CryptoWire, SEOUL, South Korea, Feb. 7: A South Korean cryptocurrency exchange said it accidentally distributed more than $40 billion worth of bitcoin to customers due to a system error, briefly crediting hundreds of accounts with digital assets far exceeding their intended rewards before the mistake was identified and reversed. Bithumb said the incident occurred on Friday during the processing of a promotional payout. The exchange had planned to issue a small incentive of 2,000…

CryptoWire, NEW YORK: Bitcoin rebounded above $70,000 on Friday after sliding to about $60,018 earlier in the session, a sharp swing that underscored renewed volatility in the cryptocurrency market. The world’s largest digital asset traded as high as roughly $71,465 during the rebound. By Saturday, Bitcoin was trading around $69,000, off the day’s highs but well above the prior session’s low. The move followed a broad selloff that hit a…

CryptoWire, NEW YORK: Bitcoin fell back toward $73,000 this week, giving up gains built after the November 2024 U.S. presidential election and marking one of its sharpest pullbacks since last year’s peak. The largest cryptocurrency briefly dipped below $73,000 on Tuesday, February 3, and later rebounded above $76,000 by the end of U.S. trading, after sliding to levels last seen in November 2024, according to market and crypto data services.…