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cancun-airport · 2 days ago

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Essential Cancun Packing List: Must-Have Travel Gear

Cancun Packing List To Bring On Your Cancun Vacation

Estimated reading time: 4 minutes Planning a getaway to the stunning beaches of Cancun? Packing the right gear can make all the difference between a good vacation and an unforgettable one. Here's your essential Cancun packing list and guide to must-have items for your Mexican Caribbean adventure.

What to include in your Cancun Packing List

Cancun Beach Essentials

Your days in Cancun will likely revolve around sun, sand, and crystal-clear waters. Don't forget these items on your essential Cancun packing list: - A high-quality reef-safe sunscreen (SPF 50+ recommended) to protect both your skin and Cancun's delicate coral reefs - Multiple swimsuits - the humid climate means they may not dry overnight - A wide-brimmed sun hat and polarized sunglasses for eye protection - A lightweight, quick-dry beach towel that won't take up much luggage space - A waterproof phone case for underwater photos and protection from sand

Clothing & Accessories

Cancun's tropical climate demands strategic packing: - Lightweight, breathable clothing made from natural fibers like cotton or linen - At least one smart-casual outfit for upscale restaurants - Comfortable walking sandals and water shoes for beach activities, which are part of your essential Cancun packing list. - A light rain jacket or umbrella (especially during rainy season from June to October) - A small crossbody bag or waterproof backpack for day trips

Essential Health & Safety Items to add to your Cancun Packing List

Cancun Packing List - Bug Repellent Stay comfortable and protected: - Insect repellent with DEET for mosquito protection - After-sun lotion or aloe vera gel for inevitable sun exposure - Basic first-aid kit including bandages and anti-diarrheal medication - Hand sanitizer and wet wipes for on-the-go cleansing - Check the Sea Lice Season in the Caribbean

Tech & Documentation

Keep your Cancun vacation running smoothly: - Universal power adapter (Mexico uses Type A/B outlets, 127V) - Portable battery pack for long days away from power sources - See the Tax-Free Electronics Policies for Travelers to Cancun - Copies of important documents (passport, travel insurance, hotel and airport transportation bookings) are always part of an essential Cancun packing list. - Camera or GoPro for capturing underwater adventures - Download offline maps and translation apps before your trip - Check if your passport is valid. See this Passport & Visa Guide - If you have doubts about Visa, go to the official Foreign Mexico Affairs Website

Book Your Cancun Airport Transfer Before Arrival

Book your Cancun Airport private shuttle with Van.Travel - a trusted, official transportation provider offering direct hotel transfers. Safe, reliable service with licensed drivers at Cancun International Airport.

Extra Tips for your Cancun Packing List

- Pack a dry bag for water activities and boat tours - Bring cash for small purchases and tips (both USD and Mexican Pesos are widely accepted). See Monex Exchange Tips. - Check the current money exchange rate on your arrival as this may change frequently. Here is a useful tool to do that: Money Exchange Rates - Consider packing snorkel gear if you plan multiple snorkeling trips - it's often cheaper than renting - Leave space in your luggage for souvenirs from local markets, as part of your essential Cancun packing list.

Remember, Cancun has plenty of shopping options if you forget something, but having these essentials ready will help you make the most of your vacation from day one. ¡Buen viaje! - Essential Tips for Traveling to Mexico with Children - Sea Lice Season in Cancun - Current Mexico Exchange Rate at Cancun Airport - Cancun Airport Terminals - Airlines Guide - Cancun Airport Terminal 4 Expansion Read the full article

#cancuntips #moneyexchangeattheCancunAirport

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marryrd · 9 months ago

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Monex Money Exchange

Stay ahead in the currency game! Master these factors to ace your international money transfers.

#CurrencyInsight #SmartMoneyMoves

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shananga · 3 years ago

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Safe Money Transfer | Monex Money Exchange

Money transfer scams have risen dramatically in recent years due to the development of online banking and digital money transfer systems. Don't let the scammers off the hook. Maintain your online safety.

#latest #exchange #rates #monex money transfer

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abcdblog · 3 years ago

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SpotOn Money, in association with Link FX PLC is a trading arm of Monex International Limited, which is an established and respected Independent Foreign Exchange Specialist, providing a range of Forex and Tourism related services for general public, private and corporate clients.

