There are hundreds of cryptocurrency news around the world every day, but below are some of the top news we are reading and following.
Bithumb Chairman summoned over alleged fraud
We hear that the Seoul Metropolitan Police Agency have summoned the Chairman of Bithum Lee Jung-hoon over alleged fraud y raiding the cryptocurrency exchange offices.
Bithumb is a South Korean cryptocurrency exchange which was founded in 2014 by Javier Sim.
It is the most influential digital currency exchange in the country with over 8 million registered users, 1M mobile app users and a current cumulative transaction volume has exceeded 1 trillion US dollars.
According to cointelegraph, the raid involved an alleged fraud involving Bithumb’s senior executives which necessitated the invitation of its chairman for questioning.
Timers’ Ongoing IPM Presale Will Help Tackle Challenges of the Next Industrial Revolution
In a press release a few hours ago by Timers Network, we gathered that a human’s intrinsic ‘time value’ is being used as a currency for trading, as IPM is the energy and very essence of all value creation.
That feat would be happening for the first time, a released published by news.bitcoin.com says.
It’s gathered that participants will benefit from up to 60% discount until 28th September 2020.
The $55M Hack That Almost Brought Ethereum Down
In a new book authored by Bloomberg News reporter Mathew Leising, “Out of the Ether: The Amazing Story of Ethereum and the $55 Million Heist That Almost Destroyed It All”, tells the story of the infamous DAO hack that almost ruined the world’s second-largest blockchain.
Recalled that in June 2016, a here-to-now unknown assailant (or assailants) began syphoning off funds from Ethereum’s first decentralized autonomous organization, or DAO, a bit of software that functions like a corporation. Weeks earlier the DAO went live, following a $150 million crowd sale.
Mathew Leising in highlighting some of the circumstances surrounding the hack and it affects enthusiasts around the World.
Mathew Leising’s book examines the blockchain data, following through on cryptic tips and ultimately tracing a path towards his leading suspect in a report by coindesk.
VeChain to Supply Blockchain Tech for Chinese Food Safety Group
In another crypto news, we heard that VeChain Foundation has become the first blockchain-based entity to join the China Animal Health and Food Safety Alliance (CAFA).
On Thursday, VeChain Foundation in a medium blog post announced that VeChain will be joining the 130 strong member group as its only public blockchain technology provider, and will further provide technical and infrastructural support for member firms.
CAFA is a government-backed organization that falls within the purview of the Ministry of Agriculture of the People’s Republic of China and includes of some of the world’s most recognizable brands such as MacDonald’s and IBM.
There you have it, the above are some of the top cryptocurrency news we’re reading today, Friday, September 18, 2020
What are you reading? Share your thoughts with us.