Crypto in Press [2018-06-10] - Coinrail loses over $40M in tokens, Bitcoin Plunges Below $7,000, Crypto Space Over The Past Week
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#1 - Korean crypto exchange Coinrail loses over $40M in tokens
#2 - Bitcoin Plunges Below $7,000 After Korean Exchange Hack
#3 - Crypto Space Over The Past Week From 4 To 10 Of June, 2018
1. Another day, another crypto hack. This time it’s Korea, the crypto-mad Asian country, where an exchange called Coinrail lost more than $40 million in altcoins, ICO-issued tokens that aren’t bitcoin or Ethereum, after it was hit by an apparent attack over the weekend.
Korea may be a hot spot for crypto investment, but Coinrail is one of its smaller exchanges, just about ranking inside the world’s top 90 based on trading volume, according to coinmarketcap.com. Nonetheless, even the smaller exchanges have plenty of coins, as the size of this heist illustrates.
Read more on: https://techcrunch.com/2018/06/10/korean-crypto-exchange-coinrail-loses-over-40m-in-tokens-following-a-hack/
2. The drop comes after South Korean cryptocurrency exchange Coinrail said there was a "cyber intrusion" in its system.
This triggered selling across the entire crypto space (Coinrail trades around 50 currencies)
The crypto market is also under pressure, in the wake of the news that the US Commodity Futures Trading Commission (CFTC) has launched a probe into four major crypto exchanges.
All of the top-100 cryptocurrencies by market capitalization are in the red over the 24 hours to press time, while total market capitalization is down by over $30 bln over the same period, according to Coinmarketcap
Read more on: https://www.zerohedge.com/news/2018-06-10/crypto-carnage-continues-bitcoin-plunges-below-7000-after-korean-exchange-hack
3. At the end of the week, we resume everything that the crypto community talked about over the past seven days. This week Bitmain announced plans to launch IPO and Japan closed the first cryptoexchange.
The main news of the beginning of the week was the purchase by Microsoft of a popular service for developers GitHub. In the cryptocurrency community, the news about the purchase of the service was not very positive.
Moscow Stock Exchange will create an infrastructure that will allow Russian and foreign companies to conduct ICO in the future.
Read more on: https://en.bit.news/crypto-space-over-the-past-week-from-4-to-10-of-june-2018/
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