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.
The top 20 exchanges for security according to CER
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.
Enjinx Launches New Block Explorer
Enjinx has launched its new blockchain explorer. The tool, for interacting with the Ethereum network, is characterized by a clean and minimal design that sets it apart from traditional blockchain explorers. The Enjinx team is aiming to position its new resource in direct competition to Etherscan, the most popular explorer within the Ethereum ecosystem. Transactions, blocks, and ERC20 tokens can all be browsed,