$79 Million in Altcoins Taken from UpBit in Potential Hack – November 27

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$6,911

Bitcoin has fallen by almost 4% today, in yet another day of disappointment for the cryptocurrency markets.

Top-20 altcoins have followed suit, with most coins falling in around the same amount as Bitcoin. XRP and Bitcoin Cash are down 3%, while Ethereum has fallen 4%. Stellar is the biggest loser, down 7% over the last 24 hours.

Top Stories for November 27, 2019 🔥

👉 $79 Million in Altcoins Taken from UpBit in Potential Hack

Large quantities of altcoins have been transferred out of UpBit accounts today to unknown wallets, in a potential hack of the prominent Korean crypto exchange.

UpBit customers have been unable to make transactions on their accounts, sparking panic across the userbase.

The exchange has posted a formal announcement claiming that they are performing server checks, and that they are looking into the matter.

👉 BRIC Economic Block Discuss Multi-National Crypto

The BRIC countries (Brazil, Russia, India, China and South Africa) are discussing the potential issuance of a cross-national cryptocurrency, which would reduce their reliance on the US.

The project aims to reduce the use of the US dollar, as well as the SWIFT payment system.

👉 Decentralized Exchange Volumes on the Rise

Data from a blockchain analytics website has shown significant increases in  decentralized exchange (DEX) volume, over the last week of trading.

This rise translates to a 180% increase in DEX trading volume, dominated by platforms Kyber and Uniswap.

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