One of the world’s biggest bitcoin exchanges has been hacked

One of the largest bitcoin exchanges in the world has been hacked, and 30,000 customers’ data has been compromised, according to a report from Yonhap News. Bithumb is based in South Korea, and the country’s watchdog Internet and Security Agency is investigating after some customers said they lost money in the attack. Bithumb did not immediately respond to Business Insider’s request for comment, though it says users’ passwords were not stolen, according to Yonhap News.…

"One of the world’s biggest bitcoin exchanges has been hacked"

One of the world’s top central bankers warns digital currencies like bitcoin could worsen future financial crises

Jens Weidmann, the head of Germany’s Bundesbank and one of the most powerful figures in European finance, has warned that digital currencies like bitcoin have the potential to make financial crises in the future even more devastating. Speaking in Frankfurt on Wednesday, Weidmann said he believes that central banks will eventually create their own digital currencies to reassure average citizens that such currencies are safe and stable, but in doing so could increase the risk…

"One of the world’s top central bankers warns digital currencies like bitcoin could worsen future financial crises"