A slight ease bounce failed to salvage cryptos’ voorstelling this week spil prices continued to descend. Regulations and investigations have funked 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.
South Korea ter its latest budge have called upon a team of financial regulators and prosecutors so spil to widen their investigation and to crosscheck the exchange operators te domestic cryptocurrency. One major argument by the regulators are the corporate accounts are majorly used for money laundering.
A slight ease bounce failed to salvage cryptos’ spectacle this week spil prices continued to descend. Regulations and investigations have panicked 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, one of the largest cryptocurrency exchanges te 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 Eighteen spil customers. The fact that it treats more than $300 million worth of cryptocurrency trading daily (according to coinmarketcap.com) shows how popular cryptocurrency trading is te the country.
This upcoming weekend will not be a pleasant one for cryptocurrency traders. Given the form the markets are ter right now, more bearish pressure can be expected te the days to come. Every top currency is getting battered spil wij speak, with some coins taking a much thicker kasstuk than others.
Cristiano Ronaldo is leaving Efectivo Madrid for Juventus ter blockbuster $110M transfer
Bitcoin glided 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 budge back through to $9,000 levels after an initial dip, witnessed 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 te the late afternoon to call on support at the day’s third major support level at $8.354.1.
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 te the future. While the CBOE officials were sorting out the punt, Bitcoin cosily traded above the $15,000 level te the crypto currency exchanges.
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.