Internet Security

ZB Serves More Than Ten Million Users in Eight Years, and Is One of the Most Recommended Cryptocurrency Exchanges in 2021

Hong Kong, China — (ReleaseWire) — 06/27/2021 — This year is a particularly special year in the history of blockchain development. It is also the most intense movement of making money in the crypto circle. It can be described as a magnificent one. Bitcoin has reached a record high of $62000, and Ethereum has reached…

Hong Kong, China — (ReleaseWire) — 06/27/2021 — This year is a particularly special year in the history of blockchain development. It is also the most intense movement of making money in the crypto circle. It can be described as a magnificent one. Bitcoin has reached a record high of $62000, and Ethereum has reached $4300. The enthusiasm of the overall rise of the market is unprecedented, in the middle of May 2021, we witnessed the new history of the crypto circle.In recent years, with the continuous breakthrough and wide application of the new generation of information technology, including blockchain technology, digital economy is breaking through the time and space limitations and industrial boundaries, breaking the traditional enterprise boundaries and growth rules, subverting the traditional business model and resource utilization, accelerating the penetration and coverage of various fields and links of the economy and society, and increasingly becoming an important engine of economic development. The most direct impact of the rapid development of digital economy in the 21st century is the large-scale rise of digital assets. Almost all the information assets stored in the Internet and the value assets distributed in the blockchain are growing exponentially.Blockchain is another comprehensive technology that can bring great influence to the world after the Internet. Although blockchain was born from the bitcoin system, its application development is far beyond bitcoin. Blockchain has become a technology ecosystem that can catch up with and integrate with the Internet.The birth of blockchain has brought about the prosperity of cryptocurrency, and all this prosperity is essentially derived from transactions. In fact, after the birth of bitcoin, for a long time, bitcoin was “useless”.At that time point, the whole society questioned the concept of cryptocurrency. Only a small number of technology geeks, attracted by the concept of bitcoin, participated in bitcoin mining. It was not until the “pizza” incident that bitcoin was allowed to be used in actual transactions for the first time. Since then, the price of bitcoin has gone up.The prosperity of cryptocurrency can not be separated from the infrastructure such as the exchange. It is precisely because of the emergence of “transaction” that cryptocurrency becomes popular, and because of the existence of the exchange, the whole cryptocurrency market can flow. In fact, the development and rise of exchanges are the result of wars. Since the emergence of the crypto circle, there have been nearly 20000 exchanges, but few of them have survived. It can be said that only when 99 exchanges fall can a winner be born.ZB group is committed to the integrated business network including investment funds and e-wallets, and operates ZB innovation think tank, a blockchain research institution. ZB is the world’s leading digital asset trading platform and one of the earliest bitcoin and Ethereum trading platforms in China. As an eight year old exchange, since its establishment in 2013, ZB has served more than 10 million users, provided enterprise level technical services for dozens of partners, and ensured the digital assets of global investors as stable as Mount Tai.ZB has four trading areas: QC, USDT, BTC and ZB. At present, it has opened one-stop services of digital assets such as Spot trading, Fiat trading, Leverage trading and Loan. ZB network ZB built-in online customer service, 24-hour continuous online, for users to create considerate, comfortable, user-friendly service. ZB has always been committed to comprehensive business services including investment funds and e-wallets to create comfortable and convenient investment services for users. ZB has also been promoting the process of standardization. It has successively obtained the exchange licenses of Dubai and Singapore, and has set up operation centers in Switzerland, Canada, the United States, Bangkok, Dubai and other places, which can continuously protect the capital security of users.About Bctype
Bctype is a media dedicated to blockchain information and market analysis.For more information on this press release visit: http://www.releasewire.com/press-releases/zb-serves-more-than-ten-million-users-in-eight-years-and-is-one-of-the-most-recommended-cryptocurrency-exchanges-in-2021-1342329.htmMedia Relations ContactMiki JohnsonEmail: Click to Email Miki JohnsonWeb: https://www.bctype.com/
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Internet Security

Massive Crypto Breach Unveiled: Latest Insights Emerge

In what appears to be the most significant crypto breach of the year, fresh revelations have emerged shedding light on the extensive infiltration into the digital realm. PeckShield, a reputable blockchain security firm, has disclosed a substantial breach impacting FixedFloat, a prominent platform facilitating cryptocurrency and fiat exchanges…

In what appears to be the most significant crypto breach of the year, fresh revelations have emerged shedding light on the extensive infiltration into the digital realm. PeckShield, a reputable blockchain security firm, has disclosed a substantial breach impacting FixedFloat, a prominent platform facilitating cryptocurrency and fiat exchanges…
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Internet Security

Protests in Delhi a security challenge

Sit-ins and protests in and around the national capital are emerging as a big security challenge for the establishment. According to Delhi Police’s 2022 report, cops handled 6,277 law and order situations relating to protests, demonstrations, meetings and processions, with latest curbs being enforced due to the ongoing farmers’ protest around Delhi-NCR.A former Delhi police

Sit-ins and protests in and around the national capital are emerging as a big security challenge for the establishment. According to Delhi Police’s 2022 report, cops handled 6,277 law and order situations relating to protests, demonstrations, meetings and processions, with latest curbs being enforced due to the ongoing farmers’ protest around Delhi-NCR.A former Delhi police commissioner told ET: “Crowd management has become complex these days mainly due to social media…
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Internet Security

