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Meet the former prosecutor asked to investigate bitcoin who became the face of crypto VC investing

Meet the former prosecutor asked to investigate bitcoin who became the face of crypto VC investing

Finance
Katie Haun, Andreessen Horowitz general partner.Source: Andreessen HorowitzSeven years ago, bitcoin was a foreign language to federal prosecutor Katie Haun. That changed when her boss at the U.S. attorney's office asked her to look into shutting it down.What's now the most widely used cryptocurrency was a niche payment method being used in the depths of the internet, in many cases being used to buy illegal goods on black markets. But Haun quickly decided the currency itself wasn't what needed probing."It would have been akin to saying 'let's go prosecute cash,'" Haun said.Instead, her department prosecuted multiple cases where bitcoin was being used for extortion and white collar crime. In some cases, the technology behind bitcoin, known as blockchain, actually helped the department solve ...
Advisors down on crypto but give cannabis stocks and passive investing a thumbs up: survey

Advisors down on crypto but give cannabis stocks and passive investing a thumbs up: survey

Finance
Jose Luis Pelaez | Iconica | Getty ImagesCryptocurrencies are out and cannabis stocks are in, according to the latest investing trends survey by the Financial Planning Association.The 392 financial advisors who participated in this year's study, the 2019 Trends in Investing Survey, said that 55% of their clients have asked about investing in marijuana stocks and companies in the past six months.The proportion of clients inquiring about cryptocurrencies, on the other hand, fell to just 25% this year, from 53% in 2018. This was the first year the survey asked advisors about cannabis stocks.For their part, advisors remain highly skeptical of cryptocurrencies as an asset class. Just 1% of survey respondents believed they are a viable investment option that has a place in a portfolio. Another 1...
Crypto wallets emptied months before exchange boss's death

Crypto wallets emptied months before exchange boss's death

World
Questions have been raised by auditors after digital wallets expected to contain millions in cryptocurrency were found to be empty following the death of Quadriga CX founder Gerald Cotten.Mr Cotten, 30, died "due to complications with Crohn's disease" while travelling to open an orphanage in India in December, according to his wife Jennifer Robertson. He held "sole responsibility" for handling the $ 190m (£110m) his company looked after, and no other members of the Canada-based QuadrigaCX team could access the stored funds, according to Mrs Robertson.She said the cryptocurrency and normal money was in "cold storage" - where the company, or just Mr Cotten in this case, holds the key, not the client. Image: QuadrigaCX employees cannot access ...
Crypto boss dies suddenly with password to clients' £110m

Crypto boss dies suddenly with password to clients' £110m

Technology
By Alix Culbertson, news reporter Canada's leading cryptocurrency exchange company has said it cannot repay $ 190m (£110m) to clients because its founder died with their passwords.QuadrigaCX's founder Gerald Cotten, 30, died "due to complications with Crohn's disease" while travelling in India to open an orphanage in December, his wife Jennifer Robertson said. Mr Cotten held "sole responsibility for handling the funds and coins" and no other members of the team could access the stored funds, she said in a sworn affidavit as she filed for credit protection on 31 January.Ms Robertson said about $ 190m (£110m) in both cryptocurrency and normal money is in "cold storage" - where the company, or just Mr Cotten in this case, holds the key, not the cl...
Apple and Tesla shares on the blockchain could be the next big thing in crypto

Apple and Tesla shares on the blockchain could be the next big thing in crypto

Finance
Cryptocurrencies had a wild 2018, tumbling well below some of the record highs seen toward the end of 2017. Bitcoin, once worth almost $ 20,000, plunged last year, closing out 2018 at a price below $ 4,000. Other major virtual currencies, including XRP and ether, also fell steeply. Analysts and executives in the industry are increasingly pointing to a fairly new development that could reinvigorate the space: putting securities like stocks and bonds on the blockchain. So-called security tokens are becoming a new buzzword in crypto. The term is part of ...