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Brian Kelly & Charlie Lee “Bitcoin Is Still Bullish”
Despite the recent hack on Bithumb, in which over $30 million worth of cryptocurrencies was culminated by the hackers, Brian Kelly and Charlie Lee remain ‘bullish’ on Bitcoin. This week, the South Korean exchange, one of the largest cryptocurrency exchanges, Bithumb was hacked which led to the theft of $31 million virtual currency’s. дальше »
2018-6-24 22:30 | |
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6 Reasons Why Bitcoin Price is Down — (And Some Positive News Too)
As the week comes to a close, let us reflect on and digest all the news — most of which was negative, that happened in the cryptocurrency arena affecting Bitcoin price. Oh Look, Another Exchange Hack Tuesday evening, popular South Korean cryptocurrency exchange Bithumb reported a system breach that resulted in approximately $31 million worth of cryptocurrencies being stolen. дальше »
2018-6-24 23:00 | |
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Are Centralized Exchanges Breaking the Crypto Promise?
Exchange hacks are becoming the new normal. Just two weeks after Conrail’s $37. 2 million hack, it was time for Bithumb’s $31 million hack, with the difference being that Bithumb is the world’s sixth largest cryptocurrency exchange based on CoinMarketCap data, far larger than Coinrail. дальше »
2018-6-24 23:00 | |
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Litecoin Founder Remains Optimistic Despite Recent Bithumb Hack
Charlie Lee, the developer behind the world’s sixth-largest cryptocurrency, Litecoin, believes the price of Bitcoin and other cryptocurrencies will recover “fairly soon”. Lee shared his thoughts on the current bear market, what developments in the industry excite him the most, and the recent hack on Bithumb, the South Korean crypto exchange. The hack does not […] дальше »
2018-6-24 21:00 | |
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A 230 Billion Won Government Pump Awaits Korean Blockchain Sector
The Ministry of Science and ICT of South Korea announced its blockchain technology development strategy on June 21. The government aims to provide 230 billion won (~$207 million) for boosting development of distributed ledger technology in the country. дальше »
2018-6-23 14:38 | |
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Bitcoin, Ethereum Slide Back in to Red as Market Reacts to Japanese Regulation, South Korean Tax Confusion
The cryptocurrency market has swung violently back into the red due to a series of regulatory movements from Asia, spooking skittish market participants. Bitcoin and Ethereum plummeted by almost 10% as Japanese regulators crack down on exchange action. дальше »
2018-6-23 02:13 | |
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South Korean Gov’t to Invest $200 Mln in Blockchain Initiatives
Despite recent exchange hacks, the blockchain industry continues to thrive in countries worldwide. On June 21, 2018, the South Korean government announced intent to invest over $200 million into blockchain initiatives by 2022. дальше »
2018-6-23 15:00 | |
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Two Huge Hacks In Two Weeks Didn’t Crash The Markets, Here’s Why
Yesterday, we saw news of another hack of the South Korean cryptocurrency exchange, Bithumb, the hack, resulted in the theft of over $30 Million. Just over a week ago, we also saw a similar scale hack take hold of (another South Korean cryptocurrency exchange) Coinrail, this time, we saw theft in excess of $40 Million. дальше »
2018-6-22 13:30 | |
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Still Bullish on Bitcoin Despite Bithumb Hack: Brian Kelly and Charlie Lee Weigh In
Both Brian Kelly and Charlie Lee remain bullish on Bitcoin despite the recent hack of Bithumb, which resulted in the theft of over $31 million worth of cryptocurrencies. Brian Kelly: Things are Different for Bitcoin This Time Around Earlier this week, South Korean exchange Bithumb – currently the eight largest cryptocurrency exchange by means of trading volumes – was hacked, resulting in the theft of more than $31 million worth of cryptocurrencies. дальше »
2018-6-22 09:00 | |
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South Korea’s Cryptocurrency Industry Sees a Growing Number of Trading Bots
Trading bots have been playing an increasingly important role in the world of cryptocurrency. That in itself is a very positive development, although it may lead to a lot more speculation and volatility. дальше »
2018-6-22 03:00 | |
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Bithumb Loses $30 Million After South Korean Exchange Is Hacked
