Bitcoin Failed
Bitcoin Failed
Bitcoin failed to survive in the position of US $ 9,000 (Rp 120 million) per chip. The tightening of Japanese regulatory supervision related to cryptocurrency gave negative sentiment.
Based on data CoinDesk, Bitcoin recorded at the lowest position of US $ 8,495 while trading Thursday morning had approached US $ 8,600 per chip.
Bitcoin is trying to get back to the level of US $ 9,000 after a sharp decline from the position of US $ 11,660 earlier this month to a low of US $ 7,335.
Previously the Japan Financial Services Agency has plans to issue a warning against Binance, Hong Kong-based digital currency exchange marketplace but operating in Japan without registration.
The Japanese regulator threatens if the warning is not addressed then the regulator will file a criminal suit.
"We have had dialogue with FSA Japan and have not received orders yet, "said Binance CEO Changpeng Zhao through his twitter account Binance is one of the largest cryptocurrency exchanges in the world.
Last Monday, Japan's Financial Services Agency held a "Blockchain Round-Table" on March 8 and 9 with regulators from countries such as Singapore and Canada. The agenda for closed meetings includes discussions on issues of public blockchain vulnerability and coordination between regulators and academics.
Actually, I don't believe that the news are behind this current drop. There has been mostly positive news lately, and apart from the binance fud, which actually isn't serious when you look into it, there isn't anything that, in my opinion, could affect the price negatively right now.
A great and an interesting article :)!
For future viewers: price of bitcoin at the moment of posting is 8550.00USD
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