technology has appeared, and while its application beyond cryptocurrencies is still limited, protecting our online identities and data more securely looks set to be one of its most central applications. In its most basic outline, the use of blockchains in the area …

The Union of European Football Associations (UEFA) has successfully deployed a new ticketing system via mobile phones based on blockchain technology, according to an August 16 press release. After the “successful implementation” of the blockchain ticketing system for 50 percent of the tickets for the 2018 UEFA Europa League final in Lyon in May, the UEFA had decided to increase the technology’s reach “to all of the general public” in Estonia. The official UEFA announcement states that “100% of the match tickets” for the UEFA Super Cup soccer match between Real Madrid and Atletico Madrid held in Tallinn, Estonia on …

Bitcoin’s boom has spawned more than just a digital currency revolution. Companies across the globe have explored the potential of blockchain technology in a range of different spheres, including cars, phones, and a multitude of disruptive alternatives in banking, government and as well as shipping. Also, it is not only the small startups that are trying to push blockchain innovation, but rather conglomerates as big as Amazon, Alibaba and Microsoft. However, these companies are still trying to negotiate an ever-expanding regulatory framework that is growing at different rates across different states. Many different companies began springing up within the cryptocurrency …

Initial Coin Offerings (ICO) “failed” to provide protection against insider trading or stick to their whitepaper promises, a new report from the University of Pennsylvania Law School released July 17 reveals. The lengthy study of the ICO phenomenon, dubbed “Coin-Operated Capitalism,” begins with a frank appraisal of investor expectations versus reality, the four contributing professors finding basic inconsistencies in the behavior of a “significant” number of projects. In the introductory comments, they state that their “inquiry reveals that many ICOs failed even to promise that they would protect investors against insider self-dealing. Fewer still manifested such contracts in code.” The …

The U.S., Switzerland, and Singapore were ranked as the top three “most favorable” countries for Initial Coin Offerings (ICO) in a recent report, according to a press release the researchers shared with Cointelegraph July 14. Analysts associated with the Crypto Finance Conference compiled the research based on publicly available data of the top 100 ICOs by country in terms of funds raised and ranked them by number of projects launched. The report highlights the U.S. as the most favorable country for ICOs with a total of 30 companies launched in the field. The second country is Switzerland, which is responsible …

Have you ever heard about smart cities where traffic, public services and document circulation are fully automated? The smart city concept integrates big data and the internet of things (IoT) to optimize the efficiency of urban processes and services and connect to residents. One example of this innovation could be light sensors that save electricity and road surveillance costs. The basis for how automated systems and infrastructure sensors will coordinate their activities and communicate with each other is currently being tested in Dubai, some cities in China and the US. The future is now McKinsey analysts predict that by 2020 …

Estonia rolled back its plan to establish a national cryptocurrency Estcoin following criticism from the President of the European Central Bank, Mario Draghi, and local banking authorities, Bloomberg reported June 1. The managing director of the Estonian e-residency program, Kaspar Korjus, proposed the development and issuance of Estcoin in August last year. Along with becoming Estonia’s national virtual currency, Estcoin would ostensibly evolve into the official currency for the country’s e-residency program. In the program Estcoin would serve as an incentive for foreigners who use Estonia’s electronic identification to remotely sign documents and found companies. Draghi said in September, “no …

The demand for Bitcoin and the rush to invest in the digital coin are growing daily. Despite the criticism and ‘fraud’ accusations, great names like Goldman Sachs Group Inc. are thinking about introducing a cryptocurrencies trading desk and what kind of legal bottlenecks are involved. Image: the street It was reported earlier that the company is considering the possibility for its investors to trade in Bitcoin. The bank is yet to commence cryptocurrency trading and is looking into the legal implications. A bank as experienced as Goldman Sachs wouldn’t want to jump into a business that may face regulations in …