The South Korean government has announced a number of new restrictions on cryptocurrency trading amid a surge of crypto popularity by the South Korean public. The government claims these rules are designed to control fraud and to protect the public from losses incurred from wild price fluctuations. Bitcoin prices fell 11 percent after the announcement,…
During the last couple of weeks, the Bitcoin price continued its bullish run, with its value shortly exceeding the threshold of USD 5,000 per unit. Yet, it seems like regulatory issues in countries with massive trading volumes can have a strong impact on the value of Bitcoin. One of such for example is China, as the…