Bitcoin is still floating around the $7,000 level. In the weekly chart,  price has already crossed below the 50 MA. Possible scenarios in the  weekly:

a) full on red candle which could possibly indicate continued selling pressure; may push the price down back to 6,000+ level.
b)  current price action is a possible overshoot and price to retest 8,000 -  9,000 level. Meanwhile, the daily is on track to hit levels as it is  now hovering around 7,000 (S1 -immediate support).  

Global market cap is at $193B, while BTC's market cap is at $128B.

Canadian law firm Miller  Thomson has made a request to the Royal Canadian Mounted Police (RCMP)  to exhume and examine the body of Gerald Cotten, the deceased owner of  the now-defunct Canadian crypto exchange QuadrigaCX. The request was  made due to the "questionable circumstances surrounding Mr. Cotten's  death and the significant losses" of Quadriga's customers. The exchange  has been in a lengthy court case over the last year due to Cotten's  supposed death and subsequent loss of access to the firm's crypto assets  totaling to over $190 million.

Miller Thomson has questioned  the certainty of Cotten's death which was reported in December of last  year. Many have speculated that Cotten may have faked his own death,  taking with him the private keys and crypto assets of the exchange.

JUST IN: A @vechainofficial buyback wallet containing 1.1 billion $VET was compromised by an unknown hacker, the firm said Friday. @wsfoxley reports— CoinDesk (@coindesk) December 13, 2019

VeChain Foundation's buyback wallet has been hacked at  12:27 UTC on Friday. According to VeChain, funds amounting to 1.1B VET  tokens ($6.5 million) have been withdrawn to a private address. The  transaction has been tracked and the firm is working with cybersecurity  firm Hacken to isolate the tokens' flow to various exchanges.

The firm has attributed the incident to human error within the foundation and applied necessary corrections to their protocols.

Yang Zuoxing, the founder and CEO of bitcoin miner maker MicroBT, has been arrested on the allegation of embezzlement of 100,000 yuan, around $15,000.  MicroBT, the Shenzhen-based company, is one of the main competitors of  Bitmain, and has been challenging their market dominance this year, with  MicroBT's WhatsMiner bitcoin mining equipment raking in around 40% of  market share.

Yang was a former employee of Bitmain, and it is unsure whether his alleged embezzlement is from his own firm or from Bitmain.

Grant Thornton New Zealand, liquidator for collapsed exchange Cryptopia, managed to retrieve NZ$7.2 million (US$4.74 million).  Overall NZ$10.9 million was recovered which include NZ$5 million from  third-party trust fund, NZ$4.4 million from the conversion of the  exchange's 344 bitcoins and NZ$200,000 from the sale of assets.  Challenges arise as the liquidation process incurred around NZ$3.7  million from distribution to preferential creditors, salaries, legal  expenses, and liquidator fees leaving NZ$7.2 million that can  potentially be refunded to users.

The liquidator also pointed  out the difficulty in determining how much of which assets customers  held on Cryptopia as the customers did not have individual wallets, and  crypto assets were instead pooled in general wallets. The liquidator is  expected to provide an update to stakeholders after the High Court  hearing in February 2020.

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