Servers Crash spil Bitcoin Futures Trading Commences te CBOE

Within moments of launching Bitcoin futures, the CBOE (Chicago Houtvezelplaat Options Exchange) webstek crashed Sunday, raising fears of inadequate prep to meet the massive influx of traffic. The crash also raised concerns of a possible DDoS (Distributed Denial of Service) attacks ter the future. While the CBOE officials were sorting out the punt, Bitcoin conveniently traded above the $15,000 level te the crypto currency exchanges.

Trading or investing te cryptocurrencies carries with it potential risks.

Investing.com | May 12, 00:59

Investing.com – Cryptocurrencies tumbled across the houtvezelplaat on Friday adding strongly to a major weekly decline after news that South Korean officials raided the country&rsquo,s largest crypto exchange.

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Bitcoin sank 7.90% ter the last 24 hours to reach $8,602.20 on the Bitfinex exchange by Ten:46AM ET (14:46GMT), the largest crypto by market capitalization has lost 12.7% so far this week after an attack at the $Ten,000 level last Saturday petered out at $9,990.

While cryptocurrencies have seen severe selling pressure this week amid a series of negative comments from high profile investors, news that South Korean prosecutors raided the country’s fattest cryptocurrency exchange, Upbit, on Thursday and Friday seemed to derail any possibility of a recovery.

Investing.com | May 12, 00:59

Investing.com – Cryptocurrencies tumbled across the houtvezelplaat on Friday adding strenuously to a major weekly decline after news that South Korean officials raided the country&rsquo,s largest crypto exchange.

Bitcoin sank 7.90% ter the last 24 hours to reach $8,602.20 on the Bitfinex exchange by Ten:46AM ET (14:46GMT), the largest crypto by market capitalization has lost 12.7% so far this week after an attack at the $Ten,000 level last Saturday petered out at $9,990.

US Caudal Markets Review Five

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The US hacienda markets had a strong week, with each of the major indicies (S&P 500, Nasdaq and Dow) each up around Two.5%. The Nasdaq is now up overheen 7% YTD, while the Dow has lagged at up 0.5%.

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Ter normal, commodities were mostly vapid, but Oil wasgoed up another 1.2% for the week, putting the build up for the year overheen 17%.

What is now known is that regional mainstream media outlets have reported that a snaak activity inbetween the Korean Financial Intelligence Unit (KIU), the Financial Services Commission, and Seoul Police, has resulted ter the raid of Upbit’s offices.

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.

UPbit services such spil all transactions and withdrawals are operating normally.

The cryptocurrency market has fallen by large margins after UPbit, South Korea’s thickest cryptocurrency exchange and formerly the world’s second-largest trading verhoging, wasgoed raided and investigated by lugar police on May 11, .

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Raided, but Far from Finished

Investors still expect the market to recover swiftly ter the short-term spil traders budge their funds to other international and tópico exchanges.

The latest development goes after is the a series of crackdowns from law enforcement agencies on cryptocurrency exchange platforms.

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

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

Gox trustee.

The cryptocurrency market has declined by more than $50 billion overheen the past 24 hours, spil the bitcoin price declined by more than 8 procent and other major cryptocurrencies along with tokens experienced an intensified movement on the downside.

Bitcoin Price at $8,500

Overheen the past 24 hours, the bitcoin price has dropped by more than 8 procent mainly due to two major factors: police raid into the headquarters of major South Korean exchange UPbit and the selloff of 8,000 bitcoin by the Mt.