BitMEX investigating "extent of impact" after mass email leak...
One week in review: Oct. 28–Nov. 3 We've selected the hottest materials of the past week for you to stay up to date with the latest crypto news: | | #1 BitMEX investigating "extent of impact" after mass email leak | | Think you've had a challenging week? Spare a thought for BitMEX. First, the crypto derivatives exchange accidentally leaked its users' email addresses by forgetting to BCC them on a mass message. Days later, BitMEX's Twitter account was hacked — with tweets that would undoubtedly send chills down the spines of users already worried about security. One said, "Take your BTC and run. Last day for withdrawals," and another added, "Hacked." | | #2 French high school students will learn about Bitcoin and crypto | | Oh, la la! High school students in France are going to start learning about cryptocurrencies with an introductory course helping teenagers to understand the impact that BTC has on the economy. Although it's unlikely that fully fledged crypto experts will emerge from this module, the lessons could arm young adults with some knowledge that'll become increasingly relevant as cryptocurrency adoption grows. | | #3 Mt. Gox claims deadline pushed back to spring 2020 | | It's been almost six years since the doomed cryptocurrency exchange Mt. Gox collapsed in the wake of a devastating hack that saw 850,000 BTC vanish — funds that would be worth almost $8 billion at today's rates. Reuniting victims with some of their lost money has proven to be a challenge, to say the least. This week, the trustee in charge of that process extended the submission deadline yet again. | | #4 Cryptocurrencies like Bitcoin are not really money, German parliament says | | Recently bought a cup of coffee using Bitcoin? A new computer, perhaps? Stop! According to Germany's federal parliament, cryptocurrencies like BTC are not real money. In a statement, it said such coins "at best only very limitedly fulfill the economic functions of money in the classical sense." Pointing out that the volume of payments carried out using crypto is limited when compared with euros, the statement added that stablecoins are not an alternative to fiat currencies either. | | #5. FUD of the Week CEO of Zimbabwean crypto exchange loses password to Bitcoin cold wallet | | Also in the running for the crypto exchange blunder of the week, alongside BitMEX, is the founder and CEO of the Zimbabwean platform Golix. Tawanda Kembo claims he has lost the password to one of the company's cold wallets, which held 33 BTC. | | #6. FUD of the Week Argentina's central bank bans Bitcoin purchases with credit cards | | The Central Bank of Argentina has banned its citizens from using credit cards to buy crypto. According to the financial institution, such measures are critical to protect the country's foreign exchange reserves. However, it is still possible to complete purchases through bank accounts. There have been signs that the central bank is attempting to exert stronger control over the economy. Also this week, the amount of U.S. dollars that Argentinian consumers can buy per month was slashed by 98% — from $10,000 to $200. This subsequently led to a spike in Bitcoin trading, which suggests that the institution is now trying to mitigate the knock-on effects of its own policy. | | Feel free to explore the most important news with Hodler's Digest by Thomas Simms: | | | |