“News neutrality by unbiased coverage”
One News Page
> >

Bitcoin hits 4-month low after currency exchange theft 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,'s chief market strategist, says Bitcoin is "a classic case of an economic bubble.
Share on
Share on
Post on 
Share by
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...

Recent related news

Turkey desperately tries to rescue its national currency as it falls to all-time lows

The Central Bank of Turkey announced measures to protect the financial market of Turkey against the background of the collapse of the Turkish lira and conflict...
PRAVDA - World

CryptoCann™ Report: Investors fly to Bitcoin as Turkish lira tumbles; Trump’s tariffs could burn cannabis industry

The Crypto Report A monetary meltdown in Turkey has ignited a price spike in Bitcoin against the country’s currency -- but it’s not exactly providing...
Proactive Investors - Business

Coinbase Seeks Patent for Security-Enhanced Bitcoin Payment System

Coinbase Seeks Patent for Security-Enhanced Bitcoin Payment System
U.S.-based digital currency exchange Coinbase has filed a patent on a new Bitcoin payment system designed to make cryptocurrency payments safer. The new platform...
Bitcoin Magazine - Markets

Tencent, currency woes drag Hong Kong stocks to 11-month low

Hong Kong’s benchmark index dropped for the fourth day in a row to a 11-month low, weighed down by heavyweight Tencent Holdings and currency woes. Chinese...
S.China Morning Post - Markets

You Might Like

Tweets about this

Other recent news in Technology

NVIDIA Says GPU Sales for Crypto Mining Have Dried UpApple removes 25,000 ‘ILLEGAL’ apps from App Store in China
Here's the latest hint that Apple will launch new APPLE WATCH models next month (AAPL)Logitech’s MX VERTICAL turns the company’s best mouse on its head

Recent related videos

Malaysia, China Sign Bilateral Currency Swap Agreement [Video]Malaysia, China Sign Bilateral Currency Swap Agreement

Aug.20 -- China is ready to increase imports of Malaysian goods, especially palm oil. The two countries signed deals that would improve trade between them. Bloomberg's Tom Mackenzie reports on..

Bloomberg Politics -

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 -

Turkey's currency crisis spreads globally [Video]Turkey's currency crisis spreads globally

Indian rupee hit an all-time low against the US dollar, as the South African rand and the Argentinian peso also saw big drops in recent days.

Al Jazeera STUDIO -

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 -

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2018 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  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   FIND us on Google+  •  FOLLOW us on Pinterest