Cryptocurrency: new slap for Bitcoin, Ripple and their acolytes :


Another difficult day for digital currencies ... Bitcoin is currently selling close to 5% to $ 10,204 according to Coinmarketcap, while Ethereum is down 3% over 24 hours to $ 1,114. The Ripple stumbles 8% to $ 1.14 and Bitcoin Cash 6% to $ 1,498. The other 'cryptos' are not spared, the Cardano dipping 10% and Litecoin 6%. The NEM, which has been talked about quite recently after the record-breaking Coincheck hacking, is still slashing 10% to $ 0.77.

After Coincheck, Bitfinex worries
US regulators are interested in two cryptocurrency players, whose activities raise a number of questions. The agency 'Bloomberg' revealed yesterday that Bitfinex and Tether, two companies headed by the same CEO (CEO), were assigned by the CFTC (Commodity Futures Trading Commission) authority in charge of regulate material derivatives first. The CFTC sent them a letter on December 6, according to a source of 'Bloomberg', which however did not clarify the nature of this investigation.

Bitfinex is a digital currency exchange platform, while Tether is the issuer of the eponymous cryptocurrency. The Tether is the 22nd digital currency by its capitalization, which amounts to about 2.3 billion dollars. Crypto Tether is backed by the dollar (its value is stable at $ 1). The firm ensures to have enough greenbacks in reserve to cover the 'tokens' in circulation ... This assertion has however never been proven and some experts doubt that the company actually has these $ 2.3 billion. In addition, last weekend, Tether announced it had unilaterally severed its ties with an audit firm Friedman LLP, which had undertaken to review its accounts.

Neither Tether nor Bitfinex has publicly communicated the location of their headquarters, the identities of their managers or their financial data. The parent company of Bitfinex, iFinex Inc., is registered in the British Virgin Islands, and says it is based in Hong Kong ... This lack of clarity therefore clearly hurts the sector, especially since it is possible that the product of Tether was reinvested in Bitcoins, fueling the previous rise of the queen of 'cryptos'.

Coincheck pirates try to sell their booty
For its part, the NEM Foundation continues to 'follow' the NEMs stolen by the digital 'robbers' of the Japanese exchange platform Coincheck, thanks to the traceability system of the blockchain. For the record, this case still fresh was a record piracy in the middle of 'cryptos', stolen NEM representing an amount of $ 530 million at the time of the theft. According to the 'foundation', the perpetrators would try to make multiple transactions in order to sell his virtual booty.

The NEM Foundation remains active
The 'tokens' XEM (symbol of the NEM) have been traced for several days by the NEM Foundation. The foundation explains that the thief tried to move the units on six different exchanges, in order to resell them. Jeff McDonald, the vice-president of the foundation, based in Singapore and quoted by the agency 'Reuters', adds that the platforms that hackers have targeted to get rid of the NMS will be contacted ...

For a handful of NMS
The NEM is a cryptocurrency and a blockchain platform launched in early 2015. This blockchain is tested by financial institutions and private firms, especially in Asia. The NEM crypto-currency has been heavily hacked on the Coincheck, Coincheck, Japan-controlled Coincheck platform. 523 million "tokens" were stolen for a total of about 530 million dollars (58 billion yen) - based on quoted prices at the time of the breakage. About 260,000 Coincheck users would have been affected. Coincheck intends to repay them in full.

The stolen units were stored 'hot', instead of being placed in 'cold' portfolios more secure because disconnected from the Internet. This event could also encourage regulators to force exchange platforms to 'offline' storage ... In addition, NEMs gobbled by hackers were not protected by a multi-signature system.

'Regain the trust' of the community
"We would like to sincerely apologize to our customers and all those who have been affected by this incident and we will do our best to make significant changes to our platform in order to regain the trust of our customers and the community", assured Coincheck the day before yesterday, on the sidelines of the announcement of a request for improvement of the operations of the FSA. Previously, the platform had asked users to stop making deposits until restrictions were lifted. The exchanges and the withdrawals of NEMs had been suspended, then the exchanges of all the 'cryptos', except Bitcoin.

Coincheck was strongly criticized by the Japanese authorities for its weak governance
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