Two Sigma Ventures backs cryptocurrency security startup Trustology [Reuters (UK)]
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Source: Reuters
Two Sigma Ventures backs cryptocurrency security startup Trustology | Reuters 3 Min Read NEW YORK (Reuters) - The venture capital arm of quantitative hedge fund manager Two Sigma has backed Trustology, a young company that develops technology to help investors safeguard digital assets such as cryptocurrencies, the companies said on Thursday. Two Sigma Ventures led an $8 million seed round in the London-based startup, with participation from blockchain company ConsenSys. Security is one of the biggest risks facing the nascent cryptocurrency market, where investors trade digital coins online, often using pseudonyms. Around $1.7 billion worth of cryptocurrency has been stolen between 2012 and the first half of 2018, according to financial research firm Autonomous NEXT and Crypto Aware. Trustology will use the funding to offer its service for more types of cryptocurrencies and to expand globally, the company’s CEO, Alex Batlin, said in an interview. Trustology hopes to make it simpler for
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