Trading activity and prices have since tumbled spil authorities tightened confinements.

May 11, 20:22 pm +08

SEOUL (May 11): South Korean prosecutors raided the offices of Upbit, one of the world’s largest cryptocurrency exchanges.

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Authorities searched the exchange’s offices on Thursday and Friday, according to an official from the Seoul Southern District Prosecutors’ Office, who asked not to be identified citing office policy.

With the exception of only Augur, Nuls, and Tether, the entire list of top 100 digital currencies are on the crimson.

The cryptocurrency market turned upside down on Friday, having lost about $50 billion market capitalization overnight.

With the exception of only Augur, Nuls, and Tether, the entire list of top 100 digital currencies are on the crimson. The dreadful sentiment seems to be a reaction to reports that South Korea’s exchange Upbit is suspected of fraud.

Your assets are kept securely ter your account, so you can surplus assured that you can use Upbit services.” Crypto Community Reaction Reactions from the crypto community on social media and online message boards are split inbetween worry overheen the potential influence on crypto prices and notions that it is a bit of an exaggeration.

Upbit, South Korea’s largest cryptocurrency exchange podium, is presently under investigation spil it is suspected of engaging te false financial reporting activities, deceiving investors te the process spil the price of bitcoin violates below $9,000.

Restringido media outlets te South Korea also report that the exchange’s office has bot raided.

With all major currencies facing big setbacks right now, it seems very unlikely the EOS price will fare any better.

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Spil wasgoed to be expected during the latest crypto market recovery, a further decline would occur sooner or straks. Unluckily for all cryptocurrency enthusiasts, that correction is taking place right now. All currencies are ripping off like flies, albeit the EOS price is undoubtedly taking the brunt of the onslaught.

An interesting mix of different pairs, albeit it seems unlikely this will be sufficient to keep the EOS price trend at this level, let alone thrust it up a few notches.

Spil wasgoed to be expected during the latest crypto market recovery, a further decline would occur sooner or zometeen. Unluckily for all cryptocurrency enthusiasts, that correction is taking place right now. All currencies are ripping off like flies, albeit the EOS price is certainly taking the brunt of the attack.

The longer term trend is a long slow decline however from its peak of almost 1900 satoshis ($0.25) te early January.

FOMO Moments

After a few days of solid gains and good momentum the markets are sliding back downwards merienda again. Sparked by fears of a clampdown on Binance te Japan everything is ter the crimson again this morning, a toneel which has become fairly commonplace this year. Bitcoin has declined by 6.8% on the day and has fallen back to $8,450 with further losses looking likely spil wij inject the weekend.