SOUTH KOREAN BITHUMB EXCHANGE WAS HACKED
The major South Korean exchange Bithumb was hacked and $31 million were stolen. It seems that the exchange’s Ripple wallet was targeted. Bithumb stated that affected clients will be compensated from the exchange’s reserves. The exchange also made assurance about the safety of user funds.
AUDIT SHOWS TETHER HAS SUFFICIENT USD RESERVES
Tether announced that an inspection of their US Dollar bank holdings by a law firm has proven that full Dollar backing exists for all issued Tether coins. As of the 1st of June, Tether’s fiat holdings exceeded the number of Tethers. Although short of a full audit, this report should dispel some of the doubt surrounding Tether’s financial situation.
Another news,
SLOVENIA IS OPENING A BITCOIN-CITY
The central European nation of Slovenia is opening a so-called “Bitcoin City” in its capital Ljubljana. The region will house over 450 cryptocurrency-accepting shops and span 250,000 square meters. Facilities will include bars, restaurants, waterparks, cinemas and swimming pools.
What do you think, is bitcoin price has fallen because of Bithumb hack?
Comment your opinion.