Receiving Wide Coverage...
DAO-saster: If there's a simple rule for bank robbing, it's "follow the money."
As investors and consumers put their funds online and adopt new technologies — like cryptocurrency — so go the outlaws.
That appears to be one takeaway from Friday morning's theft of more than $50 million of the digital currency Ether. The hackers targeted the Decentralized Autonomous Organization, a fund built around the currency, which could spell the project's demise.
The attack is disheartening for those who are hopeful that digital currencies can improve security and transparency in the banking system. Terms like "black eye" and "nightmare scenario" are being bandied about. It also raises
At the same time, banks should "proceed with caution" as they explore adopting blockchain technology for themselves.
Let there be light: The Securities and Exchange Commission formally approved an application from dark pool IEX to become an official stock exchange on Friday.
Founder Brad Katsuyama is best known for his criticism of high-frequency traders in Michael Lewis' 2014 book, "Flash Boys." The new exchange will include a "speed bump" designed to protect investors from those who use high-speed tactics to gain an advantage.
Wall Street Journal
Off the hook: The Justice Department announced Friday that it's
Sharing is hard: Banks and fintech firms are still debating how startups can
New York Times
Who, me? Goldman Sachs thinks a new kind of customer can help boost its bottom line: "
Financial Times
Style is everything: The
First finance, then the universe: More students are