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South Korea has detected hundreds of millions of dollars worth of illegal cryptocurrency trading, shortly after imposing new regulation.  The country’s customs service says that around 637.5bn KRW ($598.6m, £423.2m) worth of foreign exchange crimes have been uncovered. It isn’t yet clear how the people involved in the rule breaches will be punished, but authorities…
Bitcoin is plunging in part because of a report that India could ban trading in cryptocurrencies entirely. The report appears to have been misleading. The Indian government appeared to have been only announcing that it could add extra regulation to bitcoin – but in an ambiguous statement that hasn't stopped it dragging the value of cryptocurrencies down.…
The market chop and consolidation has continued for bitcoin today and analysts remain on the fence as to where it is likely to go next. The trading range is getting tighter however so a breakout could be imminent. Bitcoin Holding Fast at $10k Over the past 24 hours BTC has traded between $10k and $10.2k…
News that the world’s largest crypto exchange by trading volume, Binance, has curtailed services to US customers sent shockwaves across the crypto community yesterday. Today it is the turn of Bittrex which has followed suit by announcing that certain markets will no longer be accessible to US clients. Crypto Assets Moving to Bittrex International In…
While cryptocurrencies have fallen dramatically over the course of yesteryear, volatility has plummeted. Per data gathered by BitVol, an analytics provider, the Bitcoin-to-USD 30-day volatility has fallen from 7.5% at BTC’s $20,000 peak to 2.6% today. It’s a similar sight for Litecoin, Ethereum, and an array of other liquid crypto markets. Thus, many traders looking…
Markets are sleeping again this weekend; only Veritaseum and Ravencoin going anywhere. Sunday has seen a small upward shift in crypto markets as predicted in yesterday’s market update. With a series of small higher lows over the past 24 hours market capitalization has crept back over $210 billion. Bitcoin has climbed back over $6,500 again…
With the recent increase in popularity of the blockchain technology, many believe that it is only a matter of time before this tech enters the mainstream. However, to do that, it will first need a catalyst, and many have been wondering for a while just what that might be. According to Loom Network’s recent Medium…
Another hacking attack has hit a known crypto exchange in Japan, and this time, thieves managed to steal around $60 million in crypto. Another Crypto Exchange Hack The popularity of attacks on crypto exchanges seemingly continues to grow, with another such exchange being hit just recently, in Japan. It is largely believed that such incidents…
Bithumb and Binance have announced listings of new coins, with Bithumb stating that Waves (WAVES) and ChainLink (LINK) will be joining its ranks, while Binance is adding BNB trading pair for TRON (TRX). Bithumb Adds Two New Coins Cryptos getting listed on new exchanges is always big news for both the coins and the exchanges…
Key Highlights ETH price recovered nicely and moved above the $210 level against the US Dollar. There is a key bearish trend line in place with resistance at $216 on the hourly chart of ETH/USD (data feed via Kraken). The pair must break the $216 and $220 resistance levels to move further higher in the…