Blockchain Bites: Sustainability and Uncertainty as Crypto Crosses $1T Benchmark

Blockchain Bites: Sustainability and Uncertainty as Crypto Crosses $1T Benchmark


One bitcoin is now worth more than $39,000 as the value of all cryptos passes $1 trillion.

Top shelf

Institutions are buying
The Chicago Mercantile Exchange (CME) is now the largest bitcoin futures trading platform, with some $2.1 billion in outstanding contracts, according to data site Skew. CME is frequently cited as a harbinger of institutional involvement due to its long-standing pedigree in traditional markets.

Crypto malware
Researchers have detailed the inner workings of a pernicious and vicious malware targeting crypto wallet users called ElectroRAT, which may have compromised 6.5 thousand people already. The complex operation spins up fake domains, websites, apps and social media accounts to work its way onto a victim’s computer – where its operators will then be able to hunt for information related to a user’s crypto wallets. With bitcoin mooning, crypto-jacking operations are only likely to step up.

Tax play
PayPal and Coinbase have both invested in crypto tax startup

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