Updated January 17, Cryptocurrencies have been heavily sold off, amid fresh fears of a major regulatory crackdown in South Korea. It follows a sell-off last week when the idea of a law to ban trading was bitcoin stock market news raised by the Bitcoin stock market news.
Number two by market capitalisation, Ethereum, dropped by more than 25 per cent while Ripple, the number three, dropped by more than 40 per cent. In total, there are now more than 1, cryptocurrencies being traded in bitcoin stock market news increasingly crowded space. It is one of the biggest markets for trading cryptocurrencies, with college students and housewives all getting in on the action, stoking fears that it has bitcoin stock market news a type of gambling addiction.
IG's head of research Chris Weston said the surge in bitcoin and other cryptocurrencies was mostly driven by FOMO fear of missing out. However, Mr Weston said the rush to get in is being mirror by a panic to get out as the price of the cryptocurrencies tanks. In the space of just 10 minutes, five investors put several thousand dollars into a bitcoin ATM in central Sydney to buy more of the cryptocurrency at what bitcoin stock market news see as discount prices.
We've seen the hysteria stage. We've seen the hype stage, and now its come onto the regulators' radars as part of this bigger picture. The crash in prices comes soon after the man widely believed to be the world's savviest investor, Warren Buffet, said "I can say almost with bitcoin stock market news that cryptocurrencies will come to a bad end". Huge price swings like these also make many question the usefulness of the cryptocurrencies as a medium of exchange.
It is hard to agree on a price if it is shifting so remarkably fast. Legislation has passed Parliament that will force cryptocurrency exchanges to bitcoin stock market news details of investors and transactions.
Australia's financial crime fighting agency AUSTRAC will be tasked with keeping an eye on trading to try to stop cryptocurrencies from being used for money laundering and financing terrorism.
First posted January 17, If you have inside knowledge of a topic in the news, contact the ABC. ABC teams share the story behind bitcoin stock market news story and insights into the making of bitcoin stock market news, TV and radio content.
Read about our editorial guiding principles and the enforceable standard our journalists follow. Would you have coffee in a cemetery or take your kids to play near a family member's final resting place? Talk about fortuitous timing. There's an election looming and a budget situation — long portrayed as bitcoin stock market news disaster — suddenly on the mend.
But what to do with this sudden bounty? The imposition of refereeing technology has created a myth of decision-making infallibility, shown up by the video assistant referee's A-League grand final glitch, writes Richard Hinds. Animal hospitals and carers are seeing more emaciated koalas, possums with dog bites and wallabies hit by cars than ever before.
By business reporter Carrington Clarke. Bitcoin prices plunged more than 20 per cent in the biggest sell-off for more than three years. Banks 'unwilling to work' with Bitcoin traders amid regulation concerns. Buffett plans for the future … and it doesn't involve bitcoin. South Korea flags ban on cryptocurrency trading, rattles market. Bitcoin prices plunged more than 20pc at some points in bitcoin stock market news past day Other major cryptocurrencies had falls of more than 40 per cent Falls are due to concerns that South Korea will ban cryptocurrency trading.
Bitcoin v US dollar exchange rate. We asked if the Bitcoin price drop had affected you. Read the discussion in the comments. What bitcoin says about us Bitcoin is a formula almost guaranteed to end in tears, but still speculators pile in to the bubble, writes Ian Verrender.
Why we buy cryptocurrency despite the risks Will those who've made cryptocurrency profits pay their tax? Meet the investors sticking with bitcoin despite the market crash Iceland will soon use more energy mining bitcoins than powering its bitcoin stock market news What bitcoin crash? Aussies eye initial coin offerings This is what happens to your bitcoin when you die Bitcoin buying among students so prevalent one school held a meeting Will Bitcoin go the way of MySpace and floppy disks?
What the bitcoin bubble tells us about ourselves TGIF! But don't spend your bitcoin on beer Bitcoin explained: The digital currency making millionaires. Technology Government announces review into liquid fuel security If it's grown in a lab, is it 'meat'? The towns where you have to bitcoin stock market news in the middle of the night just to use the internet.
China retaliates after US slams territory warning to international airlines Mystery over fate of sky-diving princess 'missing after trying to flee Dubai' Vladimir Putin sworn in for another six years as Russian President Mystery of hidden room in King Tutankhamun's tomb put to rest Hawaii volcano destroys 26 homes, blasts lava more than 60 metres into the air Opinion: Minister promises body modification crackdown.
Connect with ABC News. Got a news tip? Editorial Policies Read about our editorial guiding principles and the enforceable standard our journalists follow.
Cemeteries' new role By Connie Agius Would you have coffee in a cemetery or take your kids to play near a family member's final resting place? Debt and deficit, or defeat Talk about fortuitous bitcoin stock market news.
Don't blame VAR The imposition of refereeing technology has created a myth of decision-making infallibility, shown up by the video assistant referee's A-League grand final glitch, writes Richard Hinds.
Wildlife deaths on the rise Animal hospitals and carers are seeing more emaciated koalas, possums with dog bites and wallabies hit by cars than ever before. China retaliates after US slams territory warning to international airlines.
Most Popular 'I am that girl': The young woman whose rape case put consent on trial Compensation awarded to ex-cop who was 'crucified' by police for hunting a paedophile priest Nine charged over stabbing death of woman in Toowoomba Turnbull's choice: Debt and deficit, or defeat 'A storm's a coming': Stormy Daniels appears on Saturday Night Live sketch of call to Donald Trump Marathon trial 'gone off the rails' ends with jury dismissed after seven months 8 charts that illustrate our growing tax problem 'Orwellian nonsense': China retaliates after US slams territory warning to international airlines Government announces review into liquid fuel security Trump's lawyer Giuliani does not rule out payments were made to other women.
Here's what it means for you Forget the checkout: Victory the party crashers as Muscat leaves Jets overcome with frustration The anguish of a rising Labor star hits home with many outside of politics.
Media Video Audio Photos. Connect Upload Contact Us. Change to mobile view.
You can't have confidence in the ecosystem if you can't even trust the infrastructure that holds your coins. I am planning to turn this place a home for all bots whether they are BTC, alt or even FOREX. In terms of strategy you can take advantage of Bitcoinвs current properties - high volatility, low liquidity.
19 comments Anyone actually have a winning bot.