Bancor Hack Results in $13.5 Million Lost; User Funds Safe
The wallet/exchange service Bancor suffered a security breach on July 9th that led to $13.5 million worth of Ethereum (ETH), Bancor (BNT), and other tokens.
News
Cryptocurrency news from around the world and beyond. We cover what happening with cryptocurrency today. We cover things like countries embracing or rejecting cryptos, price milestones for Bitcoin and Alts, new projects, upcoming forks, etc.
South Korea Recognizes Crypto as an Industry
South Korea has been at the forefront of embracing cryptocurrency and blockchain technology. South Korea’s latest move is recognizing crypto / blockchain as an industry and providing classifications for different types of crypto businesses.
India Has Been Cracking Down on Crypto
India has been cracking down on crypto in 2018, seemingly as a response to the epic rally of 2017.
Fundstrat’s Tom Lee Revises BTC Projection From $25k to $20k
Fundstrat’s Tom Lee has revised his BTC projection for 2018 from $25k to $20k. His projection is based on the idea that BTC will trade for 2.5x its mining cost.
Binance Hacked, Sys Pumped, Funds Safe, and Problem Fixed
Hackers compromised Binance on July 3rd. They gained access to APIs and pumped the token SYS. However, all funds are safe and the issue has been fixed.
Coinbase Launches “Coinbase Custody;” a Custody Solution for Institutional Investors
Coinbase has officially launched Coinbase Custody (a custody solution for institutional investors). The current crown jewel of the crypto space is a reliable custody solution for the big players, and Coinbase has essentially just become first to market.
Crypto Rallies as Coinbase Custody Solution Launches
Bitcoin rebounded from its 2018 lows. Rallies are always impacted by a range of factors, but one notable event is the launch of Coinbase’s custody solution for institutional investors. Was this the event we were waiting for?
The GBTC and Kimchi Premiums are Disappearing Again
Here in late June 2018 the GBTC premium and the South Korean “Kimchi” premium are quickly disappearing. This has historically been a bullish sign that has signaled the end stages of a bear market.
The Bank of International Settlements (BIS) Publishes Negative Report on Crypto
The Bank of International Settlements (BIS) published a mostly negative report on crypto called “Cryptocurrencies: looking beyond the hype.” The report criticizes much of crypto while noting the potential importance of the underlying technology. The only thing I would point out is that cryptocurrency is software, and thus many of the current issues (from the… Read More
Crypto Search Trends are Trending up Again!
Crypto search trends are finally trending up again after a “search term correction” started in the winter as crypto prices started to drop. Although its too early to say for sure, this is potentially a very bullish sign when considered alongside the price and volume data.