One more uneasy, but interesting day for crypto traders. Here we go: the most important news for today.🔻
🔸Bitcoin falls to $10,000 for first time since Dec. 1.
- The fall comes after several countries warned against dealing with the e-currency, including three Arab countries; Egypt, Saudi Arabia and Palestine, who deemed it forbidden.
- Bitcoin, the largest and most prominent cryptocurrency, fell more than 11 percent to hit $10,000 on the Luxembourg-based Bitstamp exchange, amid worries about a regulatory clampdown.Later around 1410 GMT, bitcoin stood at $9,807.56 to record its lowest value since December 1 and a plunge of almost 50 percent since reaching a record high on December 18, according to data compiled by Bloomberg.
🔹Bitconnect has formally closed its lending platform and cryptocurrency exchange following warnings from Texas and North Carolina regulators. The Bitconnect Coin (BCC) digital currency is down 87% today and 93% from its December 29 high of $437.
🔸South Korea military blocks soldiers’ access to cryptocurrency trading.
- South Korea’s national defense ministry has begun blocking access to online cryptocurrency trading platforms in military bases.
As Korean financial officials ponder a wider clampdown on domestic cryptocurrency trading markets, the country’s military is already weighing up and enforcing its own measures to keep soldiers from trading cryptocurrencies like bitcoin, the Korea Times reports.
🔹North Korea government-backed hackers are trying to steal cryptocurrency from South Korean users.
- The hackers, known as Lazarus, used similar tactics to those in the Sony Pictures hack and WannaCry ransomware attack
- Researchers said North Korea is attempting to acquire cryptocurrency to ease the pressure of financial sanctions
🔸Sweden looking to release national digital currency called e-Krona.
- While several countries have stated that they are mulling over the possibility of an officially sanctioned digital currency, Sweden appears set to become the first to launch its own central bank cryptocurrency, called the e-Krona.
🔹World’s Fourth Largest Bank MUFG To Launch Own Cryptocurrency In 2018
- Mitsubishi UFJ Financial Group, the largest bank of Japan, will launch its own cryptocurrency and crypto exchange service.
🔸Belarus will legalize cryptocurrency trading.
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