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The week began with what is apparently the third largest Bitcoin Era software exchange hack to date: KuCoin assumed minor damage, the first estimates showed crypto losses worth around 150 million US dollars (USD). Larry Cermak’s estimate is $ 280 million that the hackers can now call their own. Nevertheless, the Exchange promises that all investors who have suffered damage will get their investments back 100 percent. Cermak also questions whether this corresponds to reality. But one thing is certain: the affair is not over yet.
Coinbase bans political discussion – Twitter boss Dorsey reacts promptly
Meanwhile, another Bitcoin exchange is also attracting attention. Coinbase CEO Brian Armstrong demands that its employees refrain from political and social discussions. Since the stock exchange is profit-oriented, the company will also stay out of charitable projects as much as possible. Reason enough for Twitter founder and CEO Jack Dorsey to comment. For the Twitter boss, Armstrong’s move shows his ignorance of the financial inequality that cryptocurrencies are supposed to fight.
Austria: Bitpanda receives $ 52 million – also from Peter Thiel
The Viennese start-up Bitpanda recorded the largest Austrian financing round for a start-up in 2020. Peter Thiel, founder of the payment service provider PayPal, supported the crypto company. The investor is now mainly concentrating on FinTech and InsurTech. Meanwhile, BitPanda is focusing on decentralized finance ( DeFi ) apart from Bitcoin and other crypto currencies . The company has added six tokens to its investment portfolio.
Bitcoin price falls, US Justice Department charges BitMEX
In parallel, the US Treasury is suing the Bitcoin exchange BitMEX for operating a non-registered trading platform. While the consequences for the founders of the exchanges are already very real (one has already been arrested in Massachusetts), one wonders what the future of DeFi is. Some protocols hope that with sufficient decentralization they can evade official regulation. The dispute is boiling on Twitter .
The e-euro is coming – maybe soon
After Christine Lagarde announced in September that the European Central Bank (ECB) would comment on a digital central bank currency (CBDC) in the coming weeks, the report has now been published. Anyone who expected a decision was disappointed: by the middle of next year, the central bank wants to deal theoretically and practically with the e-euro. Then the decision should be made. BTC-ECHO has summarized the most important points here .