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A New Report Says Two Groups of Hackers Have Stolen About $1B in Cryptocurrencies - So Far
Well, here's something to keep crypto investors up at night: A new report by Chainalysis has found that "two prominent, professional hacking groups" have been responsible for stealing about $1 billion in digital coins thus far, accounting for at least 60% of all publicly recorded hacks. According to Chainalysis - a firm that tracks cryptocurrency transactions - these two hacking groups,
The Battle Over ICO Regulation Has Just Begun
In a speech he delivered last December, U.S. Securities and Exchange Commissioner Jay Clayton somewhat surprisingly acknowledged that he believed initial coin offerings (ICOs) are potentially "effective ways for entrepreneurs and others to raise capital." It became a little less surprising, however, when Clayton added one big caveat: "The novel technological nature of an ICO does not change the fundamental
Reports: Former Trump Cabinet Member Has Jumped on the Blockchain Bandwagon
During his short tenure as interior secretary in the Trump administration, Ryan Zinke was primarily known for two things: Leading the White House's aggressive rollback of environmental protections and being the target of several federal investigations into alleged corruption that eventually led to his resignation in December. But now Zinke wants to be known for something else, as he's been
Glimpse into the Future at Hong Kong Blockchain Week
The first thing to know about blockchain technology is that there is a lot to know. There is, of course, Bitcoin, which has always been seen as Batman to blockchain’s Robin, or vice-versa. But since those early days when Bitcoin and blockchain were seemingly joined at the hip, the nascent technology has begun to outgrow its exclusivity with cryptocurrencies: From
China’s Tencent to Help Boost Hong Kong’s Fintech Startups
Tencent, China’s erstwhile “startup killer,” is opening its doors to Hong Kong’s burgeoning startup scene, writes Entrepreneur: In a bid to promote the growth of financial technology in Hong Kong, the Hong Kong Science and Technology Park (HKSTP) has signed a Memorandum of Understanding (MoU) with Chinese Internet giant Tencent. The partnership is aimed to accelerate the R&D development and
Report: Fidelity is Eyeing March to Launch its Bitcoin Custody Service
Fidelity Investments' anticipated bitcoin custody service, which will service institutional investors that want to trade cryptocurrencies, is now slated to launch in March, Bloomberg reports. Fidelity is expected to first offer bitcoin storage and then ether custody next, according to Bloomberg, citing three firms that have spoken to Fidelity. “We are currently serving a select set of eligible clients as
Kik is Reportedly Challenging the SEC's Ability to Regulate ICOs
Mobile messaging app Kik is gearing up for a court battle to challenge the Securities and Exchange Commission's authority to regulate initial coin offerings (ICOs), the Wall Street Journal reports. Ted Livingston, chief founder and chief executive officer of the Waterloo, Ontario-based startup, tells the Journal that the company "plans to fight an expected enforcement action from the Securities and
Is Crypto 'Too Small' For Regulation? – Expert Commentary
Off the back of news that speakers at the World Economic Forum in Davos, including Kenneth Rogoff, Professor of Economics at Harvard University, have claimed that crypto is “too small” for regulation, please see comments below from several experts in the blockchain and crypto space — including representatives from Social Alpha Foundation, INVAO, and Gibraltar Stock Exchange — who have
Searching For the 'Holy Grail' of Crypto Rules
When global crypto wallet firm Xapo recently announced at the World Web Forum in Zurich that it was relocating its most important business operations from Hong Kong to Switzerland, Xapo's president Ted Rogers cited "he search for a better crypto regulatory environment" as the reason for the move, according to Cointelegraph. When Michael Arrington, a partner at Arrington XRP Capital,
Samsung Blockchain KeyStore: Galaxy S10 To Get Cryptocurrency Wallet
Image Source: Samsung Newsroom (screenshot) When folks at SamMobile reported last month that Samsung would launch its own cryptocurrency wallet with the Galaxy S10, the Korean company dismissed it as “rumor and speculation.” Newly leaked pictures of Galaxy S10 suggest the device will indeed have a built-in cryptocurrency wallet called the Samsung Blockchain KeyStore app. The leaked images also show