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Industry WIKI

Digital assets and currencies

Understand assets, networks and trading mechanics with sources you can check.

Banking

2015–2016 SWIFT banking hack

In 2015 and 2016, a series of cyberattacks using the SWIFT banking network were reported, resulting in the successful theft of millions of dollars. The attacks were perpetrated by a hacker group known as APT 38 whose tactics, techniques and procedure overlap with the infamous Lazarus Group who are believed to be behind the Sony attacks. Experts agree that APT 38 was formed following the

Assets

2016 Bitfinex hack

The Bitfinex cryptocurrency exchange was hacked in August 2016. 119,756 bitcoins, worth about US$72 million at the time, were stolen.

Trading basics

Goldback

The Goldback is a fractional gold commercial product marketed as a local currency and commodity which has seen limited use in some U.S. states, and is sold and marketed by Goldback, Inc. of Utah. The Goldback contains a thin layer of gold within a polymer coating equivalent to 1/1000 of an ounce.

Banking

Watermark

A watermark is an identifying image or pattern in paper that appears as varying shades of light and dark when viewed by either transmitted light or reflected light. These patterns are created from variations in the thickness or density of the paper. Watermarks have historically been used on postage stamps, currency, and other official documents to discourage counterfeiting. There are two