North Korea warns US of ‘substantial nuclear threat’ in declaration from Kim Jong-un

The dictator made the bold threat after his military fired an intercontinental ballistic missile (ICBM) they insist is powerful enough to destroy Washington DC.

A North Korean propaganda outlet said: “ stressed that nobody can deny the entity of the DPRK which rapidly emerged as a strategic state capable of posing a substantial nuclear threat to the US.”

The fiery comment was made at a Korean Workers Party conference of cell chairpersons which coordinate the parties lowest level members.

CrowdStrike CEO George Kurtz said he believed North Korea is appreciating the increase in bitcoin price.

He said: “This is significant because the US Government does not take these attribution cases lightly.

“We have been tracking this early on, we certainly agree with the US Government but I think it highlights the capabilities that North Korea has in cyber.

“What we have seen is that the increase in capabilities in the last three years and it is something that a lot of countries should be concerned about, particularly those companies that are dealing with bitcoin and cryptocurrencies.”

Mr Kurtz added that he believed the rogue state to be “building a cache of bitcoin”.

He said: “It’s an anonymous currency, it can easily bypass any sort of sanctions because there are none on bitcoin, and the value has increased dramatically.

“It is the perfect currency for North Korea to be hoarding.”

Bitcoin peaked at £14,251.01 ($19,026.21) on Monday, according to the CoinDesk exchange before slumping down to £13,221.59 ($17,651.85). On Sunday, bitcoin hit a new record high price as the cryptocurrency board past $20,000.

Fears have been raised that the currency could “spiral out of control” after warnings from experts.

Oliver Isaacs a Cryptocurrency investor believes the cash coin bubble will eventually burst with massive consequences for investors.

He said: “Personally I think Bitcoin will be the biggest bubble of our lifetime. Bitcoin has already reached over $10,000 a coin and it will not be long until bitcoin valuations and prices continue to rise and spiral out of control.”