#CryptoCorner: Russian Social Media Giant VK to Launch Crypto, Bithumb Hacked for $13 Million in EOS
#CryptoCorner: Russian Social
Media Giant VK to Launch Crypto, Bithumb Hacked for $13 Million in EOS
Point Roberts WA,
Delta BC, April 1, 2019 - Investorideas.com, a leader in crypto and
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April 1 Crypto
Corner
As we begin a new week and month, the crypto market
is looking green with total market capitalization sitting at about $146 billion
USD at press time, according to data from CoinMarketCap. As usual Bitcoin (BTC) leads with a
trading price of $4150, and is followed by Ether (ETH), XRP, EOS and Litecoin (LTC), which are trading
for $142, $0.31, $4.20 and $60.85, respectively.
Russian social media giant VKontakte (VK) is
working on the creation of its own cryptocurrency, according to a report from
local outlet RNS. An unnamed source
told the publication that VK is designing the crypto as a means of paying users
for content generated on the site and paying for various products and services
available on the network. This development follows the launch of the site’s VK
Pay payment system in June last year, which allows users to pay for services on
VK and its partner sites. According to the report on RNS, VK has 97 million
active monthly users.
CoinDesk reports that South
Korean crypto exchange giant Bithumb was hacked for $13 million worth of
cryptocurrency EOS on Friday, March 29. The company reported an “abnormal
withdrawal” and indicated their suspicion that the hack was done by an insider
and that “no evidence of external exploit has been found. The latest update on
the story indicates that Bithumb may also have been hacked for $6.2 million
worth of XRP, though the company has yet to comment on the validity of this
claim.
Pakistan’s federal government is introducing
regulations for cryptocurrency today, according to local English-language
outlet The
Express Tribune. Sources from the country’s Financial Action Task Force (FATF)
explained the regulations:
“These regulations will help combating money laundering and terrorism
financing while it will also help regulation of digital currency throughout the
country.”
Cointelegraph reports that
Japanese crypto exchange Coincheck has launched a Bitcoin over-the-counter
(OTC) trading desk for large-scale institutional clients. Clients will be able
to trade large volumes of the flagship cryptocurrency on a web interface hosted
by Coincheck, starting at 50 BTC ($207,000 USD). The exchange will reportedly
consider adding support for other cryptocurrencies in the future.
Sam
Mowers, Investorideas
Crypto
Corner Sponsors:
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