One of the busiest virtual coin exchanges in the world, Bithumb, was hacked on Tuesday 19th June and coins worth over $30 million were stolen. All activities on the platform have been temporarily suspended, and there is no news of service renewal yet. дальше »
2018-6-22 00:46 | |
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In order to recover hacked funds Bithumb is working with other Crypto Exchange
The exchange stated: “We have announced about 35 billion Korean won of damages … Bithumb is reducing the amount of damage through ongoing damage recovery, future figures are expected to be lower. дальше »
2018-6-21 20:30 | |
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What has changed from Mt. Gox to Bithumb; 7 years down the line
OPINION: Earlier today, top Korean cryptocurrency exchange platform Bithumb was hacked for a loss of about $30 million. While this has been the buzz in the crypto world, many have forgotten that another infamous hack occurred on this day. дальше »
2018-6-21 13:02 | |
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Multiple Crypto Exchange Hacks Lead to Detailed Plans Made by Korean Government
Regulation Following multiple hack reports, the South Korean government explains how it will strengthen the regulatory framework for cryptocurrency exchanges. A bill has already been submitted which imposes multiple new obligations on crypto exchanges. дальше »
2018-6-21 07:04 | |
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Korean Government Details Regulatory Plans After Multiple Crypto Exchange Hacks
Following multiple hack reports, the South Korean government explains how it will strengthen the regulatory framework for cryptocurrency exchanges. A bill has already been submitted which imposes multiple new obligations on crypto exchanges. дальше »
2018-6-21 06:10 | |
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North Carolina Banking Bill Passes — Adds Virtual Currency License Requirements
The state of North Carolina has pushed the passage of House Bill 86 and some digital currency advocates and firms like Coinbase believe the bill makes the state more friendly towards cryptocurrency businesses. дальше »
2018-6-21 02:40 | |
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Cryptocurrency Price Analysis June 20
Bitcoin’s rolling 30-day annualized volatility has declined to about 61 percent from the highs of over 150 percent in 2017. Earlier this month, the hacking of the South Korean exchange Coinrail allegedly led to a sharp fall in the cryptocurrency prices. дальше »
2018-6-21 23:24 | |
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Korean Cryptocurrency hub hacked
Hackers have reportedly made away with cryptocurrencies worth $30 million from Bithumb, South Korea’s leading exchange, according to reports from a blog update. The exchange states that due to the hack, deposits and withdrawals will be temporarily suspended until further notice. дальше »
2018-6-21 23:02 | |
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Bithumb loses $30 million in cryptos to thieves, alerts against entering passwords!
South Korean cryptocurrency exchange, Bithumb lost over $30 million earlier today. The exchange has confirmed about the theft earlier this morning. It is believed to be a case of a cryptocurrency hack. дальше »
2018-6-20 21:28 | |
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South Korean Bithumb Exchange Loses $30M in Latest Cryptocurrency Hack
Hackers have reportedly made away with cryptocurrencies worth $30 million from Bithumb, South Korea's leading exchange, according to reports from a blog update. The exchange states that due to the hack, deposits and withdrawals will be temporarily suspended until further notice. дальше »
2018-6-20 20:25 | |
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Korean Ministry Initiates Investigation Into Causes Of Bithumb Crypto Exchange Hack
The South Korean Ministry of Science and Technology (MIC) has set up a probe into the theft of $30 million from the world’s sixth largest cryptocurrency exchange Bithumb, Yonhap News reports Wednesday, June 20. дальше »
2018-6-20 18:25 | |
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Bithumb stocks $31 Million Hack: What We Know (And Don’t Know)
On Wednesday, roughly 35 billion Korean won (around $31 million) in cryptocurrency was stolen by hackers from the South Korea-based exchange Bithumb. According to a follow-up report from CoinDesk Korea, Bithumb conducted a security enhancement checkup on June 16, just days before the confirmed hack. дальше »
2018-6-20 15:34 | |
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Market Declining Following Bithumb Hack Of $30 Million Worth Of Coins
