Tuesday’s installment of The Daily details new tools that are helping users safely navigate the cryptocurrency ecosystem. From making an informed decision about which exchanges to trust to tracking blockchain transactions with Enjinx, we cover a selection of developments from across the cryptosphere, before finishing with a trip to the darknet where KYC documents are allegedly up for sale.
Also read: How to Buy Bitcoin Anonymously
100 Crypto Exchanges’ Security Assessed
Over the last few months, Crypto Exchange Ranks (CER) has been shining a light on the practices of the exchanges tasked with protecting customer funds and fairly reporting trading volume and other metrics. While a good number of exchanges act ethically, there is a lot of unscrupulous operators out there. In its latest report, CER has applied a security score to the top 100 exchanges, ranking them for server security, user security, and an ongoing crowdsourced security assessment.
Just nine exchanges scored more than 8/10 in the report, with the top four comprising Kraken followed by Coinbase Pro, Binance, and Bitmex. Not surprisingly, the exchanges that received the lowest score were troubled by hacks during 2018. Bithumb, Coincheck, and Zaif all scored less than 5/10.