CoinMarketCap excludes Korean data for cryptocurrency trading analysis

CoinMarketCap excludes Korean data for cryptocurrency trading analysis

CoinMarketCap excludes Korean data for cryptocurrency trading analysis

In a further sign of the gap between the two markets, Ethereum Classic's price went up 7 percent at South Korean exchanges, while the altcoin dropped 10 percent in value in the worldwide market.

Market participants said CoinMarketCap removed data without any explanation from three of the largest South Korean exchanges: Bithumb, Coinone, and Korbit.

It's all a bit of a mess, but one thing's for certain: South Korea has a lot of influence in the virtual currency market, and if it decides to ban trading, you can expect the value of your tokens to drop - as evidenced by the sudden downturn which, ultimately, was merely the result of speculative reports.

'South Korea has always had a premium because it's very hard to get cash out of the country, ' said Dwyer.

Investors flooded the presidential Blue House website with hundreds of online petitions against the shutdown, which was swiftly reversed. Reuters reported soon after that the Justice Ministry had said that a bill was forthcoming.

Walmart workers win pay rise after Trump tax cuts
While many traditional retailers have been struggling to keep up with online behemoth Amazon, Walmart has fared better. Workers in Washington D.C. and the states of California, Washington and MA , already earn at least $11 an hour.

Bitcoin had plunged 12% to $12,801 early on Thursday and at 15:00 GMT was down -1.57% at $14,009.40.

In the meantime, the worldwide price of Ethereum dropped 1.6 percent at a similar time, drawing a stark contrast with the 6.1 percent price increase in South Korea, according to Bithumb's analysis based on data from website CoinMarketCap.

"We're closely monitoring government moves".

Bithumb was raided by tax authorities, who inspected the company's documents, on Wednesday.

Additionally, South Korea's Financial Services Commission has been conducting onsite inspections of six local banks that offer cryptocurrency-related account services.

Male infertility among many side effects linked to ibuprofen
Aspirin, the best-selling NSAID on the USA market, was initially linked to stomach problems but was thought to be otherwise safe. Typically seen in older men and smokers, the condition describes when the testes produce an insufficient amount of testosterone.

It has also warned most cryptocurrencies were being traded in South Korea at far higher prices than elsewhere in the world, blaming factors including "blind speculation".

The exclusion of data from South Korean exchanges, where virtual currencies trade at a wide premium, sparked confusion and triggered a selloff.

So, it's not set in stone that trading is definitely going to be banned - and that's because the government is reportedly toying with other ideas to regulate activity, like clamping down on unlicensed exchanges.

A Chinese ban on virtual coin transactions in yuan ended up driving many investors underground, exposing them to greater risks, he said.

Justin Timberlake returns with a new single, 'Filthy'
The album will have 16 songs and Justin will release three more tracks before the full album comes out on Super Bowl weekend. Timberlake's highly-anticipated Woods will arrive almost five years since his last album, The 20/20 Experience .

Related news