It’s time for cryptocurrency investors to stop hoarding and start putting their digital assets to work. That was one message Coinbase CEO Brian Armstrong offered attendees at Coindesk’s Consensus 2019 conference in New York on May 15.
Hacked cryptocurrency exchange Binance has restarted trading and withdrawals after a security update this morning. The exchange lost 7,070 bitcoins on May 7, when a hacker used phishing to beat its two-factor identification procedures. At the time, the loss was valued at about $40 million. Given the price jump in the past week from about $6,000 to nearly $8,000, the theft was worth almost $57 million at press time, according to CoinMarketCap.
Lawyers for iFinex, the parent company of Tether and cryptocurrency exchange Bitfinex, told the New York Supreme Court on Monday that the language of New York State Attorney General Latitia James’ proposed injunction on Tether using dollar reserves backing its USDT stablecoin could prevent it from making payroll or paying bills.