Cryptocurrencies Fall as South Korean Exchange Says $32 Million Stolen

The video discusses recent concerns about cryptocurrency vulnerabilities, highlighted by a $32 million hack on South Korea's Bitthumb exchange. The exchange has halted deposits and moved assets to a cold wallet, causing a drop in Bitcoin and other cryptocurrencies. Additionally, the video covers General Electric's removal from the Dow Jones Industrial Average, marking a historic moment as the last original member exits. GE's struggles with debt and declining demand have led to its replacement by Walgreens Boots Alliance, shifting the Dow's focus towards consumer and healthcare stocks.

What was the main concern raised by BIS regarding cryptocurrencies?

• High transaction fees

• Lack of government regulation

• Vulnerabilities to hacks and other security issues

• Their potential to replace traditional currencies

Which South Korean exchange was recently hacked, leading to a loss of $32 million?

• Kraken

• Coinbase

• Binance

• Bithumb

What immediate action did Bithumb take following the hack?

• Launched a new cryptocurrency

• Partnered with another exchange

• Increased trading fees

• Halted all deposits and moved assets to a cold wallet

What significant change occurred to GE in the Dow Jones Industrial Average?

• It was removed from the index

• It was added to the index

• It was split into two companies

• It acquired another company

Which company replaced GE in the Dow Jones Industrial Average?

• Amazon

• Walgreens Boots Alliance

• Microsoft

• Tesla