Bitcoin

Prices of cryptocurrencies nosedives after South Korean Exchange gets Hacked

Coinrail hacking causes downfall in cryptocurrencies prices. The prices of major cryptocurrencies nosedived on Monday after reports emerged that Coinrail – South Korean cryptocurrency exchange – has been hacked. The development has stoked fresh fears about the potential risks associated with trading in cryptocurrencies. Coinrail did not disclose the exact amount of loss incurred due to last…

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Bitcoin

India’s Central Banks serves biggest ever blow to cryptocurrency

India’s Central Bank clamps down further on cryptocurrency. After last year’s insane rally, cryptocurrency (also known as virtual currency) since the beginning of this year has been heading towards only one direction: southwards. The nosedive in its fortunes was partly triggered by clampdown that various government agencies have been imposing on the trading of cryptocurrencies. As part…

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