According to Group-iB, "it has been revealed that 65 percent of the $882 million in cryptocurrency stolen from exchanges ends up in North Korea", reported Crypto Insider.
From January 2017 until now, hackers from North Korea have pirated roughly $571 million - which equates to almost 5% of North Korea's Gross Domestic Product (GDP).
The Securities and Futures Commission (SFC), a regulating body for Hong Kong, stated in an announcement today that they have "identified significant risks associated with investing in virtual assets and these are set out below. In order to address these risks, the SFC is issuing guidance on the regulatory standards expected of virtual asset portfolio managers and fund distributors. The SFC is also exploring a conceptual framework for the potential regulation of virtual asset trading platform operators".
CoinTelegraph reports on a CNBC video about Jamie Dimon's comment - “I never changed what I said, I just regret having said it. I didn’t want to be the spokesman against Bitcoin. I don’t really give a sh*t, that’s the point. Blockchain is real, it’s technology, but Bitcoin is not the same as a fiat currency."
Readers will remember Jamie Dimon is famous for his quote last fall, calling Bitcoin "a fraud", as reported by CNBC.
12 crypto companies now have a license granted by the New York State Department of Financial Services (NYDFS).
Coinsource, (a Bitcoin Teller Machine – BTM) was granted the most recent license of the 12 mentioned crypto companies.
Coinsource "already has 40 BTMs in the state, having been operating under a provisional license pending full approval", reported CoinDesk. CoinDesk also reports - this is the first BitLicense given to a Bitcoin ATM service.
Furthermore, the bank released a letter stating USDT solvency, with enough USD to sufficiently back the Tether stablecoin.
"To show proof of its bank balance, Tether released a letter dated November 1 that appeared to come from Deltec, confirming "the portfolio cash value of your account with our bank was US$1,831,322,828" as of October 31", CoinDesk reported today.
Tether has been in the spotlight more often over the past several weeks, seeing significant drops in the coin's price at times.
In order to celebrate this remarkable achievement, Crypto Insider has published two articles: the first one is an ode to the merits of the whitepaper which is meant to remind us all that our participation in the cryptocurrency space is all due to the bold efforts of Satoshi, while the second piece is an interview with Lyn Ulbricht – the mother of Ross Ulbricht.
Bitcoin is the technological innovation which started all the blockchain revolution in finance, while Ross is usually referred to as the second most important person in the history of cryptocurrencies, as he provided the first empirical and irrefutable evidence that Bitcoin can be used as a currency.
