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Bearish breakout of two-week consolidation pushes altcoin prices to downside target levels
Japanese cryptocurrency exchange Coincheck continues to struggle for financial stability after becoming the victim of the largest hacker attack in the history of the crypto industry earlier this year. However, the company has so far reported losses totaling more than $5 million for Q3 2018.
According to a study published Monday in the scientific journal Nature Climate Change, if Bitcoin adoption occurs at the same rate as credit card adoption, global temperatures will rise by 2 degrees by 2033.
The Securities and Exchange Commission of Thailand (SEC) has issued a warning to investors against investing their money in initial coin offerings (ICOs) that are not approved by the SEC. The financial regulator announced the investment risk of participating in ICOs, which are promoted through a variety of online media and are not accredited and licensed by the SEC.
Canadian crypto exchange MapleChange announced on Twitter that it had been hacked and went offline. There is nothing to reimburse user funds, so the site has completely ceased operations.
Yesterday, the major cryptocurrency pairs left the narrowing consolidation range and broke through the lower support lines to record their first weekly lows.
One of the largest mining companies in Europe, Bitfury, is considering the possibility of becoming public. Company representatives are in talks with several global investment banks and plan to begin trading in Amsterdam, London or Hong Kong in 2019. An IPO could help the company reach a valuation of $3-5 billion.
According to experts, attempts to tame the “wild west” of cryptocurrencies could lead to negative consequences for the British fintech market. The chief executive of the British Business Federation Authority, Patrick Currie, said that inappropriate regulations could force digital platforms to leave the country, damaging the UK's business reputation.
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