Three reasons why bitcoin and cryptocurrency plunged

Cryptograms have been plummeting at the same time as bitcoin, which is a bitcoin (cryptocurrency), is pushed up to 8000 dollars at one time.

The Bloomberg News in the US said that India, which is the third largest economy in Asia, joined the cryptocurrency regulation, and the credibility problem of some exchanges was widespread. Facebook has banned advertising related to passwords, the world's largest social media And so on.

◇ Participation in the Indian cryptocurrency regulation: India, the third largest economy in Asia, joined the cryptographic regulation when a $ 500 million hacking incident occurred in Japan.

Indian finance minister Arun Jatlli attended a parliamentary day to explain the budget, saying, "The Indian government does not consider the cryptocurrency as legal currency," and said, "We need to eliminate illegal acts or payments We will do everything we can to help. "

However, he said that he would study the potential of the block chain technology separately at the government level.

NEW YORK (Reuters) - Citing the US government 'Tether': The New York Times reported that cryptographic prices might have been inflated by BitTorrent, a site that deals with the "

BitFinex is using "tether" as a substitute for dollars for cryptographic transactions. But the US financial authorities suspect this.

US authorities suspect whether the actual tether is linked to the dollar and whether the transaction site has enough dollars to pay if the customer asks.

Accordingly, the US Commodity Futures Commission (CFTC) has issued a subpoena to the teddy coin-making company and Bit-FINEX, which handles it. Tether has a market capitalization of $ 2.2 billion, the 23rd cipher.

◇ Cryptocurrency banning all commercials: Not only the government authorities but also the private companies are putting on the cryptocurrency.

Facebook, the world's largest social networking service, said it would ban ads related to password coins and coin (ICO) disclosures last month.

"We have created a policy that prohibits misleading or deceptive advertising, such as binary options, ICOs, passwords, and so on," said Lobridan, a Facebook product manager.

He added that the new policy will run across all relevant platforms, including Facebook, the Audience network, and Instagram.

In addition, password-related ads such as beat coins have disappeared from major social media and Internet search engines in China.

If you type 'Bitcoin', 'cryptocurrencymoney', 'ICO', etc. in the search box of China's largest search engine, Wei Boo, which is a Chinese version, related news will appear but pay advertisement and advertisement post will not appear.

"We do not allow password-related advertising, such as Bitcoin," Wei Bo said.

◇ 10 million won collapse in bitcoin Korea trading site: Bitcoin dropped 9.33% from 24 hours ago at 5:30 pm on July 1 after being temporarily pushed to 8,000 dollars on US trading site. It is worth $ 9,202 for $ 9,000.

At the same time, Korea's trading site, Bitsum, posted a 10-million-won decline of 9.77% to 10-million won.