LONDON (Reuters) – Bitcoin, the world’s largest cryptocurrency, skidded 9 percent on Thursday to its lowest level since late November, as a Facebook ban on cryptocurrency adverts and a growing regulatory backlash against the nascent market rattled investors.
On the Luxembourg-based Bitstamp exchange
Facebook
A $530 million hack of Japanese cryptocurrency exchange Coincheck late last week has also weighed on the market, along with a subpoena sent by U.S. regulators to two of the world’s biggest cryptocurrency players, Bitfinex and Tether.
(Reporting by Tommy Wilkes; Editing by Jemima Kelly)