Government-Owned Swiss Bank Launching Crypto Trading and Custody Services
Aug04

Government-Owned Swiss Bank Launching Crypto Trading and Custody Services

Basler Kantonalbank (BKB), Switzerland’s eighth-largest bank, is getting into crypto through its subsidiary, Bank Cler. Owned by the Swiss Canton of Basel-City, BKB has total assets of approximately $49 billion. Swiss Canton Bank Launching Crypto Services Local Swiss government-owned commercial bank BKB will be offering cryptocurrency services through Bank Cler, the bank told Citywire Switzerland Monday. Founded in 1899, Basler...

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European Bitcoin Exchange Hacked for $1.4 Million, Claims It Cannot Afford to Repay Users
Aug04

European Bitcoin Exchange Hacked for $1.4 Million, Claims It Cannot Afford to Repay Users

2gether, a Spanish cryptocurrency trading platform, has been hacked for about $1.4 million and company executives claim that they do not have the money to repay customers. Chief executive officer Ramon Ferraz Estrada said over the course of several tweets on Monday that the breach of July 31 affected crypto investment accounts and exposed user private keys. A separate announcement later expressed the exchange’s doubts over...

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Bitcoin’s 10% Drop Shrugged Off – Traders Expect More Big Dips On the Way Up
Aug04

Bitcoin’s 10% Drop Shrugged Off – Traders Expect More Big Dips On the Way Up

Bitcoin investors are shrugging off the recent drop in value that saw a loss of over 10.9% on Sunday. A number of speculators believe the price is still very bullish but expect some more big dips along the way. Meanwhile, optimism has been cushioned as onchain statistics show that exchange withdrawals also surpassed deposits on Sunday. This past Sunday, bitcoin (BTC) took a price hit and the entire crypto market followed it’s...

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Total Value Locked in Defi Surpasses $4 Billion, ETH Up Over 70% Last 30-Days
Aug04

Total Value Locked in Defi Surpasses $4 Billion, ETH Up Over 70% Last 30-Days

Statistics show that the decentralized finance (defi) economy has grown massively this year as the total value locked (TVL) in defi recently surpassed $4 billion. Between dex platforms, derivatives, stablecoins, lending, and non-fungible asset creation the second quarter of 2020 has propelled the Ethereum network to new heights. Decentralized finance (defi) is a term used often these days as it describes a disintermediation trend in...

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Indians Five Times More Likely to Suffer Crypto-Related Hacks: Report
Aug04

Indians Five Times More Likely to Suffer Crypto-Related Hacks: Report

People in India are five times more likely to suffer a cryptocurrency mining hack because of poor consumer awareness, according to a new security report by Microsoft. In its findings published July 29, Microsoft notes that although the number of similar attacks declined by 35% in 2019 from a year earlier, Indians, together with Sri Lankans, remained at greater risk compared to other nationalities within the Asia Pacific region and...

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