#CryptoCorner: Binance Hacked for 7,000 BTC, Bitstamp Names Head of US Operations, Bitfinex Issues White Paper for $1 Billion Exchange Offering



#CryptoCorner: Binance Hacked for 7,000 BTC, Bitstamp Names Head of US Operations, Bitfinex Issues White Paper for $1 Billion Exchange Offering




Point Roberts WA, Delta BC,  May 8, 2019 -  Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.’s  (subsidiary of NXT-ID (NASDAQ: NXTD) crypto payment tech, Flip and  the Genesis Exchange and Wallet  App bring you today’s edition of the Crypto Corner podcast and commentary on what’s driving the cryptocurrency market .




Subscribe to Podcast RSS feed:
https://www.investorideas.com/rss/feeds/Podcasts-Crypto.xml


Crypto exchange giant Binance has been hacked for 7,000 bitcoins (BTC), worth $40.7 million, according to an official statement from the company’s website. The withdrawal was part of a broader security breach wherein the hackers took user API keys, 2FA codes and other info. The hack only affected the exchange’s hot wallet, which holds just two percent of the company’s Bitcoin holdings. The statement also says that the stolen funds will be refunded in full. The exchange will halt withdrawals following the incident:

The hackers had the patience to wait, and execute well-orchestrated actions through multiple seemingly independent accounts at the most opportune time. The transaction is structured in a way that passed our existing security checks. It was unfortunate that we were not able to block this withdrawal before it was executed. Once executed, the withdrawal triggered various alarms in our system. We stopped all withdrawals immediately after that.

Finance Magnates reports that Luxembourg-based crypto exchange Bitstamp has amped up its expansion into the American market with the appointment of former head of trading at Coinbase, Hunter Merghart, as the head of its U.S. operations. Merghart will begin by opening a Bitstamp office in New York and establishing relations with institutional clients in the country. He said:

“Bitstamp has repeatedly proven that it believes in the future of the industry and is committed to developing best practices that benefit its customers and the cryptocurrency space. I look forward to helping Bitstamp more effectively serve its existing clients in the U.S. and expanding its presence throughout the States.”

Crypto exchange Bitfinex has today issued a white paper outlining its initial exchange offering (IEO) of its own LEO exchange tokens. The exchange aims to raise $1 billion worth of Tether (USDT) in a sale to private investors that will end on May 11. After which, the white paper reads:
“If fewer than 1 billion USDt tokens are sold by private token sale, the Issuer may thereafter sell remaining tokens at times and in a manner it deems appropriate in its sole discretion, consistent with applicable law.”
According to a press release today, UK and Israel-based tech company Colu announced a partnership with Belfast City Council to release Belfast Coin, a city-based cryptocurrency. The aim of the coin is to act as a reward system for citizens and businesses in the city, offering incentives for activities such as shopping at local businesses, volunteering and civic activity that boosts the local economy and helps realize environmental goals. Belfast Coin will be accepted as payment at local businesses throughout the city.


Sam Mowers, Investorideas

Read other editions of the  Crypto Corner

Get the Crypto Corner News by email Get Crypto Corner News

Crypto Corner Sponsors:


Flip™ is the creation of Fit Pay, Inc., a leading provider of cutting edge payment technology and a subsidiary of NXT-ID (NASDAQ: NXTD). By leveraging the FitPay Payment Platform™, Flip enables cryptocurrency holders to seamlessly exchange their cryptocurrency for US dollars and store that value on a contactless payment device that can be used to make purchases at millions of retail locations.  https://www.fliptopay.com/




Genesis Exchange and Wallet App by Genesis Blockchain Technologies ( GBT)
@GenesisBlockch  , @GbtTechnologies
GBT is a powerful cryptocurrency centralized / decentralized exchange which will include a broad range of services and benefits from cryptocurrency and blockchain markets development, while avoiding complications and risks arising from crytocurrency ownership, transfer, and exchange.You can Download the Genesis Exchange and Wallet App at Google Play and on the Apple App Store. Learn more at  http://www.mygenesis.io



More info on the sector:
Investor Ideas is positioning as a  leader in blockchain and crypto content with its Bitcoin and Blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com and Blockchaininvestorideas.com

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and  sector trends  from Investorideas.com with our news alerts , articles , podcasts and videos  talking about cannabis,  crypto,  technology including  AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change Podcast and  the AI Eye Podcast and column covering developments in AI. 

The Investorideas.com podcasts are also available on iTunes,  Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.

Visit the Podcast page at Investorideas.com:

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure: this newsletter and podcast is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip and GBT Technologies . More info: http://www.investorideas.com/About/News/Clientspecifics.asp
Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Cryptocurrency Disclaimer
Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

Copyright and ownership: Crypto Corner is an Investorideas.com content brand

Learn more about our news, PR and social media services at Investorideas.com

Follow us on Twitter https://twitter.com/Investorideas

Contact Investorideas.com
800-665-0411




Get more Bitcoin and Blockchain Investor ideas  – news, articles, podcasts and stock directories 
















Comments