Bitfi “unhackable” wallet hacked – August 2

Current Bitcoin Price: $7536 (as of 8:30 AM PST)

There’s more red on the charts today, with Bitcoin down only 0.78% but a whole host of major coins down more than 3%. With that said, there are good 20 or so coins in the top-100 which are resisting the downtrend and have seen growth over the last 24 hours.

They’re mostly not coins you’ve heard of, but you might be familiar with Tezos (XTZ, #18) and Ethereum Classic (ETC, #15), which are both down more than 8%.

Top Bitcoin & Crypto News Stories for 2nd August 2018

Bitfi “unhackable” wallet hacked

There’s a small selection of cryptocurrency wallets out there, and by “small”, we mean really small: the three main contenders in the market are the Ledger Nano S, Trezor, and KeepKey wallets.

Bitfi is the latest contender. It’s been promoted hard by cryptocurrency celebrity John McAfee, boasting a bounty of $250 thousand for anyone who could break into the wallet. Which is exactly what happened earlier today.

BoA, IBM, and Mastercard continue blockchain patents

Major transnational corporations like Bank of America, IBM, and Mastercard may have feigned a lack of interest in cryptocurrencies, but they’re certainly interested when it comes to cutting their own slice of the pie.

So is evidenced by the continued blockchain patents issued by these companies, which pro-decentralization cryptocurrency activists argue shouldn’t be possible.

Coinbase adds British Pound

Coinbase needs no introduction; it is the world’s largest crypto-fiat exchange… but did you know British users have been forced to purchase tokens in Euros for the years since its launch?

The lack of Pound Sterling trading pairs has left English users disgruntled, but this changed yesterday as the exchange announced the possibility of both deposits and withdrawals in GBP.