Big banks lead blockchain investments. Arkham recovers stolen BTC and Blockchain could be used to decentralize U.S. energy grid. Jane King has the latest from the NYSE.
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Thanks, Jimmy.
Here's a look at your Coin Street headlines.
Citigroup, JPMorgan Chase, Goldman Sachs, and Japan's SBI Group have emerged as the most active players in traditional finance, backing blockchain startups.
That's according to a new report by Ripple in partnership with CB Insights and the UK Center for Blockchain Technologies.
Mega rounds deals worth $100 million or more were a key focus.
Banks contributed to 33 such rounds during the four-year.
Window pouring capital into firms focused on trading infrastructure tokenization, custody, and payment solutions.
Well, Chinese mining pool Lubian was hacked in 2020 for 127,000 Bitcoin valued at about 3.5 billion at the time, making it the biggest crypto hack in history.
That's according to blockchain analytics platform Arkham Intelligence.
On the platform, retroactively uncovered the heist over the weekend, claiming that Lubyan.
Which emerged as the sixth largest BTC mining pool at the time, was first hacked on December 28, 2020.
About 90% of the pool's BTC was stolen by the threat actor before Lubian was able to move its remaining Bitcoin to recovery wallets.
The stolen Bitcoin is now worth about $14.5 billion at current prices, and the attack highlights the need for crypto users to practice proactive safety measures and private key management, relying on only the most robust.
Random number generators to create keys.
Blockchain technology can help modernize the US electric grid by marshaling human labor and stranded resources to create decentralized energy infrastructure.
That's according to Cosmo Zheng, a general partner at venture capital firm Pantera.
The DC explained that companies in the gig economy have devised ways of allowing people to monetize their free time and resources outside of their normal working hours through.
Freelance commitments.
Blockchain can tap into this by coordinating unused infrastructure, labor, and resources to build out a decentralized energy grid.
Jan concluded that this type of energy decentralization strengthens the grid while also cutting through the regulatory red tape that the Trump administration said is one of its three pillars of America's AI action plan, a strategy to make the US the global leader in artificial intelligence, and that's the latest Coin Street headlines.