The world of digital currencies faced another collection of challenges with news of missing instruments at a leading venue, however, two strong items of news brought back the bulls and highlighted the growing opportunities in the segment.
Here is a selection of the main news pieces from virtual currency news site, DC Magnates.
$5.1 million Worth of Bitcoins Disappear at Bitstamp
Bitcoin exchange, Bitstamp, reported that its systems were compromised and over five million dollars worth of assets were lost. The firm’s CEO Nejc Kodrič issued an update on the recent suspension of service, informing customers, “On January 4th, some of Bitstamp’s operational wallets were compromised, resulting in a loss of less than 19,000 BTC.”
The firm stated that the actual value of the products is equal to approximately $5.1 million. However, it added that it is working to get the customers’ money back:
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Canadian Venue CoinTrader Enhances Products Through New CAD Range
Canadian Bitcoin exchange, CoinTrader, has expanded its portfolio and allows users to trade bitcoins against the Canadian dollar (CAD). Although officially a Canadian exchange, until now it has only offered USD-based trading.
The exchange had also previously partnered with a Canadian payment services provider, Vogogo. The latter can be linked directly to Canadian bank accounts for CAD deposits, which can now be traded directly for bitcoins.
Staying Ahead: How Brokers Are Approaching 2020Go to article >>
LibertyX Eyes Expansion Through $400K Funding
LibertyX, formerly Liberty Teller, has received a $400,000 injection of seed funding from venture capital firm, Project 11, according to media reports.
LibertyX specializes in the business of selling bitcoins. The company was one of the first to operate a bitcoin ATM in the US and has since added several in strategic locations. Seeking to make bitcoins easier to buy for the general population, they also reportedly facilitate in-person bitcoin purchases at 2,500 merchants.
Bitcoin Shop Rebrands and Extends Business into Mining & Bitcoin ATM Operations
Bitcoin Shop has moved further into new segments of the digital currency economy, rebranding as Blockchain Technology Consumer Solutions and updating its logo.
The new name is designed to reflect its broader business focus, which now includes mining and bitcoin ATM operation. It has reportedly increased its mining capacity from 66 TH/s to 176 TH/s and plans on adding another 341 TH/s over the coming weeks.
The firm also received two bitcoin ATMs from Germany-based GFT GmbH, the owners of BitXatm. Recalling that BitXatm previously had a deal with CryptVision to bring over a 1,000 such ATMs to the US, which eventually fell apart.