Tag: bitcoin exchanges

Bitcoin Price Watch: A $500 Drop is in the Books

At press time, bitcoin is trading for just over $8,000 – a solid dip from yesterday’s high of about $8,500, though it is a step above today’s previous low of $7,700. Bitcoin is struggling to stay afloat, but many outside factors are looking to prevent this. One involves ongoing regulation in South Korea. The country accounts for over one quarter of the world’s bitcoin and cryptocurrency trades, making it a …
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Bitcoin Price Watch: Breaking $10K is Proving Difficult

At press time, bitcoin is trading for approximately $9,130 following a long week of volatility exploits and price drops. The cryptocurrency has been experiencing massive swings between the $8,900 and $9,500 range, and it’s unclear if or when bitcoin will decide to settle before another respective run. Just over a week ago, bitcoin was trading for approximately $11,200, though drops have likely occurred thanks to ongoing regulatory tactics. Currently, China’s …
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South Korea Targets Minors, Foreigners With New Regulations

Adding to its recent regulatory efforts, the South Korean government has drafted further legislation to rein in the emerging cryptocurrency market. These developments follow a batch of proposed regulations meant to safeguard investors from potentially dangerous exchange practices. It appears that the new legislation has a similar goal, as it looks to protect the public from crypto’s general volatility. A Week of Regulations On December 13, the South Korean government concluded …
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North Korea Targets South Korean Bitcoin Companies

North Korea has been in the news a lot recently, mostly for its leader’s continued and heightened threats against the United States and its allies. In response, the United Nations universally adopted new sanctions – with backing from China – against the hermit kingdom. The DPRK swiftly ramped up its rhetoric, and may have also performed cyberattacks against South Korean bitcoin exchanges. North Korea Targets Bitcoin UPI reported that the Cyber Warfare Research Center …
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