Yesterday’s news from Japan about a major crypto exchange hack was noteworthy in a couple of ways. First, at $60M the Zaif theft makes the all-time top five exchange hacks. Small potatoes compared to the billion in tokens stolen from Coincheck ($533M) and Mt. Gox ($460M) but significant money nevertheless. Second, what’s noteworthy is how little impact the news had on the price of bitcoin. Bitcoincharts.com You can clearly see the “oh no!” decline from around $6300 to trades approaching $6100. But the snapback rally to $6500 was almost instant. And perhaps more significantly, as this post was written bitcoin was ... (full story)