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đź—ž Breaking news on Cryptocurrency, Wall Street, Business policy Financial and Economic issues and more
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​​Kucoin Hacked for $150 Million in Bitcoin; Bitfinex and Tether Freeze $33 Million of the Stolen Funds
Cryptocurrency exchange Kucoin may have been hacked for $150 million in bitcoin and multiple ERC20 tokens.
The Singapore-based exchange confirmed the September 25 security breach, but did not disclose the amount stolen.
“Bitcoin, ERC-20 and, other tokens in Kucoin’s^wallets were transferred out of the exchange,” said Kucoin in an update on Saturday.
Meanwhile, Bitfinex and Tether, issu
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​​Dollar rises after Fed's Evans comments on quantitative easing
NEW YORK (Reuters) - The dollar rose to an eight-week high on Tuesday, after a top Federal Reserve official struck a hawkish tone by mentioning the prospect of raising rates, further entrenching investors who were already in a risk-off mood.
The euro touched an eight-week low against the dollar before paring losses, while the Swiss franc fell to a seven-week trough. Sterling hovered around a two-month low on worries about the imp
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​​Analyst: 1,500 Bitcoins Lost Every Day, Less Than 14 Million Coins Will Ever Circulate
A cryptocurrency analyst, Timothy Peterson claims that 1,500 bitcoins are lost each day meaning only 14 million BTC will ever circulate. The figure is at odds with the estimate of many organizations including Markets.bitcoin.com which place the figure at 18.5 million coins.
Still, Peterson, who is the CAIA Manager at Cane Island Alternative Advisors, argues the merits of his assertions by pointing to how t
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