Friday, 2 February 2018

Digital currency Bitcoin braces for worst week since 2013



Digital currency Bitcoin has fallen 30% this week, leaving it on track for its worst week since April 2013.

 
On Friday the price fell below $7,910 on the Bitstamp exchange, a 12% fall on the day before, but recovered slightly.


But although it is far short of the $19,000 it reached in November 2017, it is still way above the $1,000 level at which it started trading last year.


The fall comes amid a number of recent incidents that appear to have shaken faith in cryptocurrencies.


On Friday, Japan's financial regulator carried out a surprise check on major Japanese exchange, Coincheck, which last week was subject to a security hack.

The regulator said it had asked the exchange to fix flaws in its computer networks well before last week's theft by hackers of $530m of digital money.




BBC                  News.