More than $1 billion worth of cryptocurrency has been stolen by just two major hacking groups, according to a new report by Chainalysis.
Really hard to show a stock photo of cryptocurrency being stolen but this comes close (via Shutterstock).
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The dream of the 1890s is alive in crypto. "I"m so authentic, I get my crypto news printed on newsprint before I read it." (via Pixabay)Must-reads for August 30, 2018: Ethereum’s Lubin talks Tether, EU considers regulations, and more
Here are the crypto stories you should be watching today
Ethereum cofounder defends Tether against manipulation accusations (Yahoo Finance) Tether is often accused of being printed without assets to back and then used as a tool to manipulate bitcoin price. Joe Lubin, who now runs Brooklyn-based Consensys, isn’t a Tether skeptic. “Based on our analysis, which involves just talking to a bunch of people in the space, we do believe that tethers are backed 1 to 1 by U.S. dollars in bank accounts. But it’s still not 100 percent solid in terms of a story from my perspective. I expect may other price-stable tokens will arise and take it place. MakerDAO’s dai is doing incredibly well. It’s a mechanism that…
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You can't tell from this picture but South Korea's government is frowning on cryptocurrencies (source: Wikipedia)South Korea goes nuclear on cryptocurrencies
An FAQ on what just happened so people think you know what you’re talking about
Thursday was a brutal day for cryptocurrencies and many new investors were no doubt sweating bullets as they checked their trading accounts. Hopefully, this FAQ will help. What happened? South Korea’s justice minister, Park Sang-ki, said in a press conference that the government was, “basically preparing a bill to ban cryptocurrency trading through exchanges,” according to Reuters and several other media outlets. This comes after it was reported that the South Korean tax authorities and police paid a visit to the country’s largest cryptocurrency exchanges, including Coinone and Bithumb. Whoa! Why are they so much against cryptocurrencies? Two big reasons: The government is trying to crack down on crime and…