Bitcoin PLUMMETS as police raid major cryptocurrency exchanges - GoFuckYourself.com

Bladewire · 01-11-2018, 10:50 AM

The South Korean government is serious about stopping out Bitcoin

Bitcoin PLUMMETS as police raid major cryptocurrency exchanges

BITCOIN has plummeted 14 per cent in value after South Korean police raided major cryptocurrency exchanges

The crackdown on Seoul-based operators of some of the world?s busiest virtual currency exchanges comes as the government attempts to calm frenzied demand for cryptocurrency trading in Asia?s fourth-largest economy.

Justice Minister Park Sang-ki said in a press conference: "There are great concerns regarding virtual currencies and the justice ministry is basically preparing a bill to ban cryptocurrency trading through exchanges.?

The Government said in December it would apply more scrutiny to the exchanges, including attempts to stop anonymous trading.

Bithumb, the second largest virtual currency operator in South Korea, was also raided by the tax authorities on Wednesday.

An official at Bithumb said, requesting anonymity, said: ?We were asked by the tax officials to disclose paperwork and things yesterday.?

Bladewire · 01-11-2018, 10:58 AM

Authorities raid South Korea's largest cryptocurrency exchanges | CNBC

Police and tax agencies raided South Korea's largest cryptocurrency exchanges this week for alleged tax evasion

South Korean financial authorities had previously said they are inspecting six local banks that offer virtual currency accounts

The crackdown comes as the South Korean government attempts to calm frenzied demand for cryptocurrency trading

South Korea's largest cryptocurrency exchanges were raided by police and tax agencies this week for alleged tax evasion, people familiar with the investigation said on Thursday.

"A few officials from the National Tax Service raided our office this week," an official at Coinone, a major cryptocurrency exchange in South Korea, told Reuters.

"Local police also have been investigating our company since last year, they think what we do is gambling," said the official, who spoke on condition of anonymity. He said Coinone was cooperating with the investigation.

Bithumb, the second largest virtual currency operator in South Korea, was also raided by the tax authorities on Wednesday.

"We were asked by the tax officials to disclose paperwork and things yesterday," an official at Bithumb said, requesting anonymity due to the sensitivity of the issue.

South Korean financial authorities had previously said they are inspecting six local banks that offer virtual currency accounts to institutions, amid concerns the increasing use of such assets could lead to a surge in crime.

The crackdown on Seoul-based operators of some of the world's busiest virtual currency exchanges comes as the government attempts to calm frenzied demand for cryptocurrency trading in Asia's fourth largest economy.

Bitcoin's 1,500 percent surge last year has stoked huge demand for cryptocurency in South Korea, drawing college students to housewives and sparking concerns about a gambling addiction.

Bladewire · 01-11-2018, 11:17 AM

All the cryptocurrency freaks on here are pretty silent on this huge development that says a lot

JFK · 01-11-2018, 11:20 AM

Quote:

Originally Posted by Bladewire

All the cryptocurrency freaks on here I pretty silent on this huge development that says a lot

they are too busy trying to save their unrealized profits !

Bladewire · 01-11-2018, 11:48 AM

GAMEFINEST · 01-11-2018, 12:22 PM

Not sure when that shit will get regulated.

Markul · 01-11-2018, 12:40 PM

The math is poor in this one. Lolz

Bladewire · 01-11-2018, 02:06 PM

Quote:

Originally Posted by JFK

they are too busy trying to save their unrealized profits !

Mickey_ · 01-11-2018, 03:01 PM

Do some research and you?ll realize this is mostly just the media spreading fear, uncertainty and doubt (and of course driving clicks to their sites). Nothing more.

2MuchMark · 01-11-2018, 03:07 PM

Didn't plummet.

spads · 01-11-2018, 03:11 PM

It's a bit of a stretch to say it plummeted.

The Porn Nerd · 01-11-2018, 03:30 PM

Maybe we have different definitions for the word "plummet".

('Plummet' means anal sex in Belgium.)

Bladewire · 01-11-2018, 05:59 PM

Crazy day for Bitcoin folks wow

onwebcam · 01-11-2018, 06:20 PM

I cashed out in ether at $1300 I'll likely sit it out for awhile. It's pretty obvious there's more going on than just these raids.. As in someone's raiding the market as a whole.

tammix · 01-11-2018, 06:38 PM

nobody can stop Bitcoin, its too late

Bladewire · 01-11-2018, 07:17 PM

Quote:

Originally Posted by tammix

nobody can stop Bitcoin, its too late

You think it's a bubble?

shake · 01-11-2018, 07:32 PM

Was hoping for a drop to buy more BTC, didn't happen.

Look Chang · 01-11-2018, 07:36 PM

Quote:

Originally Posted by Bladewire

You think it's a bubble?

It's just an uncontrolled crowd movement that will have harmful consequences...

onwebcam · 01-11-2018, 08:55 PM

Quote:

Originally Posted by Look Chang

It's just an uncontrolled crowd movement that will have harmful consequences...