#send money to sri lanka #remit money to sri lanka #How to send money to Sri Lanka

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bowsetter · 6 years ago

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Fisco Completes Takeover of Japanese Cryptocurrency Exchange Zaif

Regulated Japanese cryptocurrency exchange Zaif has completed its business transfer. Fisco Cryptocurrency Exchange is its new operator, taking over from Tech Bureau. This follows Zaif’s September hack, which cost the exchange approximately $62 million in three different cryptocurrencies.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

One Operator, Two Separate Exchanges

Osaka-based Tech Bureau Corp., which has been operating cryptocurrency exchange Zaif, announced on Thursday that it has completed transferring all of Zaif’s businesses to Fisco Cryptocurrency Exchange Inc. Fisco also operates a regulated Japanese exchange under the name Fisco Cryptocurrency Exchange (Fcce).

Starting on Nov. 22, Fisco Cryptocurrency Exchange is the new operator of Zaif. Tech Bureau clarified that Fisco will operate both its own exchange and Zaif “as separate services as before.”

The takeover follows the hack of Zaif that occurred on Sept. 14 from which the exchange claims to have lost 7 billion yen (~$62 million). Following the hack, Fisco agreed to provide “financial support of ¥5 billion yen” to Tech Bureau and entered into a “capital alliance enabling acquisition of a majority of the company’s shares.”

Dissolution and Suspension of Services

Current users of Zaif have been asked to give consent to the business transfer before they can resume using the exchange.

Zaif’s website now displays the message: “The administration of the site has changed to Fisco Cryptocurrency Exchange Inc … We request that all users who have not given their acceptance to the migration of their contract in the Transfer of Business to complete the consent procedures.” Members who have given consent can continue to use Zaif’s services, less some that have been temporarily suspended. For those who have not given consent, Tech Bureau explained:

Since we plan to conduct the dissolution process after abolishing the registration of the virtual currency exchange after the transfer [to Fisco], we are highly unlikely to be able to [continue to] offer the services related to Zaif business.

Some services have been suspended during the transition period such as the deposits and withdrawals of BTC, BCH, and MONA — the three cryptocurrencies stolen in the September hack. Members also cannot buy or sell MONA at this time. In addition, the withdrawals of a number of cryptocurrencies have been halted.

The Zaif Coin Reserve service, which Tech Bureau describes as a “fixed-amount installment deposit service for virtual currencies,” has also been suspended. This includes new registrations, debits from bank accounts, and purchases of cryptocurrencies through the service.

Japan’s Changing Exchange Landscape

Both Zaif and Fisco Cryptocurrency Exchange are among the 16 regulated cryptocurrency exchanges in Japan. The others are Bitflyer, Money Partners, Bitbank, Bitpoint, Quoine, SBI Virtual Currencies, Btcbox, GMO Coin, Bittrade, DMM Bitcoin, Bitarg Exchange Tokyo, Ftt Corporation, Xtheta Corporation, and Bitocean.

In September, Huobi acquired a majority stake in Bittrade. In April, Yahoo! Japan confirmed the acquisition of Bitarg through its wholly owned subsidiary Z Corporation.

Japan also has three other crypto exchanges that have been allowed to operate while their applications are being reviewed by the country’s financial regulator. The three are Coincheck, Lastroots, and Everybody’s Bitcoin. Coincheck was acquired by Monex Group after it was hacked in January. SBI Group is a major investor in Lastroots, and Everybody’s Bitcoin has been acquired by Rakuten.

What do you think of Fisco taking over Zaif? Let us know in the comments section below.

Images courtesy of Shutterstock, Fisco, and Tech Bureau.

Need to calculate your bitcoin holdings? Check our tools section.

The post Fisco Completes Takeover of Japanese Cryptocurrency Exchange Zaif appeared first on Bitcoin News.

READ MORE http://bit.ly/2DHp9Lk

#cryptocurrency #cryptocurrency news #bitcoin #cryptocurrency market #crypto #blockchain #best cryptocurren

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jacobhinkley · 7 years ago

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Coincheck to Remove Monero and Three Other Anonymity-Focused Altcoins

As it has become known, the digital asset exchange Japan-based platform Coincheck announced removal of Monero (XMR), Zcash (ZEC), Dash (DASH) and Augur’s Reputation (REP) coin from its platform.

Trading of these four altcoins at Coincheck will be ceased by June 18. It should be done in accordance with counter-terrorist financing (CFT) and anti-money laundering (AML) measures issued Japan’s Financial Services Agency.

