Crypto prices weaker, stolen funds can reach $1.5 billion in 2018

Posted 04 July, 2018

Cryptocurrencies have weakened by the middle of the week. According to the released reports, in H1 2018 the global exchanges lost 3-fold more than over the full 2017.

Prices for Bitcoin on the Bitfinex were at $6,533 this morning; Ethereum on this platform was quoted at $466. At the same time, Ripple on the Poloniex dropped to some 0.48600. Litecoin changed hands at $85.040.

The US-based crypto security company CipherTrace reported that it has been stolen via cryptos three times as much as a year before in 2018. Specifically, the statistics show that the stolen funds amount to $761 million in total ($266 million over 2017).

The company believes that this sum can reach even to $1.5 billion this year. As the company CEO told the media, with increasing crimes in the crypto segment, law enforcement bodies and regulators took notice of this market worldwide.

For reference, Japan's Financial Services Agency ordered six crypto exchanges to improve their businesses. At the same time, South Korea's Bithumb was hacked in June as well. As a result, the platform lost $31.5 million.

Digital coins have been depressed lately. In particular, Bitcoin plunged by around 70% from its all-time peak of $20,000.

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04 July, 2018 13:18

← 40% of UK sandbox participants said to use blockchain in business

UK Financial Conduct Authority has released the list of the companies that will take part in its sandbox. The list contains 29 companies, with 40% of them running the business on blockchain technology. FCA sandbox is the project aimed at helping the companies to trial their services in the market. Meanwhile, the authority will protect customers and not restrain the participants.

40% of UK sandbox participants said to use blockchain in business

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04 July, 2018 10:39

US dollar weaker vs yen and euro at Asian session →

The US dollar has decreased against the euro and yen at the Asian session. US markets are closed for the Independence Day celebration today. ICE index dipped by some 0.1%. This morning the euro-to-US dollar exchange rate rose to $1.1678 ($1.1658 a day before). The greenback has also lost positions vs the yen reaching 110.37 (110.59). Meanwhile, the euro to yen rate stayed at about 128.93 (128.93 yesterday).

US dollar weaker vs yen and euro at Asian session
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