Bitcoin exchange to spread losses of hack.
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Payments Ecosystem
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The Payments ecosystem is evolving at an unprecedented pace driven by mobile, cloud computing, start-up's challenging the behemoths, and new technologies. My personal collection of curated stories and blogs.
Curated by
Vineet Anand
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From
finovate
Is the new multi-sign feature on the Ripple Consensus Ledger (RCL) the answer to preventing security breaches like the cyber-heist that cost the Bangladesh Bank more than $100 million? That’s how Ripple sees it. Pointing to the problem of “outdated single signature methods” of legacy payment networks, Ripple has introduced new multi-sign functionality for its RCL. Combined with the Rea
Vineet Anand's insight:
Multi-sig added to consensus ledger by Ripple takes on established incumbents like SWIFT that have been exposed with recent breaches. 
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Curated by Vineet Anand
Payment Industry leader passionate about Fintech, Innovation in Banking, Product Management & Strategy, driving revenue growth through client management, business development and P&L focus.
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Payments Ecosystem
The Payments ecosystem is evolving at an unprecedented pace driven by mobile, cloud computing, start-up's challenging the behemoths, and new technologies. My personal collection of curated stories and blogs.
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Bitfinex customers will their assets fall by 36% across the exchange to recover loss of 120,000 bitcoin hack valued at $65 million. The hack of the multi-sig protocol raises questions post recent ethereum losses of close to $60 million. Bitcoin price today trading at $588, about 12% lower from a week ago!
Rising price of Bitcoin makes it lucrative for hackers.