In late March, major South Korean cryptocurrency exchange Bithumb lost around $18 million as a result of a hack. While the details are still sketchy — for instance, it is unclear whether or not it was an inside job, as Bithumb initially claimed — a large portion of the stolen funds have been frozen by various exchanges who received them from hackers attempting to sell the loot. However, despite Bithumb stressing that the hijacked assets belonged to the company and not to its clients, the customers still can’t access their funds, since withdrawals and deposits have been disabled as part …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Bitcoin’s dominance has increased from just below 50% in early-April to 52.3%. This suggests that the focus is back on Bitcoin after the initial rally by the altcoins from the lows. As long as the leader stays strong, the recovery is on track. While Bakkt is more institution oriented, LedgerX the United States-regulated crypto …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The research arm of Binance believes that cryptocurrency markets have bottomed out, after studying data from 2014–2019. They also found that the total institutional holding in the crypto market was about 7% of total supply. Endowments are making the most of the bear market in cryptocurrencies. In 2018, 94% of endowments allocated money to …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The International Monetary Fund and the World Bank have launched a private blockchain and quasi-cryptocurrency to bridge the gap between its employees and the blockchain technology. The cryptocurrency will be called “Learning Coin” and will have no monetary value, but the staff will earn these coins after reaching certain educational milestones. The developers …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The launch of the eagerly awaited platform Bakkt has been postponed a few times, but the firm has continued to focus on building its team. It recently hired a former engineering executive at PayPal and Google as its chief product officer. These appointments show that the firm is able to attract talent from the …

Friday, April 12 — most of the top 20 cryptocurrencies are reporting slight to moderate gains on the day by press time, as Bitcoin (BTC) approaches the $5,100 mark. Market visualization courtesy of Coin360 Bitcoin’s price is up close to half a percent on the day, trading at around $5,085 by press time, according to CoinMarketCap. Looking at its weekly chart, the current price is close to two percent higher than the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap Today Fundstrat Global Advisors founder Thomas Lee pointed out that the Bitcoin Misery Index reached …

Blockchain-powered freelancers marketplace Moonlighting is set to migrate its 700,000 user accounts to Eos (EOS) developer Block.one’s Eos.io protocol. The development was announced in a press release shared with Cointelegraph on April 11. Moonlighting’s move comes as part of a new strategic partnership with Block.one’s venture capital fund Eos VC Fund and fintech incubator and VC fund FinLab AG. A joint venture between the two funds, FinLab Eos VC Fund, led a $5 million investment round to back Moonlighting’s move to the Eos blockchain and grow its user base, Coindesk further reports. The press release specifies that the new partnership …

A report released on April 9 by DApp (Decentralized Application) analytics website DApp.com reveals that Tron (TRX) has the fastest growing DApp user base while Ethereum’s (ETH) DApp user base is shrinking. On the Ethereum chain, there was a 4 percent decrease in the number of DApp users compared to last year. About 72,422 old users are still using Ethereum-based DApps in 2019. Decentralized Exchanges (DEXs) are responsible for more than half of the ETH DApp transaction volume, followed by gambling apps. Also, gamers were reportedly the most active ETH DApp users, with over 40 percent of the daily active …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The smart money sells when the whole market and especially the retail players are overly bullish. Similarly, these large players enter the markets when the sentiment is bearish and people are waiting to dump their positions. After the extended bear market and huge erosion in prices, retail traders are wary of entering the crypto …

Charles Hoskinson, the co-founder of Ethereum (ETH) and IOHK, the company behind Cardano (ADA), has criticized Ethereum and EOS’s approach to development. Hoskinson made his comments during an interview with business news outlet Fortune published on April 9. During the interview, Hoskinson noted that most protocols publish all their code open source and free from patents, explaining that ideas which Cardano or most other crypto development teams come up with can be used by other teams. This, he claims, is different from EOS’s approach and the way in which Ethereum’s Proof-of-Stake (PoS) algorithm Casper is being developed: “This is a …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. After the recent rally from the lows, one indicator has reached overbought levels last seen in Dec. 2017, according to Bloomberg Intelligence analyst Mike McGlone. Historically, such overbought levels have resulted in multi-week downturns and McGlone expects one to start after the recent up-move. Many times, the signals provided by the indicators turn out …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Google searches for Bitcoin tripled as its price skyrocketed on Apr. 02. This shows that interest in cryptocurrencies is still high. If prices recover, a large number of traders sitting on the sidelines will jump onto the crypto bandwagon. Though the rebound is a bullish sign, for it to be sustainable, Bitcoin needs …