After a crackdown on cryptocurrencies in China, market investors turned to South Korea and Japan, now two vital sources of global demand for Bitcoin and other virtual currencies.
It's been a fierce battle for silver in the cryptocurrency world in recent days.
"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", Coinmarketcap wrote on Twitter.
Since the trading prices of most cryptocurrencies are much higher on the South Korean exchanges like Bithumb, Coinone and Korbit, reportedly up to 30 percent higher as a result of high local demand compared to other countries, CoinMarketCap's revised prices showed a sharp, sudden drop.
That caused confusion among investors and partly contributed to a major sell-off, also fuelled by news that South Korean and Chinese regulators planned to increase monitoring of trading and mining. That pushed Ripple's market capitalization down to $98.5 billion, and lifted Ethereum'svalue to $111.9 billion, according to data firm CoinMarketCap.
"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.
Observers increasingly are questioning the value of various cryptocurrencies, and the 20% plunge in Ripple on January 8 shows that significant risk exists.
Whether Bitcoin can find its legs through the remainder of the day remains to be seen, but one thing looks certain and that is Ethereum staying on the front foot, as it continues to fight off the competition and defy gravity.
The year 2017 may forever be known on Wall Street as the year of bitcoin. Analysts suggested the move would further contribute to wider market acceptance of the virtual currency.
He had been political director for CBS News since 2011, and an on-air political analyst for CBS News since 2009. In 2015, he was named host of " Face the Nation ", succeeding its legendary host and anchor, Bob Schieffer.
I'm not sure if the United States is ready for a successful, popular TV personality and business owner to hold such high office. DeMille lifetime achievement award at the Golden Globes on Sunday sparked speculation about a future presidential run.
Later during the auction, DiCaprio bid $80,000 on a painting by artist Josh Smith but was outbid by Clarke for $90,000. Of course, the event was all for charity, with proceeds going towards the J/P HRO & Disaster Relief Organizations.
Dylan wrote on Twitter , "Can one be a "vocal campaigner against sexual harassment" and a vocal supporter of Woody Allen? ". More recently Dylan chastised Blake Lively for hypocrisy after the actress tweeted her support of the Time's Up movement.
The decision is likely to please immigration hard-liners who argue the TPS program was never meant to provide long-term residency. DHS has made an effort to emphasize that TPS depends on the original reason for the designation, not current conditions.
Prices at the pump in the state of Georgia sit at around $2.36 a gallon, more than 10 cents higher than this time a year ago . He does see a short-lived drop in prices in late January, but expects prices to rise again after Valentine's Day.
Abel, who leads Berkshire Hathaway's utility unit, will now oversee all of the conglomerate's non-insurance business operations. But on the stock market today , Berkshire's "B" shares traded 0.1% lower on the news, near 203.
The reptiles will then drop down to the bottom of a body of water, where they can hold their breath for up to 24 hours. You don't have to wonder any longer thanks to the people at the Shallotte River Swamp Park in Brunswick County.
The Mate 10 Pro could have been the first flagship device from the company to be available through network operators in the US. USA customers need a better choice, and as a leader in technology and innovation, Huawei is prepared to fill this need".
Acer will provide a remote and game controller to take full advantage of all the games and features that Nvidia Shield provides. The Shield functionality which was previously only available as a separate box optimizes the display for broader application.
Dimitrov held his serve to go to 5-4 and then broke Edmund to seal the win 6-3, 6-7 (3/7), 6-4. Dimitrov has received plenty of praise from tennis fans for his reaction to Edmund's injury.
President Trump plans to attend Davos gathering
Trump waves as he walks across the South Lawn of the White House to depart by Marine One, in Washington, DC, USA, 16 June 2017. Sanders said that Trump would defend his agenda while participating in the forum of global elites.
I'll Sign Any Immigration Bill Congress Sends Me
President Donald Trump is meeting Tuesday with key lawmakers on immigration policies, but no breakthrough appeared imminent on how to protect hundreds of thousands of young immigrants from being deported.
GeForce Experience Gets New Freestyle, Ansel Features
It also adds support for NVIDIA Freestyle which lets you apply post-processing filters to your games while you play. Ansel has refreshed Photo Mode controls, eight new filters and the ability to combine multiple filters.
Packers hiring Brian Gutekunst as general manager
The Green Bay Packers will continue interviews with top internal candidates to replace general manager Ted Thompson on Friday. He spent a year as a scouting assistant with the Kansas City Chiefs, then returned to the Packers as a college scout.
Tanker and ship collision near Shanghai leaves 32 missing
Thirty-two people are missing after an oil tanker and a cargo ship collided off China's east coast on Saturday evening. State media reports that China dispatched several vessels to search for and rescue crew members as the vessel burned.