Today we saw a major drop in the cryptocurrency market, and simply by looking at the coordinated timing of the different government statements and releases, it becomes clear that this was a concerted effort to bring down the market. Now whether that was to be able to slide in and scoop up all the currency Read More…
Tag: trading
Cryptos Surge As South Korea Backs Away From Trading Ban
After what has seemed like a non-stop barrage of bad news for crypto bulls from South Korea, we noted some cracks in the foundation of the anti-cryptocurrency push as the ministry of finance refused to support the ministry of justice’s exchange shutdown bill. Tonight we get further clarification that the end of South Korean crypto trading Read More…
South Korea Readies Ban On Cryptocurrency Trading As Police & Tax Agency Raid Exchanges
South Korea’s justice minister has announced legislation is in the works to ban cryptocurrency trading after police and tax authorities reportedly raided the country’s biggest exchanges in a tax evasion probe. “There are great concerns regarding virtual currencies and the justice ministry is basically preparing a bill to ban cryptocurrency trading through exchanges,” Park Sang-ki told Read More…