Uber creator Garrett Camp has devised a new blockchain-based cryptocurrency “Eco” that aims to fix technical and other challenges plaguing existing projects, such as Bitcoin and Ethereum.
Add Wellington Management, a Boston-based firm with $1 trillion under management is considering including cryptocurrencies in some portfolios. The company’s systems were upgraded to enable trading in Bitcoin derivatives, and Wellington has started taking positions in companies related to cryptocurrencies.
Credit Suisse Group AG (CSGN.S) and ING Groep NV (INGA.AS) have completed a 25 million euros ($30.48 million) securities lending transaction using blockchain-based software.
Square was one of the first payments companies to accept bitcoin — something CEO Jack Dorsey doubled down on in the company’s earnings call this week. “I’ve not heard discussions about bitcoin from pretty much any of its competitors,” one analyst told Business Insider. Dan Dolev is one of the most bullish Square analysts on the Street with a $64 price target.
Goldmoney, a global gold-based financial services company, expands its crypto cold storage with two more cryptocurrencies: ETH and BTC.
Alibaba’s T-Mall Global e-commerce platform is reportedly applying blockchain in its cross-border supply chain.
Online retailer Overstock has raised $100 million for its ICO, it says will replace Wall Street.
A slew of crypto exchanges are looking to hire in order to keep up with explosive demand for digital assets. Coinbase, Kraken, and Circle are all preparing to double their head count in 2018.
Vulnerable internet-connected devices from security cameras to smartphones can be hijacked by hackers and turned into tools to mine cryptocurrencies, cybersecurity firm Avast demonstrated. So-called internet of things devices can be attacked and the computing power of all the gadgets can be used to mine the digital coin monero. Avast said that 15,000 hacked internet-connected gadgets would be needed to mine $1,000 of cryptocurrency in four days.
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