Sunday, June 10, 2018

Bitcoin Tumbles Most in Three Months Amid South Korea Hack -- Bloomberg

Rough weekend for cryptocurrencies
"Bitcoin extended losses for a third day, tumbling 12 percent Sunday as South Korean cryptocurrency exchange Coinrail said there was a "cyber intrusion" in its system.

The largest cryptocurrency declined to $6,749 as of 2 p.m. in New York, the biggest drop since March 14, according to data compiled by Bloomberg from Bitstamp pricing. That widens Bitcoin’s losses for the year to 53 percent. Peer cryptocurrencies Ethereum and Ripple fell 11 percent and 12 percent, respectively."
Bitcoin Tumbles Most in Three Months Amid South Korea Hack -- Bloomberg
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