Bitcoin prices plunged on Thursday by almost 14 per cent, after South Korea intensified its crackdown on virtual currencies and considers a ban on all cryptocurrency trading in the country, one of the world's largest bitcoin markets.
Bitcoin dropped as much as 12% to $12,801, before paring the loss to about 5% at 9.10am NY time, according to data compiled by Bloomberg.
GETTYThis talk of a possible ban of cryptocurrency trading lead to a drop of 12 percent in bitcoin
The country's government is looking to clamp down on cryptocurrencies following a boom in initial coin offerings (ICOs) and trading of cryptocurrencies in the country.
On Thursday, January 11, 2018, reports from South Korea indicated that some of the nation's authorities are planning a ban on cryptocurrency trading in the country.
This year has not been so favorable for bitcoin as it receives more oppositions both from government and other cryptocurrencies, which may eventually cause an unimaginable fall in its value. "Some officials are pushing for stronger and stronger regulations because they only see more (investors) jumping in, not out".
By 5pm Hong Kong time, it was trading at US$13,723.94, down 7.8 per cent.
An unidentified spokesman told the Financial Times: "They asked for some data such as cryptocurrency trading volume, our exchange's sales and whether we are paying corporate tax well". The official, who spoke on condition of anonymity, said that Coinone was cooperating with the investigation.
According to industry website CryptoCompare, more than 10 percent of ethereum is traded against the South Korean won - the second largest concentration in terms of fiat currencies behind the dollar. Police raids on exchanges also follow earlier statements from regulators that they may tax capital gains from crypto trading.
Those things - and the GoPro name - helped put Karma into second place in its price band in 2017 behind category leader DJI . The latest job cuts will reduce GoPro's workforce to less than 1,000, down from about 1,500 at the end of 2016.
Assuming that Nagy been with Reid for a very long time, he may have learned some things from Reid that he can bring to the Bears. Nagy's luster took on a new shine late in the season when Reid handed off play calling duties to his young protegé.
The winger has played just 74 minutes of football in Ligue 1 this season and has struggled to live up expectation in recent years. United have plenty of attacking support in Marcus Rashford and Anthony Martial, but they need an effective No. 10 in the squad.
The home side had earlier won the opening ODI in Wellington by 61 runs and will now face the Pakistanis on Saturday at Dunedin. After rains played the spoilsport and delayed the play for more than two hours, the target was revised to 151 off 25 overs.
But with " CBS This Morning ", the network is in a better competitive position against " Today " and "GMA" than ever before. It caught some CBS staffers off-guard, partly because the morning show was live on the air at the time.
For quick unlocking, the device comes with a one-touch fingerprint sensor that's integrated onto the metallic back panel. Talking about the smartphones, the Sony Xperia XA2 and Xperia XA2 Ultra differ in terms of some of the specifications.
The stars wore all black in solidarity of "Me Too" and "Times Up" in honor of sexual harassment and equality. Three Billboards Outside Ebbing, Missouri will be released in United Kingdom cinemas on Friday 12th January.
Police would not confirm reports that the jewels were stolen from a hotel shop or that the robbers were armed with hatchets. Authorities have said that the thieves smashed the windows of the hotel, took the jewels, and attempted to flee the scene.
In terms of the RAM and storage , the HP Chromebook 11 G6 EE will be offered with upto 8GB of RAM and upto 64GB of storage . Then, Acer is bragging about the impressive 10-hour battery life , which is pretty decent considering the price point.
You'll now have a chance to earn pieces from the Nightmare , First Civilization , Gladiator , and Wacky packs in-game. The first expansion for critically-acclaimed Assassin's Creed: Origins will be released later this month.
Google could be heading for speaker-less future
On Ivanov's profile page, it says that Redux achieved a "successful exit" in August 2017, but it does not state the buyer. Google ( GOOG , GOOGL ) acquired a United Kingdom speaker tech startup late a year ago for undisclosed terms.
People familiar with deal: Mets, Bruce agree at $39M, 3 yrs
NY began the year with great expectations that were quickly derailed by long-term injuries to Syndergaard, Cespedes and others. If the Mets are okay having Asdrubal Cabrera play third base, as I personally am, then the focus should be second base.
Google Pay launched, will be coming to Google Tez in India
All said and done, digital payment efforts by either Google or Apple in India didn't seem to have taken off as expected. It also mentioned that users will see the rebranding move across payments with friends, online retailers and stores.
Sunderland set to pounce on Chelsea defender
Sunderland have signed defender Jake Clarke-Salter on loan from Chelsea for the rest of the season. This season the youngster has spent the first half of the campaign at Stamford Bridge.
Kanye West grants the wish of a girl dying of cancer
Last May a young man named Tyler Wesley marked the five-year anniversary of his spinal cord injury that left him in a wheelchair. According to TMZ , the preteen girl was a huge fan of West's, so her family had worked hard to get a hold of him.
Bad memory makes Dustin Johnson a golf king
But Johnson had put himself out of reach of all pursuers in the elite 34-player event for 2017 tournament winners. In a decade-long PGA Tour career, Johnson has won at least one tournament every year since his rookie season.