Bitcoin falls $1,000 after South Korea promises crackdown on trading

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. It dropped to about $13,500 after trading at about $15,400 on Wednesday. The dip was seen as a further illustration of bitcoin’s volatility. Continue reading...