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Northern Trusts are doing their part to aid in cryptocurrency investments

U.S.-based custody bank Northern Trust is helping traditional “mainstream” hedge funds expand into cryptocurrencies, Forbes reported Tuesday. Northern Trust’s president, Pete Cherecwich, told the news organization that the financial services firm is working with three hedge funds – whose names he declined to provide – to add cryptocurrency investments to their portfolios. To that end, Northern Trust дальше »

2018-8-1 19:55


Finance Giant Northern Trust Expands to Blockchain and Cryptocurrency

Northern Trust, the 486th largest corporation in the USA, has become the latest financial giant to expand operations into cryptocurrency and blockchain. As reported by Forbes, the 129-year-old institution now provides fund administration to a select group of hedge funds trading Bitcoin and Ethereum and incorporates blockchain-based software for managing private equity workflow. дальше »

2018-8-1 15:30


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Barclays, Citigroup and other major banks register for a testing block

Financial News reported on July 27 that LedgerConnect, the lovechild project of foreign exchange processing giant CLS and tech mogul IBM, is in trials. Bridge Between New and Existing Technologies LedgerConnect attempts to provide a comprehensive platform in order to further incentivize banks to take advantage of blockchain projects. The project is designated to deliver easy дальше »

2018-8-1 09:07


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Regulations Round-Up: Holland Targets Electricity Theft, MI Republican Wants More Oversight

In recent regulatory news, Dutch police have reported an increase in electricity fraud associated with crypto mining, a Michigan Republican member of the House Financial Services Committee has urged Congress to make the development of clear guidelines overseeing the cryptocurrency industry a top priority, and digital currency advocacy group, Chamber of Digital Commerce, has published […] The post Regulations Round-Up: Holland Targets Electricity Theft, MI Republican Wants More Oversight appeared first on Bitcoin News. дальше »

2018-7-31 18:35


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Abstractism Deny Wrongdoing As Steam Remove Illicit Miner From Gaming Platform

Just this morning we reported on a game, available via Steam that goes by the name of Abstractism. The game was designed to be a benign platform designed for procrastination and wasting time. After further investigation by YouTuber, SidAlpha, it transpires that the game actually contained an illicit cryptocurrency miner, that was abusing the processing powers of users computers to illegally mine cryptocurrencies. дальше »

2018-7-31 16:30


House Committee on Agriculture Studies Cryptocurrency with a Surprisingly Positive Tone

The U.S. House Committee on Agriculture held a hearing on July 18, 2018 to discuss cryptocurrencies and digital assets. According to the opening statement, the hearing’s goal was to help the committee and community understand what cryptocurrencies are while exploring the regulatory challenges and uncertainties that currently face this industry. As reported by Vice News, […] дальше »

2018-7-31 11:28


South Korea is Pioneering Cryptocurrency Research Centers For Mass Adoption

South Korean Crypto Research Centers Means Mass Adoption? Business Korea, a local media source, reported that the country has started to launch cryptocurrency research centers. The purpose of such centers is to provide potential investors with the information and knowledge necessary to make smart investments and to promote the mass use of cryptocurrency as well. […] дальше »

2018-7-31 11:19


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Novogratz’s Crypto Bank will begin trading on Toronto Stock Exchange starting August 1

According to the latest report from Bloomberg, Mike Novogratz’s cryptocurrency merchant bank Galaxy Digital is all set to trade on the Toronto’s TSX Venture Exchange from the 1st of August, 2018. Earlier this year in February, CoinSpeaker reported that the Galaxy Digital merchant bank had raised $250 million. This was just the time then when дальше »

2018-7-31 10:21


Crypto mining applications are no longer being accepted by the Washington Utility

A customer-owned utilities company in rural Washington has stopped accepting applications for electricity from crypto mining and similar blockchain operations, the Seattle Times reported July 30. The Franklin Public Utility District commissioners (PUD) have approved a moratorium that will allow time for staff to investigate the impact of cryptocurrency mining on the electrical system before дальше »

2018-7-31 10:15


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Cryptocurrency Mining Firm Founder Swindles $35 Million of Investor Funds after Citing Low Profitability and Rising Expenses

The founder of a Vietnamese cryptocurrency firm has allegedly fled after swindling investors to the tune of millions, as reported by VNExpress on July 29, 2018. Millions Stolen Investors and board members of the Ho Chi Minh City-based mining company, Sky Mining, are claiming to be victims of a fraud case after the company’s founder, Le Minh Tam, went missing. дальше »

2018-7-31 09:00


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Cryptocurrency Mining Firm Founder Swindles $35 Million of Investor Funds After Citing Low Profitability and Rising Expenses

The founder of a Vietnamese cryptocurrency firm has allegedly fled after swindling investors to the tune of millions, as reported by VNExpress on July 29, 2018. Millions Stolen Investors and board members of the Ho Chi Minh City-based mining company, Sky Mining, are claiming to be victims of a fraud case after the company’s founder, Le Minh Tam, went missing. дальше »

2018-7-31 09:00


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Game Removed From Steam Marketplace Due To Accusations Of Deception

Valve Corporation has removed a game from its video game marketplace Steam that allegedly hijacked users’ computers to mine cryptocurrency, Motherboard reported July 30. The Steam game store has delisted Abstractism, an indie game accused of deceptive practices and cryptojacking, and has banned its developer from the platform. Steam took action following complaints from a дальше »

2018-7-31 06:53


Litecoin [LTC]’s Charlie Lee to be the new adviser for HTC’s Exodus smartphone

Charlie Lee, the Co-Founder of Litecoin [LTC] and former Director of Engineering at the cryptocurrency platform Coinbase, has reported that he will be a consultant to HTC’s Exodus smartphone. Designed to launch in autumn, Exodus is the first smartphone created mainly for “decentralized applications and security”. HTC remarked that with an experience of 2 decades […] дальше »

2018-7-31 06:28


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Latest Extraction Request Obfuscates Investigation of Bitcoin Scam Suspect Alexander Vinnik

A Greek court has accepted a Russian request to extradite Bitcoin (BTC) fraud suspect Alexander Vinnik, complicating subsequent international litigation, the Associated Press reported July 30. A panel of senior judges in the city of Thessaloniki ruled in favor of a new extradition request from Russia for the accused computer expert. The court’s decision complicates дальше »

2018-7-31 05:21


House Committee on Agriculture Studies Cryptocurrency with a Surprisingly Positive Tone

The U. S. House Committee on Agriculture held a hearing on July 18, 2018 to discuss cryptocurrencies and digital assets. According to the opening statement, the hearing’s goal was to help the committee and community understand what cryptocurrencies are while exploring the regulatory challenges and uncertainties that currently face this industry. дальше »

2018-7-30 18:07


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India: Telangana to Sign MoUs for Implementing Blockchain Technology in Public Sectors

India’s state Telangana has some blockchain projects lined up for implementation throughout the state with a purpose to bring more transparency and efficiency in public administration.  Reported by Business Standard on July 26, 2018, a senior official of the state government stated that Telangana government is planning to implement blockchain in several government applications. дальше »

2018-7-30 13:00


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Mining Round-Up: Sky Mining CEO Flees with $35 Million, Texas Attracts Miners

In recent mining news, it has been alleged that the CEO of Vietnam-based Sky Mining has fled the country with $35 million USD in investor funds in his possession. Meanwhile, in the US, Tmgcore has acquired a 100-megawatt data center in Dallas, Texas, and local media have reported that Bitmain will open a mining facility […] The post Mining Round-Up: Sky Mining CEO Flees with $35 Million, Texas Attracts Miners appeared first on Bitcoin News. дальше »

2018-7-30 03:20