Hodler’s Digest, Nov. 25–Dec. 1

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.

Top Stories This Week

Crypto exchange Upbit confirms theft of 342,000 ETH

Another week, another hack — leaving us all with a distinct sense of déjà vu. On Wednesday, the major South Korean crypto exchange Upbit confirmed that a whopping 342,000 Ether (ETH) had been stolen from its hot wallet — funds worth an estimated $50 million at the time of writing. The company stopped short of describing the incident as a hack and said that all remaining crypto assets have since been moved into cold storage. Deposits and withdrawals are going to be suspended for at least two weeks, and Upbit said corporate funds will be used to protect user assets. In recent days, rumors have been swirling that the incident could have been an inside job.

Indian government to issue national blockchain strategy

Despite taking a hardline stance on crypto, India has announced that it is working on a national blockchain strategy to accelerate the technology’s adoption. Officials believe that blockchain could transform a plethora of sectors, including governance, banking, finance and cybersecurity. Several Indian states have already been drawing up policies relating to blockchain and artificial intelligence, including Tamil Nadu and Telangana. This month, hopes were raised in the crypto community after a controversial bill that proposes a 10-year jail term for those caught dealing in digital currencies was postponed, with lawmakers failing to introduce it during the winter session of parliament.

China: Five crypto exchanges halt or shut services amid perceived crackdown

It’s been a bad month for Chinese crypto exchanges. In November, at least five platforms have either decided to halt operations temporarily or close up shop…

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