In the latest crypto news on the DC Forecasts daily news video, our reporter is covering the weekly price analysis of Bitcoin and other major cryptocurrencies. Bitcoin decreased below the $6,300 mark while other cryptocurrencies suffered a bigger hit.
Next up we have the announcement of the crypto giant exchange Bitfinex suspending all fiat deposits. Bitfinex suspended all fiat deposits for Dollars, Euros and the Japanese Yen without giving an explanation for this decision.
As an update about the crypto exchange Zaif, we have their announcement that the exchange has worked on a compensation plan to cover the losses of its users after the hack attack which cost Zaif a stunning $59 million.
We cover also some interesting news about the crypto entrepreneurs that are on the list of richest people in China. In the list, there are individuals with over $209 million in net worth. The ranking includes industry players such as Micree Zhan Ketuan, co-founder of chips at Bitmain Technologies, with an estimated wealth of $2.4 billion
To sum up the daily crypto news, our reporter goes through some regulation news where South Korea will be deciding whether initial coin offerings (ICOs) will be approved or rejected again in the country, according to a statement from a top-level official.
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