A grandson of Redquartz developer Paddy Kelly became the co-founder of a North Wicklow crypto asset management company.
Long with his 21-year-old co-founder, Sam Molloy, James Kelly is behind Gigabyte Investment, which claims to be Ireland’s first exclusive digital asset fund.
James’ father, Simon, and former investment banker Louis Curran are also involved with the two UCD graduates who have been interested in crypto since their teens.
They manage “a few million dollars” of investments, with some clients referred to them by Cork’s financial advisers, Alpha Wealth.
Molloy added that one of Gigabyte’s four funds, with exposure to “top” 15 crypto assets, recently closed with a return of 1,500 bp in the past year.
Two other funds offer more modest returns, up to 6% and up to 10% respectively.
More than half a million people in Ireland have invested in such assets in various ways, but Central Bank regulations for them might not be in place until 2025, Molloy said.
While such investments are attractive in an age of negative interest, Ergo reminds readers that all money invested in them is at risk.
DAA caught in UKG ransomware attack
DAA has been told by US technology company Ultimate Kronos Group (UKG) that an integrated pointing and attendance system it is providing to the airport operator may have been compromised in an attack of ransomware.
“UKG became aware of unusual activity late on Saturday evening. It took immediate action to investigate and mitigate the problem and UKG has determined that it has been the subject of a ransomware incident,” a door said. – DAA’s speech to Ergo.
UKG is working to resolve the situation and has informed relevant authorities as they work to determine the nature and extent of the incident, he said.
“The DAA has no evidence that its internal systems have been compromised,” he said, and contingency plans to manually manage the time and attendance system for more than 2,000 employees. under development “.
Businesses might regret getting on the wage subsidy bandwagon
Last year, hundreds and hundreds of businesses opted out of the Temporary Wage Subsidy Program (TWSS) to prevent their names from being published by Revenue. At the time, many companies privately worried about damage to their reputation.
After having embarked on grant programs, many have thought about it. In the UK, several companies have been publicly hammered for receiving support.
As companies’ accounts are filed and details of support come to light (some were reported in The Irish Times last week), many companies may now wish they had taken the opportunity to look up. also remove.