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Austin

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Austin last won the day on December 15 2017

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  3. For more news latest update On Cryptocurrency & Crypto trading signal visit below give Telegram channel Join- https://t.me/btctradingclub The South Korean Government recently conducted a security audit on 21 Cryptocurrency exchanges and according to a local news story published on January 10, 2019, only seven of them passed the audit. The audit took place between September and December 2018 and out of the 21 surveyed, Bithumb, Coinone, and Korbit, along with four others, made the grade. This means that the 14 other exchanges are still vulnerable to attack as far as the government is concerned. The Audit and Recent Security Breaches The audit was carried out by The Ministry of Science and ICT, the Korea Internet & Security Agency, and the Ministry of Economy and Finance between the months of September to December 2018 and was based on 85 security aspects. Some of the aspects touched on included administrative, network, system, and operational security. After the review was completed, Upbit, Bithumb, Gopax, Korbit, Coinone, Hanbitco, and Huobi Korea were cleared. The others, however, were deemed “vulnerable to hacking attacks at all times because of poor security.” It comes as no surprise that the South Korean Government would conduct such an audit on cryptocurrency exchanges considering the attacks that they have faced in recent times. Coinrail, which suffered a “cyber intrusion” in June 2018 and lost over $40 million, and is perhaps the most notable. In total, 1,927 ether, 2.6 billion NPXS, 93 million ATX, and 831 million DENT coins were stolen along with various amounts of six other tokens. Bithumb, which is one of the exchanges to pass the audit, was also targeted that same month and lost over $31 million in the attack. A few days earlier, on June 16, 2018, a security enhancement checkup had taken place after what the Exchange called a number of unauthorized access attempts. After this attack, the Korea Internet & Security Agency launched an investigation into the hack. In December 2018, Bithumb was acquitted by a South Korean court after they were sued by a user who alleged that a hack led to the loss of about $355,000. With the rise of security incidents, the stepping in of the government could serve to create a uniform standard of security among exchanges that will help ensure that such incidents do not repeat themselves.
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  11. For more latest news update Cryptocurrency training Crypto trading signals & automated trading software join below given telegram channel https://play.google.com/store/apps/details?id=com.freecryptosignals.app Join- https://t.me/btctradingclub Join- https://t.me/freebitmexsignals Gambling is one of the most valuable industries out there with a market capitalization that is expected to cross $520 billion by 2023. Just like in any other major industry, new technologies infiltrate the gambling sector and provide future opportunities and open new markets. It does therefore not surprising that countries like Malta offer a legal framework for gambling companies to start working in the European territory. Apart from cryptocurrencies, as means of payment, the blockchain technology itself can make significant transformations in the existing gambling industry. One prime example of how blockchain can be used to help revolutionize the gambling industry is betbox Betbox is an online application which is designed to work as a high-tech betting platform powered by Ethereum Virtual Machine. Betbox app users can bet on events that are listed on the platform and also create individual events by themselves. Events can be private for a selected audience or shared in public so anyone can join. Apart from betting events, betbox users can also list personal challenges within the platform so other users can bet on whether the challenge will be accomplished or not. Additionally to this, betbox aims to provide futuristic features to entertain its followers and give them a chance to secure earnings or win a life-changing jackpot. By making use of the blockchain technology, betbox aims at storing all betting-related information and votes in decentralized locations thus providing transparent and secure data on each bet. (Try the MVP now on www.betbox.app). Betbox also ensures secure payments within the platform by providing decentralized wallets which will be connected to the user accounts. The betbox coins, which are used to fuel the native OX-Chain will ensure smooth flow of payments within the betbox platform and also makes it convenient for users to place bets quickly. But not only the betbox coins can be used for taking part in events. The ecosystem is designed to enable betting with other currencies and also with FIAT in the future. What Blockchain Means For Gambling Industry? As we mentioned in the beginning, the gambling industry is among the most prosperous industries globally. With the introduction of blockchain in gambling, more people will be interested in trying their hands in gambling and betting, thanks to the transparency and security offered by blockchain. Betbox is one of the best blockchain-backed betting and gambling apps out there and offers a completely legal, convenient and secure environment. As blockchain becomes more prominent everywhere, we will surely be able to see more platforms like betbox that incorporate the features and efficiency of blockchain into the gambling industry. But will there be space next to this industry leader?
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