Cryptocurrencies’ prices slipped in Asia’s Wednesday afternoon although South Korea’s Finance Supervisory Service (FSS) hinted a better deal for the crypto industry today.
Bitcoin was trading at $10,714.0 by 1:00am ET on the Bitfinex exchange, down 6.26% over the previous 24 hours.
Ethereum, the world’s second largest cryptocurrency by market cap, lost 7.77% at $872.32 on the Bitfinex exchange.
Ripple’s XRP token plunged 10.55% to $0.99000 on the Poloniex exchange.
Meanwhile, Litecoin dived 11.22% lower at $218.79.
A comment by FSS chief Choe Heung-sik took centre stage today as the market regulator changed its tough stance on the digital coin trade to a softer tone.
"The whole world is now framing the outline (for cryptocurrency) and therefore (the government) should rather work more on normalization than increasing regulation," said Choe.
Although Choe’s comment was not a directional driver for the crypto prices today, investors saw the news as positive since the regulator’s change of tone was a stark contrast to the justice minister’s warnings last month that the government was considering to shut down local cryptocurrency exchanges, which caused crypto prices to dive in January and earlier this month.
Elsewhere, Dutch financial services company ING reportedly confirmed in an email today that Bitfinex has a bank account with it. However, ING spokesman Harold Reusken noted that the bank does not provide any services to help their customers engage in any cryptocurrencies trading.
Of course they will all rise again.
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The trend was going down until US Senate committee hearing... That stopped downtrend, so why are we again in red would be nice to know ;) I see just positive news in last two weeks...
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For sure regarding last month, current week has been so positive for the entire cryptocurrency market.
Also we are bullish as start of March with new great news to come.
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I hope so... But IMO we need to expect bumpy road this year ;)
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Published 10 hours ago:
Published 14 hours ago
https://www.investing.com/news/cryptocurrency-news/crypto-prices-slip-despite-south-korea-regulators-better-deal-signal-1284448
!cheetah ban
Plagiarism - Hard
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Okay, I have banned @ohamdache.
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I do acknowledge your claim. And this will not happen again.
Our target is to help to grow this community in good fresh contents, In any cases, i need to Quote something in the future I will add a reference to it.
Hope you re-consider the Ban as I'm active here and posting my own daily Cryptocurrency analysis.
Thanks.
@patrice
@cheetah
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@patrice I want to apologize for being so ignorant and stupid. My family and I are the owners of ALLGOODFARM listed on @spaminator. We had decided to stop comment spamming prior to @prowler flagging us it was actually the day after. We never realized how much fun creating unique and quality content can be. WE ARE TRULY SORRY FOR OUR IGNORANCE AND SELFISHNESS. We are asking and begging you since we stopped comment spamming may we please create quality content to share with the steemit community and not be flagged for quality blogs. I already started but have not had a 7 day window pass. I am truly sorry for what we did. We will no longer participate in such despicable actions and if we run across anyone who is we will be sure to be a positive part of the community and we will report such actions. My entire family has more than one account, me, my wife, my 3 son's, 2 daughters. I promise that we will make sure that they to follow all the community rules. I also will not make public the bot code that I created, nor will I use bots. All of my material and my family's material will be of good quality. Can you please forgive me and my family. We are truly sorry. If you can accept our apology and ask @prowler to give us another chance I would greatly appreciate it and so does my family (There actually here with me as I type in the office.) I hope you can have mercy on us and find it in your heart to give us another chance to be part of this amazing community and rewrite of how social media is utilized. I am a man of my word and I promise I will not make public the bot code I created nor will I ever do comment spamming again. I can not even express how stupid and foolish I feel. I hope you can forgive us, my family and I are not like the other people who use bots where when they get caught they just go make more. We are TRULY sorry and no longer wish to be part of the destruction of steemit. We want to be part of it's positive growth. Can you please ask @prowler to stop flagging us and give us 1 more chance, we all would really appreciate it. I will keep an eye out for anyone who is using bots, and gladly report them to @spaminator. This website is the first time me and my entire family EVER blogged, so our blogs will get better with time. We are trying, it is definitely something that takes practice. I pray you can find it in your heart to give us another chance. I'm being sincere. Hope you have had a great day.
P.S. I'm powering down this account because it was hacked and all my STEEM was stolen Other wise I'd like to be here for the long run and learn how to be a great blogger with my family as well.)
Thanks for your time if you read this.
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It doesn't look as if anyone has changed your account password so you should be able to secure your account by just changing it.
I've removed your group for now.
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