Bitcoin and Ethereum plummet as South Korea decides on total crypto shutdown

The value of ethereum slid by around $60 starting its decline at 10.00pm UTC to start Tuesday in free fall. While Bitcoin’s fortunes mirrored its competitor losing $380 in a single day. South Korea has announced a curb on crypto futures and vowed the come down hard on any criminal activities involving illegal currencies. The […]

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China to block centralized trading of cryptocurrency

Chinese authorities plan to block domestic access to Chinese and offshore cryptocurrency platforms that allow centralized trading, Bloomberg reported Monday citing sources.   Chinese authorities will also target individuals and companies that provide market-making, settlement and clearing services for centralized trading, Bloomberg reported. Last year, Chinese regulators banned initial coin offerings, shut down local cryptocurrency […]

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Researchers find that one person likely drove Bitcoin from $150 to $1,000

Researchers Neil Gandal, JT Hamrick, Tyler Moore, and Tali Oberman have written a fascinating paper on Bitcoin price manipulation. Entitled “Price Manipulation in the Bitcoin Ecosystem” and appearing in the recent issue of the Journal of Monetary Economics the paper describes to what degree the Bitcoin ecosystem is controlled by bad actors. To many it’s been obvious that the […]

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Japan’s latest sensation is a cryptocurrency pop group

If you’re starting a pop group in Japan, where giant rosters and virtual superstars are par for the course, how do you stand out? By tying yourself to something trendy — and in 2018, that means cryptocurrency. Meet Kasotsuka Shojo (Virtual Currency Girls), a J-pop group where each of the eight girls represents one of the larger digital monetary formats. Yes, […]

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South Korea may ban cryptocurrency trading amid fears of tax evasion

South Korea continues to roil the cryptocurrency markets. On Thursday, after Justice Minister Park Sang-Ki announced that the South Korean government was considering making cryptocurrency trading illegal, the broad crypto market suffered another steep sell off. Bitcoin and Ethereum both fell by 14% on the news. “There are great concerns regarding virtual currencies and the […]

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Visa locks down prepaid cryptocurrency cards, hitting bitcoin and ethereum users

Shoppers using cryptocurrencies like bitcoin and ethereum were hit after Visa locked down some pre-paid cards by blocking a single provider. BitPay, Cryptopay and Bitwala have all had their cards suspended as of 5 January, meaning they cannot be used to pay for goods on the high street. Their services are provided through WaveCrest, which is based in […]

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Mark Zuckerberg says Facebook is looking into how it can use cryptocurrency

Facebook CEO and founder Mark Zuckerberg says one aspect of his yearly personal challenge will be to study cryptocurrency and explore how it can be used within Facebook. Zuckerberg published a Facebook post Thursday in which he outlined his personal goal for 2018. The main goal is, essentially, to fix the problems within Facebook that have […]

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