Tether has released a report prepared by a U.S. law firm indicating that it possesses enough United States dollars to back its cryptocurrency.

Bithumb has reported that it was hacked a few days ago, making it the second South Korean crypto exchange to be hacked over the past few weeks.

Japan’s Financial Services Agency (FSA) is planning to impose administrative actions and tough penalties on cryptocurrency exchanges that have failed to install strict internal control systems.

A latest report from Bank For International Settlements (BIS) indicate that Bitcoin might break the internet if used to process all non-cash retail transactions taking place in the U.S.

A deficiency of regulated custody services for crypto assets has been one of the biggest barriers that have prevented institutional investors from venturing into the sector.

Recent attempts by Daniel Oberhaus, a writer at Motherboard, to uncover the mystery of Bitcoin creator Satoshi Nakamoto were unsuccessful as a Freedom of Information Act (FOIA) request he sent to spy agency, CIA, only received a ‘Glamor response’ which is neither a denial nor a confirmation.

South Korea is considering launching a zone that will be dedicated to blockchain and virtual currency firms with the aim of developing the ecosystem.

The United Nations Trade Department has authored a white paper, where the potential of blockchain technology is examined for the trade and supply chain industries. This marks a start towards blockchain involvement for the UN.

Research conducted by a team of two at the University of Texas has revealed that a pattern has emerged showing that at pivotal moments the Tether virtual currency was spent on Bitcoin and this assisted in driving the price of the flagship cryptocurrency to record highs.

Brad Garlinghouse, the CEO of Ripple, made a few controversial statements on bitcoin and blockchain technology, dubbed as hype.