![]() ![]() To Read the Full Story Subscribe Sign In Most Popular Videos Hack 'n' Slash Meets Parenting in Sony's 'God of War' Reboot Michael Jordan Takes on CEO John Rogers After Years of Conflict, Syria's Health-Care System in Shambles iPhone X & iPhone 8: First Look Video How About a Slightly Smart Phone? Most Popular Articles Two Comey Memos Shared With Friend Are Under Scrutiny At Manafort Hearing, Judge Weighs Scope of Muellers Authority Southwest Accident Shows Passengers Unprepared for Emergencies Democrats Sue Trump Campaign, Russia, WikiLeaks Over Election When the Twitter Mob Came for Me WSJs Thomas Di Fonzo takes to the streets of New York to try to spend bitcoin at brick-and-mortar establishments. RELATED VIDEO What You Can Buy With Bitcoin: A $10 Pizza for $76 Bitcoin is a virtual currency, but very few people use it to actually pay for things because of transaction fees and its rising value. The brief crash appeared to have been triggered when Coinbase, one of the worlds biggest cryptocurrency exchanges and operator of the most widely used bitcoin trading app, started to trade the alternative Bitcoin Cash. ET Bitcoin prices slumped more than 10% in an hour duringWednesday-morning Asia trading, and heavy volume of withdrawals prompted some exchanges to halt trading. Markets Bitcoin Swings as Alternative Is Added to Exchange Brief crash appears to have been triggered when Coinbase started to trade Bitcoin Cash By Gregor Stuart Hunter Gregor Stuart Hunter The Wall Street Journal BiographyGregor Stuart Hunter Google+ Dec. Video: Sharon Shi and Crystal Tai To Read the Full Story Subscribe Sign In Most Popular Videos Hack 'n' Slash Meets Parenting in Sony's 'God of War' Reboot iPhone X & iPhone 8: First Look Video Olympics: McKayla Is Not Impressed With Your Meme Michael Jordan Takes on CEO John Rogers After Years of Conflict, Syria's Health-Care System in Shambles Most Popular Articles Two Comey Memos Shared With Friend Are Under Scrutiny At Manafort Hearing, Judge Weighs Scope of Muellers Authority Southwest Accident Shows Passengers Unprepared for Emergencies When the Twitter Mob Came for Me Democrats Sue Trump Campaign, Russia, WikiLeaks Over Election What's a government to do? The WSJ's Steven Russolillo travels the world (sort of) to see how regulators are responding to the remarkable rise of cryptocurrencies. Regulators: Who Will Win? As bitcoin has emerged from the underground world of nerds and criminals to become a mainstream investment, the risk of hacks and scandals has also blossomed. Bitcoin prices tumbled as much as 13.7% Thursday, falling more sharply on Korean exchanges than other trading venues. The remarks from Minister of Justice Park Sang-ki came just days after the countrys financial regulator started inspecting some of South Koreas largest financial institutions that help facilitate digital-currency trading. ET A top official from South Korea said the government is preparing a bill to ban the trading of cryptocurrencies on exchanges, stepping up its efforts to curb speculation. Markets Bitcoin Plunges as South Korea Crafts Cryptocurrency Crackdown South Korea is preparing a bill to ban the trading of cryptocurrencies on exchanges By Eun-Young Jeong and Eun-Young Jeong The Wall Street Journal BiographyEun-Young Jeong Gregor Stuart Hunter Gregor Stuart Hunter The Wall Street Journal BiographyGregor Stuart Hunter Google+ Updated Jan. ![]()
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