German Stock Exchange Goes Crypto, Coinsquare Layoffs, SEC Monitors Blockchains

German Stock Exchange Goes Crypto, Coinsquare Layoffs, SEC Monitors Blockchains

TL;DR: Welcome to In Case You Missed It (ICYMI), an ingenious set of layoffs brought by your favorite exchange CEO, Linzerd. Coinsquare lays off 25% of its workforce. QuadrigaCX owner dies, and users are liable for the loss of coins. Mac malware uses cookies to steal crypto. SEC looking for a firm to monitor blockchains, and the second biggest German stock exchange launches cryptocurrency trading app.

More Spice: Bitcoin White Paper Webcomic by Comics Legend Scott McCloud

German Stock Exchange Launches Crypto Trading App

German Stock Exchange Goes Crypto, Coinsquare Layoffs, SEC Monitors Blockchains

Börse Stuttgart, the second biggest stock exchange in Germany, has launched BISON, a cryptocurrency trading app whose purpose is to achieve a safe and quick onboarding of Germans to cryptocurrencies. Backed by them, this app lets customers use their German bank accounts to buy Ethereum, Litecoin, Bitcoin, and XRP. The app also features fee-free operation for purchases and sales of cryptocurrency.

Canadian Exchange Coinsquare Lays Off Employees and Executives

German Stock Exchange Goes Crypto, Coinsquare Layoffs, SEC Monitors Blockchains

The Canadian crypto exchange Coinsquare laid off more than 40 employees, including some important executives, as they fight to keep afloat amidst the longest bear market in the ecosystem’s history. The exchange had approximately 150 employees after the first round of layoffs last July, and now they will remove 25% more of their staff. COO Robert Mueller and CFO Ken Tsang were also fired. Despite this, the CEO declared “we know that other exchanges in this country are in trouble. Coinsquare is in absolutely no trouble.”

QuadrigaCX ToS:  Not Liable For Losses

After the scandal  unleashed with the clients of QuadrigaFX being informed the exchange was filing for creditor protection, as reported by CoinSpice, two more revelations have dropped: First, it seems this whole saga is the result of their CEO having died in India while traveling, and no one else in the company has cold storage keys. And second, their Terms of Service appear to shift the burden of any losses onto the customers, as it declares “any loss that occurs … will not be the responsibility of QuadrigaCX.”

MAC Malware Uses Exchange Cookies to Steal Crypto

German Stock Exchange Goes Crypto, Coinsquare Layoffs, SEC Monitors Blockchains

A new kind of cryptocurrency malware that uses cookies left by exchanges in the user’s hard drive to access exchanges and drain cryptocurrency from wallets has been identified recently. The malware, known as CookieMiner, uses a combination of login credentials, SMS data and web cookies to try and login to an exchange. Once inside, the virus can use funds as the user itself.

SEC Seeking Data Firm to Monitor Blockchains

German Stock Exchange Goes Crypto, Coinsquare Layoffs, SEC Monitors Blockchains

A new solicitation of sources filed by the SEC is searching for suitable data firms to lend their services to the SEC in order to monitor and acquire data from several blockchains. The filing declares the SEC is “seeking information for potential sources to support the goal of acquiring data for the most widely used blockchain ledgers, including the universe of available information and transaction details.”

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