CryptoSunday vol. 35

This article was published on: 10/7/18 6:53 PM

Marcelina ŁukaszewiczWritten by | cryptocurrency, ico, news

On the basis of the news from the 35th episode of CryptoSunday we can clearly assume that cryptocurrencies belong to the daily life.

Investments, frauds, regulations – pure life, if I can say it a little ironically.

 

US: Yale invests in cryptoprojects

Reportedly, Yale University, which is a part of Ivy League in the United States, has become one of the investors in the cryptocurrency-based fund. The project is called “Paradigm” and is allegedly created by Fred Ehrsam, Matt Huang and Charles Noyes. The founders are, in turn, Coinbase co-founder, former Sequoia Capital partner and formerly known from Pantera Capital as Bloomberg reported.

Bloomberg has mentioned the anonymous source claiming that Yale University invested a huge amount of money to support $400 million Paradigm project. According to Yale’s plans for 2019, almost 60% of University’s assets “are earmarked for alternative investments including Venture Capital (VC), hedge funds and leveraged buyouts.”

 

Facebook: stolen data sold for crypto

It was pretty hot on the Internet when the news about one of the biggest attack on Facebook came out. Reportedly, there can be over 90 million victims whose data was stolen. Facebook admitted that hackers had stolen “access-tokens” to around 50 million accounts, the other 40 million stays unclear.

As Independent reported, the stolen data was put on the sale on DarkWeb market called Dream Market. The prices were starting at $3. Among fiat currencies, stolen information was sold for Bitcoin (BTC), Bitcoin Cash (BCH) and Monero (XMR).

Screenshot made by Independent

 

Lithuania: a closer look on ICO

Lithuania is checking cryptocurrency trading. According to a press release, Lithuanian authorities organized a seminar focused on “threats and potential benefits” of ICO (Initial Coin Offering) and how it can influence the country’s economy. The main organizer of the seminar was The Financial Crime Investigation Service (FCIS) and they found out that “Lithuanian processes huge turnover from crypto to fiat.”

Antonio Mikulsk, the head of the FCIS, said:

“Virtual currency has huge cash flows, but (there are) worries about converting them into dollars and euros as quickly as possible, (and) leaving virtual currencies as quickly as possible.”

 

After the previous rather positive thinking about cryptocurrencies and intention to create a regulated environment, about which we informed, now the authorities noticed that the high turnover demands “tougher anti-fraud mechanisms”.

 

Check previous CryptoSunday vol. 34, vol. 33, vol. 32.

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Last modified: October 7, 2018

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