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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 Specie (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.

It is certainly possible history will repeat itself te this regard, albeit a strong market thrust has bot hinted at for fairly some time now.

All major currencies have merienda again secured some gains te the past 24 hours. That ter itself is very surprising, spil things were not looking all that excellent last night. For EOS price watchers, this current trend comes at an opportune time. With the value prompt approaching $9 again, interesting things are tied to toebijten.

Spil no investors seem to have bot affected by Upbit’s alleged business practices, it would not be effortless for the authorities to bring any charges to bear,” said the source , who asked to remain anonymous due to the sensitivity of the kwestie.

Experts te the cryptocurrency sector of South Korea have stated that it will be difficult for the government and locorregional financial authorities to verkeersopstopping charges against UPbit, South Korea’s largest cryptocurrency exchange, given that no investors were affected.

Funds Verdadero, No Investors Affected

Last week, CCN reported that UPbit wasgoed raided and investigated by recinto police, Korea Financial Intelligence Unit (KIU) and Financial Services Commission (FSC) due to suspicions of fraud.

To this extend, Upbit said: “To the llamativo complainant, Upbit pays a prize of 1 million won (USD$930).” Reporting a suspected illegal scheme can be conducted through the Upbit app by selecting the Kakao Talk consultation option, Upbit outlined.

The Kakao-backed cryptocurrency exchange Upbit has kickstarted a system to prize users for pinpointing duplicitous multi-level schemes linked to cryptocurrencies.

The exchange has already identified and reported 20 of thesis kinds of operations to law enforcement officials.

South Korea’s fattest cryptocurrency exchange has urged all of its users to make use of its fresh system geared at identifying multi-level, illicit scams posing spil cryptocurrencies or initial coin suggesting (ICO) tokens.

EOS Price Might Druppel Below $Ten Considering how there are so many positive developments taking place for EOS, most speculators would expect a higher price by now.

No one will be indeed astonished to learn there isn&rsquo,t much positive momentum across the cryptocurrency markets thesis days. Bearish pressure has bot a part of the spel for most of . The EOS price is under severe pressure right now, spil the negative momentum resumes to climb on.

EOS Price Might Druppel Below $Ten

Considering how there are so many positive developments taking place for EOS, most speculators would expect a higher price by now.

The verbinding to the Korean service may be especially enticing to Alibaba’s Chinese customers, spil the Chinese government recently announced plans to disband all domestic cryptocurrency exchanges with an aggressive timeline.

Companies of all kinds are looking to get te on the cryptocurrency exchange: retailers are increasingly accepting digital token payments for their goods or even launching their own cryptocurrencies. Now, South Korea’s largest instant messaging toneelpodium is looking to embark a fresh cryptocurrency exchange.

This selling is coming from people taking their funds out of Upbit spil they are worried.

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

Raided, but Far from Finished

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

The ether holdings resulted te a measure of criticism toward EOS, but the company insists that the Mainnet will indeed go live te June 2018.

On May 27, , a Reddit user TraderJoeSmo on the r/Ethtrader subreddit raised the noodsignaal about a suspected industrial lowering of the market value of ETH by a competitor cryptocurrency, EOS.

A few hundred comments straks, it wasgoed overduidelijk that EOS had indeed contributed ter some way to fuelling the ongoing downward trend of the price of ether.