After a precipitous crash, cryptocurrency enthusiasts have been heartened to see a steady climb in the value of frontrunner coins since yesterday. What's driving the rebound in an increasingly harsh regulatory climate might be a so-called "stablecoin" widely suspected to be fraudulent.
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.