Offbeat Bitcoin hits 4-month low after currency exchange theft

18:05  13 june  2018
18:05  13 june  2018 Source:

Ex-Goldman Sachs programmer seeks to overturn code theft conviction

  Ex-Goldman Sachs programmer seeks to overturn code theft conviction Former Goldman Sachs Group Inc programmer Sergey Aleynikov on Monday filed a new challenge to his criminal conviction of stealing computer code from the investment bank when he left for another job. Aleynikov, whose case partly inspired Michael Lewis' bestselling book "Flash Boys" on high-frequency trading in the U.S. equity market, previously got his conviction overturned by the judge who oversaw his 2015 trial in Manhattan Supreme Court.A New York appeals court reinstated the conviction, and the New York Court of Appeals, the state's highest court, upheld that decision last month.Aleynikov, a Russian-born U.S.

The value of bitcoin and many other digital currencies fell to their lowest levels this year after South Korean exchange Coinrail said a hack over the weekend Simona Halep hits back to sink Angelique Kerber in quarter-finals. India's GDP grows 7.7 pc in Q 4 , retains fastest growing economy tag.

Bitcoin 's value has dropped to 2- month lows after news a cryptocurrency exchange was hacked. If true, that would make it the biggest cryptocurrency theft reported to date in South Korea. WATCH: Tips to avoid bitcoin scams.

The price of bitcoin has fallen to a four-month low of $6,370, days after South Korean virtual currency exchange Coinrail said hackers had stolen over $37 million, or almost a third of the virtual currency it had stored.

After Coinrail announced the theft, the price of bitcoin dropped $500 in an hour and it has continued to slide.

The decline also follows a Wall Street Journal report that U.S. regulators have asked virtual currency exchanges to provide trading data to aid an investigation into virtual currency manipulation. The reports raised concerns about the future of virtual currency markets.

David Jones,'s chief market strategist, says Bitcoin is "a classic case of an economic bubble." Last year, the virtual currency increased sixfold and hit a record high of $19,783 in December.

Bitcoin is melting as bad news piles up .
Bitcoin prices are falling off a cliff as a growing heap of bad news for the crypto market piles up. Government regulators in Japan slapped…Government regulators in Japan slapped six exchange operators with business improvement orders, while a South Korean trading-platform said earlier this week that hackers stole about $30 million in digital tokens.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!