The round was led by FBG Capital and NGC Ventures, both Asia-based venture firms. Author: Sebastian Sinclair

Fidelity Digital Assets describes the origins of the omnibus custody model in traditional finance and explores how and why digital asset custodians apply the omnibus model to securing customer assets. Author: Noelle Acheson

The organization that’s encrypting computers and extorting companies has taken to SegWit addresses, according to McAfee and CipherTrace Author: Danny Nelson

Crypto VC firm Electric Capital has closed its second fund at $110 million. Of the money raised, 90% of it is institutional capital. Author: Zack Seward

Twitter hack alleged ringleader Graham Clark, the subject of a previous criminal investigation, had bail set at $725,000 at his first court appearance Saturday. Author: Paddy Baker