New enterprise platform secures digital assets in transit

Last month $40 million worth of Bitcoin was stolen in the Binance hack and it's estimated that more than $3 billion has been stolen over the last 18 months due to key theft and stolen credentials. In order to guard against this type of theft, new company Fireblocks is launching an enterprise platform to protect crypto currency and other digital assets in transit. "While Blockchain based assets by themselves are cryptographically secure, moving digital assets is a nightmare. After interviewing over 100 institutional customers, including hedge funds, broker-dealers, exchanges, and banks, we concluded that the current process is slow and… [Continue Reading]