The likes of Morgan Stanley, Goldman Sachs, Citigroup and Barclays have all exhibited interest in entering the cryptocurrency space this year. But despite claims that these large players are close to entering crypto, Bloomberg reports that market uncertainty has led to plans being put on hold.
However, a former member of Deutsche Bank AG believes that this bear market is perfect for the big financial players to build solid foundations without any fear of missing out, which would allow them to move into crypto with confidence when the time is right.
Bitcoin Private premine
A report recently surfaced claiming that 2 million Bitcoin Private coins were premined at the time of the fork, significantly increasing the supply. The total supply was supposed to be capped at 21 million units, but following this discovery it has ended up being more like 23 million.
A bounty was posted for an issue and the developer who fixed it left a line of code missing, which went unnoticed. This caused a vulnerability that was exploited by a malicious individual, leaving him to create 2 million Bitcoin Private tokens unbeknownst to the Bitcoin Private team.