Satoshi Fund returned their funds

According to official statement of the cryptocurrency fund, all funds were successfully returned to the company
26 July 2017   2291
Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks.

Satoshi Fund, cryptocurrency company that lost aboyt 32% of it's assets due to hack attack, reported about successful return of the money.

All funds are returned under the control of Satoshi • Fund. For a new contract until the end of the security audit, in order to reduce the risk, part of the funds will be under the direct control of the fund managers on these accounts:

  • 0x3AF5f67d0762B55EDDaEd71A5045D3f316Ee8b37
  • 0x80BC9035Cf978f7A8D0Fd9FB39e131106E87B225
  • 0x00073103C819211EF56D0A8ba7f71c11a84Aa55f
Ethereum

Is an open-source blockchain-based distributed computing platform featuring smart contract functionality, which facilitates online contractual agreements.

Let us remind you, that Satoshi Pie lost about $7M due to Parity hack. The most of the funds were withdrawn within an hour. The project team managed to withdraw the remaining ones to a new, controlled wallet. During the course of events it became known that the attack was carried out by the White Hats Group (WHG). Also, according to the representatives of Satoshi Fund and Satoshi Pie, they are currently waiting for a refund in a new contract

BlackRock to Consider Bitcoin Futures

World largest asset management firm created a workgroup to study the prospects of crypto-based futures
16 July 2018   69

Investment company BlackRock has formed a working group that should find out what benefits the world's largest asset manager can get from entering the cryptocurrency sector, despite the fact that previously its CEO had heavily criticized bitcoin. This is reported by Financial News.

The investment giant, whose assets amount to $ 6.3 trillion, created a team that included experts from various business areas. They must collect information about the cryptocurrencies, the underlying infrastructure and technology of the blockchain.

The working group, which includes investment strategist Terry Simpson, should find out whether BlackRock should invest in bitcoin futures.

Sources also reported that BlackRock is studying the experience of its competitors in this area and the potential impact of their actions on the company's business. The working group will report on the results of its research to senior management.

A spokeswoman for BlackRock reported that the company has been considering blockchain technology for several years, but declined to comment on the cryptocurrency.

The creation of a working group may mark a turning point in relations between BlackRock and cryptocurrencies. Last year, its head, Larry Fink, said that bitcoin is an extremely speculative tool, and the only reason for its popularity is its anonymity. "This is an instrument that is used for money laundering," he said bluntly.

Fink gave his comments even before the appearance of crypto-currency futures. At that time, he saw no opportunity for his company to enter this market.