Current Bitcoin Price: $6358 (as of 7:45 AM PST)

It wouldn’t be too far from the truth to say that the market’s in freefall today. Almost all cryptocurrencies have fallen by 8 to 10 percent, with Bitcoin and Ripple doing well to drop just 6 percent. This might have something to do with today’s headline.

As usual, the projects which have seen greater growth over the last few days have taken the hardest hits — NEO, Monero, Ontology, and Nano to name a few. Tezos is the only top-20 coin in the green today; it’s up by only 2 percent though.

Top Bitcoin & Crypto News Stories for 10th July 2018

$12.5 million Ethereum stolen from Bancor

When the market goes down, investors scramble to look for an explanation. In the case of particular bad crashes, there’s often a hack to blame.

This might be the case today, as $12.5 million in Ethereum has been stolen from a wallet belonging to Bancor, a lightweight cryptocurrency exchange powered by their proprietary Bancor token (BNT, #76).

Google admits failure to pioneer blockchain

Sergey Brin is the co-founder of Google and current president of Alphabet — which was created after a corporate restructuring of Google in late 2015.

At a private blockchain summit held by billionaire entrepreneur Richard Branson, Sergey Brin admitted that Google had “failed to be on the bleeding edge” of developing blockchain technologies.

Two new exchanges approved in Philippines

There’s no doubt that the Philippines likes tech. While crypto is no exception, the country’s strict government has been slow to catch onto its populations desires.

However, the Philippines’ central bank has authorized two new cryptocurrency exchanges — bringing the total up to five.