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Cryptocurrency Daily Roundup - Jun. 20

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Cryptocurrencies are deep in red Wednesday morning after market sentiment was hurt by the news that the South Korean crypto exchange Bithumb announced that over $30 million worth of coins were stolen in a hacking incident.

Overall cryptocurrency market cap was $286.47 billion at around 9.34 am ET on CoinMarketCap.

Here is wrap of the main news from the cryptocurrency and blockchain world over the past 24 hours.

S. Korean Crypto Exchange Bithumb Says $30 Mln Coins Stolen In Hack

South Korean cryptocurrency exchange Bithumb lost coins worth around $30 million in hacking, following which it stopped all trading temporarily. While announcing the incident in Twitter posts, the world's sixth largest exchange by volume, urged customers not to make any deposits until further notification as it is changing wallet system. Read more...

Goldman Sachs CEO Blankfein: Bitcoin 'Is Not For Me', But May Succeed

Lloyd Blankfein, chief executive officer of the investment banking giant Goldman Sachs, said he is not into cryptocurrencies and was at a loss to explain why they should be successful as an asset class. In an interview at the Economic Club of New York, Blankfein said, "But if it [cryptocurrency] did work, I will be able to explain in hindsight why it did." Read more...

Europe's First Blockchain Accelerator For Startups Opens In Paris

France has launched Europe's first blockchain accelerator, Chain Accelerator, with a view to supporting new international blockchain startups. It is based in Paris' Station F, the largest startup campus in the world. The move is expected to make Paris a major hub for blockchain development. Read more...

New York Grants BitLicense To Payments Firm Square

The New York Department of Financial Services (NYDFS) has granted BitLicense, the license of virtual currency activities, to mobile payments firm Square, Inc. to offer Bitcoin trading to New Yorkers. Square said it will "provide New Yorkers with Cash App's quick and simple way to buy and sell bitcoin." Read more...

US Executive Branch Officials Required To Disclose Crypto Holdings

The U.S. Office of Government Ethics (OGE) has issued a legal advisory urging employees of the executive branch of the U.S. government to disclose their cryptocurrency holdings. OGE advised that filers must report their holdings in a virtual currency if its value exceeded $1,000 at the end of the reporting period or if the income produced by the virtual currency holding exceeded $200. Read more...

Swiss Dukascopy Bank To Open Corporate Accounts For Crypto Firms

Dukascopy Bank has become the second Swiss bank after Hypothekarbank, to welcome crypto brokers, crypto exchanges and crypto-related firms to open corporate accounts with the bank. This move is the second step in Dukascopy Bank's strategy towards becoming a crypto friendly Swiss bank. Earlier, in March, the bank had started offering CFD on Bitcoin. Read more...

Current Prices

As of 9.32 am ET on Wednesday, Bitcoin was down 0.86 percent at $6,717 and Ethereum was lower by 1.35 percent at $531.03 on Coinbase.

by Jyotsna VRTTNews Staff Writer

For comments and feedback: contact editorial@rttnews.com

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