Hackers are reportedly selling hacked Facebook accounts, and the sensitive data in them, through the dark web. Estimation shows that the stolen data is currently worth anywhere between $120 and $600 million. Individual Facebook accounts are now sold for anything between $3 and $12 per account, and people wishing to obtain those can pay in…
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According to CipherTrace, hackers have already stolen $927 million in cryptocurrencies for the first three quarters of 2018. The other staggering statistic is that of all payments made between criminal groups, 97% used unregulated crypto exchanges. There are two major mishaps that contributed to the large amount of stolen cryptocurrencies. The first one was the…
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Initial coin offerings are no longer the "hot" topic in the cryptocurrency world. It seems there is a new winner - cryptocurrency hedge funds. According to PRWeb, around 90 cryptocurrency hedge funds were started in the first three quarters of 2018. The total number is expected to go to 120. It is interesting to notice…
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The United Arab Emirates announced its plans to make initial coin offerings legitimate funding options for local businesses. Reuters reported that the new rule is to be introduced some time in 2019, allowing ICOs to "replace" IPOs, if companies decide to do so. The new rule means that ICOs will be equal in "weight" and…
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David Swenson, or as many will call him, the "Warren Buffet of Yale", is the investment guru that has been running the Yale Endowment Fund for over 33 years now. Managing around $30 billion in assets under management, Swenson is famous for his wealth management abilities and his shrewdness when it comes to allocating the…
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With the cryptocurrency boom, it is no wonder that the 2020 Olympic Games can have their own official digital payment, recognized by all participants and countries. The cryptocurrency that can make history is none other but Ripple. The person who has started a petition on Change.org is Ken Takahashi, a Japanese former professional baseball player.…
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The Wall Street Journal has reportedly launched its own digital coin, called WSJCoin and killed it almost immediately, says a report from Finance Magnates. Interested investors did not even have time to access the coin. The WSJ reporter, who was given the task to explore the option of launching the coin, Steven Russolillo, did not manage…
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Cointelegraph reported that according to Bank of America, the blockchain market can hit $7 billion in market size, helping major companies such as Microsoft and Amazon boost their businesses. The estimation was offered by Bank of America analysts, who suggested that the $7 billion figure is a viable "figure" in the near future, if around…
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Stablecoins are created by governments to decrease the volatility of regular cryptocurrencies by pegging the value of digital coins to either fiat currencies, some commodity such as gold or other cryptocurrencies. There are several kinds of stablecoins, including those directed towards the private sector, called retail ones and those for the state, called wholesale. One…
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When it comes to cryptocurrencies, nothing seems impossible any more, especially considering the dominance of blockchain in almost all sectors of human society. Now, a Swiss startup is aiming to create the first fiat-crypto bank, combining the best of both "worlds". Founded and led by ex-UBS financiers, SEBA Crypto AG has raised around $100 million…
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