#CryptoCorner: #Bithumb Hacked with $30 Million Stolen, UK Exchange Launching #Litecoin Futures and Japan to Vote on Banning Insider Trading and Privacy Coins
#CryptoCorner: #Bithumb Hacked with $30 Million Stolen, UK
Exchange Launching #Litecoin Futures and Japan to Vote on Banning Insider
Trading and Privacy Coins
Point Roberts, WA, Delta BC – June 20, 2018 - Investorideas.com, a leader in crypto and
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with today’s edition of Crypto Corner.
Crypto Corner – June 20, 2018
Read this in full at http://www.investorideas.com/news/2018/crypto-corner/06201BithumbLitecoinJapan.asp
Bithumb Hacked with $30 Million Stolen, UK Exchange Launching Litecoin
Futures and Japan to Vote on Banning Insider Trading and Privacy Coins
Bithumb, the world’s sixth-largest crypto exchange
by trading volume, was hacked last night. According to a company announcement, the South
Korean exchange had 35,000,000,000 KRW, or $31,500,000 USD worth of
cryptocurrency stolen in the hack. The announcement urged investors not to
deposit any funds into their Bithumb wallets for the time being, and assured
users that their assets were now safe.
“...this loss will be covered by Bithumb’s own
reservoir, and all assets of our customers are securely saved in Bithumb’s cold
wallet, hence all asset is completely safe and secured.”
Crypto Facilities, a UK-based crypto futures
trading platform, is launching a Litecoin (LTC) derivatives contract, according
to a report on
Coindesk today. The report says that the new service allows long or short
futures contracts with Litecoin serving as underlying collateral, with weekly,
monthly and quarterly maturities.
Timo Schlaefer, CEO of Crypto Facilities, said the
decision is a result of having received "strong client demand" for
litecoin contracts. "We believe our LTC-dollar futures contracts will
increase price transparency, liquidity and efficiency in the cryptocurrency
markets," he said.
Nikkei reports
that the Japan Virtual Currency Exchange Association (JVCEA) will vote June 27
on newly proposed regulations that will see a ban on insider trading and
“highly anonymous currencies” or privacy coins. These regulations are part of
nearly 100-pages of self-regulatory measures that the JVCEA has drawn up.
Sam Mowers, Investorideas
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