Day: June 21, 2018

Bitcoin Price Rebounds to $6,700, Market Adds $8 Billion in Recovery Bithumb Hack

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Yesterday, on June 20, more than $10 billion was erased from the cryptocurrency market after Bithumb, South Korea’s biggest cryptocurrency exchange was hacked. Today, the cryptocurrency market added $8 billion to its valuation following Bitcoin’s slight gain, recovering from the Bithumb hack within 24 hours. What’s Behind the Recovery? On June 20, major cryptocurrencies including Bitcoin, Ethereum, Ripple, and Bitcoin Cash fell by around 2 percent as the market fell slightly, led by the intensified downward movement of tokens and smaller cryptocurrencies. The minor correction was evidently triggered by the…

Bloomberg Terminal Adds Huobi’s Cryptocurrency Market Index

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Financial data firm Bloomberg is now providing the HB10 crypto market index launched by crypto exchange Huobi on its terminal service. The exchange said on Thursday that users of Bloomberg Terminal are now able to track the aggregated performance of the top-10 cryptocurrencies that are traded on Huobi Pro – now the third largest exchange in the world by trading volume, based on data from CoinMarketCap. Huobi launched HB10 index last month, which uses weighted samples to track a pool of top-10 crypto assets traded on its platform in real-time against…