Bitcoin Down 10 Percent Following Cryptocurrency Exchange Hack

Written by:
Guest
Published on:
Jun/10/2018

The price of bitcoin tumbled Sunday on news of a major hack at South Korea's Coinrail exchange.

While considered a relatively small exchange, news of the hack was enough to cause a significant selloff or around 10%.

Bitcoin hit a low of $6,647.33, its lowest since April 9.  Reports did not mention bitcoin,  indicating that only lesser-known cryptocurrencies like Pundi X-bitcoin pair were affected.

The decline followed a report on Friday from The Wall Street Journal that U.S. regulators are investigating potential price manipulation at four major cryptocurrency exchanges.

Other major cryptocurrencies also fell. Ethereum dropped 14 percent to near $514 and litecoin fell more than 11 percent to around $104, according to CoinDesk.

- Aaron Goldstein, Gambling911.com

Business/Financial News

Another $6 Billion of Value wiped Out of Bitcoin in a Day

Another $6 Billion of Value wiped Out of Bitcoin in a Day

Cryptocurrencies, which today accounts for upwards of 70% of all online gambling transactions in the North American market, lost approximately $6 billion of its value in a single day Thursday.

What is a PPH Sportsbook?

A PPH sportsbook is short for a pay per head sportsbook and that is a company that provides a platform and website for bookies so they can accept bets on daily sporting events

7 Reasons Why You Should Use Bookie Software to Run Your Sportsbook

Today it’s possible to run a world-class sportsbook even if you’re a one-man-show. You can actually rival most online sportsbooks by using bookie software to run every aspect of your operation.

New Pay Per Head Provider Comes Onto The Scene Just in Time for UFC 229

New Pay Per Head Provider Comes Onto The Scene Just in Time for UFC 229

PayPerHead247.com has entered the profitable Pay Per Head space with plenty of betting action coming down the pike.

MMA White Label Sportsbook - Kentucky

Kentucky bookmakers and agents can utilize the premier MMA white label sportsbook software courtesy of PremierPerHead.com.

Syndicate