The bitcoin corrects 10%, pressed by the regulation and the 'hackers' and the bitcoin cash plows the skies

in #news6 years ago (edited)

The cryptocurrency that emerged from the first bifurcation of the block chain shoots up 50% to 3,500 dollars

*South Korean bitcoin market Youbit declares bankruptcy for cyber attacks
*The SEC suspends of quotation to The Crypto Company after raising a 3.100% in December

Bitcoin is in the crosshairs of the financial markets, for the good and for the bad. While hundreds of investors around the world are preparing to storm cryptocurrencies in 2018, regulations and cyber attacks become the reality with which virtual assets must contend. In the last hours, two new rations of governmental actions in the USA and of hacking to a platform of South Korean exchange have served as catalyst to bitcoin to correct the most recent rise.

The queen of cryptocurrency has lost 10% in the last 24 hours. After a day of consolidation between $ 18,000 and $ 19,000, according to the Coindesk index, the crypto-active has finally reached a minimum of $ 16,000. At this time, it operates above the $ 16,500 line, just at the price before the launch of the Chicago Mercantile Exchange futures (CME) early Monday.

The investor appetite that was unleashed after the debut of derivatives, and that catapulted the so-called gold 2.0 to a historic milestone just below $ 20,000, has given way to a correction of 20% in the price, in just two days and now the bitcoin has returned to the price previous to the premiere of the futures of this December 18.

In the rest of the market for encryption currencies, the picture is mixed at this time. During the day of Tuesday, the ether (in 800 dollars), the litecoin and the dash fell prey to the appetite of the operators, when they drained bitcoin assets to these currencies, which are counted among the first 10 by market capitalization, according to CoinMarketCap . This Wednesday, while they suffer more or less important corrections, unquestionably excels the bitcoin cash, which accumulates a rise of more than 50% to $ 3,500. The bitcoin gold also catapults a not inconsiderable 35% until almost reaching 500 dollars. The accumulated loas more than 1,300 active tokens remains above the 600,000 dollars.

THE SEC AND THE HACKERS

The flight of the bitcoin has occurred after two news related to this market. On the one hand, the Securities and Exchange Commission of the United States (U.S. Securities and Exchange Commission -SEC-) has suspended

This action adds to the campaign that the supervisor of the US markets has undertaken against the cryptoactives. After issuing several warnings about its risks and ruling that the initial issues of currencies (ICOs) must be recorded as securities, it has gone from words to deeds. In recent weeks, several of these launches of cryptographic currencies - which serve blockchain companies to raise funds - have intervened or stopped.

On the other hand, it is increasingly evident that one of the black swans facing this brand new market is cybercrime. Not only because, according to several experts, if it is shown that hackers and all types of criminals use bitcoin to finance themselves, their reputation will be affected, but because attacks, increasingly frequent on exchange platforms, suppliers of 'purses' 'and particular users, highlights the fragility of the system.

The latest on the list of cyber attacks has forced the South Korean Youbit Exchange to declare bankruptcy. The intermediary has announced on its website the hacking, an attack that has caused losses of up to 17% of its assets, according to Reuters.

The company has not given more details of the attack and its consequences, although it did indicate that the value of all of its clients' assets would be reduced by 25% and that it would try to minimize the losses of its customers. In addition, it announced that it had stopped the exchange of bitcoins.

It is the second hack suffered by Youbit this year. But it is not the only platform of its kind that has had to deal with this threat. At the beginning of December, the news of the theft of 71 million dollars in bitcoins of one of the platforms of mining - solution of mathematical problems to support the blockchain - more reputed, Nice Hash.

In this sense, if in 2017 there was an escalation of ransomware attacks and data breaches, in 2018 they could be larger and more frequent, Lee Chen, CEO of A10 Networks, told CNBC. The expert warns that the cryptocurrencies will become

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