Bitcoin Lost $2000 in 2 Hours

Huge price drop can be caused by the actions of the regulators of China and South Korea or aliens 
16 January 2018   1527

The bitcoin rate continues to drop. Over the past 24 hours, its price has fallen by 14%, and the most rapid drop was in the last hours. So, in just 2 hours the bitcoin rate dropped from $ 13,277 to $ 11,442, after which it rebounded slightly and returned to $ 12,000. The last time at these levels, the currency was traded in early December, but then its rate moved up against the approaching launch of futures on sites CME Group and CBOE.

Bitcoin Price Chart
Bitcoin Price Chart

Probably, the enthusiasm of traders was cooled by the actions of the regulators of China and South Korea, which recently focused their efforts on combating speculative trade and fraud.

It is worth noting that most of the coins lost a lot today.

Top Ten Coin Price Chart
Top Ten Coin Price Chart

One of the users of the Reddit forum suggested that the current collapse of the cryptocurrency is due to the fact that Chinese crypto investors are withdrawing assets to the Fiat in anticipation of the New Year celebration for the lunar calendar.

He draws attention to the fact that over the last four years, three weeks before the Chinese New Year, the crypto-currency market has experienced similar crash courses. In 2018, the Chinese New Year is celebrated on February 16.

There is also an alternative version, aliens included.

Cryptocurreny overall marketcap dropped to $ 0.6B.

SEC Suspends Trading in 3 Companies

On Friday The U.S. Securities and Exchange Commission temporarily suspended the trading of three companies as they made the purchase of cryptocurrency and blockchain-related assets
17 February 2018   126

According to the announcement, the trade of  Cherubim Investments, Inc., PDX Partners, Inc., and Victura Construction Group, Inc. will be suspended between 9:30 a.m. EST Friday and March 2. The notice was dated Feb. 15.

SEC stated that its trading suspension orders state that recent press releases issued by CHIT, PDXP, and VICT claimed that the companies acquired AAA-rated assets from a subsidiary of a private equity investor in cryptocurrency and blockchain technology, among other things.

The release also indicates additional reasons for the suspensions. The agency’s orders also say there are questions regarding the nature of the company's business operations. In case of CHIT, the Commission suspended trading in the securities because of its delinquency in filing annual and quarterly reports.

In August 2017, the SEC  issued a warning for investors about the companies that may publicly announce ICO or coin-related events to affect the price of the company’s common stock.

Fraudsters often try to use the lure of new and emerging technologies to convince potential victims to invest their money in scams. 

U.S. Securities and Exchange Commission