India  
NewsR.in
> >

Bitcoin hits 4-month low after currency exchange theft

SeattlePI.com Wednesday, 13 June 2018
Bitcoin hits 4-month low after currency exchange theftLONDON (AP) — The price of bitcoin has fallen to a four-month low of $6,370, days after South Korean virtual currency exchange Coinrail said hackers had stolen over $37 million, or almost a third of the virtual currency it had stored. After Coinrail announced the theft, the price of bitcoin dropped $500 in an hour and it has continued to slide. The decline also follows a Wall Street Journal report that U.S. regulators have asked virtual currency exchanges to provide trading data to aid an investigation into virtual currency manipulation. The reports raised concerns about the future of virtual currency markets. David Jones, Capital.com's chief market strategist, says Bitcoin is "a classic case of an economic bubble.
0
shares
Share on
Facebook
Share on
Twitter
Post on 
Reddit
Share by
Email
 
Source: Wochit Business - < > Embed
News video: Bitcoin Down 53 Percent Since December

▶ Bitcoin Down 53 Percent Since December 00:44

It’s hard out there for people who play with imaginary money. Bitcoin and other cryptocurrencies plunged over the weekend after it was revealed that a South Korean exchange, Coinrail, was hacked. Roughly $42 billion of market value was destroyed in the sell-off, and Bitcoin has lost over 50 percent...

You Might Like


Tweets about this


Other recent news in Technology

RUSSIAN Hackers Targeted U.S. Political Groups, Microsoft SaysMicrosoft Says It Thwarted Attack By RUSSIAN HACKERS
'Star Wars' actress KELLY MARIE TRAN wrote a powerful op-ed addressing racist and sexist online harassment she experienced after 'The Last Jedi'Fin24.com | Steinhoff ex-CFO Ben la Grange could be ordered to appear in PARLIAMENT

Recent related videos

Venezuela Issues New Currency To Simplify Economy [Video]Venezuela Issues New Currency To Simplify Economy

CNN Reports Venezuela issued a new currency Monday in an attempt to bolster its nose-diving economy The troubled country is rolling out the bolivar soberano, or the sovereign bolivar -- a new currency..

Wochit -

Bitcoin ETF Fans Might Find Satisfaction in Sweden [Video]Bitcoin ETF Fans Might Find Satisfaction in Sweden

Aug.16 -- If you want to buy Bitcoin without actually buying Bitcoin, you now have another way to own the controversial digital currency. It’s an exchange-traded note investors can buy more easily..

Bloomberg Global Business -

Bitcoin Falls Below $6,000 [Video]Bitcoin Falls Below $6,000

Markets Insider The entire cryptocurrency market has lost 10% of its value in the last 24-hours. Bitcoin is below $6,000. Ethereum fell 17% on Monday and is down another 7% on Tuesday morning. You can..

Wochit Business -

Indian Rupee Hits An All-Time Low [Video]Indian Rupee Hits An All-Time Low

Thomson Reuters The Indian rupee hit an all-time low versus the dollar. The Turkish lira crisis has hit other currencies, analysts say. India's currency hit an all-time low Monday, signaling that fears..

Wochit Business -

Environmentally friendly: newsR is hosted on servers powered solely by renewable energy
© 2018 newsR / One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter