Bitcoin This Week: Bithumb Suspends New Accounts, Crypto TV Will Mine While You Watch And More
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Bithumb Suspends New Accounts
Bithumb, the South Korean exchange at the centre of a $31 million hack in June, has suspended new accounts because its banking partner NH Nonghyup Bank has yet to renew its contract. Bithumb had stated in a blog post that the suspension of new accounts was due to “service improvement processes”.
Crypto TV will Mine While You Watch!
Couch potatoes will be delighted to learn that they may soon be able to make money while doing nothing more than watching TV. According to reports this week, Canaan, the world’s second largest Bitcoin mining company, intends to launch a bitcoin-mining television set.
Okex Claws back $9M From Investors
Okex will have to claw back at least $9 million from investors following the spectacular failure of a colossal Bitcoin Futures gamble by a single investor. The investor had taken a long position on over 4 million Bitcoin contracts, each valued at $100, and refused Okex’s request to partially close some or all of the positions to “reduce the overall market risk”.
“Crypto Netflix” Listed on London Stock Exchange
Argo has become the first crypto mining company to list on the London Stock Exchange. The company accrued $6 million more than the $26 million it had hoped to raise in its IPO. Executive Chairman Jonathan Bixby said he was “delighted with the strong response from investors”.
Bitcoin Goes Back To Below $7,000
At the end of a bruising week for Bitcoin, there is still no letup in the crypto’s week long decline in fortune. Having fallen through the $8000 mark earlier in the week, Bitcoin opened on Thursday at $7634 and fell slightly to close at $7567. It continued to decline on Friday, hitting a low of $7328 before closing at $7434. Saturday was worse, with a sharp decline of $500 over a period of a few hours bringing the crypto below $7000 for the first time since July 17th.
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