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Canadian Crypto Exchange Mistakenly Moved Additional Bitcoin into Wallet it Can't Access
In its first report looking into what happened to the money that shuttered Canadian crypto exchange QuadrigaCX owes its investors, advisory firm Ernst & Young has found that an additional 103 bitcoin valued at C$468,675 ($354,300) were moved on Feb. 6 to a cold wallet protected by a password only its founder - who died in December - knew. Quadriga
ProChain Capital Posted Gains… Thanks To Its Crypto Longs
Blockchain
Here’s something we weren’t expecting. The big story about cryptocurrencies for about the last year has been their tumbling prices, but then December hit, bringing a bear market down hard on the stock market. Today the bitcoin price continues to struggle, falling to its lowest level in six weeks. It was exceptionally difficult for equity-focused funds to post gains for
EmTech Asia Explores Tech’s Impact on Life and the World Around Us
Organized by the MIT Technology Review and Koelnmesse Pte Ltd, the sixth annual EmTech Asia conference opened its doors at the Marina Bay Sands last month and drew a crowd of over 700 participants from over 30 countries. Taglined “Discover the Emerging Technologies that will Change the World”, EmTech Asia 2019 attendees heard from 50 of the world’s most influential
Mystery Deepens With Canadian Crypto Exchange's Missing Funds
The Canadian crypto exchange QuadrigaCX owes its investors about $250 million CAD (US$190 million) in both cryptocurrencies and fiat funds, but the company claims its late founder was the only person at the company who knew how to access the money, as CoinDesk reported early last week. Citing court documents it had obtained from the Nova Scotia Supreme Court, CoinDesk
A New ETF Combines Blockchain, Cloud and Other Technologies
AdvisorShares, one of the largest issuers of actively managed exchange traded funds, is adding to its lineup with the debut of the AdvisorShares Sabretooth ETF (NASDAQ: BKCH). The new ETF will invest in companies with exposure to blockchain and cloud computing, two of the fastest-growing corners of the technology sector. What Happened BKCH's investment thesis “holds that companies utilizing cloud
Japanese Trading Giant Itochu Hops on the Blockchain Bandwagon
Blockchain
Hong Kong Blockchain Week is happening March 4-8, 2019. Click here to meet 3,000 plus blockchain industry leaders. The Itochu Corporation, one of Japan’s largest trading companies, recently announced plans to develop a blockchain-based supply chain tracing system, according to the Coin Telegraph: Itochu Corporation, a general trading company and one of the five largest companies in Japan, is developing
Facebook’s Move Into Crypto Puts Pressure On Amazon
Blockchain
Facebook Inc (NASDAQ:FB) has paved the way for social media and tech advancements in the past, so its recent turn towards cryptocurrency brings questions of what will become the new norm for similar sites. Sean Keefe, Managing Partner at Straight Up Capital, shares his vast knowledge of cryptocurrency and gives an interesting perspective for what the future of Bitcoin may
Facebook Enters Blockchain Space With Chainspace Acquisition
Blockchain
It was recently reported that Facebook has acquired Chainspace, its first company in the blockchain space. Chainspace is a smart contract protocol development and research firm. Simon / Pixabay This acquisition comes as no surprise as within the last year, Facebook had been rapidly expanding its blockchain space competencies by hiring software developers, engineers, and academics who are well versed
SEC Solicits Companies to Provide Data For Most Widely Used Blockchains
The U.S. Securities and Exchange Commission is seeking both large and small companies that can provide blockchain data "to support the SEC's efforts to monitor risk, improve compliance, and inform Commission policy with respect to digital assets," the agency announced. Specifically, the SEC wants tech solutions that "extracts blockchain data and parses this data to make it easily reviewable." Here
Report: A Canadian Crypto Exchange Owes Investors $190M That it Can't Access After its Founder Dies With the Password
The Canadian crypto exchange QuadrigaCX owes its investors about $250 million CAD (US$190 million) in both cryptocurrencies and fiat funds, but its late founder was the only person at the company who knew how to access the money, as CoinDesk reports. Citing court documents it had obtained from the Nova Scotia Supreme Court, CoinDesk notes that "there were roughly 115,000