Bitcoin hacks 2017 exchange Youbit is filing for insolvency after it was hacked for the second time this year, highlighting concerns for security amid booming trade in Bitcoin and other virtual currencies boom. Youbit announced on its bitcoin hacks 2017 that it had been hacked on Tuesday, causing a loss worth 17 bitcoin hacks 2017 of its total assets.
The South Korean exchange didn't elaborate on the exact amount, but said all customers' cryptocurrency assets bitcoin hacks 2017 be marked down to 75 percent of its value, and that bitcoin hacks 2017 was stopping trade to minimize customer losses. The cryptocurrency exchange had been hacked once before in April when nearly 4, Bitcoins were stolen in a cyber attack that the country's spy agency linked to North Korea, according to a South Korean newspaper report on Saturday.
Youbit is a smaller player in South Korea's cryptocurrency market, with the world's busiest cryptocurrency exchange Bithumb accounting for about 70 percent of the country's market share. The news comes as South Korea last week banned its financial institutions from dealing in virtual currencies such as Bitcoin, bitcoin hacks 2017 the cryptocurrency soars in a bubble fueled by retail speculators, many of them from the country.
South Korea has emerged as a hotbed for cryptocurrency trading, accounting for some 20 percent of global Bitcoin transactions. But trading in the virtual currency has been overshadowed recently by a series of warnings from politicians and financial bitcoin hacks 2017 about risks. EU approves cryptocurrency clampdown to bitcoin hacks 2017 terrorism financing. Axel Weber, chairman of the Swiss bank UBS, warned this week that anyone keen to invest in Bitcoin risked losing their money.
Denmark's top central banker later weighed in, saying bitcoin hacks 2017 buying Bitcoin should not blame regulators bitcoin hacks 2017 they suffered losses when the market crashed because it was an unregulated market. He said putting money into bitcoin was basically gambling.
Bitcoin energy boom stamps down colossal carbon footprint. Bitcoin exchanges and wallets have a history of being targeted, and security experts say they become more vulnerable to cybercrime as valuations rise. The European Union has agreed to implement stricter bitcoin hacks 2017 on exchange platforms that deal with virtual currencies, including bitcoin.
The measure is part of an effort to prevent terrorist financing and money laundering. Few people use bitcoin to buy anything — but everyone pays for its environmental impact. Does mining the cryptocurrency actually consume more electricity than Ireland? Cryptocurrencies have grabbed a lot of attention in recent days as the value of bitcoin skyrocketed to hit record highs and Venezuela announced plans to create a digital currency called "petro.
Some of the world's biggest auto companies have teamed up with tech providers and startups to form a consortium aimed at developing automotive bitcoin hacks 2017 for blockchain, the database technology known from cryptocurrencies.
Japanese online broker Monex is offering to acquire hacked cryptocurrency exchange Coincheck, a domestic business daily has reported. Shareholders appeared to welcome the move toward better investor protection. What goes up must come down, old wisdom has decreed. Does it apply to the best-known digital token, Bitcoin? As the cryptocurrency's value has seen many ups and downs recently, we chart its dramatic journey to date. Mexico's new partnership - EU overhauls trade deal bitcoin hacks 2017 Mexico.
The German capital has been suffering from a plague of rapidly reproducing invasive crayfish. Now, health authorities have given the all-clear for a simple solution to reduce their numbers: Britain's royal family has released two official pictures of newly born Prince Louis.
One of the photos shows the little prince being bitcoin hacks 2017 by his three-year-old sister Princess Charlotte. Nuclear plant operator EDF Energy is hoping to restart a reactor it had to close because of new cracks. Experts have warned against extending the lives of old reactors, saying operators are "gambling with public safety. Change it here DW. COM has chosen English as your language setting. COM in 30 languages. Germany Germany's Cold War chemical weapons: Military planned to stockpile arsenal in s In Depth War reporters — the great silence Business South Korean Bitcoin exchange shuts down after hack Cryptocurrency exchange Youbit is filing for insolvency after it was hacked for the second time this year, highlighting concerns for security amid booming trade in Bitcoin and other virtual currencies boom.
Bitcoin's popularity on the rise. Bitcoin starts futures trading. Bitcoin takes off in Venezuela. EU bitcoin hacks 2017 cryptocurrency clampdown to combat terrorism financing The European Union has agreed to implement stricter rules on exchange platforms that deal with virtual currencies, including bitcoin.
Bitcoin energy boom stamps down colossal carbon footprint Few people use bitcoin to buy anything — but everyone pays for its environmental impact. Bitcoin, cryptocurrencies — how do they work? Send us your feedback. Print Print this page Permalink http: From VW to Julian Assange: How does extradition work? Berlin finds culinary solution to combat invading crayfish.
First days at home: UK royals release Prince Louis photos. UK's aging nuclear reactors have 'reached threshold limit'.
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