What's going on on the exchanges seems very coordinated and controlled to me. Shit that should be up is down, shit that should be down is up.. People are running for green and then getting hammered with massive dumps. It intentional.. It's meant to hurt the market..

During the dump of bitcoin if you looked down the list of coins in ether the only things in the green were like 3 or 4 coins that I've never even heard of and they were up 50-100%.. So newbies trying to pick themselves up would jump on that bandwagon only to get dumped on an hour later. Getting double whammied.

Bladewire · 01-16-2018, 09:26 AM

Quote:

Originally Posted by Look Chang

It's just an uncontrolled crowd movement that will have harmful consequences...

I agree

Bladewire · 01-16-2018, 11:15 AM

Quote:

Originally Posted by shake

Was hoping for a drop to buy more BTC, didn't happen.

It has happened since the news broke on the weekend for most of the planet.

GAMEFINEST · 01-16-2018, 11:22 AM

I am stunned it went as long as it did, there is no accountability

pimpmaster9000 · 01-16-2018, 11:52 AM

if only there had been a clue that dodgecoins 2 billion market cap was a bubble

PornDiscounts-V · 01-16-2018, 02:01 PM

For the life of me, I cannot figure out if the South are the bad guys or is it the North?

2MuchMark · 01-17-2018, 09:04 AM

I should have added "Yet" to my last post...

Wpw did BTC take a beating. Litecoin and Ethereum did the same. It kinda sorta looks like its starting to level out, but who knows it might keep crashing.

Tasty1 · 01-17-2018, 11:43 PM

Occupy Coin!

Markul · 01-18-2018, 12:19 AM

Quote:

Originally Posted by 2MuchMark

I should have added "Yet" to my last post...

Wpw did BTC take a beating. Litecoin and Ethereum did the same. It kinda sorta looks like its starting to level out, but who knows it might keep crashing.

Zoom out.. notice a trendline? Zoom more out, notice a cycle?

If not. Sell everything and never ever mange your own investments again

If yes, there is your answer.

01-11-2018, 10:50 AM	#1
Bladewire StraightBro Industry Role: Join Date: Aug 2003 Location: Monarch Beach, CA USA Posts: 56,232	Bitcoin PLUMMETS as police raid major cryptocurrency exchanges The South Korean government is serious about stopping out Bitcoin Bitcoin PLUMMETS as police raid major cryptocurrency exchanges BITCOIN has plummeted 14 per cent in value after South Korean police raided major cryptocurrency exchanges The crackdown on Seoul-based operators of some of the world?s busiest virtual currency exchanges comes as the government attempts to calm frenzied demand for cryptocurrency trading in Asia?s fourth-largest economy. Justice Minister Park Sang-ki said in a press conference: "There are great concerns regarding virtual currencies and the justice ministry is basically preparing a bill to ban cryptocurrency trading through exchanges.? The Government said in December it would apply more scrutiny to the exchanges, including attempts to stop anonymous trading. Bithumb, the second largest virtual currency operator in South Korea, was also raided by the tax authorities on Wednesday. An official at Bithumb said, requesting anonymity, said: ?We were asked by the tax officials to disclose paperwork and things yesterday.?

01-11-2018, 11:48 AM	#5
Bladewire StraightBro Industry Role: Join Date: Aug 2003 Location: Monarch Beach, CA USA Posts: 56,232	__________________ Skype: CallTomNow

01-11-2018, 12:22 PM	#6
GAMEFINEST Make STACK$ Industry Role: Join Date: Nov 2006 Location: sexy time Posts: 14,418	Not sure when that shit will get regulated. __________________ Compound interest.

01-11-2018, 03:07 PM	#10
2MuchMark Videochat Solutions Industry Role: Join Date: Aug 2004 Location: Canada Posts: 48,531	Didn't plummet. __________________ VideoChat Solutions \| Custom Software \| IT Support https://www.2much.net \| https://www.lcntech.com

01-11-2018, 03:30 PM	#12
The Porn Nerd Living The Dream Industry Role: Join Date: Jun 2009 Location: Inside a Monitor Posts: 19,491	Maybe we have different definitions for the word "plummet". ('Plummet' means anal sex in Belgium.) __________________ My Affiliate Programs: Porn Nerd Cash \| Porn Showcase \| Aggressive Gold Over 90 paysites to promote! Skype: peabodymedia

