Cryptocurrencies tumble after S Korea hack

11 June, 2018, 15:23 | Author: Regina Silva
  • Cryptocurrencies tumble after S Korea hack

Bitcoin has once again demonstrated its volatility, dropping in value by 10 percent following news of an attack and theft from the South Korean exchange Coinrail. It did not quantify its value, but in an unsourced report local news outlet Yonhap news estimated that about 40 billion won ($37.28 million) worth of virtual coins were stolen. Most other major virtual currencies also slumped, sending the market value of digital assets tracked by Coinmarketcap.com to a almost two-month low of $294 billion. The latest to fall victim is the South Korean cryptocurrency exchange, Coinrail.

The hacking attack on Coinrail comes after Japan's cyrptocurrency exchange Coincheck was hacked earlier this year in a high-profile theft of its digital currency.

The hack brought an abrupt end to two weeks of calm for the biggest virtual currency and reignited concerns about the security of lightly regulated crypto exchanges.

Coinrail was mostly trading ERC20 tokens, according to CoinMarketCap.

The frozen tokens are Pundi X (NPXS), Aston (ATX) and Nper (NPER), according to the local crypto exchange. "It is a minor player in the market and I can see how such small exchanges with lower standards on security level can be exposed to more risks", Kim Jin-Hwa, a representative at Korea Blockchain Industry Association. South Korea has been the third largest market for Bitcoin trading in the world after Japan and the U.S. and has also suffered several major exchange hacks resulting in both fear driven activity on the trading side and calls for more stringent regulation from the government.

Google Pixel 3 XL Leaks - Display Size Was Just Confirmed
Depending on whether you like the notch design or not, you will respond differently to the fact that the Pixel 3 Xl will have one. A year later though, the company followed suit and ended up removing the headphone jack from the Pixel 2 in 2017.


DLC, New Game Plus Coming to Arkane Studios’ ‘Prey’
Essentially, it's going to be a higher budget, more elaborate Prop Hunt , and I'm certainly looking forward to it. The new DLC showcases how every way you play the game is unique and yes you'll be heading to the moon. kind of.


World Leaders React to Trump’s Bizarre Attacks On Canada
Trudeau "really kinda stabbed us in the back", top U.S. economic advisor Larry Kudlow said on CNN's "State of the Union ". Trump and then tries to stab him in the back on the way out the door", Navarro told Chris Wallace on " Fox News Sunday ".


First of all, CoinRail cooperates with the investigating agency as much as possible to protect your assets as much as possible and to hackers as a criminal measure in order to minimize and recover the damage.

The remaining coins within Coinrail seem to have been secured by Coinrail through the migration of assets onto cold storage wallets.

The price plunges were also linked to a report on Friday from the Wall Street Journal (paywall) that United States regulators are investigating four major crypto exchanges, including Coinbase and Bitstamp, for price manipulation.

"We began the investigation immediately after receiving reports from the company".

Recommended:

  • Capcom Have Finally Revealed Devil May Cry V

    Capcom Have Finally Revealed Devil May Cry V

    But at Microsoft's E3 2018 event , Nero and Dante made a triumphant, and predictably ridiculous, return to the spotlight. A battle of good and evil - A demonic invasion begins with the seeds of a "demon tree" taking root in Red Grave City.
    Key Donald Trump advisers attack ‘back stabber’ Justin Trudeau

    Key Donald Trump advisers attack ‘back stabber’ Justin Trudeau

    But unity was torn apart when the USA president took exception to Mr Trudeau calling United States policy "insulting". Canadians are polite, we are reasonable, but we will also not be pushed around".
    North Korean public largely in the dark about historic summit with Trump

    North Korean public largely in the dark about historic summit with Trump

    Mr Trump has not approached the North Korea crisis with kid gloves and seems unlikely to adjust his tactics now. North Korean soldiers keep watch toward the south in the village of Panmunjom, South Korea, on April 17.
  • Royal couple Harry and Meghan coming to Australia in October

    Royal couple Harry and Meghan coming to Australia in October

    Harry and Meghan's first major tour as husband and wife will be in October as part of Harry's Commonwealth Youth Ambassador role. The event was attended by other senior royals including the Queen , Prince Charles and the Duke and Duchess of Cambridge.
    New Jersey man claims $315 million Powerball jackpot

    New Jersey man claims $315 million Powerball jackpot

    He'll pay off his recently refinanced home, pay for his daughter's college tuition and pay off his own college loans. Souami said the clerk scanned the ticket and said, "Oh, my God!" "What do you mean by, 'Oh my God?'" he asked her.
    Petrol, diesel prices see biggest dip in 10 days

