Upbit Becomes The Latest Exchange To Be Hacked As $50 Million In Ether Is Stolen

South Korean-based Upbit has become the latest major exchange to be hacked. A thief has stolen 342,000 Ether worth USD $50 million. The exchange has stated that the stolen cryptocurrency did not come from user funds, and that all deposits and withdrawals will be suspended for at least two weeks. As this attack is far […]

Continue Reading

US Fed Weighs Up Potential CBDC as Countermove Against China

Where just a handful of years ago, the idea would have been immediately dismissed or even met with ridicule, the United States Federal Reserve is now taking the concept of an official dollar stablecoin seriously. Markets have heard more frequent guidance from the Fed on cryptocurrencies in recent years, and thanks to two curious U.S. […]

Continue Reading

Upbit Promises Swift Reimbursement, Theories Over Missing Funds Swell

On Nov. 27, major South Korean cryptocurrency exchange Upbit announced that 342,000 Ether (ETH), accounting for roughly $50 million, were stolen from its hot wallet earlier that day. Details remain vague, and some users are suggesting an inside job, although experts are skeptical of the theory after analyzing the incident. The platform’s operator has promised […]

Continue Reading

Crypto Markets Are Turning Green, Bitcoin Recovers Above $7,500

Wednesday, Nov. 27 — Crypto markets continue to improve, with Bitcoin (BTC) showing signs of recovery as it finds its way back above the $7,500 price mark. Cryptocurrency market daily overview. Source: Coin360 Bitcoin started the day at $7,190, at which point the world’s largest crypto coin found an intra-day low of $6,900 before moving up […]

Continue Reading

All You Steelers Fans Who Stanned Mason Rudolph Should Feel Dumb

Now that Mason Rudolph has been unceremoniously ejected from the top quarterback slot on the Steelers depth chart, all you Pittsburgh fans who stanned for him earlier in the season should feel really stupid. No, Steeler Nation, we haven’t forgotten the cynical manner in which you heaped Ben Roethlisberger into the garbage pile following his […]

Continue Reading