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      "body": "![GitHub Logo](http://i1216.photobucket.com/albums/dd374/mybux/cat-640x480_zpslnlpxr23.jpg)\n\n_**It’s been quite a ride on the cryptocurrency rollercoaster this summer. The price of Bitcoin has rebounded after the Bitfinex theft caused price to plummet over 20%. It has now rebounded back to around $580 as the exchange has released details of reopening.**_\n\n# **Bitcoin Pares Losses, Bitfinex to Reopen**\n\nOn August 2, Bitcoin exchange Bitfinex was [breached](https://news.bitcoin.com/bitfinex-hack-bitcoin/) for a loss of roughly $60-70 million worth of cryptocurrency. Official confirmation of the total loss of funds has yet to be announced.\n\nAt the same time, the Bitcoin community has been pretty upset about the incident and is concerned about the lack of information the company has provided so far. However, the Hong Kong-based exchange did give an update on August 3, explaining they will be operational in the near future. Their [website](http://bitfinex.statuspage.io/) states: \n\n![GitHub Logo](http://i1216.photobucket.com/albums/dd374/mybux/Bitfinex_zpsd2wculsi.jpg)\n\n# **Stolen Bitcoin May Be Given Away**\n\nSince the attack took place, a person [claiming](http://www.964eagle.co.uk/news/world-news/2058585/bitcoin-heist-mastermind-in-450k-giveaway/) to be the hacker behind the heist has announced a £450,000 online prize give away. A Redditor named “rekcahxfb,” which spells bfxhacker backwards, told people on the social media forum that in a week 1,000 BTC will be given away to a lucky person who leaves their Bitcoin address. \n\n![GitHub Logo](http://i1216.photobucket.com/albums/dd374/mybux/Stolen%20BTC_zpsj6h1ekvx.jpg)\n\nThe user has said to have proven to posses the funds and has sent 10 BTC to a random address to confirm. The hackers offer was also posted to the BitcoinTalk forum with over a hundred people replying and leaving their addresses. Some have speculated that this could be a master plan to basically send the money to themselves as the hacker could leave their own address and pretend to be giving it away.\n\nWith the community reeling over this latest incident spirits seem to be rising back as the price of Bitcoin pushed closer to the $600 range meeting resistance at $575. A robust rebound from the day before’s drop to $480.\n\nCharts show that an uptrend began yesterday afternoon with both volume and buy pressure increasing. Furthermore, Bitcoin.com [reported yesterday](https://news.bitcoin.com/bitfinex-hack-bitcoin-investors/) that investors have not been deterred. The investment publication Seeking Alpha even [stated](http://seekingalpha.com/article/3995029-latest-bitcoin-hack-presents-buying-opportunity) that the “the latest Bitcoin hack presents a buying opportunity.”\n\n# **Buyers Are Back in Action**\n\nThe [twelve-hour chart](https://charts.bitcoin.com/price) from last night’s trading sessions shows a triangular pattern forming with a floor of $560 to sell walls in the $575 upper range. If the price can maneuver past this trend line pattern, it could possibly get back into the $600 range and above. However, bears may be lurking and momentum could quickly reverse if more bad news is received from Bitfinex.\n\n![GitHub Logo](http://i1216.photobucket.com/albums/dd374/mybux/chrt22_zpsl2kuzpwp.jpg)\n\nThe mainstream media did roll out [many stories](http://www.bloomberg.com/news/articles/2016-08-03/bitcoin-plunges-after-hackers-breach-h-k-exchange-steal-coins) about the heist. Fortunately, most of them got it right this time by blaming the exchange factor rather than alluding to Bitcoin itself.\n\nAll in all, it is safe to say the past few weeks of stability or “perma-bull state” has left the building. But while there still could be some rough seas ahead for long term traders, significant arbitrage opportunities are now in play for day traders and speculators.\n\n_**Upvote & Comment, please.....**_\n**Thanks You**",
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      "body": "![GitHub Logo](http://i1216.photobucket.com/albums/dd374/mybux/FutureGraphic%2018_zpsum3wuvt2.jpg)\n\nFuturenet offers you an excellent platform to earn income from the Internet on a daily basis.\nPlease check this Futurenet Videos:\nhttps://www.youtube.com/playlist?list=PLYz-bbCG87nj6hy9GjGrNlwNFCglVTLwk\n\nBased online platform from Poland, FutureNet recently announced their plans to introduce their online money making services to other countries. In their latest announcement FutureNet unveiled that they will now be entering the Asian market by spanning their reach in regions including Indonesia, China, India and Malaysia after conquering Europe. The FutureNet Club will formally launch in Asia on August 15th, 2016, after which anyone would be able to benefit from the daily income opportunity.