South Korean bitcoin attacks ‘were made by the North Korean hackers that attacked Sony’
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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 bitcoin hacked by north korea 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 assets. The South Korean exchange didn't elaborate on the exact amount, but said all customers' cryptocurrency assets would be marked bitcoin hacked by north korea 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 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 bitcoin hacked by north korea Bitcoin, as 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 experts about risks. EU approves cryptocurrency clampdown to combat 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 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 Bitcoin hacked by north korea 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 bitcoin hacked by north korea best-known digital token, Bitcoin?
As the cryptocurrency's value has seen many ups and downs recently, we chart its dramatic journey to date. Germany substantially raises tax income projections - Lufthansa set to impress at shareholders meeting. Germany has seen a significant spike in supporters of the anti-state Reichsburger movement. The AfD politicians refused to take any questions from a journalist from Germany's most popular tabloid.
The far-right party has repeatedly accused the press of biased coverage. Belgian politicians and animal rights activists have slammed the gassing of 20, chicks at Brussels airport. The animals were meant to be flown to Kinshasa. Airport firefighters refused to take part in the killing.
Change it here DW. COM has chosen English as your language setting. COM in 30 languages. News German President Steinmeier notes 'substantial change' in trans-Atlantic ties What to expect from the Russian president's next term 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 bitcoin hacked by north korea 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 bitcoin hacked by north korea 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 bitcoin hacked by north korea but everyone pays for its environmental impact. Bitcoin, cryptocurrencies — how do they work? Send us your feedback. Print Print this page Permalink http: The week in review.
Germany's Reichsburger movement out to 'delegitimize the state'. Journalists walkout after Germany's far-right AfD blocks reporter's question. Gassing of baby chicks at Brussels airport sparks outrage.