#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 and Delta, BC - June 20, 2018 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news reports on what's driving the cryptocurrency markets with today's edition of Crypto Corner.
Crypto Corner - June 20, 2018
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
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/
View our growing Bitcoin, Blockchain and Digital Currency Stocks Directory
Join our LinkedIn Group Blockchain and Digital Currency Stocks and ICO's - Latest News and Commentary https://www.linkedin.com/groups/13560073
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 investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. 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. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp. Disclosure: this newsletter is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip and GoverMedia Plus Canada Corp. (CSE: MPLS). More info: http://www.investorideas.com/About/News/Clientspecifics.asp
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.