In our “Stock” section, we cover news and developments related to traditional financial markets and publicly traded companies. Here you will find information about stock market trends, major companies, and the intersection between stocks, fintech, and cryptocurrencies. Read the “Stock” section on ForkNews to stay informed about movements in the global financial markets.
Decentralized cryptocurrency platform Bancor suspended operations on Monday, July 9, and is working to patch a vulnerability that allowed hackers to break into one of the exchange's wallets and steal more than $12 million in tokens.
According to the white paper, the next quarterly burning of BNB tokens is scheduled for July 18.
The collapse of the cryptocurrency market this year has brought bulls multibillion-dollar losses, but the world's largest crypto platform continues to make money.
Coinbase's partner in the Coinbase Custody project, an independent broker Electronic Transaction Clearing, was caught using funds entrusted to it by clients for its own interests.
Huobi is the fourth largest cryptocurrency exchange with a daily trading volume of $713 million, according to Coinmarketcap. Today, July 5, Singapore-based cryptocurrency exchange Huobi began trading on its new Australian platform.
Second-quarter numbers were down 9% from a record number of contracts of nearly a million per day in the first quarter of 2018.
The unprecedented pump of the Syscoin token forced the Binance exchange to suspend all transactions and begin checking the security of the Syscoin blockchain. This decision was made after the abnormal rise in the price of Syscoin, worth $0.453290 or 0.00004 BTC, to $6.23 million per token. Such a transaction could not go unnoticed and the price of Syscoin instantly jumped by 85%, to $0.5 and just as quickly dropped to $0.28 after trading closed.
One of the most popular cryptocurrency exchanges, Kraken, has published a short response to a recent Bloomberg article about the Tether (USDT) cryptocurrency. The authors of the article claimed that the price of Tether was being manipulated on the Kraken crypto exchange, citing “unusually precise order sizes” and the fact that “huge trades affect the price of the currency in the same way as small ones.”
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