The South Korean crypto market is scrambling to retain its normalcy after hackers attacked and made away with about $30 million worth of crypto coins from Bithumb. Bithumb is a South Korean cryptocurrency exchange, the 2nd largest in the country and 6th largest in the world. дальше »
2018-6-20 12:18 | |
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Crypto Switch Bithumb Stops Withdrawals during $31 Million Hack
The company said in an announcement today that the hack happened between late Tuesday night until early Wednesday morning Korean time. Though Bithumb has yet to disclose which cryptocurrency or in what amount had been damaged, it said in the announcement that the loss will be covered by the platform. As such, Bithumb said investors should дальше »
2018-6-20 10:17 | |
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South Korean Crypto Exchange Bithumb Hacked, $31.5 Million Stolen
Popular South Korean cryptocurrency exchange Bithumb has suspended all deposits and withdrawals following a hack resulting in the theft of more than $31 million worth of cryptocurrencies. This marks the second Korean exchange hack in as many weeks. дальше »
2018-6-20 07:30 | |
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Korean Crypto Exchange Unveils Plan to Restart Despite Hackings and Controversies
Exchanges South Korean cryptocurrency exchange Coinrail has unveiled its plan to resume service despite surrounding controversies. The exchange reportedly removed a key part of its terms of service right before it was allegedly hacked, arousing suspicions. дальше »
2018-6-20 21:31 | |
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Hacked Korean Crypto Exchange Unveils Plan to Restart Service Amid Controversies
South Korean cryptocurrency exchange Coinrail has unveiled its plan to resume service despite surrounding controversies. The exchange reportedly removed a key part of its terms of service right before it was allegedly hacked, arousing suspicions. дальше »
2018-6-20 18:10 | |
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The Crypto Refresh June 17th 2018
We are back again with our weekly refresh of all things crypto. The crypto refresh is designed to bring you a weeks’ worth of cryptocurrency news in a bitesize format. We appreciate that you might not always have time to trawl through the headlines so therefore, each weekend we summarise the best bits for you. дальше »
2018-6-18 23:05 | |
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A Single Incorrect Character Cripples ICON Blockchain, Bug Fix Implemented
Despite positive news regarding popular South Korean based cryptocurrency, Icon, a smart contract bug has temporarily crippled the transfer of the ICX ERC-20 token. != Or ==, Which One Is Correct? It was recently revealed that a flaw in ICX’s smart contract allowed for users to disable the transfer of all ICX ERC-20 tokens. дальше »
2018-6-17 11:00 | |
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Direct Supervision Over Crypto Exchanges sought by South Korea’s Government
The South Korean government is reportedly seeking to bring cryptocurrency exchanges under the direct supervision of the country’s Financial Intelligence Unit. This is the first time a government agency has said it will oversee crypto exchanges. дальше »
2018-6-15 06:36 | |
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South Korean Government Agency Seeks Direct Supervision Over Crypto Exchanges
The South Korean government is reportedly seeking to bring cryptocurrency exchanges under the direct supervision of the country’s Financial Intelligence Unit. This will obligate crypto exchanges to follow anti-money laundering directives like banks do. дальше »
2018-6-15 03:50 | |
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South Korean banks suspected Coinrail transactions months before in Feb
In the latest update to the largest South Korean crypto stealing scandal valued at $37.28 million, media has unearthed evidence that banks had detected suspicious behavior at local exchanges. South Korea major trading center In terms of volume and number of exchanges, South Korean, is by far one of the largest trading centers of cryptocurrency […] The post South Korean banks suspected Coinrail transactions months before in Feb appeared first on ZyCrypto. дальше »
2018-6-14 16:25 | |
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Report: Suspicious Transactions at Korean Exchange Coinrail Months Before Hack
Following the announcement by South Korean crypto exchange Coinrail that it has been hacked, a local publication reported that some banks had identified suspicious transactions at the exchange and stopped providing services to company months before the incident. дальше »
2018-6-13 03:40 | |
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Did Bitcoin [BTC] fall due to Coinrail hack?
