Monday, April 1, 2019

Bithumb Hacked / Litecoin Record / Bitcoin and Friends / April Fools

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$BTC (3:41 p.m. EST): $4,148.46 (1.08%) // 90-day high: $4,238.41 // 90-day low: $3,286.14 / / More

$BCH ABC (3:41 p.m. EST): $166.32 (-0.38%) // 90-day high: $218.09// 90-day low: $80.95 // More

$ETH (3:41 p.m. EST): $141.02 (​0.08%) // 90-day high: $160.13 // 90-day low: $86.08 // More

$LTC (3:41 p.m. EST): $60.45 (-0.23%) // 90-day high: $62.08 // 90-day low: $22.09 // More

$XRP (3:41 p.m. EST): $0.31 (0.98%) // 90-day high: $0.43 // 90-day low: $0.28 // More

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1. South Korean bitcoin exchange Bithumb was hacked Saturday morning, the second time the massive exchange has been breached in less than a year. Hackers stole around $20 million worth of EOS and XRP in the latest attack. The exchange was hacked last June, losing around $30 million in digital coins. "The fact that it has been less than twelve months since its last hack indicates Bithumb has a complete lack of regard for its customers' welfare," writes Paul de Havilland. –CCN

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2. Litecoin just closed its most successful first-quarter performance on decade. The coin more than doubled in price, rising from $30 on January 1 to more than $61 today. Last year, litecoin saw prices drop 48.5, 30, 24.6 and 49 percent in each quarter, respectively. The four-quarter losing streak was the second largest on record and saw prices fall by 86 percent. While many factors are at play, including the recent success of the altcoin market, some experts believe litecoin's success can at least partially be attributed to the announcement of a mining reward halving, due later this year. –COINDESK

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3. A new animated series called "Bitcoin and Friends" is now available for your binging pleasure. The series, produced by Uncle Chris Productions and available on YouTube, tells the story of bitcoin's origins and how it became the "widespread digital phenomenon" that it is today. The first episode shows Bitcoin, a digital coin with human-like attributes, living in New Jersey in 2009. He wakes up alone and tries to see out his father shortly after he meets an ice cream truck driver names Jones. It gets weirder from there. –BITCOIN EXCHANGE GUIDE

'Bitcoin and Friends' hits YouTube
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4. Finance Magnates went for the April Fool's joke today – announcing the SEC approved a bitcoin ETF – but not everyone thought it was a joke. The site's story included a fake tweet (that Rick Rolls the person who clicks on it), along with fake statements from the SEC. However, the article reads much like a typical news story – and if social media is any clue – served to excite some members of the bitcoin community opposed to giving them laugh. –FINANCE MAGNATES

Finance Magnates joke falls flat
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5. Litecoin creator Charlie Lee took a turn with the Lightning Torch. –AMB CRYPTO

6. Cornell profession Emim Gun Sirer believes the cryptocurrency market will pass a $1 trillion collective valuation if it can properly scale, provide real use-cases, and offer decentralized solutions. –NEWS BTC

7. The hacker that stole $4 million in cryptocurrency transferred the funds to another wallet. –AMB CRYPTO

8. Some enterprising miners set up a shipping container full of mining rigs in a remote Canadian oil field to take advantage of excess natural gas. –BITCOINIST

9. Swiss publishing company Netzmedien AG will only pay employees in bitcoin going forward. –NEWS BTC

10. Coin Telegraph provides a history of all the bitcoin ETF proposals submitted to date. –COIN TELEGRAPH

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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: Kim Lyons (Pittsburgh-based journalist and managing editor at Inside); Susmita Baral (senior editor at Inside, who runs the biggest mac and cheese account on Instagram); and David Stegon (senior editor at Inside, whose reporting experience includes cryptocurrency and technology).

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