Archive | CoinRail

Crypto Money Laundering Expected to Reach $1.5 Billion in 2018

A new report has revealed that three times more cryptocurrency has been stolen from crypto exchanges so far in 2018 compared to 2017. Data security company CipherTrace, which released the report, analyse cryptocurrency data to identify illicit money flow and money laundering. Money Laundering Reaches Record Highs Data collected by CipherTrace shows that $761 million… […]

South Korea Forges Ahead with $207M Blockchain Plan As Mood Favors Tech

South Korea is showing faith in blockchain in the light of recent exchange hackings and forging ahead with blockchain developments, according to the EconoTimes. The collective hacking of Bithumb and CoinRail and loss of USD 72 million seems to have done little to dampen the enthusiasm of the Asian powerhouse. The government responded by immediately introduced a […]

UK Regulators Question Exchanges as Bithumb News Spreads

The recent $30 Million hack of Bithumb has caused U.K. regulators to question the security of cryptocurrency exchanges, with exchanges operating in the U.K. coming under fire. 2018: The Year of Exchange Hacks? As the cryptocurrency market swells, the amount of exchange hacks has grown, in a direct correlation with the growth of active exchanges…. […]

Bitcoin Rebound Not Likely in the Short-Term, Analysts Eye $7,777 to Signal Uptrend

According to experts at Fundstrat, the price drop of Bitcoin to below $7,000, a two-month low, indicates that the coin will have a difficult time recovering in the short-term. Bitcoin Uptrend Coming Robert Sluymer, technical strategist at Fundstrat Global Advisors believes that $7,777 is the key level Bitcoin will have to reach to signal an… […]

CoinRail Hack Will Not Affect Major Cryptocurrency Markets

In the world of Bitcoin and cryptocurrency, no individual or company is safe from hacks. This is especially true where wallet providers and trading platforms are concerned. CoinRail, a small exchange based in South Korea, was hacked this weekend. It should have no impact on the markets, as this platform generates barely any volume. CoinRail […]

Bitcoin Price Watch: Currency Sits at $7,600

At press time, nothing has changed regarding the bitcoin price. The father of cryptocurrencies is sitting at $6,700 – a price it has held for roughly 24 hours, and recovery doesn’t appear imminent anytime soon. The mega-drop that hit the asset during yesterday’s morning hours stem from two likely sources. The first is the hack […]

No, Bitcoin Price Didn’t Fall Because a Minor Cryptocurrency Exchange was Hacked

The Bitcoin price has taken another massive dip over the weekend. Pinpointing the exact reason for that development is not all that easy. Some people blame the hack of CoinRail to be the culprit. However, the exchange is a small platform with a less-than-great reputation in South Korea. CoinRail Hack is Unfortunate Whenever a cryptocurrency… […]

Is South Korean Exchange Hack Responsible for Bitcoin Price Plunge?

Bitcoin price plunge over the weekend is generally being linked to another cryptocurrency exchange hack in South Korea. This time it was a smaller exchange called Coinrail that was breached by blackhats who made off with over $40 million in altcoins which may have caused the massive sell-off on Sunday leaving a trail of red… […]

Bitcoin Price Watch: Currency Tanks by Nearly $1,000

At press time, the price of bitcoin has fallen dramatically, and the currency is now trading for just over $6,700. This is about $900 less than where it stood just 24 hours ago. Investors were excited by the prospects that bitcoin had recently struck the $7,700 mark, and could potentially hit $8,000 again in the […]

$15 Billion Shed in Two Hours in Bitcoin, Crypto Markets Overnight Flash Crash

Over Saturday night on 10 June, Bitcoin and crypto markets dipped significantly, with Bitcoin shedding USD 300 in just over an hour, writes Inside Bitcoins. The sideways market which has endured for some weeks finally came to an end when the mini-crash wiped out USD 15 billion off cryptocurrencies in a couple of hours. The current […]