TOKYO (TIP): Bitcoin prices plunged about 15% in Asian trade today before recouping some of the losses as investors apparently took fright at news that a South Korean exchange had been hacked. The unit, which hit a record $19,500 at the start of the week, took a hit as it emerged that South Korean exchange Youbit had been hacked, leading the firm to say it will close and start bankruptcy proceedings, according to Bloomberg News. The US on December 19 suspended trading in a Bitcoin-related stock, citing concerns about market manipulation. Source: AFP
Be the first to comment