Cryptomart Weekly News Review 05.24.2019

Hackers began to withdraw stolen Ethereum

The cryptocurrency community learned that the criminals transferred Ethereum to the Huobi deposit wallet on May 20. They stole cryptocurrency from the Cryptopia. After that, with high probability, hackers exchanged Ethereum for other digital money.

Bitfinex will start holding crowdsales

Bitfinex cryptocurrency exchange will launch a crowdsale platform called Tokinex. Users must register in the BlockPass app in order to be able to purchase new tokens. The trading platform will present a whole ecosystem.

Problems started at Binance crypto exchange

Technical problems started in Binance cryptocurrency exchange on the evening of May 22. Users couldn’t make or cancel bids. This was the cause of losses, which in some cases exceeded thousands of dollars.

Will price of Bitcoin fall to $7000 ?

Trader BTC-futures from the New York Mercantile Exchange (NYMEX) Anthony Grisanti argues that the cost of Bitcoin will move towards the mark of $7000 in the near future. He said that the price of the first cryptocurrency rose to $8000 too fast. Therefore, the cryptocurrency market consolidating now.

Ethereum network will be safer

A creator of Ethereum proposed to introduce a new system, with which users can mix transactions. Vitaly Buterin believes that the network should create two smart contracts. This will make them more private with a higher commission.

Facebook will present own cryptocurrency

Facebook will launch its own digital payment system in the first quarter of 2020. Developers call their own cryptocurrency the GlobalCoin. Its testing should begin before the end of this year. Additional information regarding network plans will appear in summer.

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