Canadian exchange hacked and lost around $6 million in crypto assets

● Bitcoin (BTC) had fallen to the lowest price it has experienced in the last 12 months, dropping below $5,700.
● Bitcoin's fall led to other cryptocurrency experienced a major sell off.
● The reason as of now for the sudden fall in Bitcoin is unknown.

● KuCoin has raised $20 million from IDG, Matrix and Neo Global.
● Financing will be used to further improve KuCoin platform and hire new stuff.

● Christine Largarde, the managing director of the International Monetary Fund (IMF) highlighted that the international community should opt for Central Bank Issued Digital Currencies (CBDCs).
● She spoke about CBDC's at the Singapore Fintech Festival.
● A day before the speech by Lagarde, the IMF published a report on CBDC's.

● You can now pay the Great Lakes Science Centre in America with cryptocurrency using Bitpay to process the payments.
● This is the third museum in the U.S to add cryptocurrency as a payment option.
● It follows the Museum of the Coastal Bend in Texas and St. Petersburg Museum of history in Florida.

● Bitcoin Group SE which runs popular German Cryptocurrency Exchange Bitcoin.de has acquired a 100% stake of Frankfurt investment bank Tremmel.
● Bitcoin Group SE will use Tremmel's banking licenses to expand it's altcoin offerings along with establishing Cyptocurrency ATM's across Germany.
● Independent sources suggest that the buyout was for a 'seven digit euro' figure.

● Bitcoin's Lightning Network (LN) has passed 4,000 nodes.
● Lightning Network is Bitcoin's second layer designed for faster and cheaper payments.
● The concept of LN is still experimental, and so the next version expects a total of thirty changes to go live which include multi-path payments and other technical features.

● McAfee Labs discovered a crypto jacking malware originating from Russia called WebCobra.
● It is a silent malware which installs a Cryptonight miner or Clarmore's ZCash miner into a person's computer.
● WebCobra is seen to affect Brazil, South Africa and USA. It arrives through rogue PUP installers, with an intelligence of gathering data as soon as possible to start the crypto jacking.

● Bosch's IOT focused group called Bosch Connectivity will collect, upload and sell data of their Cross Domain Development Kit (XDK) on IOTA's Data Marketplace.
● IOTA's Data Marketplace has helped MIOTA's use cases.
● Bosch highlighted IOTA to be used for data monitoring and the operational status of a machine on IOTA's Tangle.

● Hackers had taken over Target's official Twitter account, that gives them access to 1.92 million followers.
● The hackers posted through Target the most popular Crypto scam of giving away thousands of BTC given that ex amount of BTC is deposited in an address.
● The Crypto scam tweet was up for 30 minutes followed by Target finally controlling it's Twitter account.
● Hours later the official Twitter account of Google's G Suite was hacked and seen to post the same type of Cryptocurrency scam to its 800,000 followers.

● The Chief Financial Officer of Binance, Wei Zhoi firmly believes in two critical factors for long-term Cryptocurrency adoption.
● The first factor is a solid cryptocurrency exchange infrastructure which eases purchases of cryptocurrency.
● Secondly, he believes is an increase in high-quality cryptocurrency projects.

● Binance will be suspending certain services for 8 hours as it will be upgrading the platform starting at 14th November 2018 at 2:00 AM UTC.
● Deposits, withdrawals and trading will be paused during these 8 hours.
● Binance cautioned users that the temporary suspension could last for more than 8 hours depending on the upgrade.

● Power Ledger a Blockchain based company which is aiming to create a peer to peer network of affordable electricity recently won the Sir Richard Branson's Extreme Tech Challenge.
● As they won the award, the popular entrepreneur Richard Branson will work alongside the Australian Blockchain company.
● Power Ledger is already working with the Thai government for peer to peer trading.

● Ethereum 2.0 is underway with the deployment of Beacon Chain which will be completed by the end of 2018.
● Ethereum will be made possible by 4 different levels of chains which are Proof-of-Work Main Chain, Beacon Chain, Shard Chain and Virtual Machine Chain.
● Proof-of-Work already exists as the main blockchain while the remaining two chains will be developed after Beacon Chain is deployed successfully.

● Bitmain's reshuffle of its board has resulting in Jihan Wu, the co-founder of Bitmain no longer having any influence on the company's decision.
● Jihan Wu is now a supervisor and not a director and so he is unable to vote on important board decisions.
● Bitmain is undergoing changes due to it's much awaited Initial Public Offering (IPO).

● The MOU for Ripple's technology to be used was signed between Japanese MUFG Bank and Brazil-based Banco Bradesco.
● Ripple's technology will be used to make transactions cheaper and faster between Japan and Brazil.
● Ripple is noted to take only a matter of seconds for cross border transactions as compared to the days taken by SWIFT.