Bitcoin Price Plunges After Hack of South Korean Exchange: Here's What We're Reading Today
1. Bitcoin on the descend after Coinrail hack
“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.”
– Gizmodo