KPMG: Blockchain Funding in US This Year Has Already Surpassed 2017’s Total
Investment in the blockchain industry is booming in the U.S., according to a new report from “Big Four” auditing firm KPMG.
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Two Thirds of Korean Crypto Exchanges Fail Government Security Check
news Only a third of cryptocurrency exchanges inspected got a full pass in a recent government security audit. The Ministry of Science and ICT, the Korea Internet & Security Agency and the Ministry of Economy and Finance inspected a total of 21 crypto exchanges from September to December 2018, examining 85 different security aspects. Notably,…
If Crypto Is the Future, Advisors Need to Embrace It Now
It’s fair to say sentiment toward crypto among the general public has plummeted in the past year. This may have a secondary effect of pushing financial advisors to shy away from the category, and digital assets in general, at least until there is more certainty in the markets and the forces driving them.Looking at the…
Galaxy Digital to Launch 2 New Bitcoin Funds in November
news Galaxy Digital Asset Management, a division of the merchant bank Galaxy Digital, is launching two bitcoin funds in November, according to a source with direct knowledge of the matter. Headed by billionaire ex-hedge fund manager Michael Novogratz, Galaxy is offering the funds to give accredited investors low-fee, institutionally managed bitcoin exposure and will make…
Bitcoin Buyer Quietly Accumulates $424M of BTC in Three Weeks
The owner of one mystery wallet has purchased 11,268 bitcoin (BTC) worth $424 million since November 10 and is now the 74th largest holder of BTC, according to Bitinfocharts.The buys – which include 875 tokens acquired today – were made at prices ranging from $36,000 to $38,000, meaning the owner is sitting on around $9.8
UCSF Hospital Paid $1.14M in Bitcoin After Ransomware Attack
Jun 30, 2020 at 20:12 UTCUpdated Jun 30, 2020 at 20:35 UTCUCSF Hospital Paid $1.14M in Bitcoin After Ransomware AttackAccording to a recent report by BBC News, University of California San Francisco paid hackers $1.14 million in bitcoin after a ransomware attack earlier this month. The Netwalker ransomware group is believed to be behind the attack…
JPMorgan Survey Shows Over Half of Institutional Traders Don’t Want Crypto Exposure
Only 7% of the survey participants see blockchain as an influential technology, falling from 25% in 2022.61% of the participants expect AI and machine learning to shape the future of trading in the next three years.Traders see inflation, the U.S. election, and recession risk as the top three catalysts that will impact the broader market
Jump Trading, Wormhole Part Ways Amid Tough Crypto Market: Bloomberg
Jump Trading Group has broken up with Wormhole, a crypto project belonging to its crypto investing arm, as it continues to pull back from the volatile digital-assets market, Bloomberg reported Friday.Several high-ranking Wormhole employees, including the project's CEO and COO, have left Jump to "run Wormhole as an independent entity," the publication reported, citing people
YouTube Seeks to Dismiss Ripple Lawsuit Over XRP Giveaway Scams
Jul 23, 2020 at 16:38 UTCYoutube (Photo: Szabo Viktor/Unsplash)In a motion to dismiss a lawsuit brought by Ripple, YouTube argues it isn’t liable for crypto scammers using its platform. The motion filed on Monday in the U.S. District Court for the Northern District of California, argues that under Section 230 of the Communications Decency Act,…