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Korean exchanges raided by authorities


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38 minutes ago, RobS said:

Hmm, then why is Ethereum continuing to fly?  XRP is mostly affected so unsure that your statement on entire Crypto market is believable. 

XRP is very popular on Korean exchanges. In fact, that is where pretty much 1/3 of the total volume comes from. Ethereum is far more accessable on Western exchanges such as coinbase for example. Maybe that helped lessen the blow? Not sure. 

Who knows, CMC's decision to not include Korean exchange prices could somehow be linked to this also. Idk speculating I suppose 

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36 minutes ago, RobS said:

Hmm, then why is Ethereum continuing to fly?  XRP is mostly affected so unsure that your statement on entire Crypto market is believable. 

I've head people talk about a renewed resurgence in ICO investment, which could help suggest why ETH & NEO have been pumping as of late as they are the primary gateway for them.  

But who knows.   

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1 minute ago, tartankiwi said:

I've head people talk about a renewed resurgence in ICO investment, which could help suggest why ETH & NEO have been pumping as of late as they are the primary gateway for them.  

But who knows.   

Another interesting point. Thanks

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1 minute ago, Tehol_Beddict said:

 

Yeah that does make sense. From the quote by the coinone official who called it a "raid" we would infer that it was hostile but there really isn't a way to know if it was what our idea of a raid would be 

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2 minutes ago, FixnUrPowerline said:

Yeah that does make sense. From the quote by the coinone official who called it a "raid" we would infer that it was hostile but there really isn't a way to know if it was what our idea of a raid would be 

I would take it a step further and say they are actively putting a spin on the story. Perhaps they want to move it all to OTC markets like China did. Much easier to regulate.

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