How would the Digital Currency Group (DCG) be rated if it went public?

Analysts at Messari now provide an answer to this question

Research analyst Jack Purdy published a report on November 12th, in which he scrutinizes a theoretical IPO of the Digital Currency Group. Purdy’s calculations suggest that the company would be valued at $ 4 billion if it went public. This result is based on publicly available data from DCG.

DCG has a wide range of different crypto brands, such as Genesis, Grayscale and Coindesk, which generate an annual turnover of approximately 243 million US dollars. The company also owns Bitcoin (BTC) , Ethereum (ETH) and a dozen other cryptocurrencies.

For years there has been speculation as to which company in the crypto industry will be the first to go public. Although some companies that are involved in blockchain technologies were already listed on the stock exchange in the past, these were not pure crypto companies such as DCG or Coinbase.

Purdy commented on this consideration:

Once that happens, it could be crypto’s Netscape moment, where a high-profile IPO triggers a spate of subsequent offerings that fuel investor excitement to get involved in the emerging but rapidly growing industry.

However, the company did not respond to the request for comment. However, the company’s founder and CEO, Barry Silbert, said he wanted to transform the DCG into the Berkshire Hathaway of crypto technology.

Purdy is less concerned with an actual DCG IPO. There is currently no evidence for this. Rather, he wants to give an impression of the magnitude and potential extent.

Payment giant PayPal has removed its waiting list for crypto services, which means that all eligible US customers will now be able to buy, sell and hold cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) . The maximum amount per week that customers can use to invest in Crypto Bull & Co has also been increased. You can read more about it here and now.

PayPal is lifting the waiting list and allowing US customers to buy Bitcoin

The payment service made headlines last month when it announced its plans to support digital currencies.

While it was originally suggested that there would be a waiting list for customers interested in purchasing cryptocurrencies, the company has now opened the service to all eligible US customers. Americans can now use Bitcoin (BTC), Ethereum (ETH) and Bitcoin Cash (BCH). Eric Conner shows how it looks in practice with a screenshot on Twitter.

The purchase limits are also said to have been increased so that US buyers can invest up to $ 20,000 per week in Bitcoin . The original plan was $ 10,000 a week.

While it is currently unknown whether the service will expand globally, all indications are that the payment giant will position itself more strongly in cryptocurrencies like Bitcoin and Ethereum. It should therefore only be a matter of time before we in this country also get the opportunity to buy Bitcoin & Co via PayPal. Whether you want that too is another question. In any case, it will lower the inhibition threshold for many newcomers in the field of crypto currencies to actively invest in Bitcoin.

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After intense investigation, security experts have detected that the threat is worse than initially imagined.

A new Brazilian virus discovered by experts in digital security has been spying at least 110 apps and steals Bitcoin too. The threat is derived from another that was recently discovered.

In the midst of the COVID-19 pandemic, many Brazilians resort to digital payments. This is because, besides avoiding contact with physical money, the digital medium is more practical and faster.

To access the bank account then many resort to the use of mobile applications, even for their practicality of access. However, these accesses can be dangerous if your device has been compromised with some virus or malware.

It is worth mentioning that the operation of the new threat is of global reach.
Brazilian viruses detected by specialists steal Bitcoin and banking applications, in Brazil alone there are 110 apps exposed

In September 2020, a Trojan had been discovered and alerted to several people. Called Guildma, the Brazilian virus that captures Bitcoin from victims around the world gained prominence.

On that occasion, a family of dangerous trojans had been discovered, and Guildma was only one of them. However, investigations on the trojan continued and more dangerous elements of the virus were discovered.

According to a Kaspersky security report, unique features of the Guildma virus were identified. Thus, experts decided to treat it as a new family, called Ghimob.

With Ghimob then those who use banking applications on mobile devices could be exposed. In Brazil alone, for example, there would be 110 apps from banking institutions that can be spied on.

Besides, the Brazilian virus can spy and steal Bitcoin. According to Kaspersky’s survey, Ghimob today is a threat to 13 crypto applications created by brokers in Latin America, mainly.

How is Ghimob acting inside mobile devices?

To protect themselves, Brazilians should be attentive to received messages. The experts informed that the hackers who created the cyber threat usually send messages to the victims.

As they target attacks on banking applications, such messages use social engineering to convince readers to click on the link. When the victims actually click, a trojan is installed on the devices.

After the installation, the trojan starts spying on all the activity of the users of that infected device. Protections such as password and cell phone unlocking patterns are useless against Ghimob, as it easily learns to recognize these security guards.

Furthermore, Kaspersky informs that Ghimob is able to bypass the security of banking and crypto applications. In this way hackers would be able to perform transactions on behalf of the victim without being tracked.

In other words, the threat is serious and attacks numerous countries today, especially in Latin America. Countries in Europe, such as Germany and Portugal, or in Africa, such as Angola and Mozambique, are also on the Ghimob list.

According to Fábio Assolini, Kaspersky’s specialist in Brazil, Ghimob can even steal the victim’s fingerprints. In possession of this information, authentication in banking applications is easily performed.

First Brazilian trojan for mobile banking to be internationalized

Related to Guildma, which works more on Windows platforms, Ghimob is then the newest threat for mobile devices. Created certainly by Brazilians, the trojan that targets banking institutions, and even Bitcoin, may be the first to be „exported“.

This is because, for Assolini, the proximity to the Guildma that already operates outside Brazil should take Ghimob to the world. The threat was alerted by Kaspersky last Monday (9).

The experts ask that banking institutions pay attention to Ghimob and fight the virus to mitigate the risks of the new mobile RAT family. It is worth noting that it is also important for users to be careful about suspicious messages, especially strange links.