News

Bitcoin tumbles 10% as South Korea moves to curb crypto trade

South Korea’s government proposes new legislation that will ban the use of anonymous cryptocurrency accounts

Bitcoin tumbles 10% as South Korea moves to curb crypto trade

Bitcoin prices plunged on Thursday, with spot prices erasing more than $1,500 after South Korea announced tougher measures to crack down on cryptocurrencies trade, MarketWatch reports.

Prices on CoinDesk tumbled $1,552.39, or 10%, to $13,825.89, trimming its market cap to $232bn. Just 11 days ago, the currency traded at almost $20,000 after a one-month buying frenzy that sent it up more than 1,800% on the year, fueling fears of a speculative bubble.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump