Tag Archives: Firms

Two US Firms Use Fuel Derived From Old Tires to Mine Ethereum – The Merkle

Mining cryptocurrency has always been an interesting endeavor. Unfortunately, it requires a lot of things to work in one’s favor. Without access to cheap electricity or energy, the mining process can become pretty expensive and unprofitable for most. In the United States, Standard American Mining and PRTI are doing things very differently. Using excess tires and burning […]

ConsenSys is attracting major blockchain talent from big banks and consulting firms — Quartz

Executives tasked with exploring blockchain tech for banks and consulting firms are finding it harder and harder to resist going full crypto. Case in point: three executives at BNY Mellon, Deutsche Bank, and PWC well known for leading blockchain work at their firms have left to pursue their own blockchain projects in recent days. Their […]

Cryptocurrency Mania Fuels Hype and Fear at Venture Firms

Bart Stephens has found himself in high demand lately. After four years of investing in cryptocurrency and preaching its gospel, his venture-capital peers are finally listening. During a recent briefing at a storied Silicon Valley venture-capital firm, the young analysts in the room nodded along to his words in excitement, Stephens says. But not everyone […]

Two Popular Hardware Wallet Firms Reveal Segwit2x Fork Plans

News This week two well-known bitcoin hardware wallet manufacturers, Satoshi Labs (Trezor) and Ledger Wallet, revealed their contingency plans for the pending Segwit2x fork that may take place in nine days. Both companies explain they will support both chains and tethered tokens if there is a split and provide a tool for […]

Law Firms Are Opening Bitcoin Wallets to Prepare for Data Breaches

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Rather than waiting until it’s too late, law firms are opening up bitcoin wallets to pay ransoms in case their data is stolen, according to a cybersecurity expert. John Sweeney, president of IT and cybersecurity advisors LogicForce, said that law firms are […]

Law firms opening Bitcoin wallets pre-emptively to pay ransoms to hackers

Thomson Reuters Law firms are preemptively opening Bitcoin wallets in order to pay ransoms to hackers when client data is stolen. Opening wallets is just one contingency plan firms can make, and should be a “last resort.” The news comes as offshore firm Appleby admitted client data had been stolen in a cyber breach, and […]

High-Frequency Trading Firms Enter Cryptocurrency Markets

Things are about to get interesting in the cryptocurrency world. According to an article in the Financial Times, several high-frequency trading firms have started trading operations in cryptocurrencies. DRW, a Chicago-based proprietary trading firm, is the largest such firm that buys and sells bitcoin through Cumberland Mining, a subsidiary. Other trading firms that have invested […]

Wall Street trading firms jump into cryptocurrencies

Intense price swings in cryptocurrencies are luring the highest-volume traders on Wall Street as they search for relief from the low volatility blanketing financial markets. Proprietary trading firms, which bet their own capital in markets from stocks to futures, are wading into bitcoin, ethereum and other cryptocurrencies better known as a playground for small speculators […]

Mexico is Working on Legislature to Regulate Bitcoin Firms

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Mexico’s legislature has proposed a bill that will regulate companies that interact with bitcoin and other cryptocurrencies, along with the wider financial technology sector. Regional news source El Economista reports that, contrary to discussions earlier this year, the legislature will not regulate […]

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