BlockFi, the New York-based crypto lending platform, yesterday announced that a hacker successfully used a SIM Swap attack to gain access to customer data.

French crypto startup Digycode has made it possible to purchase Tezos (XTZ) with its prepaid vouchers in 10,000 convenience stores across France.

The Litecoin Foundation and game developer Atari have partnered to promote the upcoming Atari Token launch.

• BlockFi Suffers SIM Swap Attack, But No Funds Were Lost
• Texos (XTZ) is Available to Buy From 10,000 Convenience Stores in France
• Litecoin Foundation Partners With Atari to Promote Atari Token's Launch

At the time of writing, bitcoin (BTC) is trading at $9,772.38 (-0.30%) with a daily Top Tier volume of $3.91 bn. As for ether (ETH), it is trading at $213.80 (-0.23%) with a daily Top Tier volume of $809.58 mn. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 3,135.64 (0.59%).

BlockFi Suffers SIM Swap Attack, But No Funds Were Lost

BlockFi, the New York-based crypto lending platform yesterday announced that a hacker successfully used a SIM Swap attack to gain access to customer data. No user funds were lost in the security breach. The memo said:

"On May 14, there was a data incident at BlockFi that exposed certain client account information for a brief period of time. While no information was accessed that would enable the intruder to access your account or your funds, we believe it is in the interest of transparency to share the following details with you, and all of our other clients who were potentially affected."

In the incident report, released yesterday, BlockFi explained how the attacker used a SIM Swap attack that tricked the mobile phone operator into activating the employees phone on another device, circumventing the two-factor authentication systems.

Texos (XTZ) is Available to Buy From 10,000 Convenience Stores in France

French crypto startup Digycode has made it possible to purchase Tezos (XTZ) with its prepaid vouchers in 10,000 convenience stores across France. Digycode's co-founder Christopher Villegas explained their decision to add Tezos as they felt it was "one of the most promising" crypto projects.

Digycode now offers six cryptoassets in their network of stores with Tezos (XTZ) being the latest addition to join Bitcoin, Ethereum, Litecoin, Ripple and Dash. Users who want to buy crypto through Digycode's stores must go through the KYC verification on the companys website first.

Litecoin Foundation Partners With Atari to Promote Atari Token's Launch

The Litecoin Foundation and game developer Atari have partnered to promote the upcoming Atari Token launch. The token is set to launch in September, according to a press release published yesterday and Litecoin will be accepted as a means of payment for the token.

The Atari Token allows users to manage their in game purchases and make payments in the Atari casino. Atari has created a subsidiary company called Atari Chain Ltd, that is focused on developing crypto projects in entertainment industries.

BitMax.io - A Global Leading Digital Asset Trading Platform

Registered in Singapore, BitMax.io (BTMX.com) is a high-performance digital asset trading platform servicing retail and institutional clients across the globe with a broad range of financial products and services.

BitMax.io was formally launched in August 2018 with the core vision to support industry innovation and advancement of digital asset trading ecosystem. Since then, it has established itself as a top institutional-grade trading platform with more than 190 trading pairs and over 40 margin trading pairs. 

The platform attributes its growth to its relentless focus on product innovation. In February of 2019, the platform launched the margin trading product with unique cross-asset collateral mechanism. In June of 2019, an innovative volatility-linked derivative product, called Volatility Cards, was introduced to allow the user to trade upon their anticipation of an asset’s price fluctuation velocity. In March of 2020, BitMax.io expanded its strategic offering to derivative trading with an initial product of BTC-PERP, a perpetual futures contract. 

One of the key differentiation is its rigorous design of liquidation engine supported by the flexible Backstop Liquidity Provider Program “BLP” to mitigate the risk of clawbacks and transfer the distressed positions to opt-in institutions in BLP.  Right after that, in April, BitMax.io rolled out a distinctive staking service that allows users to receive staking returns without sacrificing liquidity, and thus, addresses the liquidity challenges associated with traditional staking mechanisms.

 

 

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