Wall Street banks are ramping up spending on technology and hiring more people with tech skills. Bank of America’s chief tech officer says that the technological shift is happening too fast for current traders to adapt. Technology is moving front and center on Wall Street, and it has many people worried about their jobs. Wall Street is ramping up spending on technology and hiring more people with tech skills, especially in trading where profits…"A chilling sentence from Bank of America’s tech chief should have a big chunk of Wall Street worried (BAC)"
Manhattan federal prosecutors boasted Friday that they have seized $ 48 million from convicted Silk Road mastermind Ross Ulbricht. Ulbricht, serving a life sentence for his role in running the illegal online drug marketplace, gave up his right to the money recently when he “withdrew his claim,” the feds said, citing an order from Judge Katherine… bitcoins | New York Post"Feds seize $48M from ‘Silk Road’ mastermind"
LONDON — Bitcoin and blockchain technology company Blockchain has raised $ 40 million (£31.5 million) in its second round of institutional funding. European venture capital fund Lakestar and GV, Google’s venture capital arm, both led the round. Nokota Management and Digital Currency Group also took part in the investment, as did Blockchain’s existing investors Lightspeed Venture Partners, Mosaic Venture Partners, Prudence Holdings, Virgin, and Sir Richard Branson. The Series B funding takes the total raised by Blockchain to…"Blockchain raises $40 million from Lakestar and Google’s venture arm"
Bitcoin hit a new record high over the weekend – and then dropped like a stone before traders on the U.S. east coast got out of bed in the morning. Bitcoin rose above the $ 3,000 mark for the first time on Sunday, another record high in a spring that has been full of them. That put it up 212% on the year – less than six full months of trading. At $ 3,000, it was…"Bitcoin Monday: From Record High to Down 10% Before You Got Out of Bed"
North Korean hackers stole about 100 million Korean won, or $ 88,000, worth of bitcoin from South Korean exchanges every month from 2013 to 2015, Yonhap News Agency reports, citing Radio Free Asia. “Cyber criminals have turned to bitcoin for money as it is very difficult to track them down,” Choi Sang-myong, a senior official at South Korea’s cybersecurity firm Hauri, told Free Asia Radio, according to Yonhap. “Since tracking down the culprits is very…"Report says North Korea stole bitcoin from South Korea for years"
Nearly 120,000 units of digital currency bitcoin worth about $ 72 million was stolen from the exchange platform Bitfinex in Hong Kong, rattling the global bitcoin community in the second-biggest security breach ever of such an exchange. The breach triggered a slump in bitcoin prices and was reminiscent of events that led to the 2014 collapse… bitcoins | New York Post"Bitcoin plunges after hackers steal $72M from top exchange"