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The leading cryptocurrency exchange in the United States announced that it will stop listing 82 altcoins by March 30. Bittrex warned its users that funds in these types of cryptocurrencies can be withdrawn from wallets until the end of the month, after which such funds will not be available.
Although the cryptocurrency industry is maturing and taking the necessary steps to integrate with the traditional banking and financial system, it is still in the “Wild West” phase. Due to the lack of regulation and consumer protection in the cryptocurrency markets, there is still ample opportunity for fraudulent and manipulative schemes such as pump and dump.
Lately, the news about cryptocurrencies and regulators has been quite bleak, but there has been some good news as well. The UK's Financial Conduct Authority (FCA) has granted Coinbase a license to operate digital money services.
Golix representatives reported that over the past three weeks, customer accounts have been compromised through a series of hacker attacks, Pindula News writes. The total value of the cryptocurrency fell by as much as $25 billion in one day.
Various sources report that the site was unavailable for more than three days due to a bug that gave users the opportunity to withdraw BTC from their accounts twice. The company's losses are estimated at $270,000.
On March 12, representatives of the exchange published information that, indeed, they would pay compensation at the rate of 88,549 Japanese yen ($0.83) for each NEM. Let us remind you that on January 26, the exchange was hacked by hackers who withdrew 260,000 NEM for a total of $523 million.
The most important issue that concerns the crypto community today is the reason for the sharp decline in the market. One of the culprits is believed to be Nobuyaki Kobayashi, a trustee of the Mt.Gox exchange.
Last week was marked by unprecedented trading activity for the popular exchange Binance due to a hacker attack. Although the scammers were not able to hack the site, its representatives saw this as an alarming signal. After this, they announced that they were willing to pay BNB equivalent to $250,000 for information about the scammers, according to the exchange’s blog.
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