3 Protocols Expanding Bitcoin Network Into NFT, DeFi, and Tooling

Binance’s report identifies three protocols, bitSmiley, Liquidium, and Portal, that could expand Bitcoin’s reach into DeFi, NFTs and tooling sectors, potentially enhancing scalability and security. The post 3 Protocols Expanding Bitcoin Network Into NFT, DeFi, and Tooling appeared first on BeInCrypto…

Binance’s report identifies three protocols, bitSmiley, Liquidium, and Portal, that could expand Bitcoin’s reach into DeFi, NFTs and tooling sectors, potentially enhancing scalability and security.
The post 3 Protocols Expanding Bitcoin Network Into NFT, DeFi, and Tooling appeared first on BeInCrypto…
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Internet Security

Congress seeks clarification from Yellen on crypto oversight plans, criticizes Howey Test

Share this article URL Copied Members of the US Congress have posed a list of questions in a recent letter to Treasury Secretary Janet Yellen in response to her call for enhanced oversight of crypto. Notably, they highlighted the limitations of the Howey Test in protecting consumers in the crypto market. The letter, signed by

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Members of the US Congress have posed a list of questions in a recent letter to Treasury Secretary Janet Yellen in response to her call for enhanced oversight of crypto. Notably, they highlighted the limitations of the Howey Test in protecting consumers in the crypto market.

The letter, signed by House Financial Services Committee Chair Patrick McHenry, House Agriculture Committee Chair Glenn Thompson, Rep. French Hill, and Rep. Dusty Johnson, seeks Yellen’s detailed explanation of how the regulatory framework should be shaped concerning digital assets, following her call earlier today.

Congress has requested clarification on the Securities and Exchange Commission’s (SEC) role. Notably, they have raised concerns about the effectiveness of the Howey Test, which is used to determine the classification of a transaction as an investment contract and, thus, a security. Congress is questioning whether the Howey Test is sufficient for providing adequate consumer protection.

The legislators have argued that the SEC’s retrospective application of the test does little to protect investors, stating:

“Chair Gensler has declared that “the vast majority of crypto tokens likely meet the investment contract test.” However, the final investment contract analysis is backwards looking, made by a court after the transaction in question has been completed. How does this reactive legal authority provide adequate protection for customers, in the absence of comprehensive legislation?”

Congress has also highlighted that the current regulatory framework does not cover a significant portion of the crypto-asset ecosystem, including Bitcoin and Ether. They have asked the Financial Stability Oversight Council (FSOC) whether these cryptocurrencies are considered securities. Led by Yellen, the FSOC brings together key financial regulators to monitor potential risks and safeguard the financial system.

Furthermore, Congressmen have expressed concern about regulatory gaps in spot markets for digital assets that are not considered securities. They are questioning if the Commodity Futures Trading Commission should expand its jurisdiction to include these spot markets, given its existing authority over certain aspects of non-security digital asset transactions. Congress expects to receive answers from Yellen by February 20.

Yellen has been actively advocating for stricter regulations after FTX’s collapse. In a testimony before the House Financial Services Committee on Tuesday, she warned of the risks associated with crypto platforms and stablecoins, urging Congress to enact stricter regulations for the crypto industry.

Share this article

Share this article

Members of the US Congress have posed a list of questions in a recent letter to Treasury Secretary Janet Yellen in response to her call for enhanced oversight of crypto. Notably, they highlighted the limitations of the Howey Test in protecting consumers in the crypto market.

The letter, signed by House Financial Services Committee Chair Patrick McHenry, House Agriculture Committee Chair Glenn Thompson, Rep. French Hill, and Rep. Dusty Johnson, seeks Yellen’s detailed explanation of how the regulatory framework should be shaped concerning digital assets, following her call earlier today.

Congress has requested clarification on the Securities and Exchange Commission’s (SEC) role. Notably, they have raised concerns about the effectiveness of the Howey Test, which is used to determine the classification of a transaction as an investment contract and, thus, a security. Congress is questioning whether the Howey Test is sufficient for providing adequate consumer protection.

The legislators have argued that the SEC’s retrospective application of the test does little to protect investors, stating:

“Chair Gensler has declared that “the vast majority of crypto tokens likely meet the investment contract test.” However, the final investment contract analysis is backwards looking, made by a court after the transaction in question has been completed. How does this reactive legal authority provide adequate protection for customers, in the absence of comprehensive legislation?”

Congress has also highlighted that the current regulatory framework does not cover a significant portion of the crypto-asset ecosystem, including Bitcoin and Ether. They have asked the Financial Stability Oversight Council (FSOC) whether these cryptocurrencies are considered securities. Led by Yellen, the FSOC brings together key financial regulators to monitor potential risks and safeguard the financial system.

Furthermore, Congressmen have expressed concern about regulatory gaps in spot markets for digital assets that are not considered securities. They are questioning if the Commodity Futures Trading Commission should expand its jurisdiction to include these spot markets, given its existing authority over certain aspects of non-security digital asset transactions. Congress expects to receive answers from Yellen by February 20.

Yellen has been actively advocating for stricter regulations after FTX’s collapse. In a testimony before the House Financial Services Committee on Tuesday, she warned of the risks associated with crypto platforms and stablecoins, urging Congress to enact stricter regulations for the crypto industry.

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