Bitcoin Drops to 3-week Low, Other Cryptocurrencies Plunge After Prosecutors Raid Largest Korean Exchange

Written by :

Guest

Published on :

12 May, 2018

Bitcoin fell 5.5 percent to $8,511, its lowest since April 20, according to CoinDesk's bitcoin price index.

Other major cryptocurrencies fell double-digits over the last 24 hours, according to CoinMarketCap. The fall appears to have coincided with the raid of South Korea's largest cryptocurrency exchange UpBit.

"UpBit is currently under investigation by prosecution, and we are [cooperating] diligently," the South Korean cryptocurrency exchange said on its website.

Watch Below

Cryptocurrencies plunge after prosecutors raid largest Korean exchange from CNBC.

Betwild Launches in Bulgaria with a Focus on Sports, Casino and Trust

Betwild is among the new names entering the sights of online betting fans in Bulgaria. The platform's launch is significant news for the sector, as the market continues to evolve and users become increasingly demanding of operators.

Oklahoma the Latest to Close in on Sweepstakes Casino Ban

SB 1589 would classify dual-currency sweepstakes casinos as a Class C22 felony with up to 30 days in jail and fines up to $2,000

Primm Valley Casino Resorts on California Nevada Border Closing: All Employees Set to Be Terminated July 4

Tourism in the Primm Valley of California has declined significantly as its once thriving outlet mall sits mostly vacant.

Roobet Crypto Casino Launches Prediction Market as Warning Issued for 'Fake Reviews'....We Have Your Real Ones

The prediction market is too new for reviews just yet so it will be interesting to see the response from customers. Roobet is known for lightning fast payouts.