Hi, I’m Nate Martin from 99Bitcoins.com and here’s what happened this week in Bitcoin in 60 seconds.
Tether, the issuer of the dollar-pegged cryptocurrency USDT, said its relationship with audit firm Friedman LLP has ended. The statement confirms online suspicions and is likely to raise new questions about the company’s finances.
Coincheck, One of Asia’s biggest digital currency exchanges, has admitted the loss of over $400 million worth of cryptocurrency following an attack on its network. The company has since suspended most trading and withdrawals, and is working to trace where the missing digital currency ended up.
Indian Bitcoin exchanges experienced banking freezes ordered by that nation’s financial overseers. At least 5 banks have suspended accounts of crypto exchanges. Indian trading volume currently accounts for about 10% of global volume.
That’s what happened this week in Bitcoin. See you next week.