Bitcoin now hovers around $US6300 ($8320), but not long ago it had spiked to nearly $US20,000 ($26,413) per coin. Sceptics have wondered how such a rise was even possible, and a paper authored at the University of Texas suggests a fairly reasonable answer: Price manipulation!
Tagged With bitfinex
Hong Kong bitcoin exchange Bitfinex reported yesterday that hackers had stolen 119,756 bitcoin, which is worth as much as $US72 million dollars ($94.9 million), with some reports going even higher. News of the hack sent bitcoin tumbling 23 per cent, with its current value hovering around $753. Bitfinex confirmed that no other digital currency except bitcoin was targeted in the hack.