Thursday, September 20, 2018

Exchange Hacked / Volatility / Eternal Blue / Crypto Cars

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$BTC (12:52 p.m. EST): $6,431.53 (1.28%) // 90-day high: $8,245.16 // 90-day low: $5,889.64/ / More

$BCH (12:53 p.m. EST): $431.46 (1.24%) // 90-day high: $872.84// 90-day low: $420.58 // More

$ETH (12:53 p.m. EST): $211.49 (0.99%) // 90-day high: $531.53 // 90-day low: $171.58 // More

$LTC (12:54 p.m. EST): $54.54 (1.55%) // 90-day high: $107.31 // 90-day low: $49.35 // More

$XRP (12:54 p.m. EST): $0.37 (15.53%) // 90-day high: $0.57 // 90-day low: $0.22 // More

Here are the 10 most important stories about bitcoin and cryptocurrencies today

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1. Zaif, a Japan-based cryptocurrency exchange, was hacked and reportedly lost more than $60 million in cryptocurrency. The hack, which was announced Thursday, reportedly happened last Friday. The hackers stole bitcoin, bitcoin cash, and monacoin from the platform's hot wallet. About $20 million in coins belonged to the exchange, while the rest came from customers. Zaif did not specify how the attack happened. The exchange is expected to refund customers. –BITCOINIST

Japanese exchange Zaif hacked for $60 million
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2. Bitcoin's price quickly dropped $200 on Wednesday, before immediately rising $400. The price swings all came within an hour's time. The moves coincided within minutes of a Cboe Bitcoin Future expiration. Bitcoin futures expiration have shown as having a turbulent effect on the price of the underlying cryptocurrency. –COINDESK

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3. Hackers have been able to illegally generate bitcoin, monero, and other cryptocurrencies through a software flaw leaked by the National Security Agency. The Cyber Threat Alliance said in a new report that hackers have taken advantage of a leak of Eternal Blue, a tool used to exploit vulnerabilities in outdated Microsoft software. Hackers can use to the tool to commandeer computer powers to generate digital currency. Eternal Blue was stolen from the NSA and leaded last year by a hacking group that calls itself the Shadow Brokers. –BLOOMBERG

Hacked NSA tool used to illegally create crypto
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4. Meet CyClean, a Singapore-based startup that is launching a fleet of blockchain-enabled electric vehicles that mine cryptocurrency as they drive. The goal of the vehicles is to reward users who purchase or rent these vehicles with cryptocurrency. CyClean vehicles will include a special chip that connects to the company's server. The chip tracks how far the car travels or the watts generated and reward the user accordingly. –COIN TELEGRAPH

CyClean develops chip for electric vehicles
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5. Another hire: Coinbase has named Brian Brooks, formerly of Fannie Mae, as its chief legal officer. –TECH CRUNCH

6. Bitmain might be a sponsor for the Houston Rockets in the NBA. –REDDIT

7. It's been a rough go for Paragon – the company looked to build a social network for cannabis startups (and raised $70 million in an ICO) but has lost 96 percent of its market cap. –BITCOINIST

8. A new report from Multicoin Capital sets out a comprehensive bear case for litecoin, calling it "significantly overvalued." –COIN GEEK

9. Vice takes a deeper look at the bug found in bitcoin core with the ominous stat: Someone could have taken down the entire network for less than $80,000. –VICE

10. A consumer bought a Bentley with bitcoin – a first in the United States. –BITCOINIST

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Written and curated by David Stegon. He has been a reporter for 15 years, the past 10 focused on technology. Follow him @davidstegon.

Editing team: Lon Harris (editor-in-chief at Inside.com, game-master at Screen Junkies), Krystle Vermes (Breaking news editor at Inside, B2B marketing news reporter, host of the "All Day Paranormal" podcast), and Susmita Baral (editor at Inside, recent bylines in NatGeo, Teen Vogue, and Quartz. Runs the biggest mac and cheese account on Instagram).

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