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KuCoin crypto exchange hacked: damage exceeds $ 150 million
The KuCoin cryptocurrency exchange has undergone a hacker attack, representatives of the site said on their official blog. Fraudsters managed to get hold of private keys from hot wallets. From two of them, more than 11,484 ETH were transferred to an unknown person, and specialists also managed to trace the transfer in other tokens for a total of $ 150 million. It is worth noting that the head of the trading platform, Johnny Liu, declined to name the exact amount of the stolen funds.
The first regulated crypto exchange opens in Canada
Residents of Canada can now transact digital assets BTC and ETH using the services of the regulated trading platform Wealthsimple Crypto. The services are available through the platform’s mobile application.
ECB chief: digital euro is a supplement, but not a replacement for cash
The single digital currency of the European space will not be able to become a full replacement for cash, said the head of the European Central Bank (ECB) Christine Lagarde during the Franco-German parliamentary assembly.
Mike Novogratz: you need to buy bitcoin while it’s profitable
The head of the Galaxy Digital investment fund Mike Novogratz again calls on the public to pay attention to alternative means of payment and invest in cryptocurrencies at current price points, while it is profitable.
Central Bank of the Philippines is exploring the possibility of launching a national cryptoasset
The main financial regulator of the Philippines is studying the possibility of launching a national crypto-asset, writes Bloomberg. The head of the regulator, Benjamin Diokno, said that the distributed ledger technology, on the basis of which new assets are built, will help improve the mechanisms for providing financial services to the population and reduce the issue of banknotes.
Central Bank of China: digital yuan will help reduce dependence on dollar dominance
Representatives of the Chinese central bank called the issuance of national cryptocurrencies a “new battlefield”. In an article published in China Finance, they outlined the benefits of the digital yuan for the national financial system.
IDF researchers: Russians are not ready to transfer deposits to cryptocurrencies
Despite the difficult situation in the global economy and the uncertainty associated with the development of the second wave of coronavirus infection, Russians are in no hurry to transfer their assets to alternative means of investment.
By 2024, the EU will have a new set of rules to regulate cryptoassets
The European Union will develop a regulatory framework to regulate the cryptocurrency and blockchain industry by 2024.
India plans to ban crypto trading
The Indian authorities intend to legally prohibit the trade of digital assets. It is expected that the draft normative act will soon be discussed by representatives of the Council of Ministers, after which it will be sent to the national parliament, whose session will last until October 1. Bloomberg writes about this, citing sources familiar with the situation.
People’s Bank of China: digital yuan to be circulated nationwide
The main financial regulator of China continues dedicated work in the field of development in the national cryptocurrency and believes that after its implementation, it should be applied throughout the country. The deputy chairman of the regulator Fan Yifei noted in his article to Financial News that the asset under development will be positioned as M0, that is, as part of fiat money and will legally be comparable to the same standards as ordinary money.
