Coincheck’s statement comes in the wake of a cyber attack in which it lost $425 million of NEM coins, marking it as one of the biggest heists in the digital currency’s history. Coincheck Inc, a Tokyo-based cryptocurrency exchange stated it would return neqarly $425 million (46.3 billion yen) of virtual money it lost to a…
Investors who are averse to investing in bitcoins have now the opportunity to tap the excitement surrounding the cryptocurrency by investing in ETS that invest on blockchain technology to cut costs. Investors looking to tap the excitement surrounding bitcoin technology are likely to get a new opportunity this week since from Wednesday, the shares they…
While the 1st attack has been linked to North Korea’s spy agency, South Korea’s KISA along with local law enforcement agencies have begun investigating the hack in which 4,000 bitcoins were stolen. On Tuesday, Youbit, a South Korean cryptocurrency exchange disclosed, it was shutting down for bankruptcy following a second hacking attack this year. The…
Law enforcement agencies got tipped off when someone tried to sell the stolen database in an internet forum. On Wednesday, Salleh Said Keruak Malaysia’s Communications and Multimedia Minister said, the country is investigating the alleged attempt to sell stolen data related to 46 million mobile phone users in the company. Malaysia has recently suffered a…
Chinese miners are pushing for the split. In a significant development, the underlying code for bitcoins is likely to split on Tuesday and create a clone called “Bitcoin Cash”; this is likely to provide windfall gains to the holders of the cryptocurrency. This initiative is being led by a small group of mostly Chinese…
With fund managers looking to hold financial instruments that aren’t correlated with equities, LedgerX’s platform to act as a clearing house for collateralized digital currency swaps, meet investor’s demands. In a major milestone in the history of bitcoins, New York-based LedgerX, a bitcoin options exchange, has received license to clear and settle derivatives for digital…
In the last four years the price of bitcoins have jumped by 264%. In a significant development that could lead to the widespread adoption of bitcoin technology, the global chief investment strategist for BlackRock Inc has suggested that while a loose monetary policy may have aided speculation in digital currencies, including bitcoin, the risks to…
The surge has taken short sellers of the stock by surprise. On Tuesday, boosted by a strong demand for its GPUs, the share prices of Advanced Micro Devices (AMD) surged by 9% leaving short sellers low and dry. The rise in AMD’s stock price can be linked to a rally in Ethereum, a cryptocurrency, which…
The strategy document is an eye opener for companies who want to invest in Japan. On June 9, Japan aims to finalise policies regarding the drone deliveries in the country from 2020 as well as commercialisation of self-driving trucks by 2022, as per two sources familiar with the matter at hand. The move could inject…
The results of a study done by PricewaterhouseCoopers is an eye opener. No wonder BlackRock’s Larry Fink is focused on emerging financial technologies. As per the results of a new study done by PricewaterhouseCoopers, large financial institutions across the world could lose 24% of their total revenues to advances made by financial technology companies in…
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