2016/08/04 12:00 PM

Bitfinex gets hacked, the first feature film funded via cryptocurrency is announced, and bitcoin and cannabis seek to join hands. Want to catch up on the latest digital currency news? Take a look below.

Also read: Industry Report: No Bitcoin Crime Goes Unpunished


The bitcoin price has undergone a massive drop following a cyber-attack on Hong Kong-based bitcoin exchange Bitfinex, which has resulted in nearly $70 million stolen from users’ accounts.


Blockchain security company BitGo has released a statement to customers, explaining:

“You may have read that Bitfinex announced a security breach, today. We are working with Bitfinex to determine what happened. To date, our investigation has found no evidence of any compromise of BitGo servers or services. We believe the compromise is isolated to Bitfinex. The security of your transactions is our highest priority. We will keep you up to date as the situation…

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