Tag: Upbit

Bitcoin Price Watch: Currency Rises to $8,600

Bitcoin is now trading at the $8,600 mark. This is roughly $200 higher than where it stood yesterday afternoon. Could the price be recovering following Mt. Gox’s latest sell-off? Early this week, bitcoin was marred by two major actions. The first stemmed from South Korea, one of the largest bitcoin trading hubs in the world. Financial authorities raided popular cryptocurrency exchange Upbit after executives were alleged to have been illicitly …
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Upbit’s “Investigation” Has Nothing to Do with Fraud, Everything to Do with Pooled Liquidity

As is usually the case when the cryptocurrency markets are taking a beating, people want to know what is driving this bearish pressure. It appears the South Korean media has misreported an ‘incident’ involving popular domestic exchange Upbit. While there is an irregularity being investigated, it seems this is mainly based on a big misunderstanding. There is no fraud to speak of until proven otherwise. What is Going on With …
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Bitcoin Price Watch: Currency Plunges Below $9,000

The price of bitcoin has fallen dramatically over the last 24 hours. The currency is now trading for about $500 less than where it stood yesterday afternoon. At press time, the currency is wallowing in the $8,600 range after previously hovering at $9,100. Prior to that, the currency had experienced a weekend high of $9,800, but subsequently dropped to $9,500 and $9,300 respectively within a 48-hour period. This ultimately marks …
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Cardano Price Drops by 18% as Upbit Rumors Swell

This upcoming weekend will not be a pleasant one for cryptocurrency traders. Given the shape the markets are in right now, more bearish pressure can be expected in the days to come. Every top currency is getting battered as we speak, with some coins taking a much bigger hit than others. The Cardano price, for example, is already down by 18.22% and the worst has yet to come. Cardano Price …
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