Bitcoin price plummets as South Korea's plan to ban cryptocurrency trading sends market into turmoil

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South Korea To Impose Cryptocurrecy Ban

- valuewalk.com
11 Jan 2018
Bitcoin prices plunged as much as 13% on Thursday after South Korean government said it was planning to ban cryptocurrency trading in the country. South Korea is one of the biggest sources of global demand for bitcoin and other cryptocurrencies. That's why bitcoin trades at nearly 30% premium in South Korea compared to other countries. After the government's comments about ...

Cryptocurrency Exchange Ban 'Not Finalized

11 Jan 2018
Over the last 24 hours, concerns over the reports emanating from South Korea - a major crypto market - have sent the price of bitcoin and other cryptocurrencies diving. At press time, a bitcoin was worth $13,780, according to the CoinDesk Bitcoin Price Index.
- xbt.money

Proposed Ban On Cryptocurrency Trading, Exchanges In South Korea

- ethnews.com
11 Jan 2018
However, after the Justice Ministry spoke of an impending ban (and, indeed, after the international market took a huge coinciding dip ), local reports from South Korea's Ministry of Strategy and Finance (MOSF, a key member of the crypto task force) said that the MOSF does not agree with the "premature statement of the Ministry of Justice about a potential cryptocurrency ...

South Korea Plans Cryptocurrency Trading Ban, Creating Market Turmoil

11 Jan 2018
SEOUL (Reuters) - South Korea's government said on Thursday it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil as the nation's police and tax authorities raided local exchanges on alleged tax evasion.
- huffingtonpost.ca

Cryptocurrency markets are tanking on news of shutdown in South Korea

- businessinsider.com
11 Jan 2018
South Korea has been a hot market for cryptocurrencies. Bitcoin, for instance, has traded at a more than 40% premium on exchanges in the country relative to US exchanges. According to Josiah Hernandez, chief strategy officer at Coinsource, that demand will make it hard for regulators to follow through on a full ban.

South Korea might ban cryptocurrency trading, but nothing's finalized yet

11 Jan 2018
South Korea mulls cryptocurrency ban but it's far from finalized Image: Shutterstock / phanurak rubpol By Stan Schroeder2018-01-11 13:55:57 UTC News from South Korea is causing turmoil in the cryptocurrency market. The country's Justice minister Park Sang-ki said the country is preparing a ban on cryptocurrency trading, Reuters reported Thursday..
- coinspectator.com

South Korean Government Will Not Implement a Cryptocurrency Trading Ban

- btcmanager.com
11 Jan 2018
More importantly, the South Korean cryptocurrency exchange market is processing a daily trading volume that is twice larger than the country's main stock market KOSDAQ. The economic impact of any country or government abruptly shutting down its stock market would be in the billions. In South Korea, the closure of cryptocurrency exchanges would lead to a similar magnitude ...

Bitcoin, Ethereum Prices Plot Cautious Recovery as Korean Government Cools Trading Ban Rumors

11 Jan 2018
Third-ranked ripple continued its mid-week downtrend, falling six percent to reduce its market cap to $66.7 billion. Bitcoin cash, conversely, managed to rise by six percent and lift its market cap to $42.4 billion. Cardano, litecoin, NEM, and dash all fell between three and five percent, while EOS and IOTA joined bitcoin cash in posting single-day advances.
- ccn.com

Performing ETFs Were Bitcoin

- tribetica.com
11 Jan 2018
According to Direxion's filing , dated December 15, 2017, its Bitcoin ETF seeks "to provide total return that exceeds that of bitcoin futures contracts over a complete market cycle." If approved, this ETF will be actively managed. And it would be listed and traded on the NYSE Arca , Inc.

Bitcoin plunges as South Korea plans to ban cryptocurrency trading

11 Jan 2018
Bitcoin was down more than 10 per cent on the Luxembourg-based Bitstamp at $13,199, after earlier dropping as low as $13,120, its weakest since Jan. 2. South Korea's cryptocurrency-related shares were also hammered. Vidente and Omnitel, which are stakeholders of Bithumb, skidded by the daily trading limit of 30 per cent each.
- theglobeandmail.com

South Korea plans to ban cryptocurrency trading, rattles virtual coin market

- bdnews24.com
11 Jan 2018
Bitcoin was down more than 10 percent on the Luxembourg-based Bitstamp at $13,199, after earlier dropping as low as $13,120, its weakest since Jan. 2. South Korea's cryptocurrency-related shares were also hammered. Vidente and Omnitel, which are stakeholders of Bithumb, skidded by the daily trading limit of 30 percent each.

This Giant Infographic Compares Bitcoin, Ethereum, and Other Major Cryptocurrencies

11 Jan 2018
Bitcoin is the original cryptocurrency, and was released as open-source software in 2009. Using a new distributed ledger known as the blockchain, the Bitcoin protocol allows for users to make peer-to-peer transactions using digital currency while avoiding the "double spending" problem.
- visualcapitalist.com

South Korea banks open cryptocurrency accounts

- today.ng
11 Jan 2018
South Korea's virtual currency exchanges have been more vulnerable to hackers as bitcoin trades at higher rates on local exchanges than they do elsewhere. As of 0710 GMT, bitcoin's global price average was trading at $16,294 while in South Korean markets, it stood at 25 million won, or $23,467.35, according to Coinhills.com.

People Desperate to Buy Bitcoin Are Paying With Credit Cards

11 Jan 2018
About 18 percent of bitcoin investors used a credit card to fund purchases of the cryptocurrency, according to a LendEDU survey of 672 active investors conducted in December. Of those, 22 percent could not pay off their balance after buying the digital coin.
- bloomberg.com

Korean Citizen Petition Opposing Cryptocurrency Trading Ban Nears 100,00 Signatures

- priceshall.com
11 Jan 2018
Aside from the most well known petition to stop cryptocurrency trading ban from remaining imposed, quite a few petitions have been submitted by South Korean citizens requesting the govt to get rid of Park Sang-ki, the head of the Justice Ministry, from office environment.

How Do Cryptocurrencies Stack Up To Visa or PayPal

11 Jan 2018
Overall, Visa continues to have one of the fastest transactions speeds across several different payment networks. Keep in mind that cryptocurrency and blockchain technology is still in the very early stages. Visa was founded in 1958 and has had 60 years to improve and grow its payment network capabilities. Imagine if we give Ripple, Bitcoin Cash, Litecoin, and other ...
- howmuch.net
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