Ripple, the third-biggest, has lost 18 percent of its value over the past 24 hours and was quoted at $1.03, down from a high of $3.81 on January 4. This news comes after the government closed cryptocurrency exchanges and significantly impacted the country's cryptocurrency scene, as well as the current steps towards banning initial coin offerings.
"These are all things that people have bought in the past, driving them to absurd prices, not because they did anything useful or produced money or had social value, but exclusively because people thought they could sell them on to someone else for more money in the future".
However, unlike other countries, it is not just the tech-savvy who have jumped on the Bitcoin band-wagon, but ordinary workers, housewives and even children, many of whom would never trade traditional stocks.
The cryptocurrency crash is here
"There are no disagreements over regulating speculation", such as using real-name accounts and levying taxes on cryptocurrency trading, Finance Minister Kim Dong-yeon is reported to have said this week.
"I think regulation and interference by governments is one of the biggest challenges facing bitcoin", Craig Erlam, a senior market analyst at currency trading firm Oanda, told USA TODAY.
The South Korean government is seeking to ban the cryptocurrency. Don't blindly invest in something without doing proper and thorough research, and never invest what you can't afford to lose.
Mr Aguillon, meanwhile, said the expiry date of the first bitcoin futures was approaching, which may also go towards explaining the sell-off. Other currencies like Ripple, Ethereum, BitcoinCash and Litecoin have experienced steep falls.
Analysts attribute the drop to concerns over possible new regulations, including perhaps a ban on its sale in South Korea, where some of the major cryptocurrency markets are located. While it has not been a good week for bitcoin, and cryptocurrency as a whole, it is safe to say we will definitely be seeing more news from it in the coming months.
Airbus posts record deliveries in 2017
The A380 drew worldwide attention when launched a decade ago but has always struggled to win enough customers. The company said it had a backlog of orders worth US$1.1 billion.
The program, also known as DACA, provides protections and work permits to individuals who entered the USA illegally as children. The DOJ has appealed a lower court's decision in The Regents of the University of California and Janet Napolitano v.
Given the speculation surrounding their manager, it was intriguing to note the response of Chelsea fans. As for Fabregas, the Spaniard makes Chelsea tick and without him they lacked creativity in midfield.
On Friday, Doha said it had lodged a protest at the United Nations about a UAE fighter jet violating its airspace on December 21. WAM quoted Saif al-Suwaidi, the director-general of the GCAA, as saying the intercepts happened at 10:30 a.m. and 11 a.m.
Those employees will get the $1,000 bonus announced Thursday and 60 days of pay, as well as severance to those eligible. Walmart is also amping up its paid maternity leave to 10 weeks, and paid parental leave to six weeks.
D'Antoni received a technical, giving the Clippers an additional free throw. " Chris Paul tried to beat me up". It was the point of no return for the Rockets, with Griffin being the go-to guy for the Clippers.
It was her eighth successive defeat since her maiden grand slam triumph. "I didn't play so bad, I wasn't missing every shot". Stephens was also forced to withdraw from the Brisbane International because of a right knee injury.
The company is also reviving Steven Spielberg's anthology series " Amazing Stories ", with Bryan Fuller serving as showrunner. BRINGING Big Little Lies back to the small screen has an eye-watering price-tag attached to it.
The HK-G, an acronym for Hong Kong-Guam, is another consortium cable interconnecting major subsea communication hubs in Asia. The Google Cloud Platform (GCP) region, which is now live in the country, will encourage more local firms to adopt Cloud.
This will be a huge increase from the $4.5 billion the automaker announced it would invest by 2020 in December 2015. Ford is to bring a high-performance electric utility vehicle to market by 2020. "For us, it's not just compliance".
New Jersey Transit's decision to hold a board meeting on Martin Luther King Day has generated some controversy. Ambassador to Germany - will officially be sworn in on Tuesday after defeating Republican and New Jersey Lt.
Notice 1036 also said that employers could withhold on supplemental wages of up to $1 million at a flat rate of 22 percent. There are also new limits on the mortgage interest deduction, and the child tax credit was expanded.
How can I watch the Saints and Vikings? As for the Lions, they have once again reverted to the mediocrity they are famous for. That came a month after the Vikings decided not to pick up an $18 million option on Peterson's contract for 2017.
Four Officers Shot Overnight in SC
Authorities did not release the names of the injured police officer and sheriff's deputies, nor their injuries or conditions. Multiple agencies then began "actively looking for the suspect" and issued emergency alerts to area residents, Faris said.
Former England striker Cyrille Regis dies
Ex-West Bromwich Albion striker Cyrille Regis has died suddenly of a heart attack at the age of 59, it has been announced. West Brom are due to unveil a 10-foot statue of Regis, Cunningham and Batson at the Hawthorns this season.
Honda Accord named vehicle of the Year
The brand sold only 10,523 Navigators a year ago , far behind competitors in the segment such as the Cadillac Escalade. Today the highly coveted North American Car, Utility and Truck of the year awards were announced .