Hacked Crypto Exchange Bithumb Made $35 Million Profit in First Half 2018

Customer data of bankrupt crypto exchange FTX and lender BlockFi have been compromised due to a hack of Kroll, a third party agent that manages creditor claims on behalf of bankrupt companies.Crypto account passwords and other sensitive data weren’t affected, but customers were warned to be on the lookout for scammers impersonating parties in the…

news The European Central Bank (ECB) has said that cryptocurrencies are currently not a threat to financial stability in the euro zone. In its latest paper on the subject, published Friday, the ECB said the combined value of crypto-assets is small relative to the financial system, and “linkages” to the financial sector are still limited. Further,…

Jul 29, 2020 at 12:40 UTCUpdated Jul 29, 2020 at 13:02 UTCBitcoin price and RSI (TradingView)Bitcoin Looks Overbought but Analysts Play Down Drop FearsWith bitcoin rising to its highest level in 11 months this week, some investors are beginning to worry that the cryptocurrency is overbought and may be due for notable price drop.  But…

news Kevin McCarthy, the Republican leader of the U.S. House of Representatives, has called for an exploration to see if blockchain can make the U.S. government more efficient and transparent. In a speech before the Select Committee on the Modernization of Congress on Tuesday, McCarthy said that blockchain is “revolutionizing” the security of the financial…

When Tron founder Justin Sun bought BitTorrent in one of the most talked-about tech acquisitions of the year, it turns out he wasn't even the highest bidder. What's more, Tron wasn't even the only crypto startup that wanted a piece of the pioneering peer-to-peer file sharing software company, CoinDesk has learned. Based on internal documents…

U.S. crypto equities are up double digits across the board as bitcoin climbed above $75,000 to a record. MicroStrategy is approaching a record high, adding 12% in pre-market trading. 01:35 Why Bitcoin Will Be the Winner Regardless of U.S. Election Results 02:25 DOGE Surges on U.S. Election Day; Bitcoin ETFs Shed $541M and Mt. Gox

One thing that has distinguished traditional banking from crypto, in the eyes of many financial experts, is stability. There's a strong belief that most people who put money into an account at a prominent bank will generally leave it there, indefinitely – whether due to comfort, satisfaction, relationships, laziness, lots of things.

Oct 6, 2020 at 19:28 UTCUpdated Oct 6, 2020 at 19:29 UTCWhat drove growth in Q3? Stablecoins, DeFi and derivatives.(Shutterstock)These 3 Trends Are Driving Crypto Market Growth NowIn such a fast-growing industry as crypto asset markets, it can be overwhelming to try to extract the main themes driving liquidity and investor interest. Yet, doing so…

Although MakerDAO’s dai (DAI) might be the most successful decentralized stablecoin, last year founder Rune Christensen worried the project was teetering on the edge of collapse. So he set about coming up with a rescue plan.Christensen’s proposal, now known as Endgame, is a massive expansion of the Maker project, which would see the release of