Bitcoin Tumbles Most in Two Weeks Amid South Korea Hack

12 June, 2018, 01:41 | Author: Martin Tyler
  • Cryptocurrencies tumble after S. Korea hack

Even though Coinrail is one of the smaller exchanges, and there was no mention of the cryptocurrency in its statement, Bitcoin's price fell to a low of $6610 after the hack-the lowest it's been in several months. Coinrail only said that it was cooperating with investigators and other exchanges to try and track down the perpetrators and recover the assets. However, South Korean news outlet Yonhap News - via The Guardian - reported that some 40 billion won worth of digital coins were grabbed by the hackers; that's some £27.8m in real-world money. South Korea has been the third largest market for Bitcoin trading in the world after Japan and the U.S. and has also suffered several major exchange hacks resulting in both fear driven activity on the trading side and calls for more stringent regulation from the government.

Coinrail's announcement Monday sent bitcoin prices tumbling to a two-month low. The largest cryptocurrency has lost more than half its value this year, falling by almost two thirds from its record high near $20,000 in December.

Last November - before December's pricing peak - the amount of bitcoin held for investment was roughly three times that held by traders.

How to get help for someone who might be suicidal
Keltz admits the warning signs of someone thinking about committing suicide aren't always easy to see, varying person by person. Suicide is very often an impulsive act, and a person who contemplates it can readily survive if no lethal weapon is at hand.

And cryptocurrency reporter Joseph Young contrasted the viewpoints of an office worker on Monday eager for Friday to arrive with a crypto trader going through the price headwinds.

Global policy makers have warned investors to be cautious in trading the digital currency given the lack of broad regulatory oversight.

"All assets of CoinRail, which have not been leaked, are moved to a cold wallet and are kept safe, and transactions and withdrawals will resume after stabilizing the service".

Salah optimistic of recovery ahead of World Cup
Cuper announced the 23-man squad following a morning practice session in Italy, where the team has camped for the past 10 days. Turkey-based Mahmoud Hassan is the most likely candidate to replace Salah on the right wing for the opening match.

In South Korea, 14 major local cryptocurrency exchanges adopted measures aimed at better protecting users in January this year, including restrictions on creating more than one account.

"We began the investigation immediately after receiving reports from the company".

China’s ZTE will pay $1B fine in deal with US
While it did fire the four employees, the company admitted to making false statements about the others, handing out full bonuses. The decision amounted to a death sentence to ZTE, which relies on US parts and which announced that it was halting operations.

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