DDI Blockchain Weekly (June 18th-24th)

3 min read

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…...

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Dr Justin Chan Dr Chan founded DataDrivenInvestor.com (DDI) and is the CEO for JCube Capital Partners. Specialized in strategy development, alternative data analytics and behavioral finance, Dr Chan also has extensive experience in investment management and financial services industries. Prior to forming JCube and DDI, Dr Chan served in the capacity of strategy development in multiple hedge funds, fintech companies, and also served as a senior quantitative strategist at GMO. A published author at professional journals in finance, Dr. Chan holds a Ph.D. degree in finance from UCLA.