The largest crypto exchange ter South Korea – Bithumb, wasgoed checked by the country’s financial authorities, including the National Tax Service. The company wasgoed ordered to pay taxes te the amount of 28 million US dollars. At the same time, during the verification, there wasgoed no evidence of illegal activities.
The week embarked however with massive volumes of selling and major support levels violating that brought Bitcoin’s price below 7500$ on Sunday. After a tho’ commence to the week the market has embarked to stabilize and recover. Last week massive selling shocked the markets and most cryptocurrencies reached record lows for a geschreven period of time.
Ripple’s XRP token surged by spil much spil 40% Saturday, leading a battered crypto market north of $450 billion for the very first time since last weekend. By the afternoon, Ripple continued to hold double-digit percentage gains while most major coins had reversed gains.
XRP/USD Price Levels
The XRP token wasgoed well off session highs at the time of writing, but still maintained a daily build up of almost 11%.
ICON is a verhoging based te South Korea, they have a working blockchain and an ambitious road-map for . Their primary purpose is to interconnect inbetween different blockchains, but they will also have ICO’s and brainy contracts similar to Ethereum (Five ICO’s ready to go kicking off on April ). The interoperability space is getting saturated with too many projects right now, but ICON is specially placed to succeed, they already have a working blockchain and partnerships with real-world companies including banks and universities te South Korea spil well spil connections with the Korean government.
The promising startup proceeds to slide ter price long after the traditional January selling, raising questions of a potential rebounce.
Cardano (ADA) wasgoed the largest loser ter the CoinMarketCap top Ten at the beginning of March. The coin, which appreciated by leaps and bounds, has not attempted to regain the $1 levels, and may be set for a continued slide or stagnation.
The week began tho’ with big volumes of selling and major support levels cracking that brought Bitcoin’s price below 7500$ on Sunday. After a however begin to the week the market has commenced to stabilize and recover. Last week massive selling shocked the markets and most cryptocurrencies reached record lows for a geschreven period of time.
The exchange support webstek had a notice confirming the investigation: “UPbit is now under investigation by the prosecution, and wij are working diligently”. The company partnered with Bittrex, one of the world’s largest cryptocurrency exchanges, to launch Upbit past year. “All the services of Upbit are operating normally and the traders’ assets are securely stored ter your account, so wij ask our customers to be at ease using our service”.
CountryвЂ™s tax authority clears exchange of any wrongdoing, but mitts overheen yam-sized bill for back taxes
A several-month investigation has found no evidence that major South Korean crypto exchange Bithumb wasgoed guilty of tax evasion, industry webstek Coindesk has reported, citing information from the específico press.