Eric Lam, a Hong Kong-based crypto-asset reporter, talked about South Korean cryptocurrency exchange Coinrail reporting a ‘cyber intrusion’, on Bloomberg. The exchange did reveal that around 70% of their cryptocurrency holdings were stored in a ‘cold wallet’, a wallet that is not connected to the internet. дальше »
2018-6-13 00:11 | |
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Here’s The Real Winner Of The Trump x Kim Summit
With the Donald Trump and Kim Jong Un meeting now in full effect, in an event known as the Singapore Summit, the world’s media are going a bit crazy, for obvious reasons. This has marked a momentous and historic occasion, so naturally, we did expect to see some sort of cryptocurrency-based publicity stunt. дальше »
2018-6-12 16:00 | |
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Market’s Start To Re-Balance After Weekend Slide
After a very disappointing start to the week, it looks as if the markets are starting to re-gain some balance after taking on huge losses in the wake of a hack within South Korean cryptocurrency exchange, Coinrail. дальше »
2018-6-12 12:00 | |
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Six People Paid by Korean Exchange Upbit for Reporting Fraudulent Crypto Schemes
A major South Korean exchange, Upbit, has paid six people for reporting fraudulent crypto-related schemes. Japan Confirms Entrance Into the Crypto Space Upbit Paid Users for Reporting Fraud One of South Korea’s largest cryptocurrency exchanges, the Kakao Corp-backed Upbit, has paid six individuals for reporting fraudulent crypto-related schemes. The exchange implemented a bounty system in дальше »
2018-6-12 05:26 | |
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$40 Million in Crypto Currency Stolen after Hacking, South Korean Exchange Reports
South Korean cryptocurrency exchange Coinrail reported a hack on its website during the early morning hours of June 10, 2018. The thieves allegedly made off with over $ 40 million worth of altcoins and assorted tokens. дальше »
2018-6-12 01:40 | |
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Canadian Exchanges to Report Transactions Over $10k per Proposed Regulations
Canadian bitcoin investors and cryptocurrency traders are going to be subjected to an increased level of market surveillance soon if the government has its way. Once the proposed regulations are implemented, every transaction above $10,000 CAD will have to be reported. дальше »
2018-6-12 23:20 | |
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South Korean Exchange Coinrail Hacked, $40 Million in Crypto Reported Stolen
South Korean cryptocurrency exchange Coinrail reported a hack on its website during the early morning hours of June 10, 2018. The thieves allegedly made off with over $40 million worth of altcoins and assorted tokens. дальше »
2018-6-12 23:18 | |
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Emergency Market Review
As we know, today the markets are experiencing a fall that kicked in around 24-hours ago. The majority of the news is pointing towards a large-scale hack of South Korean cryptocurrency exchange, Coinrail as the root to this demise, however we can be pretty certain that there are some other contributing factors, factors within world politics and world finance. дальше »
2018-6-11 12:30 | |
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Coinrail Hack See’s Markets Crash As $40 Million Stolen
The markets are down this morning in the wake of an alleged $40 Million hack of South Korean cryptocurrency exchange, Coinrail. Given current political activities within Singapore (the summit involving both the US President and the Leader of North Korea) we did expect the markets to be a little shaky this morning, the current view however is far worse than we expected. дальше »
2018-6-11 12:00 | |
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Is South Korean Exchange Hack Responsible for Bitcoin Price Plunge?
Bitcoin price plunge over the weekend is generally being linked to another cryptocurrency exchange hack in South Korea. This time it was a smaller exchange called Coinrail that was breached by blackhats who made off with over $40 million in altcoins which may have caused the massive sell-off on Sunday leaving a trail of red. дальше »
2018-6-11 09:12 | |
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Bitcoin Magazine’s Week in Review: Looking to the Past and the Future
South Korea just ruled that bitcoin is a legally recognizable asset, which is good news for investors, but not such good news for convicted criminals that had managed to hold onto their cryptocurrency in the past. дальше »
2018-6-11 18:04 | |
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