On the Bitfinex, Bitcoin was quoted at $6,358, by some 6% down d-o-d. At the same time, Ethereum on this platform collapsed by more than 10% to $485. Ripple and Litecoin changed hands at some 0.50650 and 88.950 respectively. For now, the market capitalization decreased to $269 billion ($288 billion earlier).
Over the past few weeks, the prices for cryptocurrencies tried to go up given the price manipulation case, unscalability and security issues.
Meanwhile, in South Korea, Bithumb that was hacked recently, will not receive an insurance payout. According to the media, the hack is considered as "property damage" and is not subject to the insurance certificate. Notably, this platform spends the largest amount for the insurance – some $5.4 million.
According to the reports, the security on the exchange platforms is still one of the key weaknesses. Specifically, Coinrail was hacked just in two weeks before Bithumb and lost $37.2 million.
At the same time, as it was stated ealeir, the Central Bank of South Korea stood against the concept of the national cryptocurrency, citing possible threat and damage to the markets.
“It’s desirable that the BOK is the only entity to entirely control issuing money,” the central bank said in a report.