$50M of ETH Stolen, ‘Rare Opportunity’ for BTC: Hodler’s Digest, Nov. 25–Dec. 1
Thomas Simms's original article for cointelegraph.com reduced by 71%
On Wednesday, the major South Korean crypto exchange Upbit confirmed that a whopping 342,000 Ether had been stolen from its hot wallet - funds worth an estimated $50 million at the time of writing. Indian government to issue national blockchain strategyDespite taking a hardline stance on crypto, India has announced that it is working on a national blockchain strategy to accelerate the technology's adoption. China: Five crypto exchanges halt or shut services amid perceived crackdownIt's been a bad month for Chinese crypto exchanges.
Russia reportedly considers ban on using crypto as a means of paymentChina isn't the only one threatening to take a hardline stance on crypto. Ex-Hollywood executive admits to embezzling $22 million to buy crypto and gambleA former executive at a digital marketing firm in Hollywood is in hot water after admitting to embezzling $22 million from his employer to buy digital currency, gamble and cover personal expenses. Over a four-year period, he stole $1.2 million to write personal checks to poker players, $1.1 million to pay off credit cards and $8.4 million to transfer to crypto accounts.
Best Cointelegraph FeaturesBRICS nations discuss shared crypto to break away from USD and SWIFTBrazil, Russia, India, China and South Africa - collectively known as the BRICS economic bloc - are exploring whether they should issue cross-national digital money to reduce their dependence on the United States.
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