The hack of the Japanese exchange in 2014 resulted in the loss of 850,000 Bitcoin, then worth close to $1B, and marked the beginning of a prolonged bear market for Bitcoin.

Eventually 200,000 Bitcoin were recovered but Japanese bankruptcy rules stipulated that Mt Gox account owners will get their money back in US Dollars, meaning they'll lose the appreciation of Bitcoin since the 2014 hack. Naturally, Mt Gox account holders were outraged by the idea that the exchange would profit hundreds of millions of dollars by being hacked.

Now they may have caught a break. The exchange has transitioned from bankruptcy to civil rehabilitation, a process which will allow it to return all of its assets (currently 138,000 Bitcoin) to account holders.

The rehabilitation is expected to start in February 2019 and the Mt Gox trustee is not expected to sell more of the exchange's Bitcoin until then.

Rapper Akon has announced plans to build a "real-life Wakanda" in Senegal using his own cryptocurrency, the Akoin.

Wakanda is a fictional city ruled by Marvel's Black Panther superhero. The city is extremely wealthy, powerful, and futuristic thanks to a fictional metal called vibranium.

Akon announced on Monday that the Senegal government has given him 2,000 acres of land to get started.

Aside from that, details are sparse. Akon and Senegal did not respond to BBC's request for more information, but according to Akon's website the city will be located 5 minutes away from the new international airport and a short distance from the capital city of Dakar.

Based on those location details, the BBC is theorizing that Akon's "Wakanda" is actually Diamniadio, a new city in that area currently being built.

According to the Akoin website, the Akoin will be at the heart of the city's "transactional life" and eventually it will be "established as stable currency alternative throughout Africa."

"It brings the power back to the people and brings the security back into the currency system," Akon elaborated at Cannes Lions on Monday. The rapper went on to say that he leaves the technical details to "the geeks."

Many believe Akon's plan is flawed, especially due to the fact that only 34% of Senegal's population own a smartphone.

In the past 24 hours Bitcoin has dropped 9.5% and Ethereum 11.5%, while total crypto market cap was cut by approximately $25 billion to $255 billion. Bitcoin marked a 2018 low of $5,925 while later recovering slightly to $6,100.

The dip is not clearly related to any recent news. Some attribute it to new regulation in Japan which increases anti-money laundering regulation while others connect it to the departure of top Bitfinex and Tether executive Phil Potter, perhaps signaling trouble with the stablecoin valued $2.6B. Naturally, the drop could just be regular crypto fluctuations...

Back in February, fintech company Robinhood was gaining 200,000 new customers per day after it launched Robinhood Crypto, a cryptocurrency trading app. But despite the company’s overwhelming success – it now boasts more customers than E*Trade – Robinhood isn't earning much from its cryptocurrency trades. And CEO Vlad Tenev says he’s okay with that.

“We don’t intend to make very much money on it at all for the foreseeable future,” Tenev said in a recent interview with Fortune. “We intend to operate it as a break-even business.”

The company sees crypto trading as an entry point for customers who, it hopes, will later trade in other financial instruments that earn more.

“The thinking behind that is what we’re really doing is building an ecosystem,” Tenev says. “Right now the products are investing products, so crypto slots in very nicely alongside the 10,000 plus other instruments that people can trade.”

On Tuesday, the Korean exchange reported on Twitter that $30M worth of cryptocurrency were stolen from their accounts and that users would be reimbursed. The tweets were subsequently deleted.

Now the company has issued an official statement in which it reconfirms that 35 billion Korean Won ($31.5M) of crypto was stolen from the exchange but surprisingly says that some of the crypto will likely be recovered. Recovery of stolen funds in crypto hacks is very rare.

Reports vary as to how exactly the stolen funds may be recovered. While some said that some of the funds weren't actually stolen but were only 'vulnerable', others say that Bithumb has been in touch with other exchanges and additional unknown actors, allowing it to recover a portion of the funds.

Despite being well known for securing the president, the Secret Service has another important role - investigations into currency counterfeiting, fraud, and additional financial crimes.

In a testimony before Congress, top Secret Service official Robert Novy addressed the issue of digital currencies, saying that the Secret Service is concerned about their use in illegal activity like ransomware hacking attacks and international transfer of funds while disregarding money laundering law.

Novy voiced specific concerns about anonymous cryptocurrencies (like Monero and Zcash) which allow transactions to be secret and confidential. He suggested that regulators and legislators should consider specifics measures to prevent criminal activity using these anonymous cryptocurrencies, though he didn't recommend specific measures.

Japan has already required local exchanges to delist Monero, Zcash, and Dash because of their anonymous characteristics.

Tether, a cryptocurrency with a $2.6B market cap, is a US Dollar stablecoin which says that it holds equivalent reserves in US dollars, and has promised to conduct constant audits attesting to the existence of the funds.

Critics have alleged that in fact Tether isn't fully funded and that it's being used for market manipulation. Last year, Tether hired auditor Friedman LLP but fired them before the audit was concluded, claiming that Friedman was unable to handle the complexity of blockchain.

Now Tether is producing a "transparency report" from top US law firm Freeh, Sporkin & Sullivan, in which the lawyers acknowledge that on June 1 2018 Tether had at least the reported funds in its bank account.

While Tether supporters see the report as vindicating, its critics are still demanding a full audit, proving the funds were always in the account and are currently available to account owners.

Bithumb, the #7 exchange in market cap according to CoinMarketCap, has announced on Twitter that it's suspending all withdrawals and deposits due to a $30M hack. The exchange says that the funds were held in hot wallets, e.g. wallets that are connected to the Internet, in contrast to 'cold storage' wallets which are not connected to the Internet.

Bithumb has already said that it will reimburse users of the funds.