BitCoin Update


Korea's Largest Bitcoin Exchange Sells Stake in $350 Million Deal

Korea's Largest Bitcoin Exchange Sells Stake in $350 Million Deal

Bithumb, currently the largest cryptocurrency exchange in South Korea by trading volume, just confirmed it has sold more than 38 percent of its total ownership to a blockchain consortium based in Singapore, for 400 billion won, or $350 million. As reported by CoinDesk Korea, Bithumb confirmed the deal was signed on Oct. 11 with BK Global Consortium, a blockchain investment firm formed by BK Global, a plastic surgery medical group in Singapore.
Binance will disclose listing fees and donate them to its own charity

Binance will disclose listing fees and donate them to its own charity

The biggest cryptocurrency exchange wants to make its coin listing process a bit less sketchy. In a Medium post on Monday, the company said that moving forward it would disclose fees that arise in the process of getting a coin listed on the exchange and donate all listing fees to charity. Specifically, its own charity: Blockchain Charity Foundation, “a not-for-profit organization dedicated to the advancement of blockchain-enabled philanthropy towards achieving global sustainable development.”
Crypto Markets Stay Mostly Stagnant Despite This Week’s Major News for Industry

Crypto Markets Stay Mostly Stagnant Despite This Week’s Major News for Industry

Saturday, Oct. 6: crypto markets keep remain fairly stable on the day, despite this week’s major news in the industry, including institutional investments and an update from the SEC on their highly-anticipated Bitcoin ETF decisions.
Russian government hackers mined bitcoin to fund attacks

Russian government hackers mined bitcoin to fund attacks

People are definitely spending bitcoin, just maybe not the kind of people proponents of cryptocurrency adoption had in mind.  A lengthy indictment from the Justice Department dropped today, accusing seven Russian intelligence officers of conspiring to hack anti-doping agencies around the world in retaliation for their efforts to expose Russian athletic doping. And, at least according to the US officials, the GRU hacking group mined bitcoin to fund its efforts. 
'Bitcoin Bug' Exploited on Crypto Fork as Attacker Prints 235 Million Pigeoncoins

'Bitcoin Bug' Exploited on Crypto Fork as Attacker Prints 235 Million Pigeoncoins

A severe bug discovered just weeks ago in bitcoin's code has been exploited – albeit on a lesser-known cryptocurrency. The developers behind the Pigeoncoin cryptocurrency confirmed the exploit to CoinDesk on Tuesday, reporting that an unknown attacker successfully took advantage of the bug on September 26th, showcasing in the wild how it could have been used on bitcoin by printing 235 million coins worth about $15,000.
Coke’s on the blockchain now

Coke’s on the blockchain now

A hardware hacker from Brasil has developed an automated vending machine that delivers Coca-Cola in exchange for Bitcoin. But don’t get your hopes up, it’ll probably be a while before we see these in the wild.
Massive 'Inevitable' Bitcoin Prediction Made By Malta's Prime Minister

Massive 'Inevitable' Bitcoin Prediction Made By Malta's Prime Minister

“I passionately believe technology revolutionizes and improves systems," said Muscat. "This is why in Malta, we have launched ourselves as the blockchain island.
Crypto giant Binance looks to the future with fiat trading and a decentralized exchange

Crypto giant Binance looks to the future with fiat trading and a decentralized exchange

Binance, the one-year-old startup that appeared from nowhere to become the world’s top crypto exchange, is making major moves as it enters the next phase of its business. That includes a plan to offer fiat-to-crypto trading in international markets and the release of a decentralized exchange to complement its current trading site.
5 Members of Congress ‘Strongly Urge’ IRS to Update Bitcoin Tax Guidelines

5 Members of Congress ‘Strongly Urge’ IRS to Update Bitcoin Tax Guidelines

A group of U.S. legislators has asked the Internal Revenue Service (IRS) to provide updated guidelines on how taxpayers should report profits associated with investing in bitcoin and other cryptocurrency assets.
Mystery of the $2 Billion Bitcoin Whale That Fueled a Selloff

Mystery of the $2 Billion Bitcoin Whale That Fueled a Selloff

When Bitcoin plunged as much as 15 percent over two days last week, a theory emerged -- where else? -- on the Internet: a whale was on the move. Speculation mounted that a major holder of cryptocurrency with an electronic wallet that dated back to 2011 -- long before anyone had heard of HODL -- was moving to sell.


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