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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.
Youbit announced on its website that it had been hacked on Tuesday, causing a loss worth 17 percent of its total full story bitcoin exchange. The South Korean exchange didn't elaborate on the exact amount, but said all full story bitcoin exchange cryptocurrency assets would be marked down to 75 percent of its value, and that it 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 Full story bitcoin exchange.
Youbit is a smaller full story bitcoin exchange 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, as the cryptocurrency soars full story bitcoin exchange 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 experts about risks.
EU approves cryptocurrency clampdown to combat terrorism financing. Axel Weber, chairman full story bitcoin exchange 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 people buying Bitcoin should not blame regulators if 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 rules 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 uses 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 with Mexico. The search is on for Ursula Haverbeck, dubbed the "Nazi Grandma," after she failed to turn up to begin her jail term. The serial Holocaust denier has been sentenced two-years in full story bitcoin exchange for incitement.
Germany full story bitcoin exchange expect much more in tax revenue than officially estimated last year, a paper says. But the Finance Ministry has warned against too high expectations for public spending. 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: 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, full story bitcoin exchange concerns for security amid booming trade in Bitcoin and other virtual currencies boom.
Full story bitcoin exchange popularity on the rise. Bitcoin starts futures trading. Bitcoin takes off in Venezuela. EU approves cryptocurrency clampdown to combat terrorism financing The European Union has agreed to implement stricter rules full story bitcoin exchange 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.
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A kingpin of the ill-fated Coin. Anthony Murgio, 33, of Florida, US, will spend up to the next five and a half years behind bars for his role at Coin.
The stretch is significantly less than what prosecutors had sought. At one point, Murgio was facing as long as 20 years, and at sentencing the prosecution had asked for at least 10 years. Apparently, Murgio's own remorse — as well as his generosity towards friends and family — played a part in getting the reduced sentence. In January this year, Murgio admitted to overseeing the Coin.
In a New York court, he pleaded guilty to charges of conspiracy, wire fraud, bank fraud, and bribery. Later in March, his co-conspirators at Coin. Earlier in October, Murgio's dad Mike pled guilty to making a false statement in relation to the running of an illegal bitcoin exchange.
Later he enlisted the aid of a New Jersey credit union full story bitcoin exchange a full story bitcoin exchange for the operation, with the cooperation of Gross. Minds Mastering Machines - Call for papers now open. The Register - Independent news and views for the tech community. Part of Situation Publishing. Full story bitcoin exchange our daily or weekly newsletters, subscribe to a specific section or set News alerts.
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Australian Senate passes meaningless motion that says encryption is very useful Token effort won't stop not-backdoors legislation. Seeking to reduce costs full story bitcoin exchange to provide better customer experience. Today that skills gap is around automation, orchestration, and DevOps methodologies—as well as how to apply them to cloud environments. This paper suggests a battery of technical checks that testers can quickly perform to stratify the vast array of applications that exist in the enterprise ecosystem.
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