Cryptocurrency Market Recovers as Bitcoin, Ethereum, et al. Spike 20%

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After experiencing a 2-day slump during which the price of most cryptocurrencies including bitcoin, Ethereum, Ripple, and Bitcoin Cash declined significantly, the cryptocurrency market has started to recover. Major Cryptocurrencies Surge in Value Cryptocurrencies in the top 20 rankings of the global cryptocurrency market have recorded large gains over the past few hours. Ripple in

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Ripple Price Surges 49% as Market Shakes Off Wednesday Woes

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The ripple price surged by 49 percent on Thursday as the cryptocurrency markets made a $177 billion recovery from Wednesday’s low-point. Ripple Price Makes 49 Percent Recovery Like all cryptocurrencies, this week’s market movements have dealt ripple a losing hand. After peaking near $4 earlier this month, the ripple price plunged as low as $0.88

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‘Impossible’ to Shut Down Cryptocurrency Exchanges, Govt. Lacks Authority: Korea’s Fair Trade Chief

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The chairman of Korea’s Fair Trade Commission – the economic competition regulator – has blasted efforts to shutter cryptocurrency exchanges before calling on the government to regulate the industry instead. In a radio interview yesterday, FTC chairman Kim Sang-Joo plainly opined it is “not realistically possible” to shut down cryptocurrency exchanges, adding that the law

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Bitcoin Wallet Ledger Raises Mammoth $75 Million in Series B Funding

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French cryptocurrency hardware startup Ledger has announced a new $75 million Series B round of funding to ramp up operations and keep up with demand for products like its hardware bitcoin wallet. Paris-based cryptocurrency and blockchain security firm Ledger has raised €61 million ($75 million) from investors in a Series B round led by UK-based

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South Korea ‘Considering’ Shutting Cryptocurrency Exchanges [Rinse, Repeat]

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The head of Korea’s primary financial regulator has said the government is considering shuttering all domestic cryptocurrency exchanges. Alternatively, the ban could only loom over exchanges breaking the law. The ongoing debacle of South Korean policymakers and officials delivering contrasting statements about the legality of domestic cryptocurrency trading just took another turn. Quoting the chief

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Carmaker Proton Suspends Auto Dealership for Accepting Bitcoin

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It wasn’t Malaysian regulators that suspended the dealership branch but instead the auto manufacturer, Proton Holdings. A Selangor-based Proton dealership took it upon itself to begin accepting bitcoin as a form of payment. The problem is that automaker Proton never gave the dealership the green light, with the company saying it doesn’t recognize cryptocurrencies as

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BitConnect Token Loses 90% Amid Exchange Closure Announcement

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BitConnect, a once-promising crypto entity, has lost nearly 90 of its value, as its price has fallen to $26.00 in the wake of announcing the closure of its exchange and lending operation amidst legal problems with U.S regulators. The currency’s market capitalization has fallen to $175,637,617, according to coinmarketcap.com. A total of $17.517 million worth

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Portuguese Consumer Watchdog Wants Bitcoin Investors Taxed

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At a time in which the cryptocurrency ecosystem endures a significant correction as bitcoin dips below the $10,000 mark, Portuguese consumer protection association DECO wants the government to tax cryptocurrency investors. According to local publication Sábado, the organization sent the Ministry of Finance, and the European commissioner in charge of consumer defense a proposal to

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