Bithumb Hacked, Operations Frozen
Bithumb, one of the largest crypto exchanges in South Korea has suspended the deposit and withdrawal of assets against the backdrop of a cyber attack. As a result of the attack, around $31 million (35 billion KRW ) worth of cryptocurrencies is said to have been stolen from the website. Bithumb isn’t disclosing the exact amount of crypto that’s missing and has also deleted a Tweet promising compensation, sparking speculations online. The remaining assets of the exchange have been moved to a cold wallet. South Korean Authorities are investigating the attack.
BBVA Head Dismisses Blockchain as Immature
The CEO of BBVA, Carlos Torres said that the blockchain technology, on which cryptocurrencies such as bitcoin are based, "is not mature and has significant challenges". Torres also shared the view that the main obstacle for blockchain technology: the “volatility of underlying currencies” and possible compatibility issues with tax authorities and financial regulators.
ICON Tokens Migrate to Mainnet
The ICON project, specializing in developing solutions that connect separate blockchain platforms to combine the advantages of different networks, is initiating today a token swap procedure as it migrates over from an ethereum blockchain over to its own. Unlike other platforms ICON is executing the swap after their mainnet has proven to be operational. Swap ratio from ICX-tokens to ICX-coins will be 1:1.
Circle Releases Asset Listing Guide
Circle, a global crypto finance company, has introduced a new Circle Asset Framework and Asset Listing Form, which details what steps should be taken in order to obtain a listing on the platform. The framework has five main criteria which will be used as a guideline rather than a set of rules.
Skycoin Robbed in Broad Daylight
Skycoin blockchain platform has stated that EVOLAB, a Chinese marketing team it is associated with, has stolen around 100,000 skycoins during the past six months. Skycoin also said that it now has terminated the partnership and froze all accounts that contain the stolen digital currency.
Korea Against National Crypto
The Bank of Korea (BoK) officially stated that it is not going to launch its own cryptocurrency. The regulator made this decision because of a number of concerns about digital assets, The Korea Times reports. BoK had considered the possible expediency of using digital coins as a currency. As a result, the bank concluded that it wants to retain a monopoly on the implementation of monetary policy.
At 14.15 (GMT+1) total cryptocurrency market capitalization stands at $283,2 billion
Bitcoin (Bitcoin) $6 651 (-1,92%)
Ethereum (ETH/USD) $522 (-2,82%)
Ripple (XRP/USD) $0,52 (-3,81%)
Bitcoin Cash (Bitcoin.Cash) $867 (-4,26%)
EOS (EOS/USD) $10,26 (-4,40%)
Huobi Token (+6,35%) showed the best growth in the top-100
The trading volume of cryptocurrencies for 24 hours reached $12,92 13,08 (- 0,16 billion per day)
BTC $3,6 for 10 TH/s
ETH $0,3 for 10 MH/s
BCH $0,27 for 1 TH/s
LTC $4,4 for 1 GH/s
DASH $0,14 for 1 GH/s
Click here for the full list of ongoing ICOs.
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By Nadya Astam