DC Forecasts – Leading Digital Currencies

About DC Forecasts – Crypto News 24/7

DC Forecasts is an award-winning global crypto news website
From the latest news about bitcoin to rumours about decentralized applications, smart contracts, the Internet of finance, blockchain and the next gen web, we combine the best news, prices, analyses, breakthroughs and advice with emphasis on our expert opinion and experienced commentary from members of the prestigious digital currency community.

Directory – The Leaders within the industry

DC Forecasts is an award-winning global crypto news website
We only promote the leading within the industry, from the top Brokers, Casino’s & Crypto Businesses.
You will find all with a dedicated review by our head editor + links to a review website before you start trading / playing / exchanging / buying / selling & More,

We highly recommend before you act, please review them on CryptoIspy.com to reduce the risk.

The Top Blockchain Events of 2018

DC Forecasts is an award-winning global crypto news website

Our global coverage includes Blockchain events from all over the world including the United States, Europe, Asia and Australia & worldwide. From bitcoin conferences to official crypto events, you shouldn’t expect to miss a single event on our site and always get in touch with the latest news.

Don’t miss out on exclusive FREE tickets & discounts to all our readers by signing up for our newsletter

ICO Calendar and ongoing token sales

DC Forecasts is an award-winning global crypto news website

From the latest news about bitcoin to rumours about decentralized applications, smart contracts, the Internet of finance, blockchain and the next gen web, we combine the best news, prices, analyses, breakthroughs and advice with emphasis on our expert opinion and experienced commentary from members of the prestigious digital currency community.

Atlas, which is a popular cryptocurrency investment platform from Brazil, has recently been hack. The result of the hack is quite tremendous – Atlas lost data from more than 264,000 of its customers.

What happened is the following…

A security breach was first noticed by the Investimentos Digitais YouTube channel, where more than 14,500 records of leaked data showed the user’ balances, their email addresses, names as well as phone numbers. The leaked data also showed that there are 5,813 BTC (worth $39 million) active and deposited on the platform.

As the Brazilian news outlet Portal do Bitcoin reported, one of the Atlas’ users who had over 2 BTC deposited, confirmed that this data is real. Among the users who got hacked were popular people too – such as the CEO of Stratum coinBR, as well as Atlas’ own profile which had 792 BTC in total.

After acknowledging the incident, Atlas published a statement with its plans to launch an official investigation. The statement read:

“We would like to point out that this wasn’t a bitcoin theft or a violation of our accounts in the exchanges. However, our customer base was exposed. At the time of the incident, we took immediate steps to protect the database and [the] passwords and private keys are encrypted.”

The Brazilian investment platform also noted that the company will be adopting new security measures and would not send users emails regarding their data in the next few hours – even though it is actively monitoring the affected accounts. For security reasons, the withdrawals on the platform are also currently restricted.

Share This With Your Friends

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by
a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website,
feel free to contact us at editor@dcforecasts.com

South Korean Crypto Exchange Komid Leaders Sentenced To Jail

Two of the leaders of the South Korean crypto exchange Komid, were arrested and sentenced to jail after they were accused of faking the exchange volumes, according to the crypto news media outlet reports from South Korea.
One of the leaders was Komid’s CEO with the last name Choi who received a three-year sentence while the other one, who is also among the company leaders, was sentenced to two years in prison for misconduct, embezzlement, and fraud.
According to the charges, both of them outlined a scheme where the exchange was able to fake 5 million transactions thus inflating the volume and at the end, it led to them making a huge profit of $45 million. The company reportedly used an auto-bot to create large orders and attract new users.
The judge was quoted saying:

“Choi has committed fraud for a countless number of victims for a long period of time…. Futhermore, he holds the financial authorities responsible for failing to keep track of the industry better.”

Last year in December, one of the largest crypto exchanges in South Korea Upbit was accused of manipulating their order book after regulators indicted a couple of their staff. However, the exchange was quick to deny the accusations.
Following the reports from the Seoul District Prosecutors Office, the Korea Times pointed out that two senior executives from Upbit and one employee from the same company have been indicted but they were not detained for further investigation purposes.
At the same time and in the same month, South Korea-based crypto exchange Bithumb was also accused of faking its trade volume but they too denied the allegations.

