Move comes less than two weeks after high-profile digital currency exchange in Seoul was hacked and went bankruptBitcoin plunged by more than $1,000 (£740) on Thursday after South Korea said it was planning a crackdown on trading in the digital currency in the latest of a string of warnings for investors. Bitcoin recovered ground later on Thursday and was trading at about $14,000 at 5.30pm UK time. Show Hide Bitcoin is the first, and the biggest, "cryptocurrency" – a decentralised tradable digital asset. The move came less than two weeks after the high-profile insolvency of one of the country’s digital currency exchanges, after the Seoul-based platform was hit by hackers for a second time. While some have said more investors in the market could help support higher valuations, the currency is on a jittery run.

Source: The Guardian December 28, 2017 11:42 UTC