Top Stories This WeekHackers Withdraw 7,000 Bitcoins in Binance Crypto Exchange Security BreachBinance, one of the largest cryptocurrency exchanges by daily trade volume, experienced a security breach this week, losing a little over 7,000 bitcoins.
CEO Changpeng Zhao stated at the time that the bitcoins were withdrawn from its hot wallets, which contain only 2% of the exchange's total bitcoin holdings.
CZ devoted a live AMA on Twitter to address community concerns in the wake of the hack, also discussing the idea of a Bitcoin chain reorganization.
Bloomberg Report: Fidelity Will Start Institutional Bitcoin Trading Within WeeksUnited States $7 trillion investment firm Fidelity will reportedly roll out bitcoin trading for institutional clients in the coming weeks, an unnamed source told Bloomberg.
Fidelity has not itself confirmed the time frame of the service offering, but did hint that its future direction would only involve more integration with the bitcoin space.
"I eventually want to have a fund where I take in bitcoin and I fund everybody in bitcoin and they pay their employees and suppliers in bitcoin and then I pay my investors in bitcoin.
Prediction of the WeekGalaxy Digital CEO Michael Novogratz: Bitcoin Should Cross $20,000 Within 18 MonthsMichael Novogratz, Galaxy Digital CEO, predicted this week that in his opinion, bitcoin will beat its all-time-high price within 18 months.
FUD of the WeekUS Court Orders Craig Wright to Provide Bitcoin Ownership RecordsThe United States District Court of the Southern District of Florida issued an order this week that requires Craig Wright, the self-proclaimed Satoshi Nakamoto, to provide a list of his public bitcoin addresses.
The court's order is part of a continuing case against Wright that has been filed by the estate of computer scientist David Kleiman over Wright's purported thefts of hundreds of thousands of BTC. The plaintiffs had requested that the court make Wright turn over a list of the public addresses of bitcoin he owned as of Dec. 31, 2013, as well as identify all bitcoin allegedly transferred to a blind trust in 2011.Chinese Social Media Giant WeChat Bans Crypto Transactions in Its Payment PolicyChinese social media giant and payment service provider WeChat banned cryptocurrency transactions in its payments policy this week.
"It's like being on the internet; so people can spin out and they can start owning bitcoin, they can start owning ether.
Hodler's Digest, May 6-12: Top Stories, Price Movements, Quotes and FUD of the Week
Published on May 12, 2019
by Cointele | Published on Coinage
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