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Bitcoin Prices Are Down Because Of A $35 Million Hack

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Bithump Has Reported $35 million Worth Of Bitcoin Was Stolen Resulting In Bitcoin Prices Dropping

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On June 20, 2018, a South Korea company called Bithump announced that between $32-$35 million in bitcoin had been stolen from them. This bitcoin was being trade on the stock exchange, when computer hackers intercepted it and then stole the bitcoin.

This has caused a huge drop in bitcoin prices in the last week. 7 days ago bitcoin prices were hanging around $6800-7200, but since this announcement crypto prices are plummeting.

Bithump has said that almost all of their clients are moving their crypto currencies to cold storage wallets like “trezor”. This is most assuredly adding to the drop in Bitcoin Prices.

Japan Passes New Regulations Affecting Bitcoin Prices

To add to the drop in prices we have…Japan. Japan has passed new regulations that will help prevent using the blockchain for illegal business. These new regulations has caused some of the biggest Bitcoin exchanges to suspend crypto payments while they get compliant with the new laws in Japan.

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Bitcoin and other crypto currencies actually needed some new regulations put into place to help make digital currencies become more widely accepted around the globe. Japan’s new regulations are needed but unfortunately they passed them at the same time that Bithump announced that they got ripped off……This all adds up to the recent price drop this last week for crypto currencies.

Bitcoin is still young and vulnerable as Bithump has just proven by not making sure that their transaction was secure.

 

Keep in mind it was the transaction that was hacked not the actual blockchain that bitcoin is built on!!

As always until next post have a great and prosperous adventure. Don’t Forget To sign-up for my news updates…Over in the side bar or down below and get your free E-book.

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Coming To A News Room Near You: CVL Tokens

News Rooms Funded With CVL Tokens,
Controlled By The Blockchain

It’s should be no surprise that a new digital currency has been announced, CVL tokens are coming soon to a news room near you!

The other day I shared a post with you about a new currency called CVL. This new crypto currency is going to be how news organizations are paid as well as how they report the news starting…….NOW!!!

A group of journalist and a couple of companies have gotten together to develop a new digital currency platform with plans to use the blockchain to control everything from finances to the news being reported.

CVL Tokens Offer News Outlets Redemption

The last couple of years have been hard on news organizations, with all the false reporting and daily bashing by our President, revealing that political influences are censoring our news reports for their gain and ratings.

With the help of a company called “Civil”, there is now a chance for journalist to report the news without being censored. By using the blockchain to fund themselves and to actually report the news:

  • Once the Journalist records their report to the blockchain it’s permanent. It can only be added to. Therefore if something needs to be corrected, you will not only see the correction forever but you will see why there was a correction made!
  • CVL Tokens will allow the public to own the majority of shares in news organizations that are involved in this venture, eliminating governmental interference or influence.
  • The news being reported will no longer be driven by ad revenue and ratings but rather it will be driven by the 1st amendment right to freedom of the press and our needs as a citizen to want accurate factual news reports. The belief is if the news is accurate and factual then we the consumer will gladly pay them directly via cash and CVL tokens.

I came across this report from Stanford Social Innovation Review (their post is shared below) and it will give you a different way of way of thinking about what the blockchain really is.

The blockchain is very secure, decentralized, the public truly controls it.

Enjoy the post below and let me know what you think about CVL and the new opportunity that this new use for the blockchain is presenting.

 

Journalism’s Savior?

Civil, a journalism platform built on blockchain technology and funded by cryptocurrency, aims to protect reporters while restoring public trust in the fourth estate.

Read More…

As always until next post have a great and prosperous adventure. Don’t Forget To sign-up for my news updates…Over in the side bar or down below and get your free E-book.

 

Internet Marketing Fast Start
Internet Marketing Fast Start
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Learn how to get traffic from the best sources for free

You can choose to join my news letter and get updates simply by clicking on one of these free E-books. If you want Internet Marketing Fast Start,then click that image or join from the side bar. If you want Getting Traffic then click on it and join my news letter for updates and special offers.