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”