Mining Giant Bitfury Raises $80 Million in Closed Funding Round as Mining Market ‘Matures’

Bitfury has released details of a major funding round with participation from various European and Asian investors. Bitcoin mining infrastructure provider Bitfury has raised $80 million in a closed funding round, the company revealed in a press release shared with Cointelegraph Nov. 6. The round, which comes weeks after rumors Bitfury was considering an IPO, […]

Continue Reading

Report: Swiss Financial Watchdog Recommends Banks Set Crypto Risk Coverage at 800%

The Swiss financial watchdog FINMA has reportedly advised the country’s financial institutions to set crypto asset risk coverage at 800 percent of their value. The Swiss Financial Market Supervisory Authority FINMA has advised banks and other financial institutions to estimate risk coverage for cryptocurrencies at 800 percent of current market value, Cointelegraph auf Deutsch reports […]

Continue Reading

Deloitte Partners with Startup For Gov’t-Level Blockchain Identity Management

Audit and consulting firm Deloitte and Attest Inc. will develop a blockchain-based digital identity solution to assist its government clients. “Big Four” accounting firm Deloitte has partnered with identity management company Attest Inc. to develop a blockchain-based digital identity system, according to a press release published Nov. 5. Chicago-based Attest is an identity management company […]

Continue Reading

Fake Elon Musk Accounts on Twitter Promote Bitcoin Scams, One Collects $170K

Scammers comprised several Twitter accounts today to masquerade as Tesla CEO Elon Musk and promote fraudulent Bitcoin scams. Several verified Twitter accounts have been hacked to impersonate Elon Musk today, Nov. 5, with one reportedly collecting almost $170,000. After compromising verified accounts, scammers changed the profile name and picture in order to pose as the […]

Continue Reading

Japan: Cybersecurity Experts Claim to Have Made Progress in Tracking Zaif Exchange Hackers

Cybersecurity experts from a subsidiary of bank holding giant Mitsubishi UFJ say they have found potentially incriminating evidence against Zaif exchange hackers. Cybersecurity experts say they have found potentially incriminating evidence against the hackers of Japanese crypto exchange Zaif, according to an official statement today, Nov. 5. The experts are from Japan Digital Design Co. […]

Continue Reading