Jul 12, 2019
12 Views
0 0

Bitcoin (BTC) Absorbs Sell Pressure, Will $11,200 Hold?

Written by

  • Bitcoin (BTC) up 2.8 percent
  • Hackers strike Bitpoint, user funds stolen

Bitpoint is the latest Japanese exchange to lose customer funds through a hack. In an announcement, the exchange said it lost $32 million worth of Bitcoin, Litecoin and other coins stored in their hot wallet. At the time of press, BTC is up 2.8 percent.

Fundamentals

Japan is known for its flexibility. As one of the early adopters, Japanese regulators are firm on their oversight. Formulating and implementing consumer-centric laws, the Financial Services Agency (FSA) has the best interest of digital asset investors in the country. And this is understandable. From the world’s rustling Mt Gox hack and the recent Coincheck heist where investors cumulatively lost more than $800 million, the FSA must be stringent.

READ IN FULL

Article Categories:
News · NewsBTC

Leave a Reply

Your email address will not be published. Required fields are marked *