CoinMarketCap excluded indicators of S. Korean exchanges

This led to the panic sell and huge price drop of top 10 cryptocurrencies
09 January 2018   120

On Monday, January 8, the popular analytical resource CoinMarketCap excludes from the calculations of average bitcoin rates and other cryptocurrency data of South Korean exchanges without any prior notification. This is reported by the media and users in social networks.

This situation led to the huge price drop of the majoity of cryptocurrencies. 

Top Ten cryptocurrencies
Top Ten Cryptocurrencies

Coinmarketcap team reported about this issue only after all happened. 

Nevertheless, if you look at other analytical resources, for example, Cryptocompare or Livecoinwatch, the average rate of bitcoin and many other cryptocurrencies is slightly lower than on CoinMarketCap.

Also, it should be noted that in the "Markets" section, the data of South Korean exchanges are still present.

As is known, on the South Korean platforms, crypto-currencies are traditionally traded at prices, often 10-15% higher than those at other global exchange sites. At the same time, arbitration when working with them is difficult due to the need to indicate when registering the telephone number of the South Korean telecom operator and other information that can be obtained only from South Korea.

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   121

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