Bitcoin Tumbles Most in Two Weeks Amid South Korea Exchange Hack

12 June, 2018, 01:40 | Author: Sheri Evans
  • Enlarge this image

Bitcoin extended losses for a third day, tumbling as much as 12 per cent Sunday as South Korean cryptocurrency exchange Coinrail said there was a "cyber intrusion" in its system. "Coinrail confirmed in its statement that the exchange is fully cooperating with a police investigation into the hacking, and that trading has been suspended for now". The venues have come under growing scrutiny in South Korea, the USA and other large economies in recent months amid a range of issues including thefts, market manipulation and money laundering.

A statement on the exchange's site sought to reassure users - saying that the remainder of the coins were "safely stored" - but Reuters reports that the value of Bitcoin tumbled to two-month lows in the hack's aftermath.

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

Porsche Taycan is the brand's first fully electric vehicle
The Taycan is now tested in prototype form and shouldn't be much different from the Mission E concept , at least performance-wise. The future of mobility is another step closer: Series production of the first purely electric Porsche is set to begin next year.

Cryptocurrencies are still popular, especially with young investors.

In 2014, Tokyo-based Mt Gox, which once handled 80% of the world's bitcoin trades, filed for bankruptcy after losing bitcoins worth around half a billion dollars. That widens Bitcoin's losses for the year to 53 per cent.

South Korea has emerged as a hotbed for trading in virtual currencies over the previous year.

NASA finds more evidence that Mars could have once supported life
Louis. "I'm confident that our ongoing and planned missions will unlock even more breathtaking discoveries on the red planet". The material was discovered by the Mars Curiosity rover, which has been collecting data on the Red Planet since August 2012.

Cryptocurrencies have plunged since the end of 2017, when bitcoin hit a record high near US$20,000, having surged from less than US$1,000 just 11 months earlier.

The remaining coins within Coinrail seem to have been secured by Coinrail through the migration of assets onto cold storage wallets.

The company said it asked for technical support from the state-run Korea Internet & Security Agency. "Also, please understand that all related matters are hard to share all progress to exclude all possibilities that may interfere with the investigation due to an investigation by police agencies".

Trump says he won't invite Warriors or Cavaliers to White House
So I want to give him full credit when his team beats the Cleveland Cavaliers for another league championship. A large group of Eagles players had decided not to attend.

Recommended:

  • President Trump delivers warning on trade as he leaves G-7 summit

    President Trump delivers warning on trade as he leaves G-7 summit

    On board Air Force One, an AFP reporter was told that Trump had approved the agreement, only to be told later of the tweets. Navarro calls that a "socialist communique" that Trump pulled out of. "We're not looking to play games", Trump added.
    Fallout 76 is 4 times the size of Fallout 4

    Fallout 76 is 4 times the size of Fallout 4

    The world's been taken over by nature, and Howard says that the game is about rebuilding the city, state and entire country. Fallout Shelter puts you in control of a state-of-the-art underground Vault from Vault-Tec.

    Pulev fumes at Whyte, Hearn after fight falls through

    New Zealander Parker lost his WBO crown to Anthony Joshua , now holder of three of the world heavyweight titles, in Cardiff in a blockbuster unification contest in March attended by 80,000 fans at the Principality Stadium.
  • How to get help for someone who might be suicidal

    How to get help for someone who might be suicidal

    Of the 25 states where the suicide rate increase by more than 30 percent, the most noticeable rises occurred in western states. Gordon said doctors need to ask patients at every opportunity about their mental health and evaluate their risk for suicide .

    Trump Leaves G-7 Summit With A Call To End 'Unfair' Trade

    Trump says they will either have a better agreement on NAFTA or two deals involving separate trade deals with Canada and Mexico . Trump pulled out of President Barack Obama's landmark nuclear accord with Iran over the objections of European allies.
    Docs Say First Lady Melania Trump 'Can't Fly for One Month'

    Docs Say First Lady Melania Trump 'Can't Fly for One Month'

    The site reported that the first lady underwent an embolization procedure to treat a benign kidney condition almost a month ago. Stephanie Grisham, a spokeswoman, has declined to provide additional details, citing the first lady's right to medical privacy.
  • Melania Trump to appear at Ford's Theatre gala

