It seems that all you hear about in the news these days is hype about the Bitcoin surge. I have read about its volatility and the interest that individuals have to flip cryptocurrencies for a profit. However, I have not read much about the regulation of cryptocurrencies until I found an article by Lucinda Shen in Forbes dealing with South Korea’s decision to regulate the trading of cryptocurrencies.
I think that South Korea’s decision to regulate the trading of this latest mania is indicative of the extremely high underlying risks of looking at these as some sort of investment that can be flipped for a profit. The volatility in these markets is far too extreme to draw my interest. However, it would be interesting to see how it plays out in the long-run.
Ripple was a rare exception to the cryptocurrency bloodbath Thursday.
While the price of digital assets such as Bitcoin, Ethereum, and Litecoin all slumped Thursday on news that South Korea would begin requiring real-name cryptocurrency transactions and would consider banning some exchanges, Ripple continued to all-time highs.
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