Customer Data From Top-Notch Crypto Exchanges For Sale On The Dark Web

Hacked data from many users on multiple major world crypto exchanges, is being sold on the darknet market named ‘’Dread’’ by a user called ‘’ExploitDOT’’ who claims to have the information from the know-your-customer data so we are taking a closer look in our crypto news below.
The hacker placed an ad online last year in July where he claims to have hacked the KYC documents such as identity cards, driver’s licenses and other info from a few exchanges including Poloniex, Bitfinex, Binance, and Bittrex.
Each piece of information is for sale at $10 including 100 documents and for those who want to buy in bulk, there is even a discount. The ad is still online and running.
An expert in cybersecurity pointed out that he tried to contact the individual who posted the ad and posed as a buyer and was even able to get samples as proof that the documents are there and legitimate. He got pictures of people holding a piece of paper and on the paper was the name of a certain exchange with the date right below when the picture was taken.
The security expert had an exchange with Binance via email where documents couldn’t be verified one by one and there are some inconsistencies between the data that was presented and the samples he hacker offered.
Binance’s spokesperson noted that they have a few theories in regards how the information got out but claiming that there hasn’t been any unauthorized access to their system found.

Seven bitcoin traders got indicted in Taiwan after prosecutors charged them for operating a scam crypto investment that brought them $51 million from more than a thousand investors, according to the crypto news coming from Taiwan.
The 47-year-old man, who was the ringleader of the operation with the last name Lin, gathered the group and violated the Taiwanese banking and business laws which led to their arrest back in 2018 in June.
The scammers defrauded about 1,000 people across Taiwan and obtained $51 million by making false promises for making huge returns. The scheme promised a stunning 355% return after only one year of investing according to the Investigation Bureau in Taiwan.
Prosecutors believe that most of the investors didn’t receive any returns for their investment until February 2018 but later stopped receiving returns in April for good.
The government in Taiwan is taking strict measures to regulate cryptocurrencies and the use of bitcoin to fight money-laundering and terrorism funding. Back in September, the Taiwanese Cabinet approved several amendments to the Money Laundering Control Act and the Terrorism Financing Prevention Act in order to tighten supervision of the crypto market and banking industry.
Also, the government of Taiwan explicitly said that it will not go by the steps of China and South Korea to ban crypto activity overall.
The regulation of the crypto market is a burning topic all around the world including the United States since there is a mass skepticism for bitcoin adoption merely because of the regulation concerns after the president of the Federal Reserve Bank of New York said:

“Cryptocurrency doesn’t pass the basic test of what a currency should be. Currency is basically something with a store of value and bitcoin is not that.”

21-Year Old Accused Of Stealing More Than $24 Million Worth Of Crypto

Nicholas Truglia, the 21-year old American from New York, is in our crypto news today after being accused of stealing millions of dollars worth of crypto by using the SIM swapping method.
The plaintiff Michael Terpin who is a long-time crypto investor, filed a lawsuit back in August last year against AT&T accusing the company of negligence by allowing the suspect to take control over the plaintiff’s phone and steal more than $24 million in crypto.
SIM-swapping is basically theft of a cell phone number which allows the thief to hijack all of the online financial data from social media accounts and other financial accounts since many companies now use automated messages to handle customer authentication.
Terpin explained that his legal team has already identified the primary suspect who is actually Nicholas Truglia.
Truglia has been arrested before also for a similar SIM swap criminal charges by allegedly stealing more than $1 million in crypto from Silicon Valley executives. He is currently in prison in Santa Clara County, California.
In the evidence presented, there are plenty of statements and text messages that were sent by Truglia on the same date when Terpin got all of his accounts attacked, saying to his friends that he had stolen a crypto wallet with more than $20 million in it. In one of the texts, he even brags saying he is a millionaire. He also confessed to friends that that particular theft was his largest.
Terpin’s filed complaints including charges against Truglia under the Racketeer Influenced and Corrupt Organizations.