Category: Cryptocurrency News

Top Stories This Week Leading South Korean Crypto Exchange Bithumb Hacked For $30 Mln In Crypto Bithumb, which has fallen from 6th to 10th place for cryptocurrency exchanges worldwide by trading volume, has had about $30 million worth of cryptocurrencies stolen in an apparent hack. Bithumb has temporarily suspended all deposits and payments, noting that they are moving all assets to a cold wallet and will compensate victims of the hack. The Korean Ministry has since launched a probe into Read more …

The “Central Bank of Central Banks” recently released a 24-page report taking a hard stance against the cryptocurrency movement and the mainstream application of the technology. The Bank for International Settlements (BIS) “fosters international monetary and financial cooperation and serves as a bank for central banks,” and presumably the recent crypto-doomsday report was carried out by well-informed experts in the banking sector. Despite the promising adoptive measures we’ve seen throughout the crypto-ecosystem in recent months, the report suggests that permissionless cryptocurrencies Read more …

Crowdfunding The team of a young Ukrainian crypto company has made an effort to collect some interesting data about what happened with their tokens after the sale. It turns out investors from developing countries are inclined to sell the coins within months after their listing, while buyers from developed nations tend to hold them longer. Also read: No License Needed to Mine Cryptocurrencies in Ukraine Ukrainian Startup Tracks Its Coins What happens with your tokens after they are sold and Read more …

Polkadot developer Robert Habermeier has become the latest cryptocurrency developer to win a prestigious fellowship from the Thiel Foundation, which was founded by PayPal co-founder and bitcoin bull Peter Thiel. Every year, the Thiel Foundation 20 to 25 entrepreneurs under the age of 23 and awards them $100,000 over a two-year period. The foundation encourages its fellows to drop out of school and pursue their passion, providing guidance and support along the way. Allyson Dias, director of the Thiel Fellowship, said, “College Read more …

This interview has been edited and condensed. Mike Butcher, an editor-at-large of TechCrunch is a pioneer of the tech and journalism industries. He has also started covering the crypto industry and blockchain technology, as — in his words — “that is effectively going to be a new way to the future.” He first heard about crypto back in 2011 and it was ‘Bitcoin that got [him] interested’ in the space.’ “I think it is sort of a general theme — Read more …

Economics 2018 might not be the best year for crypto investors so far, but a lot of wealth is still in the hands of long-term holders. The latest example of this comes from Silicon Valley where some people are using bitcoin to buy millions worth of expensive timepieces, diamonds and other luxury items. Also Read: This Week in Bitcoin: McAfee Backs Off, Crypto World Cup and the Mystery of 21e8 Crypto Surpasses Credit Cards Stephen Silver Fine Jewelry, a Silicon Read more …

Robinhood, a major stock trading app based in the US, whose valuation surged from $1.5 billion to $6 billion after integrating cryptocurrency, said that the company does not expect to generate large profits in the near future, and the company is fine with it. Vlad Tenev, the co-CEO of Robinhood, said that more than 200,000 new customers registered to Robinhood Crypto on a daily basis following the launch of the company’s cryptocurrency trading platform. Upon the integration of crypto, Robinhood Read more …

Brad Garlinghouse, the billionaire CEO at Ripple Labs, the company that oversees the development of XRP, the $18 billion blockchain network, has said for the first time in public that Coinbase should integrate XRP, the native cryptocurrency of the Ripple network. CEO Says Ripple is Clearly Not a Security In an interview with Jeff John Roberts from Fortune at CB Insights Future of Fintech conference in New York, Ripple CEO Brad Garlinghouse said that XRP is solving problems at scale Read more …

Market Updates Cryptocurrency bears are still clawing away at digital asset prices on Sunday, June 24 as most of the digital currency market values are down between 3-12 percent over the last 24-hours. The top cryptocurrency market held by bitcoin core (BTC) has touched a triple bottom at $5,832 during the early morning June 24 trading sessions. The last two times BTC dropped to these price ranges was in November 2017, and last February. Some traders believe a third bottom Read more …

Ukranian Police authorities have arrested four people in connection with running six fraudulent exchanges.t The authorities say that the accused setup exchanges using a custom CMS(content managemenset uptem), and attracted users through review websites, which they had infused with fake positive ratings. The websites the accused deployed are:1. moneycraft.info2. wowex.online3. swapex.net4. myexchanger.lv5. iconvex.net6. likechange.biz All of the websites are currently offline, with some domains redirecting to irrelevant websites. Essentially, they set up seemingly legit websites that facilitate cryptocurrency exchange. They Read more …