How the Recent $60m Crypto Hacking Attack Will Impact Japanese Market

Zaif, a major crypto exchange in Japan, was hacked this week, losing nearly $60 million in user funds in a high profile security breach. Local publications including Japan Times reported that 6.7 billion yen was stolen by an unknown group of hackers, 2.2 billion yen in corporate funds and 4.5 billion yen in user funds […]

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Market Recovers After Drop, WaltonChain Surges 30%

In the past 24 hours, the Bitcoin price has recovered from $6,800 to $7,000, as buy pressure in the higher region of $6,000 prevented a further fall to mid-$6,000. As bitcoin price rebounded and averted a large drop to $6,500, most tokens and small market cap cryptocurrencies recovered, pushing the valuation of the cryptocurrency market […]

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Crypto Exchange Bithumb Halts Services Amid $31 Million Hack

Bithumb, one of the largest cryptocurrency exchange in South Korea by trading volume, is halting asset deposit and withdrawal services after a hack that has stolen 35 billion won (or $31 million) worth of cryptos from the platform. The company said in an announcement today that the hack happened since late Tuesday night until early Wednesday […]

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Korea’s Crypto Crackdown Talk Draws Backlash From Users and Politicians

More than 100,000 South Korea residents have signed petitions asking the government there to step back from any plans to close the country’s cryptocurrency exchanges. Earlier this week, the South Korean Justice Ministry announced that it was preparing legislation to close the country’s online exchanges amid a speculative boom in cryptocurrencies. That shot across the […]

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