Crypto news

$50M of ETH Stolen, ‘Rare Opportunity’ for BTC: Hodler’s Digest, Nov. 25–Dec. 1

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.

Crypto exchange Upbit confirms theft of 342,000 ETHAnother week, another hack — leaving us all with a distinct sense of déjà vu. On Wednesday, the major South Korean crypto exchange Upbit confirmed that a whopping 342,000 Ether (ETH) had been stolen from its hot wallet — funds worth an estimated $50 million at the time of writing. The company stopped short of describing the incident as a hack and said that all remaining crypto assets have since been moved into cold storage. Deposits and withdrawals are going to be suspended for at least two weeks, and Upbit said corporate funds will be used to protect user assets. In recent days, rumors have been swirling that the incident could have been an inside job.

Indian government to issue national blockchain strategyChina: Five crypto exchanges halt or shut services amid perceived crackdownRussia reportedly considers ban on using crypto as a means of paymentAfrica “will define” the future of , Twitter CEO Jack Dorsey saysPlanB: “Rare opportunity” can see Bitcoin price hit $10,000 in DecemberReport: Cybercriminals are using YouTube to install cryptojacking malwareBitcoin life lesson: User forgets “brain wallet” worth $13 millionEx-Hollywood executive admits to embezzling $22 million to buy crypto and gambleBRICS nations discuss shared crypto to break away from USD and SWIFTBlockstream CEO: “Nothing is above Bitcoin, no CBDC, no stablecoins”Here’s where to spend crypto online this Black FridayContinue Reading on Coin Telegraph

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