Following its new policy aimed at increasing security of the crypto market, the Japanese FSA has taken a decision to ban cryptocurrencies that grant significant anonymity to those who hold them.

It is believed that the high level of anonymity behind the above-mentioned four coins can bring additional risks in the future. Money laundering can become one of the possible consequences of further allowing the transactions with these coins as it is absolutely impossible to identify the recipients of these transactions on their blockchains.

Coincheck has also explained that if some of the users hold any of the banned cryptocurrencies in their wallets after June 18, these holdings will be converted to Japanese Yen at the market rate.

In 2018, Coincheck has already been widely discussed after it became a target for hackers in January. This hack is considered to be one of the largest ever cryptocurrency heists. As a result of this attack, the platform lost approximately $530 million of its clients’ money. Nevertheless, Coincheck promises to compensate at least $420 million, paying for each stolen token not $1 but $0.81.

After this major theft, Coincheck has accepted a proposal from Japanese financial services provider Monex Group Inc. that wanted to acquire the cryptocurrency exchange. Having acquired 100% shares, Monex Group is now a new owner of Coincheck.

With a view to prevent potential hacks, the financial authorities announced a necessity to enforce more transparency in the crypto market. The decision to impose a ban on tokens offering high levels of privacy and anonymity has been taken as a result of continuous search for the tokens that were stolen from Coincheck.

Nevertheless, still all the attempts have been futile. That’s why it is believed that they have been transferred from one wallet to another with the increased level of anonymity.

Monero, Zcash, Dash and Augur are among those coins that guarantee their holders full anonymity which could cause quite serious risks to the security of transactions with them. That’s why theat are to be delisted from the exchage despire their high popularity among crypto traders.

For example, Monero, that according to CoinMarketCap has a market capitalization of over $3 billion and at the press time is traded at $199.13, has become one of the most popular cryptocurrencies, nevertheless, it is widely criticized for being the new crypto for criminals.

Coincheck has also informed that its team will continue working on reviewing its own controls with a view to comply with regulations from the FSA and to enhance security and transparency of all transactions.

The post Coincheck to Remove Monero and Three Other Anonymity-Focused Altcoins appeared first on CoinSpeaker.

Coincheck to Remove Monero and Three Other Anonymity-Focused Altcoins published first on https://medium.com/@smartoptions

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joshuajacksonlyblog · 7 years ago

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Monex Owned Coincheck Confirms Delisting of Privacy Coins

CoinCheck has plans to remove 3 privacy coins – Monero, Dash, and Zcash – from their platform along with an ERC-20 token which elicits gambling on a non-regulated platform.

Cryptocurrency Privacy: Is It Under Attack?

Coincheck has just announced that they will be ceasing the trading of 4 cryptocurrencies on their platform. These currencies being Monero, Dash, ZCash, and Augur, listed in order of market capitalization.

Coincheck plans for the delisting of these projects to be completed by June 18th, a short 3 weeks away. Users with these coins will be able to withdraw the tokens noted above until the delisting date. If users do not withdraw their tokens to their personal wallets by that time, the coins will be converted into Japanese Yen at the current market prices.

Coincheck Exchange bans #monero amid Japan's crackdown on anonymous currencies https://t.co/22seN0PuUB #cryptocurrency pic.twitter.com/bAvhuti7J8

— Sputnik (@SputnikInt) May 19, 2018

Many see this move as an attack on financial privacy, but CoinCheck has long been under the watchful eyes of Japanese regulators, more specifically, the Japanese Financial Services Agency.

The acquisition of CoinCheck by the Japanese-based Monex Group makes it seem even more likely that CoinCheck will further abide by Japanese regulations and restrictions in the future.

The FSA is reported to be making moves towards more strict regulations for cryptocurrency businesses based in Japan. The Nikkei Asian Review noted that a regulation which is planned for implementation is restrictions on cryptocurrencies that “grant a high level of anonymity.”

With restrictions starting on cryptocurrency exchanges that offer these coins and tokens on their respective platforms.

This being exactly what happened in the case of CoinCheck, it is now apparent that the Japanese government is moving for exchanges based in Japan to delist these privacy coins.

Privacy coins have long been a way in which wary cryptocurrency investors can keep their money secure and private, away from the prying eyes of any regulators or those who wish ill.

