30 Second Cryptocurrency Price Summary
Current Bitcoin Price: $7,553
Bitcoin has made a strong recovery over the last day of trading, with a convincing 8% surge to the upside.
Top Stories for November 28, 2019
UpBit official Lee Seok-Woo has confirmed that yesterday’s unexpected move of $79m in exchange user funds was indeed the result of a hack.
The exchange has stated that it will cover lost funds with corporate assets, and that all assets currently held in hot wallets has been moved into cold storage.
Deposits and withdrawals on UpBit have been halted, and may take over two weeks to resume.
The Indian government is drafting a national-level blockchain framework, according to the minister of state for electronics and information technology.
The framework will cover the potential for blockchain and ledger technologies, and outline the requirement for shared infrastructure in the sector.
Theft of cryptocurrency in the first nine months of this year has more than doubled total losses in 2018, highlighting the increasing allure of the industry to hackers.
The biggest single instance of theft this year came from PlusToken, an alleged Ponzi scheme.
The post UpBit Hack Confirmed, Over 340,000 Ethereum Coins Stolen – November 28 appeared first on BitcoinPrice.com.