Bitcoin and gold are both seen as safe assets, but Bitcoin has stronger advantages in today’s digital world. Bitcoin has a fixed supply of 21 million coins, which protects it from inflation, while gold’s supply keeps increasing through mining. Bitcoin is also much easier to move, store, and divide—you can send it anywhere in minutes with very low cost. Gold is heavy, slow, and expensive to transport. Bitcoin’s blockchain provides full transparency, making ownership clear and secure. In the last decade, BTC has also outperformed gold in returns. As the world becomes more digital, Bitcoin fits the future far better than gold.
South Korean crypto firm accidentally sends $44 billion in bitcoins to users.
South Korean cryptocurrency exchange Bithumb said on Saturday it had accidentally given away more than $40 billion worth of bitcoins to customers as promotional rewards, triggering a sharp selloff on the exchange.
Bithumb apologised for the mistake, which took place on Friday, and said it had recovered 99.7% of the 620,000 bitcoins, worth about $44 billion at current prices. It had restricted trading and withdrawals for the 695 affected customers within 35 minutes of the erroneous distribution on Friday.
The exchange had planned to distribute small cash rewards of 2,000 Korean won ($1.40) or more to each user as part of a promotional event, but winners received at least 2,000 bitcoins each instead, media reports said. "We would like to make it clear that this incident is unrelated to external hacking or security breaches, and there are no problems with system security or customer asset management," Bithumb said in a statement.
But South Korea's financial regulators, including the Financial Services Commission, said the incident "has exposed the vulnerabilities and risks of virtual assets."
After an emergency meeting, the regulators said in a statement they would launch an on-site inspection of Bithumb and other crypto exchanges if irregularities are found during reviews of their internal control systems, as well as their holdings and operations of virtual assets. Bitcoin prices briefly slumped 17% to 81.1 million won on Friday evening on Bithumb, charts from the exchange show. It later recovered and last traded at 104.5 million won.
Bithumb trails Upbit, a dominant player in the South Korean crypto space.
CME Group (Chicago Mercantile Exchange) is planning to launch regulated XLM futures contracts on February 9, 2026, including standard and micro contracts.
These are cash-settled futures under U.S. regulatory oversight, appealing to institutional traders and serious market participants.
Don't give up, Market tests everyone. Small mistakes make you stronger, not poorer(if you protect your capital). Keep learning. Binance Angels truly turn beginners into believers.
We’re 123K strong. Now we want to hear from you. Tell us What wisdom would you pass on to new traders? 💛 and win your share of $500 in USDC.
🔸 Follow @BinanceAngel square account 🔸 Like this post and repost 🔸 Comment What wisdom would you pass on to new traders? 💛 🔸 Fill out the survey: Fill in Survey
Top 50 responses win. Creativity counts. Let your voice lead the celebration. 😇 #Binance
Don't give up, Market tests everyone. Small mistakes make you stronger, not poorer(if you protect your capital). Keep learning. Binance Angels truly turn beginners into believers.
Binance Angels
·
--
Haussier
We’re 123K strong. Now we want to hear from you. Tell us What wisdom would you pass on to new traders? 💛 and win your share of $500 in USDC.
🔸 Follow @BinanceAngel square account 🔸 Like this post and repost 🔸 Comment What wisdom would you pass on to new traders? 💛 🔸 Fill out the survey: Fill in Survey
Top 50 responses win. Creativity counts. Let your voice lead the celebration. 😇 #Binance
click the link and complete Course and earn rewards 🎉 I have completed my course and received the certificate! 🔥 I am getting 2,000,000 rewards from #Marlin $POND ! This achievement is very special to me — learning something new, enhancing skills, and receiving rewards really boosts motivation! 🚀 Learn more, move forward! 💪