On the contrary, the New-York based Gemini Exchange has just announced their support for ZCash, the 3rd largest privacy coin. This surprising announcement came after the New York Department of Financial Services accepted and provided the licensing for the listing after Gemini’s proposal to add ZCash to their exchange. This was the first time that a regulatory body has confirmed the listing of a well-known privacy coin on a licensed exchange.

However, Gemini did mention that they will not be allowing users to withdraw their ZCash to shielded addresses, removing a substantial level of privacy for users wishing to use Gemini to acquire the privacy-based cryptocurrency.

The situation seems different in Japan, as the FSA firmly believes that these tokens and coins are actively used for illicit activities, and may propagate the presence of money laundering in Japan. Although this may be true, just because a few criminals may be using these currencies as a way to transfer wealth privately, that does not mean that all users of these coins should be scrutinized.

This did not stop Coincheck from announcing that they would begin to review and investigate their internal network to help further combat the bad actors who use their exchange.

In a more unexpected move, the Augur ERC20 token was also announced to be removed from the exchange. Augur does not have any privacy features as it is built on the more public Ethereum network, however, it can be used as a way which users can gamble on an unlicensed platform which is currently in its beta.

The FSA may not have advised to CoinCheck to remove Augur, but CoinCheck appears to be taking all precautions to distance itself from regulatory worries in the future.

The ‘Phoenix’ Exchange: CoinCheck, Post January’s $550 Million Hack

With this recent announcement, it has become clear that CoinCheck is trying to rebuild its reputation and trust network, which was significantly damaged from the $550 million dollar hack in January. The hack of CoinCheck’s XEM wallet earlier this year was a devastating blow to the reputation of the exchange, with many consumers losing confidence in the large Japanese exchange.

Despite this, with the aforementioned acquisition of the exchange and a drastic change in leadership, the Monex and CoinCheck pairing has proven successful, with the exchange quickly recovering from the January debacle. Monex’s publicly traded shares have doubled since the acquisition of the exchange, with many analysts confirming the correlation between the price rise and Monex’s foray into the cryptocurrency market.

What do you think of CoinCheck’s move to remove these coins and token from the exchange? Do you see it as an attack on financial freedom or a way which regulatory bodies can create FUD (Fear, Uncertainty, and Doubt) about these currencies? We would love to know what you have to think, please let us know in the comments below.

Images Courtesy of PixaBay, Twitter/@SputnikInt, Japan Times

The post Monex Owned Coincheck Confirms Delisting of Privacy Coins appeared first on Bitcoinist.com.

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michaelbennettcrypto · 7 years ago

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In More Good News out of Japan, Monex Confirms Acquisition of Coincheck

Money Group sees 10-year high share prices today after the brokerage announced that it would be paying ¥3.6bn ($33.5m) for Coincheck, a Japanese cryptocurrency exchange that deals primarily in Bitcoin.

Confirmation of the Monex acquisition of Coincheck, which has been discussed and hinted at through the week, saw Monex shares surging 20%, a sign that investors support the firm’s shift, a move intended to enhance the company’s expertise in digital currencies and blockchain tech.

According to a statement released by Monex on Tuesday, the firm has been “studying and experimenting on blockchain technology and cryptocurrency.” Monex said Coincheck had net assets of ¥54m in the financial year ending March 31. The two companies have already charted the plan out to regulators and major investors.

Monex

As per reports from Nikkei earlier this week, Coincheck’s Chief Executive Koichiro Wada and another executive are expected to be replaced, as the service will be run under Monex’s direct supervision. “Moving forward, should there be facts determined by Monex Group, Inc. that need to be disclosed, we will do so in a timely and appropriate manner,” Monex said.

“The company name “Monex” symbolizes our business principles — always a step ahead of the “Y” in “Money” to design and provide approaches to money in a new era,” Monex said. “It is true that we have been considering the acquisition of the cryptocurrency firm […] but have not made any decision yet.”

Coincheck Thrown a Lifeline

For Coincheck, a potential rescue effort cannot come soon enough: registrations on the exchange are currently closed as Coincheck has found it difficult to recover from a cyberattack — the biggest cryptocurrency heist in history — which left them $530 million out of pocket earlier this year.

After the heist, Japan’s financial regulator, the Financial Services Agency (FSA), ordered Coincheck to make improvements including the establishment of anti-money laundering (AML) protocols and the enhanced protection of customer funds.

