Chainlink (LINK) Added to Grayscale’s Digital Large Cap Fund

In brief: Grayscale has adjusted its Digital Large Cap Fund and added Chainlink (LINK) Chainlink now has 0.90% allocation to the Grayscale Large Cap Fund LINK’s price experienced a knee-jerk reaction to the news posting a local high of $34.66 The Wall Street investment firm of Grayscale has announced the rebalancing of its Digital Large Cap Fund. According to the official announcement, Grayscale sold existing components ‘in proportion to their respective weightings and using the cash proceeds to purchase Chainlink (LINK) in accordance with the Fund’s construction criteria.’ The announcement…

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North Korean Hackers Threatened Bithumb Exchange With a $16M Ransom Amid the 2017 Data Breach, Says Report

A new report commissioned by the U.S. secret services unveiled what happened behind the attack launched by North Korean hackers against a South Korean crypto exchange. The case is about a breach on June 29, 2017, which exposed data tied to over 30,000 customers stemming from Bithumb. Hackers Threatened to ‘Destroy’ Data and Cryptos Stolen According to Maeil Kyungjae, the U.S. authorities found that North Korean hackers got access to personal data and funds from customers then demanded a ransom payment afterward. The blackmailers targeted the crypto exchange Bithumb by…

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Coinbase’s first quarter revenue hits record $1.8B ahead of its Nasdaq listing

Coinbase raked in $1.8 billion revenue in the first quarter of this year according to new figures released one week prior to the company’s public listing on the Nasdaq. Coinbase has announced impressive first quarter results one week before the exchange’s direct listing on the Nasdaq, estimating that trading volume is up 276% and quarterly revenue has hit $1.8 billion. The bountiful revenue, revealed in the company’s Q1 earnings call, dwarf its $190 million revenue from the same time last year with the company attributing a portion of this explosive…

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