Japanese authorities raid crypto exchange Coincheck after hack; bitcoin plunges further
Bitcoin falls below US$9,000 after India announces measures to curb use of virtual currencies
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Tokyo
JAPANESE authorities on Friday raided virtual currency exchange Coincheck, a week after the Tokyo-based firm lost US$530 million in cryptocurrency to hackers.
The raid comes as bitcoin went below US$9,000 for the first time since November after India said on Thursday it would take measures to prevent the use of cryptocurrencies.
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