Of course, news of UpBit involvement te fraud is shocking and more so spells doom for EOS and Tron coin holders. This is because the majority of the exchange’s trading volumes come from the latter’s request or liquidation. It’s a definite EOS, Tron and Litecoin sell signal visible for everyone here.
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 Canap of America has taken against Bitcoin and more.
Upbit Under Investigation By Police
Chosum, a recinto 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 ter the world), is being investigated by police for alleged fraud.
EOS is making a pauze for it, presently surging overheen 26% ahead of BTC on the back of fresh support from South Korean investors. At the time of writing, Upbit and Bithumb exchanges are collectively responsible for overheen 42% of EOS trades, against their native KRW currency. Wij&rsquo,ve seen a loterijlot of surging pump and dump behaviour from this particular nation before, namely the Bitcoin Metselspecie and Ripple surges, where price deeds ballooned by overheen 100% te their opening bull runs before harshly correcting.
Even tho’ most of the cryptocurrencies are still suffering from bearish momentum right now, it remains to be seen if there is any positive momentum on the horizon. For the EOS price, things are not looking all that bad compared to most of the other cryptocurrencies. Ter fact, it seems the EOS price is stabilizing above $6, which would be a milestone te its own right.
EOS is a utility cryptocurrency token that wasgoed released spil an initial coin suggesting (ICO) by the company Block.one with the aim to raise funds for a blockchain application. The toneelpodium EOS.IO is due to be launched on June 1, . The EOS utility tokens are distributed on the Ethereum blockchain.
The crypto markets have generally bot te the green from yesterday when the Overeenstemming Summit began te Fresh York City. Bitcoin (BTC) is presently trading at $8,789, Ethereum (ETH) has found a footing above $700 and trading at $734, Ripple (XRP) is trading at $0.745, Bitcoin Metselspecie (BCH) is presently valued at $1,446, and EOS (EOS) is demonstrating some remarkable recovery at $14.Nineteen.
Of course, news of UpBit involvement te fraud is shocking and more so spells doom for EOS and Tron coin holders. This is because the majority of the exchangeвЂ™s trading volumes come from the latterвЂ™s request or liquidation. ItвЂ™s a definite EOS, Tron and Litecoin sell signal visible for everyone here.
Current performing altcoins are EOS, Ethereum, Tron and Decred.
Ultimately there has bot some good news to lift crypto markets spil the week comes to an end. The SEC’s decision not to consider Ethereum spil a security has provided a long needed boost to cryptocurrencies. The markets are still way down but are trading slightly higher overheen the past 24 hours clawing back some of those losses.