Coindcx exchange to launch in India despite regulations

While RBI is tightening the regulations for the crypto exchanges, Coindcx team still is hard at work launching their platform
08 April 2018   1040

Despite quite a dire situation with recent crypto-related bans in India, a lot of people still want to trade cryptocurrencies. And if there is a demand, there will be an offer, as Sumit Gupta, the founder and CEO of a new cryptocurrency exchange Coindcx, shows us. While other exchanges are consolidating their audience to turn the tide with their petition to Reserve Bank of India, Coindcx team is hard at work launching their platform for the customers.

According to Gupta. Coindcx will enable Indian residents to trade more than 30 digital asset pairs with 0.1% trading fee. Gupta goes on to say that the move to open trading during this unfortunate period of regulations clamping down on other exchanges was deliberate. Coindcx launches to provide the Indian blockchain community with a way to save their funds and not to sell at loss.

You don’t have to get rid of your investment while the market is down, don’t sell at loss. Simply move your cryptos to Coindcx, where you’ll be able to enjoy faster deposits, lower trading fees, 30+ trading pairs, and the most intuitive platform, all without touching fiat currency (INR),” Gupta details.

The platform aims at providing the most comfortable experience to the mainstream customers, so even if there would be no way to offload the crypto account to fiat after banks close down on crypto exchanges, the users still are able to check prices, trading pairs and exchnage rates in Indian Rupees to provide a clear reference for a real-world money.

China to Finance Hacker Attacks on Exchanges, - FireEye

Experts believe that the victims of APT41 are industry participants, the development of which is a priority in the current Chinese five-year period
08 August 2019   288

The hacker group APT41 attacks companies in the areas of healthcare, telecommunications, fintech, media, and cryptocurrency exchanges. This activity is funded by the Chinese government, according to analysts of cybersecurity company FireEye.

Experts believe that the victims of APT41 are industry participants, the development of which is a priority in the current Chinese five-year period.

Industries Targeted by APT41
Industries Targeted by APT41

At the same time, APT41 pursues its own goals, extracting financial benefits from attacks, which is unusual for other groups under the Chinese government, according to FireEye.

APT41 is known to include at least two people with the pseudonyms Chzan Xuiguan and Wolfji. The group probably has connections with other hacker organizations like BARIUM and Winnti.

FireEye also evaluated at what time of the day the APT41 attacked the gaming industry (its core target) and businesses from other areas. It turned out that this was happening outside the framework of a standard working day - probably these people, among other things, have the main job.

APT41 Operational Times
APT41 Operational Times

According to the UN Security Council, hackers under the DPRK government stole about $ 2 billion from banking institutions and cryptocurrency exchanges.