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IOTA network resumes operations after hacking, and trading volume of BTC options hits a record

IOTA network is back online after hack

IOTA Foundation relaunches network after being suspended because of a hacker attack.

On February 12, 2020, attackers stole 8.55 million tokens (about $2million) from the official Trinity wallet, affecting 50 users. IOTA founder David Sønstebø promised to pay victims back from his own wallet.

The company intends to continue cooperation with the FBI, the police of Great Britain, Germany and Malta to find the criminals.

Mark Cuban compared buying bitcoin and gold to collecting

American billionaire and owner of the NBA Dallas Mavericks club, Mark Cuban, once again spoke about cryptocurrencies, comparing them to gold and collectables.

“With Bitcoin, some people value it as a store of value, which makes it like baseball cards, art [and] gold,” he said.

Cuban, however, noted the value of the blockchain technology:

“When people say cryptocurrencies have no intrinsic value, they usually lose sight of the value of blockchain technology,” he added.

Bitcoin options saw record volume

On March 9, BTC options set a new trading record of $198 million.

According to the analytical service Skew, interest in options has grown amid an increase in bitcoin exchange rate volatility up to 65%.

The Deribit derivatives platform registered 86% of transactions worth about $170 million. The second most popular was the OKEx exchange with a trading volume of $23 million, followed by LedgerX and Bakkt. CME, which launched cryptocurrency instruments in January this year, registered only about 1% of the trade turnover.