Cryptocurrency, News

The Assets under Management for Bitwise Hit $1 Billion, Reason is Professional Investors 0 27

As the cryptocurrency industry continues to pave its way to more success, more cryptocurrency firms are reporting having achieved new milestones. One of which is Bitwise that is known to be one of the leading managers for cryptocurrency funds.

Bitwise has recently released a statement informing their entire community that they have achieved a new milestone in terms of their AUM. The firm has revealed that it has successfully achieved the $1 billion assets under management (AUM) benchmark.

The firm has reported that after hitting the $1 billion benchmarks, it is now on its way to hit new milestones and targets. The announcement around meeting the benchmark was made by Bitwise on February 23, 2021. The firm was glad to admit that this is the first time the firm has managed to cross the billion-dollar AUM mark.

The Bitwise 10 Crypto Index Fund is known for providing Bitcoin (BTC) and other leading cryptocurrencies exposure to investors. The Bitwise 10 Crypto Index Fund currently accounts for more than 90% of Bitwise’s entire assets under management (AUM).

While talking about the achievement of Bitwise, the CEO of the company, Hunter Horsley also talked about the current trends of cryptocurrencies. Horsley stated that the cryptocurrency industry is currently at a turning point for the first time in its entire history.

Although the industry has been pacing up since the beginning of the year 2020, yet the industry’s progress has been sky-rocketing since 2021. The industry has gained so much progress and mainstream adoption, that it is constantly experiencing an influx from investors.

On a daily basis, the investors are piling up to invest in Bitcoin (BTC) and other cryptocurrencies one way or another. However, as Bitcoin (BTC) continues to surge with respect to its price and market capitalization, it has become one of the safest investment assets in the world.

This is why firms such as Bitwise are seeing a lot of heavy investors coming in and spending millions in acquiring cryptocurrencies to keep them safe.

With time, more and more investors are trying to gain more exposure in the cryptocurrency sector. They are exploring almost all the products that are currently being offered by the crypto-verse. Whichever product is the most reliable and profitable, the investors tend to go with them.

Apart from providing support to investors for cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), the platform is also providing support for decentralized finance assets.

At present, some of the most prominent DeFi assets the platform is supporting include MKR, UNI, SNX, and LEND.

In the running year, Bitwise is not the only cryptocurrency manager that is reporting all-time highs. Greyscale, which is the largest crypto manager in the entire industry has also reported all-time highs. The firm reportedly has around $30 billion worth of assets under management (AUM)

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Concern Shared by Roger Ver Over GoDaddy Mistakenly Listing Bitcoin.com for Sale 0 550

Just recently, the owner of Bitcoin.com, publicly announced that his firm is not for sale. Bitcoin.com is a prominent cryptocurrency wallet, mining, and news provider. The firm has gained a lot of recognition and adoption over the course of time and the news of the firm’s sale somewhat concerning.

However, the owner of Bitcoin.com has completely turned down the reports against the sale of the company. He clarified that the company has been performing really well and there is no way that he would ever be selling the company.

According to reports, Bitcoin.com ended up appearing as a premium domain on GoDaddy, as up for purchase. As per sources, the domain started appearing for sale through the platform on Monday, April 5, 2021.

GoDaddy is known all over the world for being the largest registrar for domains. The domain for Bitcoin.com appeared to be available for purchase at a price of a minimum of $100 million.

Right after the incident, the owner of Bitcoin.com, Roger Ver, took it to the Twitter platform to reach out to GoDaddy. Through the Twitter platform, he reached out to GoDaddy and demanded to take the listing of Bitcoin.co off their platform for purchase.

In the Tweet, Roger Ver intimated to the higher-ups of GoDaddy that the listing needs to be removed at the earliest. He stated that the listing of Bitcoin.com being on sale is literally damaging the name and reputation of his brand.

For several years, Roger Ver has been a dedicated investor in cryptocurrencies. He has been linked with the investment sector for cryptocurrencies since early 2011. Following the announcement of the listing, Ver also reached out to one of the crypto-news platforms “Cointelegraph” confirming that the listing posted by GoDaddy is fake.

He stated that as per him it seems to be an attempt by BTC maximalists in order to hamper the reputation and demand of BCH. He stated that this is not the first time they have tried to mingle with Bitcoin.com and tried to destroy its public image.

Prior to the recent incident, the BTC maximalists had attempted to bombard Bitcoin.com emails with spam and the concerning part is that the Bitcoin.com emails seem to be receiving them even to this day.

According to the Bitcoin Cash (BCH) enthusiasts and proponents, the concept of the digital asset is closer to the ideology of Satoshi Nakamoto that Bitcoin (BTC) ever was.

As per the data analyzing firms, the price of BCH token has gained an 11.3% increase on Monday. At the time of writing, the price of the BCH token is trading at $624 per token.

At the time of writing, the listing which showed that Bitcoin.com was up for grabs has completely been removed by the GoDaddy management.

Facebook Data of Half a Billion has been leaked 0 680

Just recently, a security analyst has shared an extremely alarming as well as concerning revelation for half a billion people. The security analyst has revealed that a hacking forum has recently received a huge amount of sensitive personal information of online users.

The analyst has revealed that the sensitive personal information data that the hacking forum has received is for Facebook users. He has also revealed that the hacking forum where the information has been leaked has very high traffic on it. The information around the information leakage was shared by the security analyst on Monday, April 5, 2021.

As the number of the users is more than half a billion, then there are high chances that there will be cryptocurrency holders and traders included in the lists.

In the light of the above, the security analyst has requested all cryptocurrency users as well as the rest to be very vigilant. As a result of the information leakage, these people are now vulnerable to different identity-based scams as well as sim swaps.

The information around the recent leakage was first gathered and shared by the Chief Technology Officer of Hudson Rock, Alon Gal. Hudson Rock is known as a prominent firm in the cyber-security sector.

Alon Gal had shared his finding on the matter through his Twitter account on Monday, April 5, 2021. That is where he shared that there were a total of 533,000,000 users on Facebook that had their sensitive personal information leaked out. In his tweet, he sarcastically stated that the personal information of these many users was given away for free.

He stated that if a user had provided their phone number during the registration process on Facebook, now an unknown number of hackers have access to them.

He also got direct with the management at Facebook, stating that he is now waiting for the Facebook cyber-security teams to acknowledge and confirm this information.

He also criticized the security protocols and systems of Facebook, stating that this is absolute negligence from Facebook’s end. They have again failed to keep the personal data of their users safe and secure from such hackers.

Gal also pointed out that the recent leak that has taken place has been exploited through a security vulnerability that was discovered back in 2019.

Then again, it was confirmed in January of 2021 that the hackers could gain access through the highlighted vulnerability. Through the vulnerability, the hackers could gain access to the phone numbers linked with the users’ Facebook accounts.

He has revealed that now, the hackers are able to access a huge amount of information through the vulnerability. The information hackers now have access to include bio, relationship status, account creation date, email address, DOB, Past Location, Location, Full Name, Facebook ID, and Phone Number.

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