News > FinTech

Cryptocurrencies Saw About $13 Billion in Value Erased in Three Hours
Stop us if you've heard this one before: Cryptocurrencies suffered massive losses that has placed its record highs of 2017 further in the rearview mirror. In a year of unrelenting terrible news for digital coins, Thursday's results were a doozy: Bitcoin had dropped almost 5 percent in morning trading to $6,303, while XRP and ethereum both plunged more than 10
New Research Suggests Crypto Metrics Are Pointing to Market Implosion
Echoing the recent sentiment of mainstream economists, new research has emerged this week pointing to some of the key metrics of the crypto world as a sign of ‘market implosion’. The study indicates that that bitcoin has seen its daily transaction volumes fall from an average of around 360,000 a day in late 2017 to just 230,000 in September 2018.
Summer Capital Acquires Stake in Pending ‘Cryptocurrency Investment Bank’
Hong Kong-based investment firm Summer Capital is betting that regulators will allow SEBA Crypto AG to become the world’s first crypto investment bank, according to the SCMP: Summer Capital spokesman Jack Chung said he expects SEBA, which is headquartered in the affluent Swiss municipality of Zug, to receive approval as a banking and securities dealer by the Swiss Financial Market
Yale's David Swensen Makes First Investments in Cryptocurrency
David Swensen, the legendary chief investment officer of Yale University's $29.4-billion endowment, has apparently bucked the trend of some other high-profile investors and begun betting on the cryptocurrency market. CNBC is reporting that Swensen has invested in two crypto-focused venture funds: Andreessen Horowitz's recently launched $300 million fund and Paradigm, which is a new fund focused on blockchain and cryptocurrency
Events That Changed Cybersecurity Forever
FinTech
Did you know that the word “virus” is derived from the Latin word for “poison”? How Viruses Work A virus is not the same thing as bacteria. It is much smaller and not technically an organism. Composed of only genetic material and protein, viruses need living hosts to survive. They can easily spread from person to person by touch or
Report: Coinbase is About to Become One of the Richest Startups in the U.S.
Coinbase is finalizing a deal with Tiger Global that will value the company at $8 billion and make the San Francisco-based company one of the richest startups in the world, Recode reports. Tiger Global appears ready to make a $500-million investment in Coinbase, one of the most popular cryptocurrency exchanges in the U.S., and the company "is expected to add
Cryptocurrency: Where Even Free-Marketeers Call for Regulation
There was a common thread among the testimonies at the Legislating Certainty for Cryptocurrencies Congressional roundtable last week. Before the bipartisan panel, regardless of their field—whether it be cryptocurrency exchanges, business advisory firms, law, or from an interested advocacy group—the message to the federal government: “Either you come up with some rules or we wither away.” mohamed_hassan / Pixabay The
5 Years Since the Silk Road Was Shut Down – How Has Cryptocurrency Changed?
Five years ago today (October 1st, 2013), bitcoin’s most notorious marketplace, the Silk Road, was shut down by the FBI and its founder Ross Ulbricht arrested. Operating as part of the dark web on a Tor hidden service, the Silk Road was an online platform where people bought and sold illicit goods and services using bitcoin. While millions of dollars
Baidu Opens the Kimono on It’s ‘Xuperchain’ Blockchain Project
After unveiling their “Super Chain” blockchain protocol back in June, Chinese internet giant Baidu recently released plans for a “Xuperchain” blockchain network, reports Coindesk: Chinese search giant Baidu has officially released a white paper through its new Blockchain Lab for its proposed XuperChain network. The company claims XuperChain will support more than 10,000 transactions per second through inter-chain parallel technology
New York City is Pouring Up to $100 Million into Building a Global Cyber Security Hub
The New York City Economic Development Corporation (NYCEDC) has announced a massive initiative called Cyber NYC that aims to turn the city into "a global leader of cybersecurity innovation and talent." At the center of the initiative will be the launch of a Global Cyber Center, which the NYCEDC is calling "an innovation hub for startups, initiatives to fuel commercialization