No Bitcoin ban in South Korea
Bitcoin is a fickle thing. We know that it is extremely volatile, and unpredictable. Juts like with a short temper, anything could set it off. This was put to the test recently when unsubstantiated claims were made about the currency. It was incorrectly reported that South Korea would ban Bitcoin and crypto exchanges. The result of these false statements? The trading price of the currency went onto decline. This price drop was part of Bitcoin’s latest price correction, which saw the currency drop from $20k on some exchange to as low as $8k. However, at the time of writing, it was trading at just under $13k. Reuters was responsible for the misinformation, releasing an article on the 27th of December mentioning the ban. They retracted their words just a couple of hours later. However, the FUD damage was done already, with the currency’s price slipping even further because of the announcement. So, what’s the right story? South Korea will not...