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Binance joins Neo Council, 2.1 million NEO used to secure two Top 21 positions

Binance Staking has secured two positions on the Neo Council. At the time of press, Binance has voted with approximately 2.1 million NEO to secure its places in the Top 21. Binance is the world's largest custodial exchange with nearly US $9.07 billion in 24-hour volume, according to CoinCap.io. Binance Staking is a service that allows users to earn distributions offered on proof-of-stake or other networks that distribute rewards to participants. The platform provides two types of staking: flexible and locked. Flexible staking offers fewer rewards but allows users to move the underlying assets at any time. Locked staking requires users to deposit a token for a specific time frame but provides higher yields. For example, a minimum of 0.01 NEO locked for 15, 30, 60, or 120 days will earn increasing yields of 5.79%, 7.49%, 8.79%, and 13.56% (made in GAS distributions), respectively. In the announcement post, Neo Global Development said "Binance Staking's new membership in the ...
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Over 1,000 customer data missing in CryptoTrader.Tax breach



Digital currency tax reporting service CryptoTrader.Tax suffered a breach, resulting in 13,000 rows of data and 1,082 unique customer email addresses stolen.

The breach reportedly took place on April 7, but the platform did not make an official announcement at the time. Instead, it contacted the individuals affected directly. The incident only came to light after CryptoTrader.Tax co-founder and CEO David Kemmerer confirmed that the data breach happened.

How it happened
An individual familiar with the matter was quoted by CoinDesk saying the hacker was able to gain access to a CryptoTrader.Tax employee's account. The employee worked in marketing and customer service, which allowed the hacker to access customer names, emails, payment processor profiles, and messages to customer service on the platform. Once the hacker accessed this information, they allegedly took screenshots of the data, and subsequently posted them on a dark net forum to show others that they had personal identification data for sale.

Why are we just finding out?
Although CryptoTrader.Tax did act relatively responsible after learning of the breach, it comes as a surprise that the April 7th hack is officially being made public for the very first time four months later in August.

Kemmerer told the new outlet that shortly after CryptoTrader became aware of the breach, they alerted the customers that were affected and took steps to improve security measures and monitoring systems across internal and third-party applications. Yet, it remains unclear why there was no official announcement, such as a blog that announced the data breach or even a post on a social media network alerting their users.

Although their team did take appropriate steps to warn customers and upgrade their system security after the breach took place, they did so in a rather intransparent way, which should make any individual that does business with CryptoTrader.Tax a bit weary of how the platform decided to operate.

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