Month: March 2019

Former IBM and Cisco Executive Tom Noonan to Join Bakkt as Chairman of Board

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Kelly Loeffler, the CEO of institutional trading platform Bakkt, announced that former cybersecurity expert at IBM, Cisco and Endgame Tom Noonan will become the chairman of its board of directors. The development was reported in a Medium post published on March 29. Per the announcement, the founder, chairman and CEO of the Intercontinental Exchange (ICE) and chairman of the New York Stock Exchange (NYSE) Jeff Sprecher is also joining the board of directors of the company. Alongside him, the post further welcomes Softbank managing partner Akshay Naheta and managing partner…

Bitcoin (BTC) Price Following Steady Uptrend, Dips Remain Attractive

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Bitcoin price climbed higher and broke the $4,100 resistance area against the US Dollar. The price corrected lower recently, but the $4,040 level acted as a strong support. There is a crucial ascending channel in place with support at $4,060 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains supported on the downside and it could bounce back above $4,100 in the near term. Bitcoin price is following a steady uptrend above $4,000 against the US Dollar. BTC corrected lower recently, but it remains…

$13 Million in EOS, 20 Million XRP On the Move

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Bithumb was hacked for the second time in less than a year as attackers managed to steal 3 million EOS coins and 20 million XRP. The subsequent laundering of the $21 million dollar haul was then tracked in real time by a twitter analyst, as the hacker swapped the tainted coins for other cryptocurrencies on non-KYC exchanges. Bithumb hacked again: 3 million EOS gone! The news broke late on Saturday morning (UST) as crypto entrepreneur and analyst Dovey Wan relayed reports apparently coming from a security firm who were auditing…

Book Flights and Hotels With BCH and 6 Other Coins at Bitcoin.Travel

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The number of travel websites accepting cryptocurrencies has been growing with the popularity of digital coins. One well-established platform, Bitcoin.travel, now supports payments in seven cryptos, including bitcoin cash (BCH). Also read: Cryptojobs Is a Platform With 1,300 Vacancies in the Cryptocurrency Industry Travel Anywhere, Pay in Crypto Bitcoin.travel works with businesses from the travel industry willing to accept decentralized digital currencies for their services. On the platform, which is available in dozens of languages, users can search for flights, hotels and rentals offered by numerous partners around the world.…

OmiseGo Denies Acquisition by Thailand’s Biggest Private Company

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Hasegawa Jun, the founder of Omise — the company behind OmiseGo (OMG) — denied the recent acquisition rumors in correspondence to Cointelegraph Japan on March 30. On March 29, cryptocurrency news outlet The Block Crypto reported that Charoen Pokphand Group, Thailand’s largest private company, had acquired Omise for $150 million. Shortly afterward, Omise answered an inquiry by Cointelegraph Japan, denying the rumors. In his correspondence with Cointelegraph, Jun further noted that he requests The Block to immediately remove the story, publish an apology statement and issue a correction to the…

Crypto Exchange Bithumb Hacked for $13 Million in Suspected Insider Job

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South Korean crypto exchange Bithumb has had around $13 million in the EOS cryptocurrency stolen in a hack it suspects was an insider job. The company confirmed in statement on Saturday that it first spotted an “abnormal withdrawal” of the cryptocurrency through its monitoring system at 22:00 Korean time (13:00 UTC) on Friday, March 29. The exchange suspended asset withdrawals and deposits on the platform after noticing the breach. Bithumb stated: “All the [stolen] cryptocurrency is owned by the company, and all members’ assets are under the protection of a cold wallet.”…

Crypto Exchange Bithumb Reportedly Hacked

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Today, March 30, crypto exchange Bithumb posted on Twitter that their cryptocurrency withdrawals and deposits have temporarily been paused. In an explanation linked to the tweet, the exchange writes that at 10:15 (time zone unknown) on the 29th, they detected what they describe as abnormal withdrawals through their monitoring system. The exchange continues that they have “secured all the cryptocurrency from the detection time with a cold wallet and checked them by blocking deposit and withdrawal service.” According to the translated note, the incident was an “accident involving insiders” and…

Was Bithumb Hacked For Millions Worth Of Crypto? EOS Blockchain Suggests So

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Months after the Cryptopia debacle and mere days after the DragonEx imbroglio, reports and blockchain data suggest that Bithumb, South Korea’s largest crypto exchange has been hacked (yet again) for a large amount of EOS and potentially XRP. The last time the Korean exchange was attacked, it lost approximately $30 million ($14 million of which was later recovered) and was mandated to shutter its deposit and withdrawal services for months. Related Reading: Breaking News: Bithumb Hacked For $30 Million In Cryptocurrencies, Market Drops Bithumb Hacked Again, This Time For $10…

Ethereum (ETH) Price Analysis: $150 On The Horizon?

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ETH price extended upsides and gained bullish momentum above the $140 resistance against the US Dollar. The price even broke the $144 level and traded close to the $146 level before correcting lower. There is a key connecting bullish trend line formed with support above $143 on the hourly chart of ETH/USD (data feed via Kraken). There could be a downside correction, but the $141-142 support area is likely to act as a strong support. Ethereum price is moving nicely in a positive trend against the US Dollar and bitcoin.…