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Monthly Archives: May 2018

Hackers Demand $1 Million in XRP after Breaching Two Canadian Banks

Hackers who stole the personal information of tens of thousands of customers from two Canadian banks are threatening to publish that data online unless the banks pay them $1 million in XRP. Regional media outlet CBC News reports that the Bank of Montreal (BMO) and Simplii Financial were successfully breached …

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10 Reasons to Be Excited about Essentia

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the …

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Winklevoss Twins, Meet Donnie Kim – Crypto’s True ETF Pioneer

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the …

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‘A Game Changer’: UK FX Brokerage Pilots Ripple XRP for Money Transfers

Currencies Direct, a London-based foreign exchange (FX) brokerage, has confirmed a successful international money transfer pilot using Ripple’s xRapid platform, powered by native token XRP. In an announcement [PDF] on Tuesday, the UK brokerage revealed it conducted a number of international money transfers between organizations based in the US, Mexico …

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The Ethereum Classic Investment Trust (ETCG) Is Trading at a 300% Premium over Its NAV

The Ethereum Classic Investment Trust (OTC: ETCG) is currently trading at a premium of more than 300 percent over the value of the fund’s underlying assets. The fund, a product of Grayscale Investments, provides investors with exposure to ethereum classic (ETC) by holding the cryptocurrency on their behalf. Each share …

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$30 Million Crypto Startup Fund Launched By Mobile Game Maker

A maker of mobile games based in Japan has launched a $30 million investment fund focused on cryptocurrencies and blockchain. Gumi is a maker and publisher of games, including titles such as Brave Frontier and Final Fantasy: Brave Exvius (on which it served as a collaborator along with Square-Enix and another …

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Bitcoin May Not Be Around In 100 Years, Says Nobel Laureate Economist Robert Shiller

Robert Shiller, a Nobel Prize-winning economist and Yale University professor, says bitcoin may be extinct in 100 years because it “looks like a bubble.” If bitcoin is around, Shiller says it will be a completely different iteration of what it is today. “I’m thinking bitcoin won’t look anything like it …

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