Stellar [XLM], Cardano [ADA] and EOS, for example, were all down at least 16%.

All the cryptocurrencies ter the market suffered from fine decline following the Upbit raid which took place recently. Thesis widespread declines have taken place after it wasgoed reported that South Korean authorities raided Upbit, nation’s largest digital currency exchange. Widespread losses were experienced by the entire market and all the top 25 digital currencies were te crimson at the time of writing.

Marihuana investment company Liberty Health Sciences Inc (OTCQX:LHSIF) has signed an agreement with Aphria, a medicinal marihuana company, to produce and sell Solei Sungrown Marihuana te Florida and Massachusetts.

It wasgoed a rough Friday for cryptocurrencies, with all five top cryptocurrencies ter the crimson.

EOS (EOS-USD) wasgoed the top decliner of the day, falling more than 13% to US$14.97.

The second-largest decliner wasgoed Bitcoin Metselspecie (BCH-USD), falling almost 8% to US$1,399.27 followed by Ripple (XRP-USD), which fell more than 7% to US$0.Sixty-nine.

Online Canap Uses Bitcoins For Loans The founder of Bitbond, Radoslav Albrecht, recently created an online handelsbank that permits users to transfer loans anywhere ter the world using Bitcoins.

Today on Bitcoin This Week wij have a weekly recap of Bitcoin news. Wij discuss Upbit and the investigation into their alleged fraud, the stand Bankgebouw of America has taken against Bitcoin and more.

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https://youtu.be/hWWZFPaTsQ4

Upbit Under Investigation By Police

Chosum, a restringido news outlet has reported that Upbit, one of South Korea’s largest exchanges, and fourth by trading volume globally (making it one of the largest exchanges te the world), is being investigated by police for alleged fraud.

After all, it is ter his incentive to sell Mt.

The price of bitcoin corrected by 12 procent te the past week to close at $8,500 spil investors were worried about what the raid of South Korean bitcoin exchange Upbit meant for future bitcoin regulations te the leading bitcoin economy.

On May Ten, , South Korean law enforcement agents and financial regulatory officials confiscated paper and digital records and are reportedly te the process of combing through the lotsbestemming to obtain evidence.

Ter latest weeks, Bitcoin has bot poised to merienda again pauze through the $Ten,000 price barrier, spil bullish sentiment seemed to be growing.

Posted on May 11,

Authorities te South Korea raided the UPbit cryptocurrency exchange’s offices on Thursday and Friday, according to numerous media reports. Prosecutors reportedly believe that the exchange had deceived customers by selling digital currencies that it did not hold. News of the raid shows up to have contributed to a broad decline ter cryptocurrency prices on Friday.

Kakao, South Korea’s largest talk app rock-hard, is estimated to own overheen 20 procent te shares of Dunamu.

Prosecutors have raided the offices of Upbit, South Korea’s largest cryptocurrency exchange.

By Cho Mu-Hyun | May 11, — 11:42 GMT (04:42 PDT) | Topic: Lícito

South Korean prosecutors have raided the offices of cryptocurrency exchange Upbit.

Prosecutors have secured the rock hard’s accounts and records from its rekentuig systems te investigation of whether the company defrauded customers by claiming it had cryptocurrency and electronic wallets that it didn’t have.

The cryptocurrency rock-hard named Lee Sir-goo spil its CEO last year ter December.

Prosecutors have raided the offices of Upbit, South Korea’s largest cryptocurrency exchange.

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By Cho Mu-Hyun | May 11, — 11:42 GMT (04:42 PDT) | Topic: Lícito

South Korean prosecutors have raided the offices of cryptocurrency exchange Upbit.

Prosecutors have secured the hard’s accounts and records from its laptop systems te investigation of whether the company defrauded customers by claiming it had cryptocurrency and electronic wallets that it didn’t have.

The present situation of the cryptocurrency market is fairly similar to the traditional financial market based on stocks and bonds te its early stage.

Korea’s largest cryptocurrency exchange has announced the launch of the country’s very first cryptocurrency index.

Upbit, a relatively fresh Korean crypto exchange that has quickly established itself spil the country’s fattest by trading volume, is launching the very first domestic cryptocurrency index te a bid to help crypto investors better understand overall market trends.