Bitcoin

In today’s edition of The Daily we feature a number of stories about financial companies adding cryptocurrency-related services including a custody solution from Fidelity and new CFDs for trading BCH vs precious metals. We also cover the latest update about the ongoing Cryptopia hack. Also Read: Report: Two Hacker Groups Stole $1 Billion From Crypto Exchanges Fidelity Crypto Custody Set for March Back in October 2018 the Boston-headquartered financial services corporation Fidelity Investments announced the launch of a subsidiary called Fidelity Digital Asset Services LLC. The company is dedicated to providing cryptocurrency services including custody and trade execution to institutional investors such as hedge funds, family offices, and market intermediaries. According to a new report , the first service from the venture, a cryptocurrency custody solution, is now scheduled for March 2019. The company will reportedly begin with offering BTC storage with ETH expected to come next. ...

A recently released report confirms a well-known observation – crypto-focused events are still largely male-dominated, not only in terms of registrants in general but also speakers. According to another finding, almost half of the attendees at the studied forums came from the U.S.   Also read: Crypto Mining Could Bring Russia $1B in Taxes, Report Suggests Crypto Industry Events Remain Male-Dominated The research conducted by event software platform Bizzabo covers 100 conferences across 15 countries. These are all events visited by professionals from the crypto industry and related sectors who want to stay informed about the latest developments in the crypto space. The results highlight the gender disparity the sector is known for. More than three quarters, or 79 percent, of the attendees at the studied events were male, while only 21 percent were female. In another report on gender diversity and inclusion released in November, Bizzabo found that 70 percent of speakers ...

Iran is exploring various options, including holding negotiations with other countries to introduce cryptocurrency in global trade, as the Islamic state moves to sidestep U.S. economic sanctions. Mohammad-Reza Modoudi, the acting head of Iran’s Trade Promotion Organization (TPO), said the country was negotiating the use of cryptocurrency in its financial transactions with eight countries. Also read:  Cryptocurrency is Providing a New Lucrative Revenue Stream for Governments Negotiations Aim to Dismantle U.S. Dollar Hegemony Speaking to local Tasnim news agency on Jan. 28, Modoudi said: “Representatives from Switzerland, South Africa, France, England, Russia, Austria, Germany and Bosnia have visited Iran to hold related talks about the issue.” He expressed hope that Iran was capable of luring foreign investors into the country. In November last year, the U.S. announced severe economic sanctions against Iran that, with the exception of just eight countries, cut the rest of the...

A new report alleges that just two groups of hackers dominate the majority of cybercrime directed against cryptocurrency exchanges. Together, these groups have responsible for stealing about $1 billion of cryptocurrency so far. Also Read: Arwen Enables Self-Custody for Traders of Centralized Exchanges The Most Lucrative of All Crypto Crimes Digital surveillance company Chainalysis has released its latest “crypto crime” report, claiming to identify two groups responsible for the majority of hacks in the field. Its findings were obtained in part by analyzing the different practices the thieves used for laundering their illicit gains. On average, the incidents that the researchers traced from the two hacking groups involved $90 million per incident. They suspect that the first group is a “giant, tightly controlled organization” that may be partly driven by non-monetary goals. The second group is found to be smaller and less organized but absolutely focused on money and without much ...