According to a recent report, late last week Japanese
crypto-exchange Bitpoint lost $32 million in a hack involving XRP,
Bitcoin (BTC), Litecoin (LTC), Ether (ETH) and other
cryptocurrencies. After news of the incident, Bitpoint's parent
firm reportedly shed 19% of its shares. In related news, a recent
analysis by Coinfirm illustrates the movement of bitcoin stolen
from the recent Binance hack into exchanges and potentially into
other cryptocurrencies. The Binance hackers have reportedly been
able to liquidate at least 1.8087 BTC (21,000.00 USD) on several
exchanges.
In a recent report on blockchain technology and economic
sanctions, analysts predict that cryptocurrencies may reduce the
effectiveness of U.S. economic sanctions, which depend on
traditional banks to monitor compliance. Currently, U.S. sanctions
can still reach businesses in the cryptocurrency and blockchain
space because many blockchain ventures still depend on fiat
currency and conventional bank
