The Bitcoin Cash blockchain went through its first halving after being created in August 2017 through a fork of Bitcoin (BTC). Block rewards on it are now of 6.25 BCH per block, and the event foreshadows BTC’s own halving next month.

Forbes’ new billionaire list includes four cryptocurrency entrepreneurs, although there are believed to be other billionaires who made their fortunes in the cryptocurrency space.

Decentralized cryptocurrency exchange Bisq has revealed a hacker exploited a security flaw in its system to steal $250,000 in BTC and XMR from other users.

Top stories in the Crypto Roundup today:

• Bitcoin Cash Went Through Its First Block Reward Halving
• Forbes’ New Billionaire List Includes Four Crypto Entrepreneurs
• Decentralized Crypto Exchange Bisq Exploited for $250,000

At the time of writing, bitcoin (BTC) is trading at $7,357.07 (1.22%) with a daily Top Tier volume of $924 million. As for ether (ETH), it is trading at $173.25 (2.61%) with a daily Top Tier volume of $1.64 bn. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 2,685.85 (0.97%).

Bitcoin Cash Went Through Its First Block Reward Halving

The Bitcoin Cash (BCH) blockchain has undergone its first block reward halving. At block height 630,000 at roughly 12:20 UTC on Wednesday, April 8, the halving was triggered and block rewards on the cryptocurrency dropped from 12.5 BCH to 6.25 BCH per block.

The halving’s immediate effects are a drop in revenue for miners competing for the block rewards, but some analysts believe these events lead to price rises as demand for the cryptocurrency doesn’t drop, but its supply is abruptly cut in half.

Ahead of the halving the mining difficulty and hashrate on the Bitcoin Cash blockchain have been on a downward trend, along with the cryptocurrency’s price. The halving hasn’t so far had any significant effects on the price of BCH, which dropped from a $500 high seen earlier this year to about $140 after the March 12-13 market crash.

Since then the cryptocurrency, along with the rest of the crypto market, has been recovering. It’s worth noting there was an uptick in the number of transactions being processed on BCH ahead of the halving, as seen in the chart above.

The Bitcoin Cash halving event foreshadows the halving schedule for the Bitcoin (BTC) network in about 35 days. Bitcoin’s hashrate has been rising over the last few months, as miners are betting on the cryptocurrency ahead of the event. Bitcoin SV, a fork of Bitcoin Cash, will undergo its block reward halving later today.

Forbes’ New Billionaire List Includes Four Crypto Entrepreneurs

Forbes’ new billionaire list, topped by Amazon CEO Jeff Bezos, includes four cryptocurrency entrepreneurs, with a combined net worth of $8.7 billion. The list also includes Microsoft founder Bill Gates and American investor Warren Buffett.

The members of the cryptocurrency industry mentioned in the list are Bitmain co-founders Micree Zhan and Jihan Wu, Ripple co-founder Chris Larsen, and Coinbase chief executive Brian Armstrong. Their net worths are estimated to be $3.3 billion, $1.8 billion, $2.6 billion, and $1 billion respectively.

There are, however, other billionaires in the cryptocurrency space. ConsenSys founder Joseph Lubin and Binance CEO Changpeng Zhao have both appeared on Forbes’ “richest people in cryptocurrency” list in 2018, with an estimated net worth of $1 - $5 billion and $1.1 - $2 billion respectively.

Decentralized Crypto Exchange Bisq Exploited for $250,000

Decentralized cryptocurrency exchange Bisq, which allows for peer-to-peer trading, has halted trading on Tuesday after uncovering a “critical security vulnerability.” At the time the exchange didn’t release any information regarding the flaw, but advised users to not make any transactions.

About 18 hours after the halt, Bisq revealed it halted trading after finding a hacker exploited a flaw in its software to steal cryptocurrency from other users. In a statement, Bisq wrote:

“About 24 hours ago, we discovered that an attacker was able to exploit a flaw in the Bisq trade protocol, targeting individual trades in order to steal trading capital. We are aware of approximately 3 BTC and 4,000 XMR stolen from 7 different victims. This is the situation as we know it so far.”

To steal the about $250,000 worth of cryptocurrency from the victims, the hacker managed to set other users’ fallback address – the address the funds are sent to if a trade isn’t successful – to their own.

The hacker posed as a seller to trade with a buyer, and then just waited for the time limit to run out. When it did, the funds would end up on the hackers’ address.

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