Another major hack occurred in the cryptocurrency industry: this time no cryptocurrency exchange was affected, but the non-profit foundation supporting a cryptocurrency. It’s believed the breach may have occurred because a team member failed to follow the organization’s security practices. Human failure is still the biggest cause of crypto thefts.

Fidelity Digital Assets, a venture serving institutional investors offering them bitcoin custody and investment tools, may expand its range with the addition of Ethereum, the world’s largest altcoin, soon. Finally, a new study has found that 43% of investors interested in bitcoin are women.

Top stories in the Crypto Roundup today:

• VeChain Foundation Hacked for 1.1 Billion VET Tokens, Worth Around $6.5 Million
• Fidelity Digital Assets Is Planning to Support Ethereum in 2020
• 43% of Investors Interested in Bitcoin Are Women, Grayscale Finds

At the time of writing, bitcoin (BTC) is trading at $7,082.92 (-1.01%) with a daily Top Tier volume of $937.73 mn. As for ether (ETH), it is trading at $141.17 (-1.57%) with a daily Top Tier volume of $174.73 mn. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 2,363.14 (-1.49%).

VeChain Foundation Hacked for 1.1 Billion VET Tokens, Worth Around $6.5 Million

The VeChain Foundation’s “buyback wallet,” a wallet that was to be used to buyback up to $25 million worth of VET, was compromised by a hacker who managed to steal 1.1 billion VET tokens, worth around $6.5 million, from it.

The VeChain Foundation quickly tagged all addresses associated with the hacker on VeChainStats, and the list to which the hacker sent funds kept on updating since. The Foundation has been tracking the transfer of the VET tokens, and noted it warned exchanges to monitor, blacklist and freeze funds coming from these addresses.

It added it launched an investigation into “every fact around the address to determine the motive, method, and data flow behind this malicious act.” The organization further noted it started a security check to ensure its other cryptoasset are safe, and that it reported the incident to law enforcement in Singapore.

Initially, the VeChain Foundation revealed it believed the security breach was likely due to the “misconduct of one of the team members” who didn’t follow its security practices.

Fidelity Digital Assets Is Planning to Support Ethereum in 2020

Fidelity Digital Assets has revealed during an interview with crypto news outlet TheBlock, in it’s the Scoop podcast, that it’s planning on adding support for Ethereum in 2020. During the podcast, the venture’s president Tom Jessop revealed Fidelity has “done a lot of work on Ethereum.”

The venture currently only supports bitcoin, offering cryptocurrency custody and trading tools to institutional investors. Jessop revealed that a lack of a track-record for most top cryptocurrencies affects the appetite of institutional investors, as there’s no guarantee a cryptocurrency will be around in the future.

Bitcoin has the longest track record in the cryptocurrency space, which means it gives investors a better sense of security.

43% of Investors Interested in Bitcoin Are Women, Grayscale Finds

A new study conducted by Grayscale has found that 43% of investors interested in the flagship cryptocurrency bitcoin are women. The study involved 1,100 U.S.-based participants aged 25-64 active in personal investing with at least $10,000 in tangible assets and a household income of at least $50,000.

It found both women and men “share similar perceptions” of bitcoin, potentially showing the cryptocurrency space isn’t as male-dominated as previously believed. Nevertheless, Grayscale found both groups have a different approach to investing in crypto.

Women, the study found, are “generally less optimistic about investments and more risk-averse, “but see identical opportunities in digital assets. Around 49.8% of women and 49.9% of men claimed that bitcoin’s finite supply may see demand, and hence price, grow.

The study also claimed women showed more education on cryptocurrencies could lead to greater interest, with 76% revealing they lack familiarity with bitcoin, and 93% indicating they could be more open to the asset class if they had more educational resources available.

State of the Crypto by Top Tier Exchange Volume

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