Investing.com - Cryptocurrencies were higher on Thursday but Bitcoin still remains near a six-month low.
Bitcoin was trading at $6,732.3 increasing 1.38% the Bitfinex exchange, as of 7:47 AM ET (11:47 GMT).
Cryptocurrencies overall were slightly higher, with the coin market cap of total market capitalization rising to $288 billion at the time of writing compared to $283 billion on Wednesday.
Ethereum was higher, rising 1.74% to $533.12 on the Bitfinex exchange. Ripple, the third largest virtual currency, increased 1.28% to $0.53806 while Litecoin was at $96.73, up 0.58%.
The digital coins have struggled in recent weeks amid accusations of price manipulation and a Bank of International Settlement report saying alternative coins are unscalable.
Prices were also held back by news on Wednesday that South Korean exchange Bithumb was hacked. The sixth largest platform in the world lost around 35 billion South Korean won ($31.5 million) of various virtual coins, including Ripple. The coins will be covered by the companies reserves, Bithumb said.
It’s just the latest of a number of coin hacks, as security remains one of the biggest threats to digital coins.
Just two weeks ago, Coinrail lost approximately $37.2 million worth of coins, while hackers stole more than $500 million from Japanese cryptocurrency exchange Coincheck in January.
Meanwhile U.S.-based Coinbase is facing a myriad of complaints filed with the U.S. Securities and Exchange Commission. The complaints include accusations that the exchange has stolen holdings from users and has defrauded them. The company is close to receiving registration with the SEC as a broker deal, which would allow the firm to list many more digital assets on its platform.