Bitcoin Price Prediction as BTC Sees Green for the Week – New Rally Starting?
Bitcoin price prediction for December 27 is bearish, with a drop to $16,600. A cryptocurrency mining pool, BTC.com, and its parent company, BIT Mining Ltd., revealed that the company had been the victim of a cyberattack on December 3 that resulted in the loss of approximately $3 million in assets.
The attacker stole $2.3 million in BIT Mining assets and around $700,000 in BTC.com client assets. The method of the attack has not yet been disclosed by the company. According to the statement, the incident has been reported to the police in Shenzhen, China. Some of BTC.com's assets were recovered as a result of the investigation.
A mining pool, BTC.com, assists many miners in pooling their computational power on a blockchain network to earn money and collect block rewards. It is a top mining pool that provides multi-currency mining services for virtual currencies such as bitcoin. It is now the seventh-largest mining pool on the bitcoin blockchain, according to data provided by the company.
BIT Mining stated that BTC.com will continue to operate as usual and that "aside from its digital asset services," its client fund services are unaffected by the hack.
According to a local news outlet, the Financial Services Agency of Japan will remove the restriction on the domestic use of international stablecoins. It means that Japanese officials are considering lifting the current ban on stablecoins. The changes are included in the new "Revised Payment Services Act," as previously reported.
The proposed measure will bring back foreign stablecoins, but in a different way. Because of the Japanese stablecoin restriction, authorized banks and mobile money providers were able to create stablecoins.
Under the new regulations, the institutions
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