Bitcoin, the king of all cryptocurrencies, dropped below $10,000 last night, in the steepest drop-off in value since January of previous year.
Prices of bitcoin, ripple and ethereum plunged earlier this week, with bitcoin dropping under $10,000 yesterday. It's a one-two gut punch that underscores just how volatile this insane cryptocurrency market is. Regulators will also target people and companies that provide market-making, settlement and clearing services for centralized trading, the publication said, citing unnamed sources.
China is also reportedly looking to crackdown on the cryptocurrency market.
The dominance index of bitcoin, which calculates the dominance of the cryptocurrency over the global market, has increased over the past 48 hours amidst one of the worst corrections the market has experienced since June 2017.
Bitcoin fell below the US$10,000 level on Wednesday as a selloff continued in cyrptocurrencies amid fears of a regulatory clampdown on the units in various countries including South Korea and China.
However, although crypto experts are philosophical over bitcoin's "resting" state, mainstream finance commentators are now suggesting that the staggering price rise of digital currencies bears all the hallmarks of a "classic speculative bubble".
Even with the massive fall the Daniel Duarte Figueiredo who is a co-founder of Auctus blockchain firm remain very optimistic that Bitcoin will recover.
Last week, the justice minister's remark that the country will ban bitcoin and other digital currencies triggered big sell-offs and a public outcry. Due to the volatile nature, governments all around the world are planning to make strict regulatory requirements for bitcoin and other digital currencies. On the week, Bitcoin's has lost almost a third of its value, hitting its lowest level since November of past year. South Korea announced a few days that they were seeking out ways to regulate cryptocurrencies, with rumors of an outright ban. The I-T department is trying to work out a way of assessing these virtual currencies for tax purposes.
In fact, January 16, 2018, has been a particularly sad day in the recent history of all cryptocurrencies.
The sale will make Ferrero the third biggest confectioner in the U.S. and leave the Swiss brand free to focus on other areas. It follows Ferrero's purchase of Ferrara Candy, maker of Lemonheads and RedHots, from the L Catterton private equity group.
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The scheduling curiosity was pointed out online by ABC7 transportation reporter Sam Sweeney, who described it as " time travel ". National Institute of Standards and Technology , Hawaii is in a time zone that is 10 hours behind Coordinated Universal Time.
A more focussed Sharapova stuck to her game plan and was able to prevail 7-4 in the breaker to capture the match 6-1, 7-6 (4). As for how far she can go in the tournament, she said: "I feel like I'm building".
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The Rs 24 pack offers the users 500MB of data daily along with free voice calling, 20 SMS and free access to all Jio apps. This plan was particularly devised for users of the JioPhone, the company's first 4G VoLTE feature phone.
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Were he to step one foot outside the embassy walls, he would find himself handcuffed and bundled away by the Metropolitan Police. The demand for an end to the state persecution of Julian Assange must be taken up by the worldwide working class.
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Almost 80% of confirmed flu cases are Type A, H3N2, with Type A, H1N1 and Type B, taking 10 percent (each) of the total cases. The Centers for Disease Control classifies the flu outbreak in Texas this year as widespread.
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Giggs' first game will be against China at the China Cup , in which they will compete along with Uruguay and the Czech Republic . Giggs made almost 1000 appearances for Manchester United and 64 more for Wales in a glittering 23-year playing career.
Lincoln seized its truck honor over General Motors Company (NYSE: GM)'s Chevrolet Colorado ZR2 and the Ford Exhibition. To be eligible for the awards, a vehicle had to be new or substantially changed for the current year.
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