The Dutch bank, which was fined $369 million for money laundering after calling Bitcoin “risky,” now plans to offer a cryptocurrency wallet. Rabobank: Store You Crypto With ‘Trusted’ Bank Hosts In what would represent a curious U-turn in its perspective on Bitcoin, Rabobank has launched a dedicated website for a project called “Rabobit.” Part of its internal kickstarter program dubbed “Moonshot,” the “integrated cryptocurrency wallet” offers customers the chance to “store your cryptocurrencies in a
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Ari Paul, CIO of cryptocurrency hedge fund BlockTower Capital, recently sat down with Business Insider’s Sara Silverstein to discuss the three main risks associated with investing in cryptocurrencies. 1. Investment Risks The first area of risk, according to Paul, is investment risk, by which he predominantly refers to the volatility of cryptocurrencies. All anyone has to do is take a look at Bitcoin’s performance over the past month to understand what he is talking about.
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Since the launch of Bitcoin in 2009, cryptocurrency topics are getting more and more attention. Day by day, more people are getting interested and involved in crypto. The geeky community that supported crypto through the first steps is being joined – and possibly supplanted – by ordinary people that don’t have a deep understanding about blockchain technologies and have either come to this space for speculative purposes or followed a new project whose ICO they
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Literally millions of people have joined the world of cryptocurrencies recently. For example, Coinbase, one of the biggest cryptocurrency exchanges, has added around 2 million new clients within two months. Blockchain.com, the major electronic wallet, found its client base increase by 1.8 million during the same time frame. Most of these people are newbies, unacquainted with security issues and risks that surround complex but currently profitable cryptocurrency realm. This makes them easy targets for cybercriminals
London, UK — BIT.AC, the easy to use European-based multi-currency crypto wallet is proud to announce the support of 22 new cryptocurrencies. [Note: This is a press release.] The new list of coins includes Gnosis, Golem, Iconomi, BAT, Xaurum, Edgeless, Trustcoin, Pluton, Augur, iExec, Melon, Wings, Singular, Aragon, FirstBlood, vSlice, Time, TokenCard, BCAP, Guppy, Lunyr, and TAAS. In addition to powerfully performing the functions of a standard digital crypto wallet, BIT.AC enables users to seamlessly
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Banks must start offering cryptocurrency wallets before they get left behind, argues guest writer Bijan Shahrokhi at Venturebeat. Surge in Price Results in Investor Interest Shahrokhi, senior product manager in the financial industry, and previously the co-founder and CEO of Virtual Next, has a few suggestions as to why banks should adopt cryptocurrency wallets. With the current surge in cryptocurrencies’ value, they are quickly becoming a new global market for assets and banks are being left in the dust.