Cryptocurrencies Tank Amid Bitcoin Whale Sale and CFTC Investigation

[kreslik.news]

The cryptocurrency market has tanked today, as a relatively minor South Korean cryptocurrency exchange experienced a hack and shut down temporarily.

The exchange in question is called Coinrail. It is a small-scale operation which handles $2.6 million dollars worth of trading a day, according to coinmarketcap.com. The Coinrail website is currently down for maintenance. It displays a message apologising for the inconvenience and says that it will be back up tomorrow.

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Coinrail lists approximately 50 cryptocurrencies, but mainly deals in a small-scale cryptocurrency called Pundi X (NPXS) according to Ethereum World News. The ... (read more)