Japanese Exchange Zaif was reported to have suffered some security breach that resulted in about 59.7 M$ being stolen from the exchange. the hackers carted away with Bitcoin (5966), bitcoin cash and some Monacoin. It is not clear yet when or if customers will be fully reimbursed for the losses.
Zaif is operated by Tech Bureau Inc.under a regulated environment by Financial Service Agency- Japans foremost regulatory agency.
It is not likely that the market will react much to the hack ( or maybe it has already as we saw bitcoin slide to 6100 range and back up to 6400$ within an hour or this was caused by the CBOE future closure).
This brings to bear once again the need to never leave some substantial amount of exchanges.

https://cointelegraph.com/news/japanese-cryptocurrency-exchange-hacked-59-million-in-losses-reported
https://jp.reuters.com/article/zaif-tech-bureau-inspection-idJPKCN1M001Y

90% of those who are talking about death of bitcoin are the same people who are trying so hard to buy bitcoin when it drops a small 5% so that they can accumulate a tiny bit more.
The rest 10% are the newbies who fall for the 90% FUD and are scared of the situation.

Brian Kelly, the founder, and CEO of an investment firm focused on digital currencies BKCM LLC, believes that Ethereum will be a better investment than Bitcoin.
Brian Kelly, from his point of view, points out the following reasons:

👉1. Ethereum Futures Contracts
First, Kelly believes that Ethereal futures contracts or ETH Futures will soon be launched, as the US Securities and Exchange Commission (SEC) has officially decided that the Ether is not a security. This action has removed the biggest obstacle for Ethereum – The 2nd ranked coin in market capitalization to institutional investment.
However, what Kelly does not mention is that launching the Future Ethereum could more likely to pull down the price of this second-largest cryptocurrency rather than help it.
Since the launch of the Bitcoin futures contract, Bitcoin’s price has plummeted and many blamed the use of investment tools to manipulate the market for this decline.

👉2. Augur
Secondly, Kelly pointed out that the Augur platform was one of the main reasons for Ethereum's rapid growth when compared to Bitcoin.
As described by the analyst, " It’s a decentralized prediction market. What’s interesting about this [is that] this will probably be one of the biggest decentralized apps on top of Ethereum. If [augur] doesn’t slow the system down, that can generally be a positive for Ethereum."

👉3. Proof-of-Stake Protocol
Finally, Ethereum's upgrade from hardware mining to software mining will drive the continued growth of the cryptocurrency.
Ethereum creator - Vitalik Buterin, also recently explained that Ethereum's scalability improvements to the layer solutions will multiply one to another - improving the number of users that the system can handle, which increase the processing capacity of up to 1 million transactions per second.
However, this refers to the fact that Bitcoin and Ethereum are not fully competitive. Upgrading the Ethereum platform is likely to serve more of a rivalry between competitors like EOS, while Bitcoin will remain its top position in transferring and storing value.

 👉👉As a Rothscoin investor, what do you think?

so many altcoins have sprung up and were created to support the daily activities of the members. do you think there will be an altcoin that will replace bitcoin as a crypto currency?