Thursday, January 17, 2019 9:44:34 AM- Nigerian Stock Exchange.

  Bitcoin loss- blamed on South Korean exchange hack.


BITCOIN - Caught between a rock and a hard place.

At the time of writing, the Bitcoin price is sitting at $6,667, representing a loss of 7.68% in the last 24 hours. More than $750 M worth of BTC were exchanged in the BTC/USD market representing a 19.9% share of the global daily volume. The BTC/JPY pair represents a 57.7% share.

The Ethereum price has dropped 7.38% over the past 24 hours and is currently sitting at $520, with over $300 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 31.9% market share of the daily trading volume.

Crypto-exchanges are used to buy and sell digital currencies. Their unregulated nature has resulted in a backlash from some governments, including in the U.S., U.K., China and South Korea. In recent months, major hacks and cyberattacks have resulted in the loss of funds worth millions of dollars. In one of the most extreme examples, South Korea’s Coincheck lost the equivalent of $500 million. This weekend it emerged that another exchange, known as Coinrail, had been targeted where around $40 million worth of coins were stolen. The platform lost up to 30 percent of its funds.

Reporting for EasyKobo on Monday, 11 June 2018 from Lagos, Nigeria

Readers's Opinion(0)

If you would like to post comments! Please log in.

Community sentiment

Top Stocks creating buzz on easykobo
Finance message boards

Related Articles