About $ 6 million Bitcoin bits have been lost by Canadian MapleChange which will not be reimbursed based on the crypto exchange. Despite this, Bitcoin is stable while billionaire, Tim Draper says he is still on track for $ 250,000 by 2022 and will further transform the government.
913 Bitcoin lost from Canadian exchange, and will not be repaid
Yet another million dollars lost in Bitcoin.
A relatively small Canadian cryptography exchange, MapleChange recently revealed via Twitter that they supported the hacks and investigated the problem only to follow up on this tweet:
Due to a bug, some people managed to withdraw all the funds from our exchange. We are proceeding with a thorough investigation for this. We are extremely sorry that it should end this way. Until the investigation is over, we can not repay anything.
– MapleChange (@MapleChangeEx) 28 October 2018
However, despite losing about 913 bitcoins worth about $ 6 million, the small size of the exchange that only has about 2,000 followers on Twitter has not affected the market. Bitcoin remained stable at around $ 6,500 with less than 1% of movement in the last 24 hours, fluctuating between the range of $ 6,447 and $ 6,503.
Bitcoin 24 hour price chart, source: Coinmarketcap
They further tweeted: "WE CAN NOT repay any BTC or LTC funds, unfortunately, we will do our best to repay all the rest," before another, "We are sending all coin developers the wallets containing the coins we have left. So far, LMO and CCX have been handed over the funds ".
In response, Binance CEO Changpeng Zhao advised users not to use exchanges that do not offer cold wallets.
Wow, someone should classify the exchanges with the wallet. https://t.co/TffMHOnS1J
– CZ Binance (@cz_binance) 28 October 2018
Bitcoin will transform the Gvt. & Still ongoing for $ 250,000 by 2022
In addition, despite the weak performance of Bitcoin for months, venture capitalist and billionaire, Tim Draper has reaffirmed its forecast on Bitcoin prices of $ 250,000 by 2022.
"So now there are $ 86 billion of political currency, they call it" fiat "currency, but it's politics, and I think that currency will be slowly devoured by a better currency that's global, decentralized, frictionless, it's just a better currency. Bitcoin is a better currency, and I think Bitcoin will be one of five cryptocurrencies. "
He also shared that the government will be transformed and the bureaucrat can be replaced with "artificial intelligence, an intelligent contract and the blockchain", stating:
The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication has no responsibility for personal financial loss.