Bitcoin collapses ! ! !

Panic in the financial world due to double-digit collapses that affected all the major cryptocurrencies this week. Today Bitcoin returns below the threshold of 12 thousand dollars for the first time since 22 December, losing around 13% of the value compared to yesterday's closing and 40% compared to the maximum of nearly 20 thousand dollars reached in the middle of the same month. The most famous cryptocurrency is set back until it reaches a minimum of $ 11,182 . The current value (late morning) is of $ 11,972.30 . Ethereum also bad ( -20% ) that touches the thousand dollars and Ripple (-26% ) that returns to 1.43 $. The restrictions on trade announced in South Korea and China , its most active cryptocurrency markets, weigh on the slowdown .

Bitcoin, Quote in real time

The latest blow comes from Beijing , where the deputy central bank governor , Pan Gongsheng argues that the authorities should prohibit centralized trading (ie exchange on platforms such as Coinbase ) of cryptocurrencies , of which Bitcoin is the most important. The news was Reuters , based on a memo sent by the deputy Governor to a meeting between the control bodies on the Internet.
Ethereum, Quote in real time

The Chinese authorities have already banned trading by targeting websites and apps that offer similar services to exchange platforms and have limited the activity of cryptocurrency mines. The objective , according to Bloomberg, is to prevent Chinese investors from accessing centralized and offshore platforms by putting the economy away from speculative risks , even if the exchange and operations in Bitcoin continue through alternative channels.

Bitcoin down, South Korea ready to ban them. And Buffett takes them away

Beijing's cautions echo those of Seoul's cousins . In fact, South Korea has announced in recent days that it is planning a law to prevent cryptocurrency trading and curb speculative risk, even if the government has been very cautious about it.