The British Cherry Islands, allegedly under pressure from the US government, has intensified hier fight against tax evasion and money laundering by cooperating with Bitfinex, the largest Bitcoin to US Dollar exchange podium.

A slight ease bounce failed to salvage cryptos’ vertoning this week spil prices continued to descend. Regulations and investigations have startled investors into withdrawing their coins for the meantime, causing cryptocurrency prices to druppel. At the same time, potential buyers are still on the lookout for the right time to purchase coins at their cheapest.

Upbit Awards 1 Million Won to 6 Reporters of Fraud

Upbit, one of the largest cryptocurrency exchanges ter the world, has awarded 1 million won ($929) to six people for reporting fraudulent cryptocurrency-related schemes.

Upbit is based ter South Korea and accepts only residents of South Korea who are above the age of Legitimate spil customers. The fact that it treats more than $300 million worth of cryptocurrency trading daily (according to shows how popular cryptocurrency trading is te the country.

Elsewhere, Bitcoin Specie wasgoed down 6.34%, with Cardano’s ADA sliding 7.15% te what is another day of crimson for the markets.

Cristiano Ronaldo is leaving Actual Madrid for Juventus ter blockbuster $110M transfer

Bitcoin slipped 6.71% on Friday, following Thursday’s Trio.3% fall, to end the day at $8,412.6, the very first sub-$9,000 close since 27 th April.

An attempt at an early trend bucking stir back through to $9,000 levels after an initial dip, eyed Bitcoin face strong selling pressure at the 23.6% FIB Retracement Level of $8,980, leading to a mid-morning sell-off that spotted Bitcoin fall through the day’s very first major support level at $8,877.9 and 2nd major support level at $8,745 to morning low $8,510, before hitting an intraday low $8,333.8 ter the late afternoon to call on support at the day’s third major support level at $8.354.1.

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.

Even tokens such spil ICON (ICX), Ontology (ONT), EOS, OmiseGo (OMG), and Ziliqa (ZIL), which have recorded massive gains against both bitcoin and the US dollar overheen the past two weeks, have recorded large losses ter the range of Five procent to 20 procent.

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.

Trading or investing te cryptocurrencies carries with it potential risks. | May 12, 00:59 – 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.

Related movie:

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.