The Biggest Cryptocurrency Hacks in History


Cryptocurrencies burst onto center stage in 2017, delivering what might very well be historic gains. For the year, the aggregate value of all digital currencies soared from a starting value of $17.7 billion to an ending value of roughly $613 billion. That works out to an increase of more than 3,300%! By comparison, the stockContinue reading “The Biggest Cryptocurrency Hacks in History”

Bloomberg: 7% Of Bitcoin Supply Held In Cold Storage Vaults By One Company


Bitcoin storage provider Xapo now holds about 7% of the world’s total Bitcoin supply in its vaults, “roughly” amounting to $10 bln, Bloomberg reports May 9 quoting unnamed sources. According to two clients, the wallet and cold storage provider currently looks after an estimated $10 bln in the cryptocurrency. A further source “close to” the vaults, which now encompass five continents, calledContinue reading “Bloomberg: 7% Of Bitcoin Supply Held In Cold Storage Vaults By One Company”

Survey: 30% Of Financial Executives To Commit Resources To Blockchain


The Financial Executives Research Foundation (FERF) has released a report prepared in partnership with one of the ‘Big Four’ accounting and consulting firms Deloitte, on how blockchain technology is being employed in financial applications, Accounting Today reportedMay 9. The report entitled “Blockchain for Financial Leaders: Opportunity vs. Reality” analyzes how blockchain could affect financial reporting, staffing, and other areasContinue reading “Survey: 30% Of Financial Executives To Commit Resources To Blockchain”

Ethereum (ETH) – Much awaited U.S news a test of investor resilience: Are you a weak or a strong hand?


Ethereum (ETH) is at a historic moment, one that could change its future trajectory for good. Currently, U.S regulators are holding a meeting, to decide on whether Ethereum is a security or not. The whole issue relates to the Ethereum ICO in 2014. According to U.S regulators, people who bought into Ethereum at the time didContinue reading “Ethereum (ETH) – Much awaited U.S news a test of investor resilience: Are you a weak or a strong hand?”

The world will have a global cryptocurrency, but it won’t be bitcoin, says ex-Goldman president Gary Cohn


“I’m not a big believer in bitcoin. I am a believer in blockchain technology,” former Goldman Sachs President Gary Cohn told CNBC’s Bob Pisani in a “Squawk on the Street” interview. “I do think we will have a global cryptocurrency at some point where the world understands it and it’s not based on mining costsContinue reading “The world will have a global cryptocurrency, but it won’t be bitcoin, says ex-Goldman president Gary Cohn”