Bitcoin

Bitcoin Daily: Circle Rolls Out Full Version Of Crypto App, Hackers Steal $1.7M In Verge XVG Coins

Cryptocurrency

The Verge XVG cryptocurrency has reportedly been exploited through another hack, The Next Web reported. This time, it appears that hackers have made off with about 35 million XVG coins. According to the latest CoinMarketCap price, those coins were worth more than $1.7 million. The theft comes about a month after 250,000 XVG were stolen in another hack in April. One Bitcointalk.org user claimed that hackers relied on the same vulnerability for both thefts.

And the mayor of Seoul has thrown his support behind the blockchain as he seeks to be re-elected, CoinDesk reported. Per a report in CoinDesk Korea, Mayor Park Won-soon wants a district in his city to grow into a center for development of blockchain technology. The news comes about a month after the mayor said he wanted the city to create its own cryptocurrency, called “S-Coin,” that could be used for social benefit programs.

In other news, a bank in Argentina will start allowing customers to use bitcoin for cross-border payments, CoinDesk reported: Banco Masventas will offer the service through a partnership with Bitex. The move comes along with a bigger digital push by the bank.

“One of the actions was to contract Bitex as a strategic partner in the implementation of the Bitex platform for payments and collections operations for our clients abroad,” Jose Dakak, a principal shareholder of Masventas, said in a statement.

And Circle is rolling out the full version of its crypto app a few months after its soft launch in March, CoinDesk reported. The company had previously unveiled the app in November before rolling it out to 46 states in a period of “early access availability.” The full version includes a feature called “Buy The Market,” which is designed for new users.

“‘Buy the Market’ is just a very easy way to invest in the seven supported assets on Circle Invest—you choose the funds you’d like to invest in, and we do the rest,” senior product manager Rachel Mayer told CoinDesk. “We automatically divide the investment into each specific coin market cap waiting and you can purchase the coin instantly.”

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