While some of the lost funds — 58 billion yen in NEM coins stored in a hot wallet — have been found, there is no way to actually return them to their owners. The exchange has insisted that it will reimburse the majority of the stolen coins, but has not revealed how this will be made possible. Two class action lawsuits of already been brought against Coincheck by customers who claim that the funds they are receiving do not equate to a fair amount.

“We would like to offer our sincerest apologies to our customers, other exchanges, and everyone else affected by the illicit transfer of NEM which occurred on our platform,” Coincheck said in a statement following the heist. “We vow to take action on all of the points listed in the business improvement order handed down from the Financial Services Agency as we work towards resuming normal business operations.”

This acquisition couldn’t have come at a better time, as Coincheck may be thrown a lifeline to re-establish itself in light of December’s cyberattack. In return, Monex will be given an opportunity to enter the booming cryptocurrency space and will also gain access to Coincheck’s current customers.

Also this week out of Japan, in a bold move that looks to further legitimize cryptocurrencies and related technology, a government-backed research group has unveiled guidelines for the legalization of initial coin offerings (ICOs).

Image Courtesy of Shutterstock

The post In More Good News out of Japan, Monex Confirms Acquisition of Coincheck appeared first on NewsBTC.

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brettzjacksonblog · 7 years ago

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In More Good News out of Japan, Monex Confirms Acquisition of Coincheck

Money Group sees 10-year high share prices today after the brokerage announced that it would be paying ¥3.6bn ($33.5m) for Coincheck, a Japanese cryptocurrency exchange that deals primarily in Bitcoin.

Confirmation of the Monex acquisition of Coincheck, which has been discussed and hinted at through the week, saw Monex shares surging 20%, a sign that investors support the firm’s shift, a move intended to enhance the company’s expertise in digital currencies and blockchain tech.

According to a statement released by Monex on Tuesday, the firm has been “studying and experimenting on blockchain technology and cryptocurrency.” Monex said Coincheck had net assets of ¥54m in the financial year ending March 31. The two companies have already charted the plan out to regulators and major investors.

Monex

As per reports from Nikkei earlier this week, Coincheck’s Chief Executive Koichiro Wada and another executive are expected to be replaced, as the service will be run under Monex’s direct supervision. “Moving forward, should there be facts determined by Monex Group, Inc. that need to be disclosed, we will do so in a timely and appropriate manner,” Monex said.

“The company name “Monex” symbolizes our business principles — always a step ahead of the “Y” in “Money” to design and provide approaches to money in a new era,” Monex said. “It is true that we have been considering the acquisition of the cryptocurrency firm […] but have not made any decision yet.”

Coincheck Thrown a Lifeline

For Coincheck, a potential rescue effort cannot come soon enough: registrations on the exchange are currently closed as Coincheck has found it difficult to recover from a cyberattack — the biggest cryptocurrency heist in history — which left them $530 million out of pocket earlier this year.

After the heist, Japan’s financial regulator, the Financial Services Agency (FSA), ordered Coincheck to make improvements including the establishment of anti-money laundering (AML) protocols and the enhanced protection of customer funds.

While some of the lost funds — 58 billion yen in NEM coins stored in a hot wallet — have been found, there is no way to actually return them to their owners. The exchange has insisted that it will reimburse the majority of the stolen coins, but has not revealed how this will be made possible. Two class action lawsuits of already been brought against Coincheck by customers who claim that the funds they are receiving do not equate to a fair amount.

“We would like to offer our sincerest apologies to our customers, other exchanges, and everyone else affected by the illicit transfer of NEM which occurred on our platform,” Coincheck said in a statement following the heist. “We vow to take action on all of the points listed in the business improvement order handed down from the Financial Services Agency as we work towards resuming normal business operations.”

This acquisition couldn’t have come at a better time, as Coincheck may be thrown a lifeline to re-establish itself in light of December’s cyberattack. In return, Monex will be given an opportunity to enter the booming cryptocurrency space and will also gain access to Coincheck’s current customers.

Also this week out of Japan, in a bold move that looks to further legitimize cryptocurrencies and related technology, a government-backed research group has unveiled guidelines for the legalization of initial coin offerings (ICOs).

Image Courtesy of Shutterstock

The post In More Good News out of Japan, Monex Confirms Acquisition of Coincheck appeared first on NewsBTC.

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yes-ojames-81 · 5 years ago

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Powering your business entity with the most powerful remittance tools

The Monex Fintech platform is a Payment services enabler incorporates a high capacity transaction switch with configurable business rules. We bring innovation and excellence into the remittance world for all types and sizes of organizations including banks, money transfer operators, micro-finance institutions and start-ups.

