Blockchain Firm AlphaPoint Secures $15M USD Investment From Novogratz’s Galaxy Digital

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Blockchain firm AlphaPoint has raised $15 million in its Series A funding round. The funds was raised from Galaxy Digital Ventures, an endeavor financial investment company founded by Michael Novogratz.AlphaPoint is an international financial technology company assisting institutions make illiquid properties liquid. Through its protected, scalable, and adjustable dispersed ledger platform, the business allows customers to digitize possessions as well as launch and operate markets. AlphaPoint’s innovation is currently used by major organizations such as CME Group, The Royal Mint, London Block Exchange(LBX), and Bitt.AlphaPoint will utilize the funds to double the size of its team by the end of this year. As part of the financial investment, Greg Wasserman, Galaxy Digital Ventures Handling Director, will join AlphaPoint’s Board of Directors. “The market chance for digitizing illiquid properties is remarkable,”stated Wasserman. “Consumers are demanding increased access, transparency and trust. Organisations are looking for increased liquidity with minimized fraud, threat and expense. Executing on this market opportunity needs tested best-in-class innovation alongside seasoned management teams with substantial experience supplying brand-new technology to a range of financial institutions. AlphaPoint brings this unusual mix together and I look forward to working with them. “Galaxy Digital was announced and launched earlier this year by …

Italian Authorities Seize Bitcoin From BitGrail Wallets Following Court Order – Crypto

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Italian cryptocurrency exchange BitGrail has announced that bitcoins (BTC) stored in the firm’s wallets have been seized by Italian authorities, according to official announcement published June 15. The statement says that authorities removed the funds from the exchange’s wallets following a court order by the Tribunal of Florence on June 5, but did not mention the current worth of the seized assets: “On June 5, 2018, pursuant to the Tribunal of Florence orders, the bitcoins contained in the company’s wallets were seized and brought under control of the judicial authorities pending further Court decisions in the pre-bankruptcy proceeding.” The seizure of BitGrail’s BTC follows a petition to the court filed by victims of the BitGrail hack, asserting that the exchange is bankrupt under article 6 of Italian bankruptcy law. The petition was filed on behalf of a BitGrail creditor, Espen Enger, whom over 3,000 claimants have allegedly contacted so far. In February, BitGrail Read More

Bitcoin wallet Xapo received Regulations regulator new York

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The operator cryptocurrency wallet Xapo became the sixth holder of the license Regulations of the state of new York. A set of rules control region is considered one of the strictest in the cryptocurrency industry. As sta.. Read More

S.Korean exchange Coinrail says hit by hackers, bitcoin slides

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SEOUL (Reuters) – South Korean cryptocurrency exchange Coinrail said it was hacked over the weekend, prompting an extended sell-off of bitcoin to a 2-month low amid growing concerns about security at small- to mid-sized virtual currency exchanges. FILE PHOTO: A small toy figure is seen on representations of the Bitcoin virtual currency in this illustration picture, December 26, 2017. REUTERS/Dado Ruvic/Illustration In a statement on its website on Monday, Coinrail said its system was under “cyber intrusion,” causing a loss for about 30 percent of the coins traded on the exchange. It did not quantify its value, but said the hack occurred on Sunday. The statement also said the exchange is fully cooperating with a police investigation into the hacking, and that trading has been suspended for now. On the Luxembourg-based Bitstamp, bitcoin BTC=BTSP was last trading at $6,763.96, down a sharp 11.2 percent from Friday, having fallen roughly 65 percent from its all-time peak hit around mid-December 2017. The hacking attack on Coinrail comes after Japan’s cyrptocurrency exchange Coincheck was hacked earlier this year in a high-profile theft of its digital currency. Reporting by Cynthia Kim; Editing by Shri Navaratnam Read More