\n\nSpeaking about what users in Asia can expect from FutureNet Indonesia, the company spokesperson said: “Have fun, enjoy fantastic multimedia opportunities, meet friends and make money. Futurenet offers you an excellent platform to earn income from the Internet on a daily basis. Anyone can join our platform to capitalize on the time they spend online by making money. We have all the material you need to get started and begin earning on the FutureNet platform.”\n\nThis platform claims to be a different and more superior in many ways to most other platforms. Firstly, it has been designed for people who are new to the world of online social media business. Although there is a learning curve involved, the developers of FutureNet have ensured that is easy to grasp and follow for people with little to no knowledge about the concept. The developers have also modified the system in many ways to match the needs of their Asian market, which will make it easier for the local users to adapt and grow with the system as it builds.\n\nThe learning materials provided on the website is in the form of easy to follow video, ebooks, electronic magazines and webinar conducted by the experts. People who wish to become the part of the FutureNet Club in Asia can visit the website to register. The celebrate the launch of the FutureNet platform; registrations will be free of cost. Upon registering members will have exclusive access to learning materials, they will also be able to communicate and socialize with other members to work and grow together as a team and increase their earnings.\n\n![GitHub Logo](http://i1216.photobucket.com/albums/dd374/mybux/Products_zpsmtlpl0qw.jpg)\n\nThe company expects a favorable response by the Asian market after their success in Europe and Australia. They believe that the current situation shows great promise because people in Asia are looking for ways to earn online.\n\nFuturenet offers you an excellent platform to earn income from the Internet on a daily basis. For more information, please visit: http://btchunter.futurenet.club\n\nPotential Income of Friends Bonus from Futurenet Matrix 3x10\n![GitHub Logo](http://i1216.photobucket.com/albums/dd374/mybux/Friends%20Bonus2_zpsx7wzn4he.jpg)\n\nCareer Bonus\n![GitHub Logo](http://i1216.photobucket.com/albums/dd374/mybux/Career%20Plan_zpsmokscfm5.png)\n\nGrand Prize Bonus\n![GitHub Logo](http://i1216.photobucket.com/albums/dd374/mybux/Grand%20Prize_zpsqr8mzqrw.png)\n\nYou can START with ONLY $10...!!!\nYes, Upgrade Membership with ONLY $10 (One Time Payment) & START developing your Network.\nRegister: : http://btchunter.futurenet.club",
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      "title": "Bitcoin Price Plummets with Bitfinex Theft of 119,756 Bitcoins",
      "body": "Bitcoin price crashed today as bitfinex dramatically announced a “security breach” that led to the theft of an unconfirmed number of bitcoins. The biggest USD bitcoin exchange further announced a shutting down of its website and trading in ominous signs reminiscent of MT Gox.\nhttps://www.bitfinex.com\n\nWe are awaiting confirmation, but circulating rumors are suggesting that an incredible 125,000 bitcoins, valued at almost $100 million, may have been hacked. \n\nf the suggested evidence is correct, this would be the largest theft in bitcoin’s space since MT Gox. We have been unable to confirm any detail as we have received no response. It is not, therefore, known how the hack may have occurred, especially on such a scale, or if the rumors and the little evidence we have are correct, considering bitfinex’s assumed use of cold wallets. Moreover, from our understanding, they use a two of three multisig, with one key held by Bitgo. It is not, therefore, at all clear how such a staggering amount may have been stolen.\n\nBitfinex has, however, been experiencing numerous problems over the past few months, leading to an unexpected freezing of trading on at least two occasions, both of which caused a crash in bitcoin’s price by almost $100 in each instance. The official statement at the time was that they were some problems with their data servers, and they were working hard to resolve them, but no post-mortem investigative report was published as far as we are aware.\n\nBitfinex was fined by CFTC $75,000 “for offering illegal off-exchange financed retail commodity transactions and failing to register as a futures commission merchant,” in early June, but Zane Tackett, Director of Community and Product Development at Bitfinex, strongly denied any connection between previous outages and CFTC’s fine.\n\nWe’re likely to hear much more detail on this deeply shocking latest announcement from Bitfinex in the coming days and perhaps months, especially if the staggering amount is correct. For now, we urge caution as the story is evolving.",
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