#money transfer service #money transfer software provider

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businessliveme · 5 years ago

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What Important Innovation or Idea Is Being Overlooked Today?

(Bloomberg Markets) — Everyone wants an early glimpse of the next big thing, a peek into the future. So we went to Asia to ask some leading investors, financiers, and technology executives for their take on what the global herd doesn’t fully appreciate—yet.

Ahn Le Partner, Fintech Practice, Chinarock Capital Management Ventures

We are still early in the blockchain adoption curve. The [fintech] industry will continue to go through various iterations in which a killer application will push the limits of the existing infrastructure, and that demand will create a breakthrough at the protocol level—be it scalability, interoperability, or privacy. Startups that can improve the user experience and provide key services for developers, investors, and end users will succeed regardless of main chain outcomes. Seamless customer onboarding, user interface, security and privacy of personal data and assets—and a killer reason to use blockchain technology or crypto assets—still need to happen, whether it be in developing countries or the U.S.

Nana Otsuki Chief Analyst, Monex Inc.

As the global society gets older, we need to think about offering more creative business opportunities for elderly people. Some may think about writing novels, doing research and teaching history, or programming for apps. They could provide their services or products via the internet, and companies could offer platforms to connect them. The target customers for these products would be also elderly people. They know what other people their age want. This elderly-to-elderly, or e-to-e, business would give the older generation not only money, but also motivation to live long and healthy lives.

Simon Loong Founder and Chief Executive Officer, Welab Holdings Ltd.

With so many devices connected to the internet, from laptops to mobile phones to wearables, people are generating a vast amount of data. In 2015 an average person generated around 0.32 gigabytes per day. By the year 2020 it is estimated that an average person will generate 1.5 gigabytes per day

Hence in today’s world of complex information systems and connected platforms/networks, it is crucial to explore creative solutions to extract valuable insights from users’ data while protecting users’ data privacy as information travels through a network of systems.

Maaike Steinebach Hong Kong and Macau General Manager, Visa Inc.

As the pace of innovation has accelerated, particularly in a tech hotbed such as the [Guangdong-Hong Kong-Macau] greater bay area, companies can overlook the importance of an open, interoperable customer experience. This is not a groundbreaking idea, per se. But the main challenges for fintech are also consumers’ challenges—namely, how can we broaden consumer choices when it comes to payment? Consumers should be able to pay with whichever payment method they choose, be it standardized contactless payments or QR code via digital wallets, at the point of sale. For that to happen, we need to foster an open-loop payment ecosystem, enabling full and consistent interoperability.

Kevin Bong Director of Economics and Investment Strategies, GIC

In recent years, emerging markets have become major hubs for innovation and technology adoption, and hence investment opportunities. Their strengths: nascent infrastructure with room for substantial growth, highly innovative companies addressing challenges from the ground up, and greater openness to experimentation.

Over the long term, we believe that technological disruption can be even more powerful in emerging economies, as these economies have more unmet and undiscovered needs and more leapfrogging opportunities. Their companies offer products that are better, cheaper, and faster. New entrants and innovators often create entirely new categories. For example, micro banking and e-commerce have been big boons to small businesses and consumers, giving them much-needed access to financing and new marketplaces.

Cheng Li Chief Technology Officer Ant Financial

We live in an era where all of the ways in which we live and work today can be made far more efficient and inclusive through digital technology. Not just seeking out far-fetched moonshots, but also focusing on the ordinary that’s all around us—conventional ideas that haven’t been reimagined in decades or even centuries. Take, for example, how we buy and sell, receive and pay, and how we transfer money globally. All these have hidden possibilities waiting to be revolutionized through digitalization, to make it easier to do business anywhere, and bring equal opportunities all around the world.

Hannah Qiu Co-General Manager Ping An Oneconnect

Unstructured data currently accounts for more than 80% of all data, but the centralization and governance of unstructured data in text, voice, and video have not yet been well established. The value of applying this data still needs to be further developed. The current research and development of fundamental AI technology is relatively robust; however, the application of AI technology into finance still needs work. Due to the lack of cross-border discipline talent and the sensitivity of financial data, the fast development of innovation in AI plus finance is currently limited. The establishment of standards and risk-prevention systems also lags behind.

