March 2019 Cryptimi

New All-Star Bakkt Board Announced

Kelly Loeffler, the CEO of Bakkt, an institutional trading platform, announced Tom Noonan's new role as chairperson of their board, along with other board-related updates. Noonan is a seasoned professional in cybersecurity, having founded major cyber firms such as IBM, JouleX, and Endgame. His association with any of these enterprises is in itself noteworthy, which speaks volumes about his reputation.

UPDATE: The Bithumb breach has been estimated to be valued at an approximate $20 million impact.

After the recent revelation that Bithumb experienced a security breach, it was confirmed that the incident led to losses valued at approximately $20 million. The hack reportedly happened last Friday, and more detailed information has since been released regarding the extent of the disruption to their services.

Bithumb was reportedly compromised by someone from within, according to recent reports.

Bithumb has temporarily halted deposits and withdrawals following unusual activity detected earlier today. In a statement issued through a tweet, Bithumb explained that their abnormal trading monitoring system identified an unauthorized cryptocurrency withdrawal from the company.”

Coinbase Custody Now Supports Tezos

Today, Coinbase announced it will start offering Tezos staking, known as baking, through their platform, with plans to also support MakerDAO governance soon. This offering by Coinbase Custody makes it the first fully-regulated and insured 100% offline staking provider available in the crypto sector. It marks a significant step forward.

Changelly's prediction spells good news for Dash enthusiasts, with the currency's value projected to rise fivefold by the close of 2019. Even more growth is anticipated through 2020. This encouraging price forecast from the Changelly platform could boost confidence among traders and users of Dash.

Innisfil, an Ontario town in Canada, has green-lighted a new initiative that lets residents pay their property taxes using Bitcoin. Announced via a press release from the local government, the town partnered with Coinberry Pay, a cryptocurrency payment startup, to facilitate this new tax payment method.

Japan has given the green light to two cryptocurrency exchanges, while 140 others are in the queue awaiting approval. As part of the greater plan for Japan's Cashless 2020 initiative, the Japanese Financial Service Agency has approved Rakuten Wallet and Decurret, marking an important milestone in the cryptocurrency market expansion.

In Japan, you can now pay using cryptocurrencies in one of the most technologically advanced yet traditional places on earth. Take a train ride on one of the lines by the East Japan Railway Company, as they are considering allowing crypto as a payment method—an exciting development for those traveling to Akihabara, Tokyo.

A study conducted by the regulatory startup Coinfirm has found that only 14% of exchange platforms operating in the digital realm possess licenses issued by authorized regulatory bodies. Ensuring the integrity and reliability of online financial venues is critically important, especially considering the significance of safeguarding online transactions.

You can now book your accommodations with Airbnb using the cryptocurrency gift card service provided by BitRefill. Whether you're paying with Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), or Dash (DASH), you're covered. It's a new initiative by BitRefill that allows travelers to make bookings with Airbnb, emphasizing ease and innovation.

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CFDs, or Contracts for Difference, are intricate tools that carry high financial risk due to leveraged trading. Statistics show that between 74 and 89% of retail investor accounts suffer financial losses when trading CFDs. It's crucial to assess whether you comprehend how CFDs operate and whether you're equipped to handle the associated risks.

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Chapter 2: Delving Into The World of Cryptocurrency Markets