Asset security is an essential consideration for a cryptocurrency exchange, but it might not be obvious for the end user how to evaluate the overall security of a given exchange. There are some simple indications that can help users to make an educated judgment about the overall security of an exchange.
ERC-20 smart contract security cannot be underestimated when working with smart contracts. Services providers deploying their own smart contracts instead of using third party contracts allows them to be in control of the executed code and avoid potential threats.
CYBAVO VAULT includes a transaction batching feature for cryptocurrencies to help asset managers and cryptocurrency exchanges to reduce the blockchain network fees by bundling together multiple cryptocurrencies into a single block.
Discover the latest features that make CYBAVO CYBAVO VAULT and CYBAVO Wallet SDK the best solutions to secure and manage your customers digital asset.
According to a recent research published by CyberTrace, a cybersecurity firm, cryptocurrency losses for the first quarter of 2019 could be as high as $1.2 billion, including losses from thefts, scams and fraud.
Essential security measures could avoid the attacks and losses on exchanges like Bithumb.
QuadrigaCX, the largest cryptocurrency exchange in Canada, made the headlines recently for a very unfortunate reason. The exchange CEO, Gerald Cotten, passed away leaving no access to the exchange’s cold wallets. The cold wallets stored $190 million in different cryptocurrencies, including Bitcoin, Bitcoin Cash, Bitcoin Gold, Litecoin and Ethereum, both from the exchange and from its users. All these funds are lost since there is no way to retrieve the private keys.