Piyush Gupta Chief Executive Officer, DBS Group Holdings Ltd.

AI and data are getting a lot of investment and attention. I think the related important thing will be augmented reality and virtual reality, because when you merge AR into virtual reality, you can get into a completely different world.

It’s meaningful because—can you imagine?—you can live in a whole alternate world your whole life. I don’t need to be physically here. I can be sitting in my office, I project, and you can see my augmented-reality thing and I can be telling you everything you really need. I don’t physically move. So the notion of hologram, the notion of avatar, the notion of virtual people going everywhere—we can make that possible.

The post What Important Innovation or Idea Is Being Overlooked Today? appeared first on Businessliveme.com.

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bobbynolanios88 · 6 years ago

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The Biggest Cryptocurrency Hacks of 2018 (A Year in Which $1 Billion Crypto Was Stolen)

$927 million worth of cryptocurrency was stolen in 2018 according to a new report by CipherTrace. The vast majority of this money was taken from cryptocurrency exchanges in high-profile hacks.

Block Explorer decided to review the biggest crypto hacks of 2018 to remind our readers about the importance of taking all the possible measures to keep their digital fortunes safe. Meet the notorious winners:

January: Coincheck ($532.6 Million Hack)

This year started with one of the biggest crypto heists ever. Around 500 million XEM coins (native cryptocurrency of the NEM project) were stolen from the hot wallet of Tokyo-based crypto exchange Coincheck.

At the date of the incident, the coins were worth roughly $532.6 million, beating the well-known disastrous Mt. Gox hack, when 850,000 of Bitcoins disappeared. The damage at the time was around $450 million.

Coincheck’s misadventures led to its acquisition by Monex Inc., a Japanese financial services group in April 2018. Monex was interested to increase the company’s international outreach.

It took ten months for the dust to settle, but Coincheck has now resumed its trading services.

Japanese crypto exchange Coincheck, which suffered a major hack in January, has now reinstated services for all listed cryptos on its platform. https://t.co/kf8d7EwAxC

— CoinDesk (@coindesk) November 26, 2018

February: BitGrail ($170 Million Hack)

Another month, another hack. This time the bad luck happened to BitGrail, a small Italian crypto exchange. And even though its trading volumes were not impressive, it was a perfect place for trading Nano (XRB). The asset went from $0.1 back in November 2017 to as high as $34 in January 2018 and was trading around $9-$18 at the moment of the hack. Its volatility made it very attractive for speculative traders, and the prospect of potential gains made them blind to the risk of using the non-mainstream exchange.

And so it happened: BitGrail reported that hackers get away with 17 million nano, worth around $170 million at the time of the incident. Francesco Firano, known as @bomberfrancy on Twitter, the man behind the exchange, tried to put the blame on the Nano developers and claiming that they didn’t want to collaborate.

NANO on BitGrail have been stolen.

Unfortunately there is no way to give it back to you at 100% (we only got 4 MLN XRN right now).

The devs, as you have guessed, dont want to collaborate

— Francesco The Bomber (@bomberfrancy) February 9, 2018

Firano offered the project’s team a solution for recovery after the hack: to modify the ledger. But the answer was negative.

This story quickly became more and more controversial due to the endless discussions and theories suggested by social media users. They included the hypothesis that the nano hack was an exit scam.

April: Ian Balina ($2 Million Hack on YouTube Live Stream)

Ian Balina, quite an established crypto influencer, investor and advisor, was hacked during his live stream ironically named “Hacking the System”. Approximately $2 million worth of tokens were snatched during this attack. Some participants of the crypto sphere speculated that it was a foxy trick to avoid taxes.

Later in September, two young men, Fletcher Robert Childers, 23 (aka Veri) and Joseph Harris, 21 (aka Doc), were arrested on suspicion of carrying out the attack. As reported by Motherboard, Balina confirmed he thought Doc and Veri were behind the hack.

Whether the Ian Balina hack was real or not, it’s a good lesson for all of us to learn to properly secure our coins: 1) Use a hardware wallet (ledger nano or trezor) 2) Use 2FA for everything 3) Backup your private keys in cold storage (not accessible online)

— David W (@dw8998) April 16, 2018

June: Coinrail ($40 Million Hack)

June started with some noise in South Korea when a tiny exchange Coinrail lost more than $40 million worth of crypto in yet another hack. The biggest hit was taken by payment processing startup called Pundi X, with around 3% of total NPXS token supply affected.

