CasinoCoin Moves to Ripple Blockchain

The CasinoCoin Foundation is conducting a coin swap, which concludes on February 14, 2018 at 12:00 GMT, in order to move to a new Ripple-based blockchain
14 February 2018   675

CasinoCoin is an open source, peer-to-peer cryptocurrency designed for the regulated online gambling industry. CasionCoin has built in wallet tools that enable transparency and open transactions, and the technology which aims to operate at world-class speed.

The CasinoCoin Foundation have announced that they will initiate a coin swap to move CasinoCoin to a new Ripple-based blockchain, aiming to bring a lot of advantages for the users.

The coin swap began on November 25, 2017 and is scheduled to conclude on February 14, 2018 at 12:00 GMT.

Casino Coin New blockchainCasinoCoin New Blockchain

Currently CasinoCoin is based on Litecoin blockchain, but moving to the Ripple blockchain should bring such advantages as faster transaction times, increased coin supply, advanced features like KYC (Know Your Customer) and AML (Anti Money Laundering).

Swap Ratio: 1:1000 (Old to New Coin Swap), the old CSC Blockchain renamed to CasinoCoin Classic (CXX)
Transaction fee: 0.001 CSC

At the moment of press, these are main market parameters of CasinoCoin:

Average price: $0,001951
24h volume: $40 109

South Korean Exchange stolen for Millions of Dollars

Bithumb, one of the largest cryptocurrency exchanges in the world, has been hacked to the tune of 35 billion won, has to repay customers from its own pocket
20 June 2018   111

All the deposits were stopped by the exchange at approximately 00:53 UTC and started transferring large amounts of Ethereum into cold wallets. Cold wallets are digital wallets that are not connected to the internet. As claimed at the local news outlet JoongAng Daily, the company performed an “urgent” security check on the 16th of the month, particulary preparing to move passwords to a cold wallet in preparation for an attack.

Bithumb on Twitter
Bithumb on Twitter

Actually the hack happened on the 19th, according to CoinTelegraph Japan that refers hack detection service Sentinel Protocol. Ripple was among the  stolen denominations. Bithumb has undertaken to repay clients from its own pocket, according to JoongAng Daily.

If you have any damage to your password, I will make full compensation to your company. I do not have any damage to you, so please do not be anxious.
Bithumb
South Korean Exchange on their Twitter

In July 2017 Bithumb was also hacked, when the personal data of 30,000 users was stolen. The scammers used this information in order to access money in many people’s accounts. Nevertheless, the exchange valued its profits grew by 171 percent during the year of  2017. It was processing around $200 million in cryptocurrency trading a day, and today that figure is $400 million, making it the sixth biggest crypto exchange in the world in April 2018.

It collaborated in January with the a major shopping mall in South Korea, enabling cryptocurrency payments at outlets on the site. In March it declared about the plans to introduce Bitcoin ATMs and Bitcoin payments at food kiosks over a partnership with some local kiosk manufacturers.