South Korea accuses its northern neighbor of having hacked its crypto exchanges, which resulted in billions of won stolen.
Owing to the risks of over buying and purchasing, banks across the U.S and Europe and banning crypto purchases through credit cards.
The minister in his budget speech for 2018 talked about eliminating the use of cryptos for “illegitimate” activities.
Some experts call it “healthy fall”and blame numerous governmental restrictions for the Bitcoin slide while many investors try to get rid of the cryptocurrency by all means.
The UK’s Royal Mint is launching its own gold-backed cryptocurrency. One coin named RMG is equal to one gram of gold.
South Korea does not intend to ban cryptocurrency trading, the country’s finance minister said on Thursday.
As cryptocurrency prices stabilized across the globe, CoinMarketCap reinstates South Korean exchanges, listing their crypto data again.
Tether is yet to come clean on its alleged involvement with Bitfinex exchange and issuing USDT tokens which are alleged to have been not backed by the U.S Dollar.
South Korea’s regulatory ban on anonymous crypto trading finally goes into effect starting today and many participants back this decision.
Coincheck has been asked to submit a report by Feb 13 stating the reasons of security loopholes and work further on restoring the issues.
Analysts say that there could be a “bloodbath” in the crypto markets if suspicions regarding use of Tether tokens for pumping Bitcoin price turns out to be true.
Tokyo-based crypto exchange Coincheck suffered a loss of 58 billion yen as a result of a hack. 500 million NEM tokens were stolen. The exchange has temporarily stopped some services and is now working to remedy the consequences of the hack.
At the World Economic Forum 2018, some of the prominent personalities discuss the blockchain technology and cryptocurrencies and how it can shape the global economy in future.
Both these companies are eager to use Ripple’s xRapid payments solution that is designed to provide on-demand liquidity.
Top 15 cryptocurrencies by market cap are seen correcting by 10% just over last 24 hours.