Check out the crypto exchanges today - loads of crypto coins have lost value by around 10%. And curiously, the news agencies are reporting vast amounts of cyber thefts this morning:
BUSINESS NEWS OCTOBER 10, 2018 / 1:18 PM /
UPDATED 18 HOURS AGO
Cryptocurrency theft hits nearly $1 billion in first nine months:
Cryptocurrency theft hits nearly $1 billion in first nine months:
report
Gertrude Chavez-Dreyfuss
Gertrude Chavez-Dreyfuss
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NEW YORK (Reuters) - Theft of cryptocurrencies through hacking of exchanges and trading platforms soared to $927 million in the first nine months of the year, up nearly 250 percent from the level seen in 2017, according to a report from U.S.-based cyber security firm CipherTrace released on Wednesday.
The report, which looks at criminal activity and money laundering in the digital currency market, also showed a steadily growing number of smaller thefts in the $20-60 million range, totalling $173 million in the third quarter.
Digital currencies stolen from exchanges in 2017 totalled just $266 million, according to a previous report from CipherTrace.
Bitcoin’s popularity and the emergence of more than 1,600 other digital coins or tokens have drawn more hackers into the cryptocurrency space, expanding opportunities for crime and fraud.'
NEW YORK (Reuters) - Theft of cryptocurrencies through hacking of exchanges and trading platforms soared to $927 million in the first nine months of the year, up nearly 250 percent from the level seen in 2017, according to a report from U.S.-based cyber security firm CipherTrace released on Wednesday.
The report, which looks at criminal activity and money laundering in the digital currency market, also showed a steadily growing number of smaller thefts in the $20-60 million range, totalling $173 million in the third quarter.
Digital currencies stolen from exchanges in 2017 totalled just $266 million, according to a previous report from CipherTrace.
Bitcoin’s popularity and the emergence of more than 1,600 other digital coins or tokens have drawn more hackers into the cryptocurrency space, expanding opportunities for crime and fraud.'
Cryptocurrency thefts have risen to hit nearly $1 billion over the course of 2018 as the economy continues to mature, new figures have revealed.
A study by cybersecurity firm CipherTrace reports that around $927 million worth of cryptocurrency has been stolen in the first nine months of this year - an increase of nearly 250 percent compared to the whole of 2017.
The majority of thefts come from cryptocurrencies and trading platforms being hacked, with smaller, more frequent attacks becoming increasing common.
Last month, Japan-based cryptocurrency exchange Zaif was hacked, with around $60 million worth of Bitcoin stolen, just one of multiple attacks to take place this year.
Bitcoin, the world's largest cryptocurrency by market capitalization, dropped 4.77 percent on Thursday, pushing prices well below $6,400 for the first time in weeks.
At 00:58 UTC, just after Wednesday's close, the cryptocurrency shed $400 over the course of 30 minutes, a move that found it crossing $6,400, for a time the market's most reliable lower-bound support, for the first time since September 12, according to CoinDesk price data.
Bitcoin was last seen trading at $6,238.'
COIN MARKET CAP:
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PIYASA