01-11-2018, 10:58 AM	#2
Bladewire StraightBro Industry Role: Join Date: Aug 2003 Location: Monarch Beach, CA USA Posts: 56,232	Authorities raid South Korea's largest cryptocurrency exchanges \| CNBC Police and tax agencies raided South Korea's largest cryptocurrency exchanges this week for alleged tax evasion South Korean financial authorities had previously said they are inspecting six local banks that offer virtual currency accounts The crackdown comes as the South Korean government attempts to calm frenzied demand for cryptocurrency trading South Korea's largest cryptocurrency exchanges were raided by police and tax agencies this week for alleged tax evasion, people familiar with the investigation said on Thursday. "A few officials from the National Tax Service raided our office this week," an official at Coinone, a major cryptocurrency exchange in South Korea, told Reuters. "Local police also have been investigating our company since last year, they think what we do is gambling," said the official, who spoke on condition of anonymity. He said Coinone was cooperating with the investigation. Bithumb, the second largest virtual currency operator in South Korea, was also raided by the tax authorities on Wednesday. "We were asked by the tax officials to disclose paperwork and things yesterday," an official at Bithumb said, requesting anonymity due to the sensitivity of the issue. South Korean financial authorities had previously said they are inspecting six local banks that offer virtual currency accounts to institutions, amid concerns the increasing use of such assets could lead to a surge in crime. The crackdown on Seoul-based operators of some of the world's busiest virtual currency exchanges comes as the government attempts to calm frenzied demand for cryptocurrency trading in Asia's fourth largest economy. Bitcoin's 1,500 percent surge last year has stoked huge demand for cryptocurency in South Korea, drawing college students to housewives and sparking concerns about a gambling addiction.

01-11-2018, 11:17 AM	#3
Bladewire StraightBro Industry Role: Join Date: Aug 2003 Location: Monarch Beach, CA USA Posts: 56,232	All the cryptocurrency freaks on here are pretty silent on this huge development that says a lot

01-11-2018, 12:40 PM	#7
Markul Likes Pie Industry Role: Join Date: Dec 2007 Location: The land that liberated porn Posts: 12,402	The math is poor in this one. Lolz

01-11-2018, 03:01 PM	#9
Mickey_ Industry Role: Join Date: Nov 2005 Location: Worldwide Posts: 4,238	Do some research and you?ll realize this is mostly just the media spreading fear, uncertainty and doubt (and of course driving clicks to their sites). Nothing more.

01-11-2018, 03:11 PM	#11
spads Confirmed User Industry Role: Join Date: Mar 2013 Posts: 344	It's a bit of a stretch to say it plummeted.

01-11-2018, 05:59 PM	#13
Bladewire StraightBro Industry Role: Join Date: Aug 2003 Location: Monarch Beach, CA USA Posts: 56,232	Crazy day for Bitcoin folks wow __________________ Skype: CallTomNow

01-11-2018, 06:20 PM	#14
onwebcam Fake Nick 1.0 Industry Role: Join Date: Oct 2005 Location: Rent free, your head Posts: 27,652	I cashed out in ether at $1300 I'll likely sit it out for awhile. It's pretty obvious there's more going on than just these raids.. As in someone's raiding the market as a whole. __________________ PLEASE WAIT WHILE BIDEN ADMIN UNINSTALLS ITSELF..... ██████████████████▒ 99.5% complete.

01-11-2018, 06:38 PM	#15
tammix Confirmed User Join Date: Apr 2006 Location: El-Kaliman Oasis, West Sahara Posts: 2,164	nobody can stop Bitcoin, its too late

01-11-2018, 07:32 PM	#17
shake frc Industry Role: Join Date: Jul 2003 Location: Bitcoin wallet Posts: 4,664	Was hoping for a drop to buy more BTC, didn't happen. __________________ Crazy fast VPS for $10 a month. Try with $20 free credit

01-16-2018, 11:22 AM	#22
GAMEFINEST Make STACK$ Industry Role: Join Date: Nov 2006 Location: sexy time Posts: 14,418	I am stunned it went as long as it did, there is no accountability __________________ Compound interest.

01-16-2018, 11:52 AM	#23
pimpmaster9000 Too lazy to set a custom title Industry Role: Join Date: Dec 2011 Posts: 26,732	if only there had been a clue that dodgecoins 2 billion market cap was a bubble __________________ Report a suspicious cracker: Click Here

01-16-2018, 02:01 PM	#24
PornDiscounts-V Confirmed User Industry Role: Join Date: Oct 2003 Location: L.A. Posts: 5,740	For the life of me, I cannot figure out if the South are the bad guys or is it the North? __________________ Blog Posts - Contextual Links - Hardlinks on 600+ Blog Network * Handwritten * 180 C Class IPs * Permanent! * Many Niches! * Bulk Discounts! GFYPosts /at/ J2Media.net

01-17-2018, 09:04 AM	#25
2MuchMark Videochat Solutions Industry Role: Join Date: Aug 2004 Location: Canada Posts: 48,531	I should have added "Yet" to my last post... Wpw did BTC take a beating. Litecoin and Ethereum did the same. It kinda sorta looks like its starting to level out, but who knows it might keep crashing. __________________ VideoChat Solutions \| Custom Software \| IT Support https://www.2much.net \| https://www.lcntech.com

01-17-2018, 11:43 PM	#26
Tasty1 Judge Jury and Executioner Industry Role: Join Date: Jan 2005 Location: South-America Posts: 9,245	Occupy Coin! __________________ everything is fake