    Petrol, diesel prices see biggest dip in 10 days

    Lower global crude oil cost, along with a strengthened rupee, has pulled down the prices of transportation fuels since May 30. The reductions come on the back of softening of worldwide oil rates and the rupee gaining against the U.S. dollar.
  • Tales of Vesperia: Definitive Edition Confirmed For Nintendo Switch

    Tales of Vesperia: Definitive Edition Confirmed For Nintendo Switch

    The fates of two friends traveling separate paths intertwine in an epic adventure that threatens the existence of all. A PS3 version released exclusively in Japan a year later had some extra content that never made its way to the west.
    Trump’s calling Trudeau ‘dishonest and weak’ sparks calls for calm

    Trump’s calling Trudeau ‘dishonest and weak’ sparks calls for calm

    But even those vested in Canadian trade are not expected to come to Trudeau's defence as long as the USA economy is roaring. Kudlow said the USA participated in G7 talks and bilateral talks on Nafta in good faith and that Trump had been "charming".
    Trump insists G7 trade talks 'extremely productive'

    Trump insists G7 trade talks 'extremely productive'

    John McCain believes it. there's a movement all over the world to look inward, not outward, and I think it's a mistake. And what did Trudeau do as soon as the plane took off from Canadian airspace, Trudeau stuck our president in the back.
  • By the numbers - Rafael Nadal 86-2 at Roland Garros

    By the numbers - Rafael Nadal 86-2 at Roland Garros

    Rafael Nadal described his performance at the French Open previous year , when he didn't surrender a set, as "perfect". Nadal, 32, won 6-4 6-3 6-2 to earn his 17th Grand Slam, three adrift of Roger Federer's all-time men's record.
    Points table after Canadian Grand Prix

    Points table after Canadian Grand Prix

    I said yesterday how much this place means to Ferrari and to have a race like we had today is unbelievable", said Vettel. Red Bull's Daniel Ricciardo, the 2014 Canadian GP victor , is coming off a victory two weeks ago in Monaco.
    Justice Dept. Declines to Defend Some Key ACA Provisions

    Justice Dept. Declines to Defend Some Key ACA Provisions

    Roberts Jr.'s 2012 ruling upholding the constitutionality of the individual mandate as a valid use of Congress's taxing power. Attorney General Jeff Sessions wrote in a letter to House Speaker Paul Ryan (R-Wis.) explaining his decision.


Popular

Poundworld collapse leaves 5,100 jobs at risk
Administrators Deloitte say the retailer will continue to trade while a buyer for all or part of the business is sought. Talks broke down over the weekend as Poundworld tried to broker a rescue deal with private equity firm R Capital.

DOOM Eternal Announced, First Trailer Online
The name is interesting; we're not sure if it's a straight sequel to the last game, or if it's something more, like an open world, perhaps.

The Elder Scrolls 6: Trailer for Skyrim Sequel Revealed
More than likely, if mods are available for Fallout 76 , we'll have to download them from Bethesda's Creation Club storefront. It has a couple of modes: The Abyss is a roguelike endless dungeon; Arena is 1-on-1 combat; and you can build a town as well.

Wolfenstein: Cyberpilot announced for PlayStation VR, PC
In this mode you'll play as a TranStar employee and solve various puzzles in the Talos I environment. At Bethesda's E3 2018 showcase, MachineGames revealed Wolfenstein: Youngblood .

Origin Access Premier is EA’s New PC Games Subscription Service
So, for example, if you have the base version of Access but want to play Anthem , you'll have to go buy a copy. Subscribers can play over 100 PC titles whenever they like as long as a Premier member is maintained.

Fox News host apologizes for calling Trump, Kim 'two dictators'
According to CNN , Trump landed in Singapore Sunday morning, ahead of his Tuesday meeting with the North Korean leader. Mr Scaramucci did not appear to notice the error, and replied: "Yeah, because Trump is a disruptive risk-taker".

Iraqi ballot box storage site catches fire in Baghdad
A thick cloud of black smoke billowed in the background as Maan showed the complex, which contains a number of smaller warehouses. Fewer than 45 percent of voters cast a ballot, a record low, and allegations of fraud began nearly immediately after the vote.

From Software's Sekiro: Shadows Die Twice Set To Come Out 2019
From Software has announced a brand new samurai game titled Sekiro: Shadows Die Twice , published by Activision . Yes, that's the bony, bloody contraption shown in Sekiro's original teaser trailer from The Game Awards 2017 .

Halo Infinite announced for Xbox One, Windows 10
We'll also nearly certainly get more news about backwards compatibility and Minecraft - now both E3 staples for Microsoft. Despite this, a number of Xbox One games have been confirmed for the expo.

Top Indian chefs mourn the death of Anthony Bourdain
While the exact cause of death is not known, Mr Rocquigny said the television personality's suicide didn't appear to be planned. In an interview with People , Lakshmi says that she was " really shocked and saddened because he had been doing really well".