Right here’s what occurred this week in Bitcoin in 99 seconds.

Binance purchasers take notice; it seems that KYC knowledge from round 10,000 customers have been stolen from the change and leaked on-line. The hacker was making an attempt to blackmail Binance for 300 BTC or would in any other case launch the customers’ photographs. Binance refused to adjust to the blackmail calls for. The change has supplied a 25 BTC reward for information on the attacker.

British tax authority sent demands for buyer data to main UK-based crypto exchanges, together with Coinbase, CEX.IO, and eToro. The company is searching for consumer names and transaction data because it seeks unpaid taxes. This transfer echoes the letters despatched on to clients by America’s IRS in July.

South Korea’s authorities is taking a more active role in crypto regulation. The nation’s Monetary Companies Fee plans to immediately oversee the nation’s crypto exchanges by introducing a brand new system of licenses.

Blockstream, the Bitcoin-focused tech firm revealed it runs two main mining services in Canada and the US. Collectively, their knowledge facilities have 300 megawatts of energy and host mining operations for monetary big, Constancy, and LinkedIn founder, Reid Hoffman. Blockstream plans to host extra mining companions in future.

And at last, at the moment, Bitcoin ranks 11th out of all world currencies when it comes to base cash provide. “Base cash” refers to bodily notes and cash solely. Bitcoin’s market cap is greater than the South Korean Gained and the Australian or Canadian Greenback.

That’s what occurred this week in Bitcoin. See you subsequent week.