DeVere Group: 35% of Wealthy People interested in Crypto

The financial consulting company DeVere Group recently published a report according to what 1 out of 3 wealthy individuals want to invest in cryptocurrencies
02 June 2018   849

This study was taken by 600 DeVere group customers from across the globe from countries like USA, Hong Kong, Australia, UAE, Germany, etc. DeVere has their own app which allows investors to buy and sell Cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Dash (DASH), Monero (XMR) and Stellar Lumens (XLM). Recently Bitcoin Cash (BCH) and EOSIO (EOS) were added to the exchange.

According to Nigel Green, the founder and CEO of DeVere Group, the one thing that investors cannot do is ignore cryptocurrencies and this field has large potential and will grow exponentially in some next years.

This mainstream expansion is clearly evidenced by the fact that more than a third [35 per cent] of wealthy individuals around the world - who are already likely to be successful investors - are telling us that they already have exposure to crypto or that they will have by the end of this year. The survey’s findings demonstrate that high net worth individuals are increasingly unable to ignore the huge potential of cryptocurrencies. I believe that there is no longer any doubt that cryptocurrencies in some form are the future of money. And, seemingly, this is a view increasingly shared by wealthy investors the world over.
Nigel Green
Founder, CEO, DeVere Group

The Founder of Pantera Capital Dan Morehead claims that it`s just the right time to buy Bitcoin. Bitcoin which achieved a high mark of about $20000 has decreased over 60% with a present price of $7637. Dan supposes this a bargain and certainly a good time to buy. He is very optimistic towards cryptocurrencies and affirms new high are yet to be reached.

It’s much cheaper to buy now and participate in the rally as it goes. Many institutions are essentially buying the rumor [of potential SEC regulations] and selling the fact. Getting invested now so that in three, four, five months when the institutional, quality-regulated custodians that we’re hearing about come online, they’ll already have their positions.
Dan Morehead
Founder, Pantera Capital

Since May 23 Bitcoin has not traded above $7800 and would be a major to get through obstacle. According to Fundstrat Technician Robert Sluymer, the next key support would be $7000.

Ryuk Ransomware Team to Get 705 BTC

CrowdStrike and McAfee believes the program was created and supported by Russians
15 January 2019   97

In less than six months, hackers got 705 bitcoins through Ryuk ransomware, reports The Block.

Until recently, the group of hackers GRIM SPIDER behind Ryuk was supposed to be operating from North Korea. However, according to the companies CrowdStrike and McAfee, the program was created and supported by Russian hackers.

Ryuk is distributed via email-phishing, where the TrickBot Trojan is involved. The main objectives of the ransomware program are large companies and government organizations. Ryuk blocks the victims' hard drives until they pay the ransom. The amount of the latter often depends on the size and significance of the organization.

The program is "famous" for the impressive amounts of required buybacks:

To date, the lowest observed ransom was for 1.7 BTC and the highest was for 99 BTC. With 52 known transactions spread across 37 BTC addresses (as of this writing), GRIM SPIDER has made 705.80 BTC, which has a current value of $3.7 million. With the recent decline in BTC to USD value, it is likely GRIM SPIDER has netted more.


705 bitcoins at the current exchange rate is about $ 2.6 million.