• Bitcoin Drops as South Korea Says It Could Close Exchanges

    6 monthes ago - By Fortune

    Bitcoin resumed its tumble on Thursday after South Korea said it was eyeing options including a potential shutdown of at least some cryptocurrency exchanges to stamp out a frenzy of speculation.
    South Korea has been ground zero for a global surge in interest in bitcoin and other digital currencies as prices surged this year, prompting the nation's prime minister to worry over the impact on Korean youth. While there's no indication Asia's No. 4 economy will shutter exchanges that have accounted by some measures for more than a fifth of global trading, the news is a warning as regulators...
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  • Bitcoin tumbles 10% as South Korea moves to curb crypto trade

    6 monthes ago - By eFinancial News

    South Korea's government proposes new legislation that will ban the use of anonymous cryptocurrency accounts
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  • Bitcoin Plunges Again As South Korea Considers Major Crackdown On Crypto Speculation

    6 monthes ago - By ETF Daily News

    From Tyler Durden : Bitcoin has plunged over $1000 in early Asia trading (and the rest of the majors in the crypto space have followed) after South Korean officials said they will review various measures including shutdown of exchanges to curb cryptocurrency speculation, according to statement from Office for Government Policy Coordination.
    “Cryptocurrency speculation has been irrationally overheated in Korea,” the government said in the statement, which comes little more than a week after the bankruptcy filing of one South Korean exchange. “The government can't leave the abnormal...
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  • 10 things you need to know before the opening bell

    10 things you need to know before the opening bell

    6 monthes ago - By Business Insider

    Here is what you need to know.
    Bitcoin plunges on fears South Korea will shut exchanges. The cryptocurrency trades down more than 10% near $13,800 a coin after the South Korean government warned it may close some cryptocurrency exchanges amid "irrationally overheated" trading.
    Bitcoin is losing its dominance over crypto. The digital coin commanded nearly 90% of the crypto market at the beginning of 2017, but that number hit a low of 42% on Monday, according to data from CoinMarketCap.com.
    The yield curve is the flattest it's been since 2007. The spread between the 2-year and 10-year yields...
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  • 10 things you need to know before the opening bell

    10 things you need to know before the opening bell

    6 monthes ago - By Business Insider

    Here is what you need to know.
    Bitcoin plunges on fears South Korea will shut exchanges. The cryptocurrency trades down more than 10% near $13,800 a coin after the South Korean government warned it may close some cryptocurrency exchanges amid "irrationally overheated" trading.
    Bitcoin is losing its dominance over crypto. The digital coin commanded nearly 90% of the crypto market at the beginning of 2017, but that number hit a low of 42% on Monday, according to data from CoinMarketCap.com.
    The yield curve is the flattest it's been since 2007. The spread between the 2-year and 10-year yields...
    Read more ...

     

  • Bitcoin plunges on fears South Korea will shut exchanges

    Bitcoin plunges on fears South Korea will shut exchanges

    6 monthes ago - By Business Insider

    Bitcoin drops below $14,000 in overnight trading on statement from South Korean government that trading is "overheated."
    The crypto currency recovered but is still down more than 7% on the day.
    Bitcoin plunged below $14,000 after the South Korean government warned it may close some cryptocurrency exchanges amid "irrationally overheated" trading.
    Bloomberg News reported that South Korea will require cryptocurrency transactions to name participants and ban banks from offering virtual accounts. The government may also direct law enforcement officials to close some exchanges.
    “Cryptocurrency...
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  • Bitcoin plunges on fears South Korea will shut exchanges

    Bitcoin plunges on fears South Korea will shut exchanges

    6 monthes ago - By Business Insider

    Bitcoin drops below $14,000 in overnight trading on statement from South Korean government that trading is "overheated."
    The crypto currency recovered but is still down more than 7% on the day.
    Bitcoin plunged below $14,000 after the South Korean government warned it may close some cryptocurrency exchanges amid "irrationally overheated" trading.
    Bloomberg News reported that South Korea will require cryptocurrency transactions to name participants and ban banks from offering virtual accounts. The government may also direct law enforcement officials to close some exchanges.
    “Cryptocurrency...
    Read more ...