Upbit Becomes The Latest Exchange To Be Hacked As $50 Million In Ether Is Stolen

South Korean-based Upbit has become the latest major exchange to be hacked. A thief has stolen 342,000 Ether worth USD $50 million. The exchange has stated that the stolen cryptocurrency did not come from user funds, and that all deposits and withdrawals will be suspended for at least two weeks. As this attack is far […]

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Scalability Enhancements Kept Bitcoin Decentralized: BitMex Research

Bitcoin (BTC) node synchronization would be impossible if it were not for the improvements that have been made to the software, according to the research arm of crypto exchange BitMex. BitMex Research measured the Initial Block Download (IBD) times of Bitcoin Core software releases from 2012 to 2019 needed to download the blockchain and verify […]

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Battleborn Shutting Down Showcases Problem With Online Games

Battleborn is a free-to-play online FPS game. Battleborn is being fully shut down in 2021. This shows that online-dependent games have less value than offline ones. Battleborn is an online FPS game with a heavy focus on a colorful cast of characters. It released back in 2016 and was trying to capitalize on the massive […]

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Monetary Authority of Singapore May Allow Crypto-Based Derivatives

Singapore’s budgetary controller has proposed green-lighting crypto-token subsidiaries to rundown and exchange on affirmed residential trades. Under the proposition, exchanging of subsidiaries on basic cryptocurrencies like Bitcoin and Ether will be dependent upon the Securities and Futures Act. The MAS distributed a discussion paper, looking to green-light what it calls “payment token derivatives” for posting […]

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Bitcoin Drops to $7,000 as China Vows to ‘Dispose of’ Local Exchanges

Cryptocurrency exchanges operating illegally in China face a new threat after the central bank announced it would take new steps to uphold its trading ban. In a statement on Nov. 21, the People’s Bank of China (PBoC) warned it was taking action against entities allegedly involved in trading cryptocurrencies such as Bitcoin (BTC). PBoC: Exchanges […]

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