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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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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Bitcoin Drops as South Korea Says It Could Close Exchanges

Bitcoin resumed its tumble on Thursday after South Korea said it was eyeing options including a potential shutdown of at least some cryptocurrency exchanges to stamp out a frenzy of speculation. South Korea has been ground zero for a global surge in interest in bitcoin and other digital currencies as prices surged this year, prompting […]

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