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Optimism for Investors as South Korean Officials State They'll "Support Normal Transactions"

24 February 2018

More than 80 percent of cryptocurrencies from Coinmarketcap's top 100 list gained on Tuesday. Top-tier cryptocurrency prices are now down 20-30% from peak, as production complexity has increased. However, it is has been declining.

Finally bulls lost their momentum after a two-week rally - which doubled the Bitcoin (BTC) price from the lows seen on Feb 6.

The lack of regulation in the cryptocurrency market is another concern.

South Korea had a moved 2017 regarding cryptocurrency regulations.

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Know that there are better alternatives to Bitcoin. Though based on blockchain technology, Ethereum's smart contract technology is more sophisticated and open source. There are also debit cards such as Xapo, Shift Card and Wirex that let you load your digital currencies into a physical card so that you can use it in stores.

"People are becoming increasingly aware of cryptocurrencies such as bitcoin, but they may not be aware that they are now unregulated in the United Kingdom, and that there is no protection for individual investors", Nicky Morgan, chair of the Treasury Committee, said. Its core technology is called "consensus ledger", which is a public database used in the execution of transactions on a real-time basis. The cryptocurrencies - most of them, and there's hundreds of them, were surging in value going up ten, fifty, a hundred times in value some of them.

Perhaps sensing competition, banks, the places that usually keep traditional assets, have turned on cryptocurrencies of late.

According to some experts, his remark is just another reiteration of the South Korean government's basic stance on cryptocurrencies.

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Stellar allows the transactions in fiat money-or money which is not backed up by any physical commodities.

Some students are starting to use cryptocurrency - a digital or virtual currency that uses cryptography for security - to pay for college.

After analyzing data from previous corrections, Fundstrat Global Advisors co-founder Tom Lee predicted last week that Bitcoin could peak again in July this year.

One of the world's biggest Bitcoin markets may be easing up on a threatened cryptocurrency crackdown, as Bitcoin continued a recent strong rebound. Your investment may gain value, but it's also possible to lose some or all of what you invest, especially with something as volatile as cryptocurrency.

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The reality is that some people will feel that trading in cryptocurrencies is investing and others will feel that it's closer to gambling than anything else.

Optimism for Investors as South Korean Officials State They'll