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Home > Gadgets & Tech – Spoken Edition > Bitcoin Price Plunges After Hack of South Korean Exchange, Down 53 Percent Since December
Podcast: Gadgets & Tech – Spoken Edition
Episode:

Bitcoin Price Plunges After Hack of South Korean Exchange, Down 53 Percent Since December
Category: Technology
Duration: 00:02:30
Publish Date: 2018-06-11 16:30:18
Description: It’s hard out there for people who play with imaginary money. Bitcoin and other cryptocurrencies plunged over the weekend after it was revealed that a South Korean exchange, Coinrail, was hacked. Roughly $42 billion of market value was destroyed in the sell-off, and Bitcoin has lost over 50 percent of its worth since December. Bitcoin, the most popular cryptocurrency in the world, hit a record high back in December of 2017, reaching $19,783.06 in American currency.
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