But in a tweet yesterday, it said: 'We excluded some Korean exchanges in price calculations due to the extreme divergence in prices from the rest of the world and limited arbitrage opportunity.
However, new investors must be careful to understand cryptocurrencies before entering the market. As news about the real reason for the price correction spread, the cryptocurrency market started to slowly recover lost ground and the crypto market cap presently stands at $760 billion.
THE value of global cryptocurrencies plummeted after an influential index removed prices from the South Korean exchanges without warning.
Ripple lost its title as the second biggest cryptocurrency when CoinMarketCap chose to exclude Korean exchanges from its averages, which resulted in Ripple?s price being shown at a lower price.
"We need regulators to look into the space more closely, the Korean exchanges have become insane in terms of price differences so these regulatory actions would help the price stability", Naeem Aslam, chief market analyst at TF Global Markets, told Bloomberg. For one, reports have emerged that the Chinese government, home to the world's largest Bitcoin mining operation, would push for an "orderly exit" from the cryptocurrency mining business, Quartzreported.
The total market capitalisation of some 1,300 cryptocurrencies tracked by the website then plunged 20 per cent from around $830bn to $669bn, it has been reported. In 2017, XRPsoared 35,000 per cent, surpassing bitcoin's surge of around 1,500 per cent. In December, the virtual currency made its major exchange debut as the Chicago Board Options Exchange (CBOE) launched the first-ever Bitcoin futures trading.
The uncertainty, however, remains over the future of Bitcoin as a payment tool and many investors continue to treat Bitcoin more as an investment than an actual currency.
That month the agency also announced the suspension of an UNRWA employee suspected of having been elected a Hamas leader. The U.S. later denied the report , saying the funding was still "under review".
Saints defensive end Cameron Jordan said he could not tell whether Newton was displaying any symptoms of a concussion. Panthers Coach Ron Rivera and Newton said after the game that the issue was that the player had been hit in the eye.
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That ended up being Gruden's a year ago coaching, before serving almost a decade as ESPN's " Monday Night Football " analyst. Oakland Raiders new head coach John Gruden answers questions during an NFL football news conference in Alameda, Calif.
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The striking art features Lawrence's lead character, awash in red , with the title standing out in stark white text. In an interview with Inquirer.Net past year , the director spoke about working with Lawrence for the fourth time.
Timberlake makes his return to Super Bowls stage after his controversial performance with Janet Jackson in 2004. Super Bowl LII will start off with a bang with global music star Pink set to perform the national anthem.
GoPro exits drone market and cuts jobs after poor 2017 earnings
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Small Fire Breaks Out on Trump Tower Roof
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Oprah Slays Golden Globes
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Kane brace fires Tottenham past AFC Wimbledon
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