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Yesterday, August 10, the Bitcoin price soared to $600, and then dropped to $593.  The reason for this growth was the resumption of BTC trading at the Bitfinex Exchange.

Because of the hack of the Bitfinex exchange on August 2, all cryptocurrencies this week fell. Litecoin’s price fell to the lowest level of the month, but a day later it began recovering as did the other cryptocurrencies.

August 3, 2016 Bitfinex reveals 119,756 Bitcoins have been stolen from the exchange customers’ accounts. The compromise is limited to Bitcoins. Altcoin balances traded on Bitfinex are unaffected. Trading, withdrawals, and deposits are still frozen.

On August 2, 2016 18:16 UTC Bitfinex, Bitcoin and Altcoin exchange announced that it is dealing with a security breach that affects some of its Bitcoin wallet balances. Trading on Bitfinex is halted as well as Bitcoin and Altcoin withdrawals and deposits.

Roman Mandeleil to gather new group of Ethereum Hackers to earn $50,000 in the second attempt. The founder called this event the second <ether.camp>.

As of 12:00pm GMT yesterday, a majority of Ethereum Network miners agreed to fork the Ethereum blockchain in order to refund Ether that was hacked from the DAO (Decentralized Autonomous Organization). Now the Ethereum community must choose their DAO (“a way” in Chinese) with which coin they will support.

CEO of Steemit Ned Scott promised that any Steem or Steem Dollars stolen from compromised accounts will be fully refunded by Steemit.

Blockchain-powered social network Steemit was subjected to a cyber attack on July 14, 2016. Security team is busy working on the investigation and developing an immediate solution to protect users.

Fred Ehrsam, co-founder of the cryptocurrency exchange operator Coinbase, cautioned against Ethereum hard fork development and changes to the Blockchain code on the platform.