If you thought that the theft of 7,000 bitcoins from one of the world’s biggest crypto exchanges would stop Bitcoin’s price in its tracks, you were wrong.
On Thursday, the price of Bitcoin went above $6,000 for the first time since November last year. At the time of writing, Bitcoin is trading at $6,102.64 according to CoinMarketCap.
The Binance hack — made worse by the company CEO Changpeng Zhao’s short-lived suggestion to change Bitcoin’s history to undo the hack — wasn’t the only recent bad news for Bitcoin and cryptocurrencies in general. In April, news broke that China is considering banning cryptocurrency mining in the country. Later that month, cryptocurrency exchange Bitfinex and stablecoin Tether were accused by the New York Attorney General of covering up an $850 million loss of customer funds. Last week, famous investor Warren Buffett slammed Bitcoin for being useless, and Nobel Prize-winning economist Joseph Stiglitz Read more…
Read more: mashable.com