Fendos, who directs undergraduate studies at Dongseo University and also directs a program at Fudan University in Shanghai. Friends told local media that he had lost nearly 10,000 in cryptocurrency. It continued to fall to 7,410 by February 5th, and as of April 2nd, the price of a bitcoin sits at 7,241. The Pundi X-bitcoin pair is the most-traded on Coinrail, CoinMarketCap data showed. The digital currency traded off those lows Monday afternoon, near 6,700.
The world s largest cryptocurrency moved back into the 7,000 range as a key exchange in South Korea, one of bitcoin s biggest markets, came. Bitcoin dropped more than 10 percent over the weekend to its lowes t in two months, after a relatively small South Korean exchange said it was. Read the latest news on South Korea to learn more about the country. BTC China, is set to launch trading services in South Korea in November.
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I dont think a lot of people were thinking they would have some luxurious life, going around in a yacht and traveling the world, Oh says. Lees investment multiplied five-fold over the winter months, but now, hes lost half of his principal. Watch: How to start your very own cryptocurrency show chapters. As soon as I break even, Im out, Oh says. I can work for the next 30 years. CME said exchanges contributing to its Bitcoin Reference Rate which include the four above are required to share information and cooperate with regulators. The South Korean government is concerned about money laundering, tax evasion and excessive speculations. Last month South Koreas Supreme Court ruled that bitcoin is a legally recognizable asset, overturning a decision made by one of the countrys lower courts in a case dating back to last year. Korean recruiting firm Saramin. In early 2017, she invested 40,000 in Ethereum, which has become wildly popular in South Korea. Even if a young Korean does have disposable funds, investment opportunities are scarce, he adds.