It’s Monday, Monday, got to get down on Monday. Everybody’s lookin’ forward to the Monday Funday. You see what I did there? Put a twist on everyone’s favourite end of the week song. Because when you have a Crypto Monday Report from Embily, it’s always a Monday Funday.
Bitcoin. What’s up, man. You know. Up. Not down. Just as things were beginning to look good, hackers just had to go and muck things up again. Speaking about that, why don’t we jump right into the report.
Okay, so the hack didn’t happen until Saturday but I’m putting this on Friday because I think it’s the most prominent piece of news that’s happened over the weekend in the crypto world. The exchange in question was: Coinrail, A small South Korean exchange.
Bitcoin swoons 10% after news of South Korea crypto exchange hack, leading a broad cryptocurrency selloff
Though not everyone believes that the prices went down due to the hack, such as Joseph Young who tweeted that it’s due to ‘Because people sold and not enough people were willing to buy.’ Whatever the case was, this has apparently started an investigation by US regulators into potential price manipulation at four major cryptocurrency exchanges.
WSJ: CME and BTC Exchange Dispute Led US Regulators to Open Price Manipulation Probe
Just from those two alone, you can see that the cryptoworld had a busy weekend.
Erotic Webcam performers, aka Camgirls and Camboys, have been around on the internet for a long time now. But there have been some issues in the USA, where an increasing number of banks are refusing to accept direct deposits from adult industry companies. Forcing the workers to turn to cryptocurrency! Hurray crypto!
Sex Workers Are Using Crypto to Save for Retirement
If you’re based in Russia and were planning on bringing in some mining rigs from outside the country. Then, unfortunately, you may run into some issues. A Russian crypto miner ran into some issues with the customs office when he had his imported in. Even though it was for personal use. After there was an appeal, the Russian courts have decided to side with the customs office and have now barred the import of crypto mining equipment.
Russian Court and Customs Prevent Import of Crypto Mining Equipment
Don’t forget to check out the latest article by Justin, all about:
Crypto Heist History: Parity Wallet
Cover illustration artist BBilly, DeviantArt