DDI Blockchain Weekly (June 18th-24th)

Cryptocurrency markets continued to lose ground last week, with bearish sentiment being strengthened following the 35 billion won ($31 million) hack of South Korea’s Bithumb exchange. The sixth-biggest cryptocurrency trading venue in the world, Bithumb’s attack continues to underline the precariousness of storing cryptocurrency on centralized exchanges . Starting the week at $280 million in total market cap, crypto markets lost around $30 million during the seven days, with a pronounced sell-off occurring towards the end of the week, following the hack. South Korea Announces Blockchain Technology Development Strategy Despite the overall losses, however, there was much to be optimistic about…...