    Melania Trump to appear at Ford's Theatre gala

    The source added: "I don't know exactly when the move is supposed to happen, but it is being talked about as a permanent move". Judging from the pictures Trump posted on Twitter , she was dressed in an Escada column gown in black, white and gold lame.
    Canadian GP: Lewis Hamilton says Ferrari will falter in championship battle

    Canadian GP: Lewis Hamilton says Ferrari will falter in championship battle

    Both took heavy damage in the contact and careened across Turn 6 and into the far barriers, where both their races ended. Ferrari was the first to pull the trigger, stopping Raikkonen on Lap 33.
    Report details Obama-era bid to skirt Iran sanctions

    Report details Obama-era bid to skirt Iran sanctions

    A few weeks later, one of Lew's top deputies, Adam Szubin, used the exact same words in testimony to the Senate banking committee. Still, it went above and beyond what the Obama administration was required to do under the terms of the nuclear agreement.
  • Robin Williams HBO documentary releases first trailer

    Robin Williams HBO documentary releases first trailer

    Peers speak of Williams' alcohol and substance abuse and never-ending battle for acceptance. Then you see a performer in love with the stage, with an adoring audience in hysterics.
    Why Mercedes is the real Canada favourite - F1

    Why Mercedes is the real Canada favourite - F1

    It will be interesting to see how it does in the start of the race, especially because Red Bull will start on the hypersoft. Stroll picked up his first career points with a ninth-place finish as a rookie at last year's Canadian GP.
    Amazon buys rights to 20 Premier League games a season

    Amazon buys rights to 20 Premier League games a season

    Take a look through the gallery to reveal some of the angry reactions to Amazon acquiring Premier League football rights . Add BT Sport to your Sky TV package for £27.99 a month, plus a £20 fee, and Amazon for another £7.99 a month.


Popular

Spain offers to take migrant ship amid Italy-Malta standoff
The League had promised voters during recent elections that it would take a tough stance on immigration. The Aquarius had been heading to Sicily after rescuing migrants off the Libyan coast, but Mr.

The Elder Scrolls 6: trailer for Skyrim sequel revealed
I'm not a Gears fan myself, but it's awesome seeing Funko's Pop! figures coming to life in the short teaser trailer we got. To describer Starfield , Howard used the term "next generation singleplayer RPG" and shared the following teaser trailer.

EA Play 2018: Anthem release date and gameplay details announced
Hinting that players will be put in the shoes of a Sith, the game will be set while the Jedi are being hunted. Players will be able to customize the loadout of their Javelin as well as cosmetic features.

Cuba releases details of incident involving US official
Cuba has denied targeting embassy staff, and the United States has not blamed the country's government for the suspected attacks. It is also the only US diplomatic installation in China authorized to process immigrant visas and handle adoptions.

Donald Trump Commutes Drug Offender Grandmother’s Sentence After Kim Kardashian’s Plea
She was first alerted to the issue after spotting a video about the case on social media . President Trump saved Alice Johnson's life today", Johnson's attorney Brittany K.

Ghana football head Kwesi Nyantakyi banned by Fifa over 'cash gift'
A police vehicle is pictured at the premises of Ghana Football Association in Accra. I take sole and personal responsibility for the proceedings on the video.

Xi to visit India in 2019 for Wuhan-style informal meet
The other new member state this year is Pakistan , a country India has held numerous exciting discussions with over the years. India and China also signed agreements in the presence of PM Narendra Modi and President of China Xi Jinping .

At a fashion show, Anthony Bourdain, Kate Spade remembered
It is now the 10-leading cause of death in the USA , and is one of only three leading causes of death that are on the rise. Take the person to an emergency room or seek help from a medical or mental health professional.

England 2 Costa Rica 0
Gareth Southgate admits he has been left with some "serious decisions" after England's encouraging World Cup preparations. He said to the England and Tottenham player: "I think it's really, really good what you did...well done".

Trump Wants Russia Back In The G-7
Trudeau, for his part, said Trump's action would hurt American workers as well as Canadians. Other members of the Group of Seven are France, Italy, Japan, Germany and Britain.