Bithumb Hack ‘Doesn’t Really Change the Fundamentals of Bitcoin’: Charlie Lee

Charlie Lee, the founder of Litecoin, went on CNBC’s Fast Money program on Wednesday to discuss the recent hacking of South Korea’s cryptocurrency exchange Bithumb, among other developments in the crypto sphere. Speaking via telephone, the founder of the world’s fifth-largest cryptocurrency by market cap pointed out that while it is normal for cryptocurrency investors to The post Bithumb Hack ‘Doesn’t Really Change the Fundamentals of Bitcoin’: Charlie Lee appeared first on CCN

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Breaking: South Korean Crypto Exchange Bithumb Hacked, Thieves Steal $30 Million

South Korean cryptocurrency exchange Bithumb has suspended deposits and withdrawals after losing $30 million worth of cryptocurrencies as the result of an apparent hack. The Seoul-based company, once the world’s largest cryptocurrency exchange, on Wednesday announced that $30 million worth of undisclosed cryptocurrencies had been stolen from the platform. It is not clear at what The post Breaking: South Korean Crypto Exchange Bithumb Hacked, Thieves Steal $30 Million appeared first on CCN

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South Korea’s Largest Cryptocurrency Exchange Partners BitPay for Remittance

Bithumb, South Korea’s largest cryptocurrency exchange, has partnered with major cryptocurrency payment processor BitPay to facilitate international remittance payments. US and South Korea Sonny Singh of Bitpay, the chief commercial officer at BitPay, stated that the company is on track to process $4 billion worth of transactions in 2018, and the team is focused on The post South Korea’s Largest Cryptocurrency Exchange Partners BitPay for Remittance appeared first on CCN

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No Cryptocurrency Trading Ban, South Korea Government Confirms

The post No Cryptocurrency Trading Ban, South Korea Government Confirms appeared first on CCN On January 15, in a public press conference, South Korea President Moon Jae-in’s executive office Blue House spokesperson Jeong Ki-joon, emphasized that there will be no cryptocurrency trading ban in the near future. In an official announcement, spokesperson Jeong noted that the cryptocurrency regulation task force created by the government will improve and alter the The post No Cryptocurrency Trading Ban, South Korea Government Confirms appeared first on CCN

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Bittrex Stops Creating New Ethereum Deposit Addresses Due to Network Congestion

The post Bittrex Stops Creating New Ethereum Deposit Addresses Due to Network Congestion appeared first on CCN Bittrex, the third largest cryptocurrency exchange in the global market behind Binance and Bithumb, has temporarily paused Ethereum deposits due to the current congestion on the Ethereum blockchain network. Network Congestion According to Etherscan, the Ethereum network is processing more than 1.2 million transactions on a daily basis, settling more payments than all of the The post Bittrex Stops Creating New Ethereum Deposit Addresses Due to Network Congestion appeared first on CCN

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