The project’s team was very eager to cooperate by freezing the stolen tokens immediately and halting trading to help with the investigation.

To this date, there are no major announcements on identifying the criminal behind the Coinrail’s heist.

By the request of Pundi X team, we temporarily suspend the trading of $NPXS on #DDEX to assist the law enforcement with the recent Coinrail hack incident.

— DDEX (@ddex_io) July 6, 2018

June: Bithumb ($31 Million Hack)

Bithumb is one of the most popular crypto exchanges in South Korea; one of the top ten in the world by volume for trading bitcoin cash and ethereum at the time of the hack.

In spite of being a mainstream exchange, Bithumb was the subject of a hack in June 2018. During the attack, approximately 35 billion of Korean won worth of crypto was stolen ($31 million equivalent).

According to some reports, the exchange’s management was aware of security issues prior to the breach and took measures to enhance the exchange’s safety, but it still didn’t work out.

After the hack was discovered, the exchange’s management made a pledge to refund the losses to all affected customers from its own reserves.

The investigation of the event was held by South Korea’s National Police Agency and its cybersecurity division. However, at the moment of writing, no definite suspects were found.

Bithumb Has Recovered Nearly Half of Funds Stolen in Last Week’s Hack https://t.co/jY4Fsv2mzK

— CCN (@CryptoCoinsNews) June 28, 2018

September: Zaif ($60 Million Hack)

Another Japanese exchange came under attack. Hackers accessed the exchange’s hot wallets, which resulted in the loss of $60 million worth of crypto assets, including monacoin, bitcoin cash, and bitcoin.

The owner of the exchange, Tech Bureau Corp., promised to cover the losses of all affected customer and to do so got into a deal with Fisco Ltd. They agreed to exchange the major stake of Zaif exchange for financial support to resolve the issue. The total amount received was 5 billion yen (approximately $45 million).

October: MapleChange (Unknown Figures)

Later in October, MapleChange, a tiny Canadian crypto exchange reported a hack, losing practically all the funds the exchange had at their disposal. The announcement was followed by the company’s management shutting down its website and social media accounts. They deleted everything that might have led to identifying the owner’s names. Many of MapleChange’s customers were not buying the “hack” story and suspected that it was a scam exit.

We CANNOT refund any BTC or LTC funds unfortunately. We will try our best to refund everything else.

— MapleChange (@MapleChangeEx) October 28, 2018

October: Trade.io ($8 million Hack)

Another crypto exchange was hacked in October. Swiss-based Trade.io reported the loss of about $8 million worth of TIO tokens, apparently stolen from a company’s cold wallet.

The stolen tokens were intended to be used as a project’s liquidity pool. Therefore, the management performed a fork to get the funds back.

Interestingly enough the team stored the wallet itself in a local bank’s deposit safe. And since it was reported that the safe wasn’t compromised the only explanation is that hackers somehow managed to access the wallet details for making the transfers, that normally indicates an “inside job”.

SIM Swap Hacks Turn Mainstream. Millions of Dollars Lost

Towards the end of the year, we saw a new trend emerge: sim swap hacks.

By November these got completely out of hand and became a real pain for the members of the crypto community.

In the nutshell, the SIM swap method gives the criminal the access to someone’s crypto wallets. By using SMS backup it’s possible to bypass two-factor authentication commonly used to protect the digital fortunes.

Among the possible scenarios of a perfect SIM swap heist are:

Bribing the mobile operator’s employees to get some inside help with the crime

Intentional abuse of customers’ data by former or current employees

Employees tricking innocent colleagues to swap the potential target’s SIM cards.

As for the victims… Robert Ross, an angel investor from San Francisco, lost around $1 million due to the SIM swap. Christian Ferri, the head of BlockStar lost over $100,000. Michael Terpin, a well-known veteran of crypto space, is suing AT&T over a SIM swap that cost Terpin around $23.8 million at the time. And that’s just to name a few.

The list is living proof that with the evolution of blockchain-based projects comes the increased level of sophistication and persistence of crypto criminals. Don’t let them get you and be safe!

Please don’t keep your crypto on an exchange

It might be simple and convenient, but it is not safe. Instead, move your funds to a secure wallet of your own where it is less vulnerable to hacks.

Essential further reading: 12 Best Bitcoin Wallets (For Safe and Secure Crypto Storage in 2018)

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teiraymondmccoy78 · 6 years ago